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  • Welcome to Asagaia documentation!
  • 1xMM Project
    • Introduction
    • Mini-game
      • User Manual
        • Open a position
        • Reduce or Close a position
        • Position results
        • Profit and Loss computation
      • Bonuses
      • User Profile
      • Levels and Benefits
    • Perpetual Constant Maturity Option
    • API
      • 1XMM Token
        • Public Methods
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          • Write
        • Errors
      • 1xMM Pools
        • Public Methods
          • Read
    • The 1xMM Pool for 1XMM tokens
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  3. User Manual

Reduce or Close a position

PreviousOpen a positionNextPosition results

Last updated 22 days ago

To reduce a position, simply open a new position in the opposite direction of the existing position:

In the example above, the user has opened a long position on the BTC/USD pair with an amount of 20,000 1vMM and a leverage of 1x. To reduce the long position by 7,500 1vMM, we open a short position of 7,500 1vMM. The leverage is not relevant when reducing a position.

Users can also close an existing position directly by clicking on the "Close" button.