Market Cap: $3.2156T -1.960%
Volume(24h): $190.1973B -22.110%
Fear & Greed Index:

45 - Neutral

  • Market Cap: $3.2156T -1.960%
  • Volume(24h): $190.1973B -22.110%
  • Fear & Greed Index:
  • Market Cap: $3.2156T -1.960%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top Cryptospedia

Select Language

Select Language

Select Currency

Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos

How to open a contract cooling-off period in Deepcoin

To open a contract cooling-off period in Deepcoin, traders must ensure they meet certain prerequisites, navigate to the contract management page, select the target contract, and follow the initiation process outlined in the article.

Nov 23, 2024 at 06:03 am

How to Open a Contract Cooling-Off Period in Deepcoin

Introduction

When entering into a futures contract, traders often face the dilemma of experiencing unexpected market fluctuations that may lead to significant losses. To mitigate this risk, Deepcoin offers a contract cooling-off period, providing traders with a buffer to carefully assess their positions and make informed decisions. This comprehensive guide will thoroughly explain the step-by-step process of opening a contract cooling-off period in Deepcoin.

Step 1: Prerequisites for Opening a Contract Cooling-Off Period

Before initiating a contract cooling-off period, traders must ensure they meet the following prerequisites:

  • Valid Contract: Only active, non-settled contracts are eligible for a cooling-off period.
  • Acceptable Margin Level: The trader's account margin level must be within the permissible range.
  • Sufficient Time Remaining: The cooling-off period must be initiated before the contract's expiration time.

Step 2: Navigating to the Contract Management Page

To access the contract management page, follow these steps:

  • Log in to your Deepcoin account.
  • Select the "Contracts" tab from the top menu bar.
  • Click on the "Active Contracts" sub-tab.

Step 3: Identifying the Target Contract

On the contract management page, identify the contract for which you wish to open a cooling-off period. Select the contract by clicking on its corresponding row.

Step 4: Initiating the Contract Cooling-Off Period

Once the target contract is identified, follow these steps to initiate the cooling-off period:

  • Click on the "Actions" button located on the right-hand side of the contract row.
  • Select the "Open Cooling-Off Period" option from the drop-down menu.
  • Confirm your decision by clicking on the "Open" button.

Step 5: Duration and Parameters of the Cooling-Off Period

Upon successfully initiating the cooling-off period, the contract will enter a frozen state for a predetermined period, typically 24 hours. During this interval:

  • No further trading or liquidation activities can occur.
  • The contract remains open and exposed to market price fluctuations.
  • If the market moves in a favorable direction, the trader may opt to close the contract within the cooling-off period.

Step 6: Closing the Contract Within the Cooling-Off Period

If the market conditions improve during the cooling-off period, the trader can manually close the contract by following these steps:

  • Navigate to the contract management page as described in Step 2.
  • Locate the contract in the "Contracts on Cooling-Off" sub-tab.
  • Click on the "Actions" button and select "Close Contract."
  • Confirm your decision by clicking on the "Close" button.

Step 7: Consequences of Exceeding the Cooling-Off Period

If the trader fails to close the contract within the designated cooling-off period:

  • The contract will automatically expire and be settled.
  • The trader will face the consequences of their initial trading decisions.
  • Additional losses or gains will be realized based on the contract's settlement price.

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.

Related knowledge

What are the impacts of different contract leverage multiples?

What are the impacts of different contract leverage multiples?

Dec 16,2024 at 12:46pm

Impacts of Different Contract Leverage MultiplesLeverage, a tool leveraged in the financial realm, amplifies trading activities and enhances potential returns while simultaneously magnifying risks. Understanding the implications of varying leverage multiples is paramount for savvy traders. This article delves into the impacts of different contract lever...

Which is more suitable for novices, contract trading or margin trading on Huobi.com?

Which is more suitable for novices, contract trading or margin trading on Huobi.com?

Dec 16,2024 at 12:44pm

Which is More Suitable for Novices: Contract Trading or Margin Trading on Huobi.com?As a novice trader venturing into the world of cryptocurrency trading, the choice between contract trading and margin trading on Huobi.com can be a daunting one. Both instruments offer unique advantages and drawbacks, making it crucial to understand their key differences...

What does the leverage ratio of contract trading mean?

What does the leverage ratio of contract trading mean?

Dec 16,2024 at 12:43pm

What does the leverage ratio of contract trading mean?IntroductionLeverage ratio is a key concept in contract trading, allowing traders to gain exposure to a larger position than their initial capital would allow. This can potentially amplify both profits and losses, making it crucial for traders to understand its implications.Understanding Leverage Rat...

What scams exist in leveraged trading of virtual currency contracts?

What scams exist in leveraged trading of virtual currency contracts?

Dec 16,2024 at 12:42pm

What Scams Exist in Leveraged Trading of Virtual Currency Contracts?Leveraged trading of virtual currency contracts, also known as margin trading, can be a lucrative way to increase your profits. However, it is important to be aware of the various scams that exist in this market so that you can protect yourself from losing your money.Pump-and-dump scams...

What is 20x leverage on Bitcoin contracts?

What is 20x leverage on Bitcoin contracts?

Dec 16,2024 at 12:40pm

What is 20x Leverage on Bitcoin Contracts?IntroductionLeverage is a powerful tool in the world of trading that can magnify both profits and losses. However, it's essential to understand the risks involved before using leverage, especially when trading volatile assets like Bitcoin. In this comprehensive guide, we will delve into the concept of 20x levera...

What is the difference between Huobi’s margin trading and contract trading?

What is the difference between Huobi’s margin trading and contract trading?

Dec 16,2024 at 12:39pm

Understanding the Distinctions between Huobi Margin Trading and Contract TradingIntroductionHuobi, a leading cryptocurrency exchange, offers diverse trading options to cater to traders' varying risk tolerance and investment goals. Among these options are Margin Trading and Contract Trading, each with distinct features and trading mechanisms. This compre...

What are the impacts of different contract leverage multiples?

What are the impacts of different contract leverage multiples?

Dec 16,2024 at 12:46pm

Impacts of Different Contract Leverage MultiplesLeverage, a tool leveraged in the financial realm, amplifies trading activities and enhances potential returns while simultaneously magnifying risks. Understanding the implications of varying leverage multiples is paramount for savvy traders. This article delves into the impacts of different contract lever...

Which is more suitable for novices, contract trading or margin trading on Huobi.com?

Which is more suitable for novices, contract trading or margin trading on Huobi.com?

Dec 16,2024 at 12:44pm

Which is More Suitable for Novices: Contract Trading or Margin Trading on Huobi.com?As a novice trader venturing into the world of cryptocurrency trading, the choice between contract trading and margin trading on Huobi.com can be a daunting one. Both instruments offer unique advantages and drawbacks, making it crucial to understand their key differences...

What does the leverage ratio of contract trading mean?

What does the leverage ratio of contract trading mean?

Dec 16,2024 at 12:43pm

What does the leverage ratio of contract trading mean?IntroductionLeverage ratio is a key concept in contract trading, allowing traders to gain exposure to a larger position than their initial capital would allow. This can potentially amplify both profits and losses, making it crucial for traders to understand its implications.Understanding Leverage Rat...

What scams exist in leveraged trading of virtual currency contracts?

What scams exist in leveraged trading of virtual currency contracts?

Dec 16,2024 at 12:42pm

What Scams Exist in Leveraged Trading of Virtual Currency Contracts?Leveraged trading of virtual currency contracts, also known as margin trading, can be a lucrative way to increase your profits. However, it is important to be aware of the various scams that exist in this market so that you can protect yourself from losing your money.Pump-and-dump scams...

What is 20x leverage on Bitcoin contracts?

What is 20x leverage on Bitcoin contracts?

Dec 16,2024 at 12:40pm

What is 20x Leverage on Bitcoin Contracts?IntroductionLeverage is a powerful tool in the world of trading that can magnify both profits and losses. However, it's essential to understand the risks involved before using leverage, especially when trading volatile assets like Bitcoin. In this comprehensive guide, we will delve into the concept of 20x levera...

What is the difference between Huobi’s margin trading and contract trading?

What is the difference between Huobi’s margin trading and contract trading?

Dec 16,2024 at 12:39pm

Understanding the Distinctions between Huobi Margin Trading and Contract TradingIntroductionHuobi, a leading cryptocurrency exchange, offers diverse trading options to cater to traders' varying risk tolerance and investment goals. Among these options are Margin Trading and Contract Trading, each with distinct features and trading mechanisms. This compre...

See all articles

User not found or password invalid

Your input is correct