How to close a position on Bybit?

"On Bybit, closing a position involves exiting a trade to secure profits or limit losses, and can be done manually or through automated orders."

Jul 22, 2025 at 07:29 pm

Understanding Position Closure on Bybit

Closing a position on Bybit refers to the act of exiting an open trade, whether it's a long or short position in the futures or spot market. This process is essential for locking in profits or limiting losses. Traders must understand the mechanics behind position closure to execute it effectively. On Bybit, this can be done manually or through automated tools such as take-profit and stop-loss orders.

Manual Closure of Positions

To manually close a position on Bybit, you must first locate the open positions section on the trading interface. This is typically found under the "Positions" tab. Once there, you will see a list of all your active trades. Each entry will show the direction of the trade (long or short), the amount, and the current unrealized profit or loss.

To close a position:

• Click on the "Close" button next to the specific trade.
• A confirmation window will appear, allowing you to review the details of the trade.
• You can choose to close the entire position or a portion of it.
• Confirm the action to execute the trade.

This method gives you full control over when and how you exit your trades.

Using Take-Profit and Stop-Loss Orders

Bybit allows traders to set automatic take-profit and stop-loss orders to manage risk and secure gains without constant monitoring. These orders are attached to your open positions and trigger when the price reaches your specified level.

To set up these orders:

• While placing a new trade, navigate to the order form.
• Locate the "Take Profit / Stop Loss" section.
• Enter your desired price levels for both take-profit and stop-loss.
• Confirm and submit the order.

Once the market reaches these levels, the system will automatically close your position, either to secure profit or minimize losses.

Partial Position Closure

Sometimes, traders prefer to close only a part of their position rather than the entire trade. This strategy allows them to lock in some profits while keeping the remainder open for potential further gains. To perform a partial closure on Bybit:

• Go to the "Positions" tab.
• Select the position you want to adjust.
• Instead of closing the full amount, enter the quantity you wish to close.
• Click on the "Close" button to execute the partial closure.

This feature is especially useful for managing risk dynamically as market conditions change.

Closing Positions via the Trading Interface

In addition to the positions tab, you can also close trades directly from the trading chart or the order book. This method is particularly useful for quick execution when the market is moving rapidly.

To close a position from the trading interface:

• Navigate to the chart of the asset you're trading.
• Locate the active position on the chart or in the order panel.
• Click the "Close" option associated with that trade.
• Confirm the trade details and execute the closure.

This provides an alternative for traders who prefer to work within the charting tools rather than navigating through separate tabs.

Closing Positions on Mobile Devices

Bybit offers a mobile application that allows traders to manage their positions on the go. The process for closing a position on the mobile app is similar to the desktop version but optimized for touch interaction.

To close a position using the Bybit mobile app:

• Open the app and log in to your account.
• Navigate to the "Positions" section.
• Tap on the position you wish to close.
• Select the "Close" option.
• Confirm the action and review the executed trade in your history.

The mobile interface ensures that traders can react swiftly to market changes even when they’re not at their computers.

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Frequently Asked Questions

Q: Can I cancel a close order once it has been placed?

A: Once a close order is executed, it cannot be canceled. However, if the order is still pending (not yet filled), you can cancel it like any other open order on Bybit.

Q: Why can't I close my position on Bybit?

A: There could be several reasons, such as insufficient liquidity, network issues, or margin requirements not being met. Ensure that your account has enough margin and that the market is active for the asset you're trying to close.

Q: Does Bybit automatically close positions?

A: Yes, Bybit may automatically close positions if the liquidation price is reached due to insufficient margin. Additionally, traders can set conditional orders to close positions based on price triggers.

Q: What happens after I close a position on Bybit?

A: Once a position is closed, the profit or loss is immediately reflected in your account balance. The funds become available for withdrawal or for opening new trades.