How to close positions in Huobi Huobi contract trading_Step operation steps in Huobi Huobi contract trading

When conducting contract trading on the Huobi Huobi platform, closing position operations are one of the basic skills that traders must master. Close positions means ending the current contract position, thereby achieving profit or stop loss. This article will introduce in detail the closing operation steps of contract trading on Huobi Huobi platform, and ensure that each step is clear and easy to understand.

What is closing position

When conducting a contract trading, closing a position refers to the trader closing a contract position currently held by performing an operation opposite to opening a position. If you are in a long (buy) contract, then closing the position is a sell contract; if you are in a short (sell) contract, then closing the position is a buy contract. The purpose of closing a position is to lock in profits or reduce losses.

Log in to Huobi Huobi platform

First of all, you need to log in to the Huobi Huobi platform. After logging in, make sure you have enough margin in your account to close the position. If you have not registered a Huobi account, you can complete the registration through the following steps:

• Visit Huobi official website
• Click the "Register" button
• Fill in your email and password to complete verification
• After completing the registration, log in to your account

Enter the contract trading page

After logging in, click on the "Contract" tab on the page to enter the contract trading page of Huobi Huobi. Here you can see all the contract positions currently held.

Select the contract to close

On the Contract Trading page, you will see a list showing all contract positions you currently hold. Find the contract you want to close your position and click on the contract to enter the detailed page.

Perform a closing operation

On the contract details page, you will see a "Close position" button. After clicking the "Close Position" button, a window will pop up asking you to enter the number of closed positions. You can choose to close all or part of the position.

• If you want to close all positions, enter the full amount you currently hold
• If you want to close a position, enter the specific quantity you want to close the position

After entering the closing quantity, click the "Confirm" button. The system will immediately perform a closing operation and display the results after closing the position in your account.

Check the closing results

After the closing operation is completed, you can view the closing results on the "Trade History" or "Account Balance" page. The Huobi Huobi platform will record in detail the specific time, price and profit and loss of each position closed.

Things to note when closing positions

There are several points to pay special attention to when performing a closing operation:

• Adequate margin : Make sure you have enough margin in your account to complete the closing operation. If margin is insufficient, it may lead to failure to close the position.
• Market fluctuations : Market price fluctuations may affect the actual execution price of closed positions, so pay close attention to the market before closing the position.
• Processing fee : A certain handling fee will be incurred in a closing operation. Before trading, you must understand the platform's handling fee standards.

FAQ

When will the funds arrive after closing the position?

After closing the position, the funds will usually be immediately reflected in your Huobi account. You can view the specific changes in funds on the "Account Balance" page.

Can the closing operation be revoked?

Once the closing operation is confirmed to be executed, it is usually impossible to revoke. So, before clicking the "Confirm" button, make sure you have carefully checked the quantity and price of closed positions.

Do I need to open a position again after closing the position?

After closing the position, if you want to continue trading in contracts, you need to open the position again. The steps to open a position are similar to closing a position. Just select the contract you want to trade on the contract trading page and perform a buy or sell operation.

Will closing the position affect my other contract positions?

Close positions will only affect the specific contract positions you choose and will not affect other contract positions you hold. Therefore, you can selectively close some or all positions based on the market situation and your trading strategy.

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