-
Bitcoin $92,477.6434
-1.11% - Ethereum
$1,744.7789
-2.50% - Tether USDt
$1.0001
-0.01% - XRP
$2.1472
-5.15% - BNB
$596.6488
-2.31% - Solana
$146.8572
-3.16% - USDC
$1.0000
0.01% - Dogecoin
$0.1732
-4.62% - Cardano
$0.6866
-1.62% - TRON
$0.2440
-0.63% - Sui
$2.9943
3.75% - Chainlink
$14.3901
-2.82% - Avalanche
$21.9130
-3.32% - UNUS SED LEO
$9.2481
1.88% - Stellar
$0.2623
-3.64% - Toncoin
$3.1179
0.54% - Shiba Inu
$0.0...01304
-4.77% - Hedera
$0.1777
-4.20% - Bitcoin Cash
$358.9657
0.45% - Polkadot
$3.9866
-2.91% - Litecoin
$81.7041
-2.94% - Hyperliquid
$18.0887
-4.08% - Dai
$1.0000
0.00% - Bitget Token
$4.4473
-2.98% - Ethena USDe
$0.9994
0.01% - Pi
$0.6441
-3.30% - Monero
$224.1265
-1.26% - Uniswap
$5.7309
-3.91% - Pepe
$0.0...08439
-7.42% - Aptos
$5.2356
-1.97%
How to close a position in BigONE contract trading
To close a position in BigONE contract trading, log in to your account, access the contract trading interface, identify the position, select the "Close" option, confirm the closing details, and click on the "Confirm Close" button.
Dec 01, 2024 at 10:26 am
How to Close a Position in BigONE Contract Trading
Overview
Contract trading on BigONE involves taking positions on the future price of an underlying asset, using leverage to amplify potential profits or losses. Closing a position entails exiting the trade and realizing the gains or losses incurred. This article provides a comprehensive guide on how to close a position in BigONE contract trading.
Steps to Close a Position in BigONE Contract Trading
- Log in to Your BigONE Account
- Visit the BigONE website or mobile app and enter your credentials.
- Ensure that you have a funded contract account.
- Access the Contract Trading Interface
- Navigate to the "Contracts" tab on the dashboard.
- Select the specific contract you wish to close.
- Locate the "Positions" Section
- Find the "Positions" section within the contract trading interface.
- This section displays a list of your open positions.
- Identify the Position to Close
- Locate the position you want to close.
- Check the "Position Direction" (Long or Short) and the "Contract Code" to confirm the correct trade.
- Click on the "Close" Option
- Select the "Close" option associated with the position you wish to close.
- A confirmation dialog box will appear.
- Confirm the Closing Details
- Review the closing details, including the closing price, fees, and potential profit or loss.
- Use the arrows to adjust the closing quantity if necessary.
- Click on the "Confirm Close" Button
- Once you are satisfied with the closing details, click on the "Confirm Close" button to complete the transaction.
- Your position will be closed, and the realized profit or loss will be reflected in your account.
Additional Considerations
- Understanding Leverage: Remember that contract trading involves the use of leverage, which can amplify both potential profits and losses.
- Managing Risk: Implement proper risk management strategies, such as stop-loss orders and position sizing, to minimize potential losses.
- Market Volatility: Contract prices are highly volatile, so be prepared for price fluctuations and act accordingly.
- Fees: BigONE charges fees for opening and closing positions, which are typically a percentage of the transaction value.
- Customer Support: Contact BigONE customer support for assistance if you encounter any issues during the process.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- Bitcoin [BTC] ETFs Just Pulled Off Their Biggest One-Day Inflow Since November 2024 – a Jaw-Dropping 11,898 BTC
- 2025-04-24 18:30:11
- PancakeSwap Records Highest-Ever Quarter since Inception, But CAKE Price Dips
- 2025-04-24 18:30:11
- PancakeSwap Exchange Rate Soars to New Heights, Driven by Investor Trust and the 3.0 Update
- 2025-04-24 18:25:13
- The 3 Best Cryptos to Buy After Donald Trump Announced an Exclusive Dinner with the Top 220 Holders of His Meme Coin
- 2025-04-24 18:25:13
- XRP, one of the top digital assets in the cryptocurrency world, has been riding a wave of positive sentiment recently
- 2025-04-24 18:20:12
- Bitcoin's wick above the $90K level—thanks to Donald Trump pulling back slightly from the trade war—led to the appearance of a golden cross.
- 2025-04-24 18:20:12
Related knowledge
How does Tail Protection reduce the loss of liquidation?
Apr 11,2025 at 01:50am
Introduction to Tail Protection in CryptocurrencyTail Protection is a mechanism designed to mitigate the risks associated with liquidation in cryptocurrency trading. Liquidation occurs when a trader's position is forcibly closed by the exchange due to insufficient margin to cover potential losses. This often happens in leveraged trading, where traders b...
What are the consequences of an imbalance in the long-short ratio?
Apr 13,2025 at 02:50pm
The long-short ratio is a critical metric in the cryptocurrency trading world, reflecting the balance between bullish and bearish sentiments among traders. An imbalance in this ratio can have significant consequences on the market dynamics, affecting everything from price volatility to trading strategies. Understanding these consequences is essential fo...
How to judge the market trend by the position volume?
Apr 11,2025 at 02:29pm
Understanding how to judge the market trend by position volume is crucial for any cryptocurrency trader. Position volume, which refers to the total number of open positions in a particular cryptocurrency, can provide valuable insights into market sentiment and potential price movements. By analyzing this data, traders can make more informed decisions ab...
Why does a perpetual contract have no expiration date?
Apr 09,2025 at 08:43pm
Perpetual contracts, also known as perpetual futures or perpetual swaps, are a type of derivative product that has gained significant popularity in the cryptocurrency market. Unlike traditional futures contracts, which have a fixed expiration date, perpetual contracts do not expire. This unique feature raises the question: why does a perpetual contract ...
Why is the full-position mode riskier than the position-by-position mode?
Apr 13,2025 at 03:42pm
Why is the Full-Position Mode Riskier Than the Position-by-Position Mode? In the world of cryptocurrency trading, the choice between full-position mode and position-by-position mode can significantly impact the risk profile of a trader's portfolio. Understanding the differences between these two modes is crucial for making informed trading decisions. Th...
How is the liquidation price calculated?
Apr 12,2025 at 01:35am
Introduction to Liquidation PriceLiquidation price is a critical concept in the world of cryptocurrency trading, particularly when dealing with leveraged positions. Understanding how this price is calculated is essential for traders to manage their risk effectively. The liquidation price is the point at which a trader's position is forcibly closed by th...
How does Tail Protection reduce the loss of liquidation?
Apr 11,2025 at 01:50am
Introduction to Tail Protection in CryptocurrencyTail Protection is a mechanism designed to mitigate the risks associated with liquidation in cryptocurrency trading. Liquidation occurs when a trader's position is forcibly closed by the exchange due to insufficient margin to cover potential losses. This often happens in leveraged trading, where traders b...
What are the consequences of an imbalance in the long-short ratio?
Apr 13,2025 at 02:50pm
The long-short ratio is a critical metric in the cryptocurrency trading world, reflecting the balance between bullish and bearish sentiments among traders. An imbalance in this ratio can have significant consequences on the market dynamics, affecting everything from price volatility to trading strategies. Understanding these consequences is essential fo...
How to judge the market trend by the position volume?
Apr 11,2025 at 02:29pm
Understanding how to judge the market trend by position volume is crucial for any cryptocurrency trader. Position volume, which refers to the total number of open positions in a particular cryptocurrency, can provide valuable insights into market sentiment and potential price movements. By analyzing this data, traders can make more informed decisions ab...
Why does a perpetual contract have no expiration date?
Apr 09,2025 at 08:43pm
Perpetual contracts, also known as perpetual futures or perpetual swaps, are a type of derivative product that has gained significant popularity in the cryptocurrency market. Unlike traditional futures contracts, which have a fixed expiration date, perpetual contracts do not expire. This unique feature raises the question: why does a perpetual contract ...
Why is the full-position mode riskier than the position-by-position mode?
Apr 13,2025 at 03:42pm
Why is the Full-Position Mode Riskier Than the Position-by-Position Mode? In the world of cryptocurrency trading, the choice between full-position mode and position-by-position mode can significantly impact the risk profile of a trader's portfolio. Understanding the differences between these two modes is crucial for making informed trading decisions. Th...
How is the liquidation price calculated?
Apr 12,2025 at 01:35am
Introduction to Liquidation PriceLiquidation price is a critical concept in the world of cryptocurrency trading, particularly when dealing with leveraged positions. Understanding how this price is calculated is essential for traders to manage their risk effectively. The liquidation price is the point at which a trader's position is forcibly closed by th...
See all articles
