-
Bitcoin $107,770.4059
-1.97% - Ethereum
$2,493.7356
-3.93% - Tether USDt
$1.0002
-0.02% - XRP
$2.2203
-2.55% - BNB
$652.1421
-1.54% - Solana
$146.9193
-3.62% - USDC
$1.0002
0.02% - TRON
$0.2838
-0.55% - Dogecoin
$0.1628
-5.62% - Cardano
$0.5703
-4.75% - Hyperliquid
$38.6498
-4.85% - Sui
$2.8450
-5.48% - Bitcoin Cash
$489.1135
-1.87% - Chainlink
$13.0730
-4.91% - UNUS SED LEO
$9.0733
0.42% - Avalanche
$17.7084
-4.89% - Stellar
$0.2381
-2.40% - Toncoin
$2.7521
-3.88% - Shiba Inu
$0.0...01134
-4.70% - Litecoin
$86.6015
-3.52% - Hedera
$0.1529
-4.15% - Monero
$314.6637
-0.97% - Dai
$0.9999
-0.01% - Polkadot
$3.3457
-5.84% - Ethena USDe
$1.0001
-0.01% - Bitget Token
$4.3968
-3.94% - Uniswap
$6.9333
-9.10% - Pepe
$0.0...09620
-5.08% - Aave
$264.0087
-5.99% - Pi
$0.4674
-4.92%
How to close a position in a CoinW contract transaction
To effectively close a position in a CoinW contract transaction, it's crucial to carefully calculate PnL, determine margin requirements, select the appropriate closing option, and monitor order execution.
Nov 18, 2024 at 02:06 am
How to Close a Position in a CoinW Contract Transaction
Introduction
Closing a position in a CoinW contract transaction involves several steps to ensure a successful and efficient process. This guide will provide a comprehensive walkthrough of the closing process, addressing the key questions and considerations involved.
Steps to Close a Position
1. Determine Position Details:
- Identify the contract type (e.g., USDT perpetual futures, Coin-Margined futures) and the underlying asset (e.g., BTC, ETH).
- Determine the position size (volume) and direction (long or short).
- Locate the open position in the "Positions" section of the CoinW trading platform.
2. Calculate PnL and Margin Requirements:
- Calculate the unrealized profit or loss (PnL) for the open position based on the current market price.
- Determine the required margin to maintain the position based on the current liquidation price.
- Ensure sufficient margin balance to cover any potential losses.
3. Select Closing Option:
- Market Close: Execute an immediate order at the current market price. This option is appropriate for closing out the position quickly.
- Limit Close: Set a specific price at which to close the position. This option provides more control over the closing price but may result in delayed execution.
- Stop-Limit Close: Place a stop order to close the position at a certain price level. This option allows for automated closing if the price reaches a predefined point.
4. Place Closing Order:
- Enter the closing order details, including the order type, quantity, and closing price (if applicable).
- Review the order details and confirm execution.
5. Monitor Order Execution:
- Track the status of the closing order in the "Orders" section of the platform.
- Monitor the position details to confirm the closure.
6. Withdraw Funds:
- After successful closure, withdraw the realized PnL and any remaining margin balance.
- Transfer the funds to your spot wallet or external account.
Additional Considerations
- Market Conditions: Volatile market conditions can affect the closing price and execution time.
- Position Size: Larger positions may require additional caution and patience during closure.
- Risk Management: Close positions in a timely manner to minimize potential losses.
- Fees: Consider transaction fees associated with closing the position.
- Technical Support: Contact CoinW support for any technical issues or assistance with the closing process.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- Bitcoin's Pattern Break: Are HODLers the Key to the Next Surge?
- 2025-07-04 18:50:12
- Bitcoin Price, Trump's Bill, and the $150K Dream: A NYC Take
- 2025-07-04 19:50:12
- Ethereum, LILPEPE, and the July Bounce: Will Pepe Steal ETH's Thunder?
- 2025-07-04 19:10:12
- Binance Institutional Loans: Unlocking 4x Leverage and Zero Interest for Whales
- 2025-07-04 19:15:12
- Bitcoin Bull Run: Analysts Eye Peak in Late 2025?
- 2025-07-04 19:20:13
- Pepe Indicators, Bullish Forecast: Can the Meme Coin Rally?
- 2025-07-04 19:25:12
Related knowledge
How to identify the contract value range in combination with the market profile?
Jul 02,2025 at 10:56pm
Understanding the Market ProfileTo effectively identify the contract value range in combination with the market profile, it's essential to first understand what each concept entails. The market profile is a framework that helps traders visualize how price and time interact across a given period, typically a trading day or session. It provides insights i...
How to use the price slope to filter the false breakthrough signal of the contract?
Jun 20,2025 at 06:56pm
Understanding the Concept of Price Slope in Contract TradingIn contract trading, especially within cryptocurrency derivatives markets, price slope refers to the rate at which the price changes over a specific time period. It helps traders assess the strength and sustainability of a trend. A steep slope may indicate strong momentum, while a shallow slope...
How to determine the expected volatility of the contract through the volatility cone?
Jun 19,2025 at 12:28pm
Understanding the Basics of Volatility in Cryptocurrency ContractsIn the realm of cryptocurrency trading, volatility is a key metric that traders use to assess potential risk and reward. When dealing with futures contracts, understanding how volatile an asset might become over time is crucial for position sizing, risk management, and strategy developmen...
How to formulate a contract intraday trading plan in combination with the pivot point system?
Jun 21,2025 at 03:42pm
Understanding the Basics of Pivot Points in Cryptocurrency TradingPivot points are technical analysis tools used by traders to identify potential support and resistance levels. These levels are calculated using the previous day's high, low, and closing prices. In the context of cryptocurrency trading, where markets operate 24/7, pivot points help trader...
How to adjust the contract position ratio through the price fluctuation entropy?
Jun 22,2025 at 11:42am
Understanding Price Fluctuation Entropy in Cryptocurrency ContractsIn the world of cryptocurrency futures trading, price fluctuation entropy is a relatively new concept used to measure market volatility and uncertainty. It derives from information theory, where entropy refers to the degree of randomness or unpredictability in a system. In crypto contrac...
How to use the volume swing indicator to predict the contract volume-price divergence?
Jun 18,2025 at 11:42pm
Understanding the Volume Swing IndicatorThe volume swing indicator is a technical analysis tool used primarily in cryptocurrency trading to evaluate changes in volume over time. Unlike price-based indicators, this metric focuses solely on trading volume, which can provide early signals about potential market reversals or continuations. The key idea behi...
How to identify the contract value range in combination with the market profile?
Jul 02,2025 at 10:56pm
Understanding the Market ProfileTo effectively identify the contract value range in combination with the market profile, it's essential to first understand what each concept entails. The market profile is a framework that helps traders visualize how price and time interact across a given period, typically a trading day or session. It provides insights i...
How to use the price slope to filter the false breakthrough signal of the contract?
Jun 20,2025 at 06:56pm
Understanding the Concept of Price Slope in Contract TradingIn contract trading, especially within cryptocurrency derivatives markets, price slope refers to the rate at which the price changes over a specific time period. It helps traders assess the strength and sustainability of a trend. A steep slope may indicate strong momentum, while a shallow slope...
How to determine the expected volatility of the contract through the volatility cone?
Jun 19,2025 at 12:28pm
Understanding the Basics of Volatility in Cryptocurrency ContractsIn the realm of cryptocurrency trading, volatility is a key metric that traders use to assess potential risk and reward. When dealing with futures contracts, understanding how volatile an asset might become over time is crucial for position sizing, risk management, and strategy developmen...
How to formulate a contract intraday trading plan in combination with the pivot point system?
Jun 21,2025 at 03:42pm
Understanding the Basics of Pivot Points in Cryptocurrency TradingPivot points are technical analysis tools used by traders to identify potential support and resistance levels. These levels are calculated using the previous day's high, low, and closing prices. In the context of cryptocurrency trading, where markets operate 24/7, pivot points help trader...
How to adjust the contract position ratio through the price fluctuation entropy?
Jun 22,2025 at 11:42am
Understanding Price Fluctuation Entropy in Cryptocurrency ContractsIn the world of cryptocurrency futures trading, price fluctuation entropy is a relatively new concept used to measure market volatility and uncertainty. It derives from information theory, where entropy refers to the degree of randomness or unpredictability in a system. In crypto contrac...
How to use the volume swing indicator to predict the contract volume-price divergence?
Jun 18,2025 at 11:42pm
Understanding the Volume Swing IndicatorThe volume swing indicator is a technical analysis tool used primarily in cryptocurrency trading to evaluate changes in volume over time. Unlike price-based indicators, this metric focuses solely on trading volume, which can provide early signals about potential market reversals or continuations. The key idea behi...
See all articles
