When should you check the “Reduce-Only” option on the order placement page?
Reduce-Only orders can only decrease an existing position. They can’t increase your position or open a new position in the opposite direction.
In one-way mode, make it a habit to check Reduce-Only for orders and conditional orders intended to close a position.
Quick glance: $BTC is at 68284, down 3.78% over 24 hours.
If you know someone who’s just getting started, feel free to share this with them.
Reduce-Only orders can only decrease an existing position. They can’t increase your position or open a new position in the opposite direction.
In one-way mode, make it a habit to check Reduce-Only for orders and conditional orders intended to close a position.
Quick glance: $BTC is at 68284, down 3.78% over 24 hours.
If you know someone who’s just getting started, feel free to share this with them.
