Position Management

Learn how to manage, modify, and close your open positions effectively.

Viewing Open Positions

Positions Panel

Access your positions from:

1. Trade page - Bottom panel shows current positions
2. Positions page - Full view with filters
3. Dashboard - Quick summary

Position Information

Modifying Positions

Adjusting Stop Loss

To change your stop loss:

1. Find the position
2. Click Edit SL/TP or the stop loss field
3. Enter new stop loss price
4. Confirm change

Guidelines:

Adjusting Take Profit

To change your take profit:

1. Find the position
2. Click Edit SL/TP or the take profit field
3. Enter new take profit price
4. Confirm change

Trailing Stop (Manual)

Manually trail your stop as price moves:

Entry: $50,000 (Long)
Initial SL: $49,000 (2% risk)

Price moves to $52,000:
Move SL to $51,000 (lock in ~2% profit)

Price moves to $55,000:
Move SL to $53,500 (lock in ~7% profit)

Adding to Positions

Scaling In

Add to a winning position:

1. Open a new order in same direction
2. Position size increases
3. Average entry price changes

Example:

Position 1: Buy 0.1 BTC @ $50,000
Position 2: Buy 0.1 BTC @ $52,000

Result: 0.2 BTC @ $51,000 average

Averaging Down

Add to a losing position (use with caution):

Warning: Averaging down increases exposure to a losing trade. Have a clear plan.

Reducing Positions

Partial Close

Close part of your position:

1. Click Close on position
2. Select Partial
3. Enter amount to close
4. Confirm

Use cases:

• Taking profits incrementally
• Reducing risk
• Freeing up margin

Scaling Out Strategy

Entry: 1 BTC @ $50,000

At $52,000 (+4%): Close 0.33 BTC (take profits)
At $55,000 (+10%): Close 0.33 BTC (more profits)
At $60,000 (+20%): Close 0.34 BTC (final exit)

Result: Captured profits at multiple levels

Closing Positions

Market Close

Close immediately at market price:

1. Find position
2. Click Close
3. Select Market
4. Confirm

Pros: Guaranteed execution Cons: May have slippage

Limit Close

Close at specific price:

1. Find position
2. Click Close
3. Select Limit
4. Enter price
5. Submit order

Pros: Control over exit price Cons: May not fill

Close All

Close all positions at once:

1. Go to Positions page
2. Click Close All
3. Confirm action

Warning: This closes ALL positions across the selected exchange.

Emergency Procedures

Quick Exit

If you need to close immediately:

1. Use Market Close
2. Accept any slippage
3. Verify closure

Connection Issues

If you can't access TradeStaq:

1. Log into exchange directly
2. Close positions from exchange
3. Contact support if needed

Large Adverse Move

If price is moving rapidly against you:

Position Analysis

Break-Even Calculation

Entry Price + (Entry Price × Fees × 2) = Break-Even

Example:
Entry: $50,000
Fees: 0.1% round-trip
Break-even: $50,000 + ($50,000 × 0.002) = $50,100

Risk/Reward Assessment

Entry: $50,000
Stop Loss: $49,000 (2% risk)
Take Profit: $54,000 (8% reward)

Risk/Reward Ratio = 8% / 2% = 4:1

Position Sizing Review

Multiple Positions

Managing Multiple Positions

Portfolio View

Monitor total exposure:

Common Scenarios

Position Goes Against You

Position Goes in Your Favor

Uncertainty

Best Practices

Daily Routine

Position Management Rules

1. Always have a stop loss - No exceptions
2. Don't move SL further away - Increases risk
3. Take profits when planned - Don't get greedy
4. Cut losers quickly - Let winners run
5. Size appropriately - Never risk too much

Record Keeping

Track for each position:

Next Steps

• Positions & Performance - Track your trading
• Risk Management - Protect your capital
• PnL Charts - Visualize performance