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How to close a position in Huobi futures trading

2024-07-02 11:38:58821browse

In Huobi futures trading, position closing is a trading operation to close an unfinished position. The steps are as follows: select the contract and close the position type; enter the direction, quantity and type information; confirm and execute the close position.

How to close a position in Huobi futures trading

Huobi futures trading closing guide

1. Select the contract

  • Log in to your Huobi account and enter the "Contracts" page.
  • Select the contract type you want to close (such as BTCUSDT perpetual contract).

2. Select the closing type

  • Close the position at market price: Close the position immediately at the current market price.
  • Close at limit price: Close your position when the specified limit price is reached.
  • Take profit and stop loss order closing: Close the position when the specified take profit or stop loss price is reached.

3. Fill in the closing information

  • Select direction: Select "Buy" or "Sell" according to the position direction.
  • Fill in the quantity: Enter the contract quantity to be closed (in lots).
  • Select the closing type: Select the above closing type.
  • If necessary, enter the limit price or take profit and stop loss price.

4. Confirm the closing position

  • Check the closing information to make sure it is correct.
  • Click the "Close" button to confirm the transaction.

Notes on closing a position:

  • Closing a position will execute a transaction in the opposite direction to the position.
  • Limit price liquidation and stop-profit and stop-loss order liquidation may not be completed due to market fluctuations.
  • Market price closing may cause slippage when the market fluctuates greatly.
  • After successful closing, the position will be closed and the profit or loss will be credited to the account.

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