【Quick tip】What is the Reduce-Only option for?
Orders with Reduce-Only enabled can only reduce an existing position. They can’t increase a position or open a position in the opposite direction.
Many accidental reverse positions happen because of duplicate closing orders: you’ve already closed your position, but a take-profit or stop-loss order you placed earlier triggers later, opening a new position in the opposite direction.
Back to the market: $BTC is currently at 83380.21, down 0.15% over 24 hours.
Funding fees are also a cost of holding a position, so the longer you hold a trade, the more important it is to keep track of them.
Orders with Reduce-Only enabled can only reduce an existing position. They can’t increase a position or open a position in the opposite direction.
Many accidental reverse positions happen because of duplicate closing orders: you’ve already closed your position, but a take-profit or stop-loss order you placed earlier triggers later, opening a new position in the opposite direction.
Back to the market: $BTC is currently at 83380.21, down 0.15% over 24 hours.
Funding fees are also a cost of holding a position, so the longer you hold a trade, the more important it is to keep track of them.