Let’s talk about reduce-only orders.
In one-way position mode, conditional orders such as take-profit and stop-loss orders can also be set to reduce-only. If the position has already been closed when they trigger, they won’t open a new position in the opposite direction.
To be honest, I only learned this later: after closing a position yourself, remember to check whether any previously placed take-profit or stop-loss orders are still active and cancel them if needed.
Here’s a market update to wrap up: $BTC is currently at 80950 (24h +1.08%).
Keeping each loss to a small percentage of your account is more important than guessing the perfect entry.
In one-way position mode, conditional orders such as take-profit and stop-loss orders can also be set to reduce-only. If the position has already been closed when they trigger, they won’t open a new position in the opposite direction.
To be honest, I only learned this later: after closing a position yourself, remember to check whether any previously placed take-profit or stop-loss orders are still active and cancel them if needed.
Here’s a market update to wrap up: $BTC is currently at 80950 (24h +1.08%).
Keeping each loss to a small percentage of your account is more important than guessing the perfect entry.
