When should you check the “Reduce-Only” option on the order page?
Many unintended opposite positions are caused by duplicate closing orders: you’ve already closed the position, but an earlier take-profit or stop-loss order is triggered later, opening a new position in the opposite direction.
Knowledge may seem boring in ordinary times, but you realize its value when something goes wrong.
Once you’ve set a stop-loss, stick with it—don’t cancel it on a whim.
$BTC 82964.01 (+0.9%)
#BTC
Many unintended opposite positions are caused by duplicate closing orders: you’ve already closed the position, but an earlier take-profit or stop-loss order is triggered later, opening a new position in the opposite direction.
Knowledge may seem boring in ordinary times, but you realize its value when something goes wrong.
Once you’ve set a stop-loss, stick with it—don’t cancel it on a whim.
$BTC 82964.01 (+0.9%)
#BTC