How to close a position on a contract on Gate.io

To close a position on a contract on Gate.io, navigate to the Position Page, determine the order type, enter the order parameters, review and submit the order, track the order status, and manage open positions.

Nov 17, 2024 at 06:48 am

How to Close a Position on a Contract on Gate.ioStep 1: Navigate to the Position Page

Log in to your Gate.io account.
Hover your mouse over "Derivatives" in the top menu bar and select "All Contracts" from the dropdown menu.
On the "Contracts List" page, locate the contract you want to close a position on and click on it.
On the "Contract Details" page, scroll to the "Positions" section and select the position you want to close.

Step 2: Determine the Order Type

There are two main order types for closing a position: "Limit Order" and "Market Order."
Limit Order: Allows you to specify the price at which you want to close the position. Use a limit order if you want to control the execution price and prevent slippage.
Market Order: Closes the position at the prevailing market price. Use a market order if you want to execute the order quickly and do not care about the execution price.

Step 3: Enter the Order Parameters

For a Limit Order:
- Enter the desired price for the order.
- Enter the quantity of contracts you want to close.
- Set the order type as "Limit."
For a Market Order:
- Enter the quantity of contracts you want to close.
- Set the order type as "Market."

Step 4: Review and Submit the Order

Once you have entered all the necessary parameters, click on the "Create" button to submit the order.
Gate.io will display a confirmation dialog. Review the order details carefully before confirming.
Click on the "Confirm" button to submit the order.

Step 5: Tracking the Order Status

After submitting the order, you can track its status on the "Open Orders" page.
Limit orders may take some time to fill depending on market conditions. Market orders will be executed immediately at the prevailing market price.
Once the order is filled, the position will be closed and the resulting profit or loss will be reflected in your account balance.

Step 6: Manage Open Positions

To manage existing open positions, navigate to the "My Positions" tab on the "Contracts List" page.
Here, you can view all your open positions, including their entry price, size, and current market value.
You can also modify or close open positions directly from this page.

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.

Fear & Greed Index

Trade Now

Biggest Gainers

RAIN

$0.007852

113.00%

Trade Now
PIPPIN

$0.06097

51.96%

Trade Now
PARTI

$0.1396

42.04%

Trade Now
WAVES

$0.9141

41.69%

Trade Now
ARC

$0.04302

35.73%

Trade Now
HONEY

$0.01029

21.80%

Trade Now

Latest Crypto News

Exaverse Roars into the Roguelike Scene: A Dinosaur Adventure Awaits!
2026-02-05 00:30:01
SpaceX, Dogecoin, and the Moon Mission: A New Era of Crypto in Space
2026-02-05 04:05:02
Bitcoin Price Dips Below $74,000, Digital Asset Faces Key Test Amidst Shifting Market Dynamics
2026-02-05 04:05:02
Big Apple Bites: AI Forecasts Staggering Ethereum Price Record as Market Navigates Volatile Waters
2026-02-05 01:10:02
Unlock Your Edge: The Ultimate Guide to MEXC Referral Code, USDT Bonus, and Fee Discounts
2026-02-05 01:00:02
Navigating the New York Minute: Crypto Exchange Fees in 2026, Globally Unpacked
2026-02-05 01:05:02

Related knowledge

How to Manage Emotions and "Revenge Trading" in Futures?

Feb 05,2026 at 12:19am

Understanding Emotional Triggers in Futures Markets1. Market volatility directly impacts psychological states, often amplifying fear or euphoria based...

How to Use Volume Profile to Find Key Futures Entry Levels?

Feb 04,2026 at 11:39pm

Understanding Volume Profile Structure1. Volume Profile displays the distribution of traded volume at specific price levels over a defined time period...

How to Maximize Capital Efficiency Using Cross Margin Trading?

Feb 05,2026 at 12:40am

Cross Margin Trading Fundamentals1. Cross margin trading allows traders to use their entire account balance as collateral for open positions across mu...

How to Use Exponential Moving Averages (EMA) for Futures Trend Following?

Feb 05,2026 at 04:40am

Understanding EMA Mechanics in Futures Markets1. Exponential Moving Averages assign greater weight to recent price data, making them more responsive t...

How to Use TradingView Alerts to Execute Futures Trades Automatically?

Feb 04,2026 at 09:00pm

Setting Up TradingView Alerts for Futures Contracts1. Log into your TradingView account and open the chart of the desired futures instrument—such as B...

How to Use One-Way Mode vs. Hedge Mode in Futures Trading?

Feb 04,2026 at 06:19pm

Understanding One-Way Mode1. One-way mode establishes a single position direction per asset—either long or short—at any given time. 2. Traders cannot ...