🐋 Beyond watching the funds, you should understand these basics too: reduce-only
In one-way 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 the order is triggered, it won’t open a new position in the opposite direction.
Many unintended opposite positions are caused by duplicate closing orders: you’ve already closed the position, but a previously placed take-profit or stop-loss order is triggered later, opening a new position in the opposite direction.
Coin mentioned in the article: $BTC was quoted at 68408.01, 24h -4.31%.
Don’t use borrowed money to trade futures—the losses can come faster than you think.
In one-way 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 the order is triggered, it won’t open a new position in the opposite direction.
Many unintended opposite positions are caused by duplicate closing orders: you’ve already closed the position, but a previously placed take-profit or stop-loss order is triggered later, opening a new position in the opposite direction.
Coin mentioned in the article: $BTC was quoted at 68408.01, 24h -4.31%.
Don’t use borrowed money to trade futures—the losses can come faster than you think.
