When should you check the “Reduce Only” option on the order panel?
One detail: if a reduce-only order’s quantity exceeds your current position, the excess won’t open a position in the opposite direction. The order will be adjusted or canceled according to the rules.
Reduce Only is like a safety net for closing orders: no matter what quantity you enter, it can only reduce your current position to zero at most.
Understanding this is more useful than memorizing a bunch of jargon. When prices are highly volatile, don’t chase orders—wait for the market to settle before taking another look.
Related coin: $BTC . Current price: 76984.01 (24h -1.9%).
#BTC
One detail: if a reduce-only order’s quantity exceeds your current position, the excess won’t open a position in the opposite direction. The order will be adjusted or canceled according to the rules.
Reduce Only is like a safety net for closing orders: no matter what quantity you enter, it can only reduce your current position to zero at most.
Understanding this is more useful than memorizing a bunch of jargon. When prices are highly volatile, don’t chase orders—wait for the market to settle before taking another look.
Related coin: $BTC . Current price: 76984.01 (24h -1.9%).
#BTC