# Manage Open Positions

When an [order ](https://help.margex.com/help-center/leverage-trading-guide/orders-positions/order-types)is executed on the market, a corresponding **position** is being opened according to the set parameters. We've prepared a short video guide on how to open a position using different parameters and orders on Margex:

{% embed url="<https://www.youtube.com/watch?v=F-MPVmYGAbQ>" %}

All Open positions are reflected in the ‘Open Positions’ section of the [Trade](https://margex.com/app/trade) page:

<figure><img src="https://163304092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FM0u2JKWHQTXEH82Px1eQ%2Fuploads%2FLGkTCE5IzDzhEB6IaKs7%2FManage%20open%20positions.png?alt=media&#x26;token=87f88fc5-5164-4922-8edd-289012624f1d" alt=""><figcaption></figcaption></figure>

Here you can control and manage all of your open positions - review the current stats of your open trades, add/edit Stop Loss or Take Profit, as well as close positions.

## **How to close a position. Full and Partial close.**

To close a position, navigate to the [orders and positions module](https://help.margex.com/help-center/trade-interface#orders-and-positions-management-section) and click '**Market**' or '**Limit**' button to close a position using a corresponding method.

Your position will be closed either instantly with a [market order](https://help.margex.com/help-center/leverage-trading-guide/order-types#market-order) or by a limit order (i.e [take profit](https://help.margex.com/help-center/leverage-trading-guide/order-types#stop-loss-and-take-profit)):&#x20;

<figure><img src="https://163304092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FM0u2JKWHQTXEH82Px1eQ%2Fuploads%2F06aEzvsFVyiKABUf5fBH%2FManage%20open%20positions_close.png?alt=media&#x26;token=59d40471-6d5a-4eeb-a283-48e5d4603fd6" alt=""><figcaption></figcaption></figure>

In the position closure confirmation window, you can select to close your position fully (100%) or partially (from 1 to 99%):

* **FULL** position close - this will result in the trade being closed entirely and PnL being settled accordingly:

<figure><img src="https://163304092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FM0u2JKWHQTXEH82Px1eQ%2Fuploads%2FpRiJfnXP7s2f1QSTH8JF%2FFull%20Close.png?alt=media&#x26;token=2aec771b-8ef0-4e95-9144-f15e2acb6d68" alt=""><figcaption></figcaption></figure>

* **PARTIAL** position close - close 1% to 99% of your position (for example if your trade size is $100 then closing 40% of your position will result in the size of your position being reduced by $40 and the profit/loss for this portion of the trade will be settled. The remaining 60% ($60) of the trade will  be active and will continue to generate PnL:

<figure><img src="https://163304092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FM0u2JKWHQTXEH82Px1eQ%2Fuploads%2F99vQTWZ2rO4vz5MAPg9k%2FPartial%20Close.png?alt=media&#x26;token=b8fe566a-7fe6-4394-9090-58ff8e44e0be" alt=""><figcaption></figcaption></figure>

When managing active orders, it is also possible to set up Take Profit and Stop Loss orders to automatically close a position fully or partially.

## **How to add Stop Loss and/or Take Profit to open positions**

{% embed url="<https://www.youtube.com/watch?v=uA9NxkG_OLE>" %}

[Stop Loss and Take Profit](https://help.margex.com/help-center/leverage-trading-guide/order-types#stop-loss-and-take-profit) (SL and TP) orders can be placed from the ‘Open Positions’ section of the [Trade](https://margex.com/app/trade) page by clicking the corresponding field in the **TP/SL** column:

<figure><img src="https://163304092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FM0u2JKWHQTXEH82Px1eQ%2Fuploads%2Fd5PdmPZiuns1SzwFp7fQ%2FSL-TP.png?alt=media&#x26;token=7bfae514-1d69-4aa2-bcea-ae8204c3f6f7" alt=""><figcaption></figcaption></figure>

Now you simply need to select your TP or SL parameters:

* select the portion of the trade to apply the TP or SL to - [ENTIRE](#how-to-close-a-position.-full-and-partial-close) position or [PARTIAL](#how-to-close-a-position.-full-and-partial-close) position
* select the exact portion (quantity) of the trade to be closed via TP or SL (for PARTIAL Position closure only)
* select your desired TP or SL trigger Price$ and ROE%
* click "Confirm" to confirm your TP or SL

<figure><img src="https://163304092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FM0u2JKWHQTXEH82Px1eQ%2Fuploads%2F0O4fiuAPdEEiyNhLUR5K%2FPartial%20TP%20SL.png?alt=media&#x26;token=ec899fda-9762-40a4-b23c-021deae2f09f" alt=""><figcaption></figcaption></figure>

**Take Profit (TP)** protection orders are [limit orders](https://help.margex.com/help-center/leverage-trading-guide/order-types#limit-order) and will be executed accordingly. **Stop Loss** (SL) protection orders are [market orders](https://help.margex.com/help-center/leverage-trading-guide/order-types#market-order) and will be executed accordingly.

## **How to add/remove margin to a position**

Adding or removing margin to/from a position lets traders reduce or increase the amount of their personal margin in a trade (essentially, decreasing or increasing their leverage accordingly).

This feature acts as an additional risk-management tool, allowing traders to employ a wider array of trading strategies by providing more flexibility and control over their trades.

To **increase** or **decrease** the leverage of a position:

1. Click on the Margin value of a position reflected in the ‘Margin’ column of the ‘Open Positions’ section:

<figure><img src="https://163304092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FM0u2JKWHQTXEH82Px1eQ%2Fuploads%2FEgxqAiPBiud5ENilDjgC%2FManage%20open%20positions_margin.png?alt=media&#x26;token=88217098-0971-40d2-8ee4-0b2ad987af30" alt=""><figcaption></figcaption></figure>

2. In the leverage adjustment window, select the leverage that you want to set and review the changes that will be made to the position:<br>

<figure><img src="https://163304092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FM0u2JKWHQTXEH82Px1eQ%2Fuploads%2FXE2ctZROipqG2FN9Ht96%2FAdjust%20Margin.png?alt=media&#x26;token=c08fbe05-d95c-4e5f-8c7d-816310076142" alt=""><figcaption></figcaption></figure>

3. Click ‘Confirm’ to change your leverage

It is important to keep in mind that changing the leverage of a position will also directly affect the [Estimated liquidation price](https://help.margex.com/help-center/how-leverage-works/liquidation#isolated-margin-liquidation) of an isolated margin trade.