Zenith
  • 💡Introduction
  • 📈Perpetual Futures
    • Virtual AMM (VMM)
    • Funding Payment
    • Liquidation
    • Insurance Fund
    • Examples
    • Smart Contracts
    • Formula
  • 📊Architectures
  • 🔎Trader's Guide
    • Trading on Zenith
    • Connecting to Zenith
    • Opening Position
    • Closing Position
    • Increasing Position
    • Decreasing Position
    • Adding Margin
    • Reducing Margin
  • 💰Tokenomics
    • PPR Token
    • Distribution
    • Staking
  • ❓FAQ
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  1. Trader's Guide

Closing Position

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Last updated 2 years ago

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Closing a position means removing the initial exposure and making do with the results yielded during the holding period - whether these results are profit or reduce exposure. To close a position means to remove the initial exposure and make do with the results yielded during the holding period - whether these results are profit or reduce exposure. A trader would typically want to exit an open position for one of the following reasons:

  • to exit is the only appropriate way to meet the margin requirements

  • the targeted profit has been achieved

  • the loss level has reached the limit

  • market conditions have changed

To close your position, Go to Position status and select Close Position and review the final values.

The formula reflecting the Expected Close Price is simple: it is the Market Price of the asset minus the price impact produced by the trade. Hope you have a good profit on closing.

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