Closing Positions

To close all or part of a position, you simply execute an opposing order in the volume amount you want to close. To close a long position, you execute a leveraged sell order and to close a short position, you execute a leveraged buy order. For example, suppose you buy 1 XBT of XBT/EUR at 2:1 leverage. To close the entire position, you sell 1 XBT of XBT/EUR (at any leverage). To close half the position, you sell 0.5 XBT of XBT/EUR (at any leverage). Note that the closing leverage does not need to match the opening leverage. Finally, be careful that you don’t execute a closing order for more volume than your position, since this will create a new position on the opposite side (see “Flipping positions”).