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.
Orders with Reduce-Only enabled can only reduce an existing position. They won’t increase your position or open one in the opposite direction.
The most important thing to remember when managing positions: after manually closing a position, check whether any previously placed take-profit or stop-loss orders are still active.
$BTC 68234 (-3.86%)
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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.
Orders with Reduce-Only enabled can only reduce an existing position. They won’t increase your position or open one in the opposite direction.
The most important thing to remember when managing positions: after manually closing a position, check whether any previously placed take-profit or stop-loss orders are still active.
$BTC 68234 (-3.86%)
#BTC