Managing Trades
Managing Your Open Positions
View Details & Update Stop Loss/Take Profit
📊 Viewing Your Positions
Open Positions Overview
Once your trade is executed, you can monitor and manage it in two main sections:
"Open Trades" Section
Location: Below the main trading interface
Shows: All your currently active positions
Information displayed:
Position size and leverage
Current profit/loss (P&L)
Entry price vs. current price
Liquidation price
Current stop loss and take profit levels
"Pending Orders" Section
Location: Adjacent to open trades
Shows: Limit orders and stop orders waiting to execute
Information displayed:
Order type (limit/stop)
Target price
Order size
Time submitted
🔍 Accessing Detailed Position Information
Step 1: Open Position Details
Locate your position in the "Open Trades" section
Click "Trade Details" to expand full position information
Review comprehensive data including:
Exact entry price and timestamp
Current unrealized profit/loss
Distance to liquidation
Active stop loss and take profit orders
Position fees and funding costs
Step 2: Navigate to Management Options
Find the "Actions" section within the position details
Look for the management buttons on the right side
✏️ Editing Stop Loss & Take Profit
Step 3: Access Edit Mode
Click the pencil icon (✏️) in the "Actions" section
The edit panel opens showing current TP/SL settings
Step 4: Choose Your Update Method
Method 1: Set Specific Price Targets
Stop Loss: Enter the exact price where you want to exit if the trade goes against you
Take Profit: Enter the exact price where you want to secure profits
Example:
Long Bitcoin entry at $50,000
Set stop loss at $48,000 (4% loss limit)
Set take profit at $55,000 (10% profit target)
Method 2: Use Percentage Targets
Stop Loss Percentage: Choose what % loss you're willing to accept
Take Profit Percentage: Choose your profit target as a %
Example:
Set stop loss at -5% (automatic price calculation)
Set take profit at +15% (automatic price calculation)
Step 5: Confirm Your Changes
Review your new settings carefully
Click "Confirm" to apply the changes
Sign the transaction in your wallet when prompted
Wait for blockchain confirmation (usually takes a few seconds)
⚠️ Important Considerations
Risk Management Tips
Always set stop losses to protect against major losses
Adjust targets based on market conditions - volatile markets may need wider stops
Consider trailing stops for trending positions (manual adjustment as price moves favorably)
Fee Awareness
Each TP/SL update requires a small blockchain transaction fee
Plan your levels carefully to minimize unnecessary updates
Batch changes when possible rather than frequent small adjustments
Timing Considerations
Updates take effect immediately after blockchain confirmation
Previous TP/SL orders are cancelled and replaced with new ones
Market gaps can still cause execution beyond your set levels in extreme conditions
📱 Monitoring Your Updates
Confirmation Checks
After updating your stop loss/take profit:
Verify new levels appear in your position details
Check that old orders have been cancelled
Confirm new orders are active in the system
Monitor execution if market approaches your new levels
Real-Time Tracking
Position P&L updates continuously with market movements
Distance to stop loss and take profit shown in real-time
Liquidation warnings if position approaches danger zone
💡 Pro Tips for Position Management
Strategic Approaches
Partial profit taking: Consider setting multiple take profit levels
Trailing stops: Manually adjust stop loss as position becomes profitable
Risk scaling: Tighten stops on larger positions, wider stops on smaller ones
Best Practices
Set initial TP/SL when opening positions (don't wait)
Review and adjust based on market conditions and technical levels
Keep records of your stop loss and take profit strategies for learning
Don't overtrade the management - sometimes the best action is no action
🆘 Troubleshooting
Common Issues
Transaction pending: Wait for blockchain confirmation before making additional changes
Orders not updating: Check wallet connection and network status
Price gaps: Remember that stop orders may execute beyond your exact price in fast markets
Getting Help
Double-check your position details if something looks incorrect
Refresh the page if data appears stale
Contact support if orders aren't executing as expected
Edit your take profit or stop loss price by manually inputting price targets or by adjusting your percentage profit and loss and hit confirm. Your will then be prompted to sign the transaction in your wallet.
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