How to use Stop Market : realization of profits and position switching

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The Stop Market will be achieved at the market price specified in advance to the market price.

How to use Stop Market : realization of profits and position switching

ex) when you have a 10 BTC buy(long) position at 11800 price, you want to liquidate (realize profit) at 12000 and have a new 5 BTC sell(short) position at the same time.

1) In the stop market, enter 12000 for the short selling price.

2) Enter 15 BTC in Order Quantity

3) Reduce Only is off.

CAUTION! Only when Reduce Only is turned off will it be switched to a sell(short) position of 5 BTC at the same time as liquidation (realization of profits) for 10BTC.

The Reduce Only function is a function that prevents you from catching more quantity in the position you are holding, so you must release it.

4) Click Stop short

*Caution : Up to 10 stop market orders are allowed according to the Binance Futures Trading Rules.

• https://www.binance.com/en/futures/trading-rules/perpetual

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