How to close positions on Poloniex leverage

Begin by accessing the official Poloniex website and signing in to your account to initiate margin trading and manage your open positions.

Nov 26, 2024 at 01:36 am

Step 1: Navigate to the Poloniex Exchange

Begin by accessing the official Poloniex website at www.poloniex.com.
Sign in to your Poloniex account using your registered email address and password.

Step 2: Enter the Margin Trading Interface

Once logged in, hover over the "Markets" tab in the top menu bar.
Select "Margin Trading" from the dropdown menu.
You will be redirected to the margin trading dashboard.

Step 3: Identify Open Positions

On the margin trading dashboard, locate the "Open Positions" section.
This section displays a list of all your currently open leverage positions.
Each position includes information such as the asset, direction (long or short), quantity, entry price, and current market price.

Step 4: Choose a Position to Close

Identify the position you want to close from the list of open positions.
Note the asset, direction, and quantity of the position.

Step 5: Enter the Closing Details

Under the open position you selected, click on the "Close" button.
A dialogue box will appear where you can enter the closing details.

Step 6: Select Closing Type

In the dialogue box, choose a closing type:
- Market: Closes the position immediately at the current market price.
- Limit: Sets a specific price at which you want to close the position. The position will close only when the market price reaches that level.

Step 7: Specify Quantity and Price (Limit Orders Only)

If you choose the Limit closing type, you must specify the quantity you want to close and the limit price at which the order will trigger.

Step 8: Confirm Closing Order

Once you have entered the necessary details, review the order summary to ensure it is correct.
Click on the "Close Position" button to confirm the order.

Step 9: Monitor Order Status

The closing order will now be sent to the exchange for execution.
You can monitor the status of the order on the margin trading dashboard under the "Order History" section.
Once the order is filled, the position will be closed.

Additional Notes:

You can close partial positions by entering a quantity that is less than the total quantity of the open position.
When closing a long position, you are selling the asset to close your position.
When closing a short position, you are buying back the asset to close your position.
Leverage trading involves risk, so it is important to carefully consider your risk appetite and only trade with funds you can afford to lose.

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

NIGHT

$0.05013

28.50%

Trade Now
WLD

$0.5644

10.44%

Trade Now
SKY

$0.08862

6.16%

Trade Now
PYTH

$0.07879

4.35%

Trade Now
VVV

$27.56

4.14%

Trade Now
TIA

$0.4526

3.90%

Trade Now

Latest Crypto News

SlowMist Uncovers FlashLoopAdapter Flaw Draining Safe Wallets: A Wake-Up Call for DeFi Integrations
2026-10-03 08:50:01
Ethereum Layer-2 Faces Asset Move Deadline as Blast Announces Shutdown
2026-10-03 08:55:02
Ethereum Layer 2 Blast Shuts Down: Network Winds Down Amidst Unsustainable Economics
2026-10-03 08:45:01
SEC Unlocks Triple Threat: 3x Bitcoin, Ethereum, and Commodity ETPs Get the Green Light
2026-10-03 08:45:01
UK Finance Leaders Embrace Tokenization: Lloyds Survey Reveals Banking Transformation Ahead
2026-10-03 08:50:01
NEAR Intents Exploit Resolved: $3.8M Returned, Bolstering NEAR Ecosystem's Resilience and Growth Story
2026-10-03 08:35:02

Related knowledge

How to Transfer USDT From Bitget Spot to Futures to Prepare for Trading?

Oct 03,2026 at 01:00am

Understanding Bitget Account Structure1. Bitget separates user assets into distinct wallets: Spot Wallet, Futures Wallet, and Funding Wallet. 2. The S...

How to Use Bitget Spot Grid Trading to Buy and Sell Within a Defined Price Range?

Oct 02,2026 at 03:19am

Understanding Spot Grid Trading Mechanics1. Spot grid trading operates by placing a series of limit buy and sell orders at predefined price intervals ...

How to Check Whether a MEXC Futures Order Was Executed at the Trigger Price?

Oct 02,2026 at 01:20pm

Understanding Trigger Price Execution in MEXC Futures1. MEXC Futures supports conditional orders including stop-market, stop-limit, and trailing-stop ...

How to Place a MEXC Futures Close-Limit Order at a Specific Exit Price?

Oct 02,2026 at 05:40am

Understanding Close-Limit Orders on MEXC Futures1. A close-limit order is a type of conditional order used exclusively to exit an existing position at...

How to Use MEXC Limit Orders to Avoid Buying an Altcoin During a Price Spike?

Oct 02,2026 at 11:00am

Understanding Limit Orders on MEXC1. A limit order instructs the exchange to execute a trade only at a specified price or better, ensuring control ove...

How to Set a MEXC Futures Stop-Loss and Take-Profit in One Order?

Oct 01,2026 at 02:00pm

Understanding MEXC Futures Order Types1. MEXC supports conditional orders for perpetual and quarterly futures contracts, enabling traders to define pr...