Managing Active Trades
After opening a trade, you will be able to view it under Active trades. When you open a position, a live snapshot of the position is outlined below the candle chart.
Definitions:
Status – The status of the trade
Type – The type of trade
Date Opened – Date and time the order is placed (Local Time)
Token – The token used to trade with collateral
Position – The position taken along with the token the trade is set to
Opening Price – The opening price of the trade
Liquidation Price – The price in which a liquidation of the trade will occur
Side – The side of the trade – Long (Buy) or short (Sell)
Leverage – The leverage applied to the trade
Stop Loss – The price in which the trade will be closed if it comes to this price point (protected loss)
Take Profit – The price in which the trade will be closed if it comes to this price point for profit
Limit Price – The price in which the trade will be opened if it comes to this price point
Unrealized P&L – The current profit and loss against the trade
Action (Close) – Close the order
The amount of profit and loss you make will be proportional to your position size and the price relative to your order activation.
Closing a Position
You can close your position anytime by clicking on the ‘Close’ button underneath the action column on the far right of the Active Trades window. Following closure you will see a message indicating this and a message will be sent to the Matcher indicating the trade has been closed. Gas Fee: For each action the user needs enough rowan for gas which is quite low AND the minimum collateral token amount ex: 0.000001 USDC
Winning Trades profits
For long positions and short positions, profits are paid in the asset you are using as collateral
Forced Closure of a Position
A matcher can request a trade to close at any time during the lifecycle of the active trade. You will see a notification on the Active trading window when a trade closure is requested.
Note: The trader will also receive a memo against their trading transaction address which they can view on any Block Explorer such as mintscan.
