🔥 Futures trading tip: Reduce-only
Reduce-only adds a restriction to a closing order: no matter what quantity you enter, it can only reduce your existing position to zero at most.
After closing your position yourself, remember to check whether any previously placed take-profit or stop-loss orders are still active and cancel them.
Price info: $BTC is quoted at 82364.58, down 1.4% in 24h.
If you learned something, leave a comment. If anything wasn’t clear, ask away in the comments.
#BTC
Reduce-only adds a restriction to a closing order: no matter what quantity you enter, it can only reduce your existing position to zero at most.
After closing your position yourself, remember to check whether any previously placed take-profit or stop-loss orders are still active and cancel them.
Price info: $BTC is quoted at 82364.58, down 1.4% in 24h.
If you learned something, leave a comment. If anything wasn’t clear, ask away in the comments.
#BTC