What is the Reduce-Only option for? Many people can't explain it!
In One-Way Mode, the same buy or sell order can either open or close a position. Reduce-Only ensures that the order can only close a position, not open one.
Many accidental reverse positions happen because a position is closed twice: you've already closed it, but an earlier take-profit or stop-loss order is still pending. When it triggers later, it opens a new position in the opposite direction.
Funding fees are also a cost, so the longer you hold a position, the more carefully you need to account for them.
$BTC 82988 (-1.03%)
#BTC
In One-Way Mode, the same buy or sell order can either open or close a position. Reduce-Only ensures that the order can only close a position, not open one.
Many accidental reverse positions happen because a position is closed twice: you've already closed it, but an earlier take-profit or stop-loss order is still pending. When it triggers later, it opens a new position in the opposite direction.
Funding fees are also a cost, so the longer you hold a position, the more carefully you need to account for them.
$BTC 82988 (-1.03%)
#BTC