How to adjust the position in CoinEx contract trading?

Understanding the Basics of CoinEx Contract Trading

Before diving into the mechanics of adjusting positions, it's crucial to understand what position adjustment means in the context of CoinEx contract trading. A position refers to an open trade that a trader holds in the market, either long (buying) or short (selling). Adjusting a position involves modifying its size, entry price, or leverage to manage risk or optimize potential gains.

On CoinEx Futures, traders can adjust their positions through various methods such as increasing or decreasing the quantity, changing the margin type, or altering the leverage level. These adjustments are essential for managing exposure, especially in volatile markets where rapid price movements can significantly impact profitability and risk levels.

Accessing Your Open Positions on CoinEx

To begin adjusting your position, you must first locate your open contracts within the CoinEx trading interface. Navigate to the Futures section of the CoinEx app or website. Once there, look for the 'Positions' tab, which displays all active trades. Each listed position includes key information such as the contract symbol, side (long/short), quantity, entry price, liquidation price, and unrealized profit/loss.

Ensure that you're logged into your account and have selected the correct trading pair and contract type (perpetual or delivery). It's important to double-check the details of each open position before proceeding with any modifications. This step ensures accuracy and prevents unintended changes to other contracts.

Modifying Position Size and Margin Type

One of the primary ways to adjust your position is by changing the position size or switching between isolated and cross margin modes. To modify the position size:

• Click on the 'Add/Reduce Position' button next to your open trade.
• Enter the desired amount to increase or decrease the position. You can input either a positive number to add to your existing position or a negative number to reduce it.
• Confirm the transaction using your trading password or two-factor authentication if enabled.

If you want to switch between isolated margin (where only the allocated margin is at risk) and cross margin (where all available balance can be used as collateral):

• Locate the 'Margin Mode' option under the position details.
• Select your preferred mode.
• Confirm the change after reviewing the implications, particularly regarding liquidation risks.

These adjustments allow traders to fine-tune their exposure based on current market conditions and personal risk tolerance.

Adjusting Leverage for Better Risk Control

Another critical aspect of position management is leverage adjustment. Leverage determines how much exposure you have relative to your margin. Higher leverage increases both potential profits and losses. On CoinEx, you can adjust leverage directly from the trading interface:

• Look for the leverage display near the trading chart or within the order panel.
• Click on the current leverage value (e.g., 20x).
• Choose a new leverage level from the dropdown menu or manually enter a custom value.
• Confirm the change.

It’s important to note that leverage adjustments apply only to new positions unless you're modifying an existing one. Some exchanges restrict leverage changes once a position is open, but CoinEx allows this flexibility, giving traders more control over their risk profile.

Setting Stop-Loss and Take-Profit Orders

Proper risk management also involves setting stop-loss and take-profit orders to automate exit points. While these aren't direct position adjustments, they help protect capital and secure profits without constant monitoring.

To set these orders:

• Go to the 'Order' section below the trading chart.
• Select 'Stop-Loss/Take-Profit' from the order type options.
• Input the trigger price and the execution price for each order.
• Specify whether the order should be activated based on mark price or last traded price.
• Submit the order after verifying the parameters.

By using these tools, traders can effectively manage their positions even when away from the screen, reducing emotional decision-making and enhancing discipline.

Frequently Asked Questions (FAQ)

Q: Can I adjust my position after placing a stop-loss or take-profit order?Yes, you can modify or cancel your stop-loss and take-profit orders anytime before they are triggered. Simply navigate to the 'Orders' tab, locate the relevant order, and click 'Cancel' or edit the parameters as needed.

Q: Is there a fee for adjusting my position on CoinEx Futures?Adjusting position size, leverage, or margin type does not incur additional fees. However, any trades executed during the adjustment process (such as adding to a position) may be subject to standard trading fees.

Q: What happens if I reduce my position size below the minimum requirement?If reducing your position results in a size below the minimum allowed by the exchange, the system will automatically close the entire position. Always check the minimum size requirements for each trading pair.

Q: Does changing the margin type affect my liquidation price?Yes, switching between isolated and cross margin can alter your liquidation price because it affects how much collateral is available to support the position. Be sure to review the updated liquidation risk before confirming the change.