Contract Trading | What is the Reduce-Only option for?
If the quantity of a reduce-only order exceeds your current position, the excess won’t open a position in the opposite direction; the order will be adjusted or canceled.
Reduce-only is like an extra layer of protection for closing orders: no matter what quantity you enter, it can only reduce your existing position to zero at most.
A quick glance: $BTC is trading at 74362.85, down 0.43% over 24h.
Once you’ve set a stop-loss order, let it execute—don’t cancel it when the time comes.
Just one person’s take—read it for what it is, not as advice.
If the quantity of a reduce-only order exceeds your current position, the excess won’t open a position in the opposite direction; the order will be adjusted or canceled.
Reduce-only is like an extra layer of protection for closing orders: no matter what quantity you enter, it can only reduce your existing position to zero at most.
A quick glance: $BTC is trading at 74362.85, down 0.43% over 24h.
Once you’ve set a stop-loss order, let it execute—don’t cancel it when the time comes.
Just one person’s take—read it for what it is, not as advice.