🔥 Futures Trading 101: Reduce-Only
Reduce-only puts a limit on your closing order: no matter what quantity you enter, it can only reduce your current position to zero at most.
After closing a position yourself, don’t forget to check whether any take-profit or stop-loss orders you had placed are still active, and cancel them if needed.
Back to the market: $BTC is trading at 81,339, down 3.78% over 24 hours.
What do you think? Join the discussion in the comments.
These views are for discussion only. Trade at your own risk.
Reduce-only puts a limit on your closing order: no matter what quantity you enter, it can only reduce your current position to zero at most.
After closing a position yourself, don’t forget to check whether any take-profit or stop-loss orders you had placed are still active, and cancel them if needed.
Back to the market: $BTC is trading at 81,339, down 3.78% over 24 hours.
What do you think? Join the discussion in the comments.
These views are for discussion only. Trade at your own risk.