How to edit a position?

Here are the steps to edit a position in futures trading:

1. Log In to Your Account: If you haven't already, log in to your Ninjapay account.

2. Navigate to the Trade Section: Go to the 'Trade' section of your account.

3. Find the Positions Section: In the 'Trade' screen, scroll down to find the 'Positions' section.

4. Select the Position to Edit: In the 'Positions' section, find and select the open position that you wish to edit.

5. Edit Your Position: Once you've selected a position, you'll see several options to edit the position:

   • Close: This option allows you to manually close your position before the predetermined price is reached. It's used when you want to lock in your profits or minimize losses.

   • Stop Loss: This option allows you to set a specific price at which your position will be automatically closed to prevent further losses. It's used to manage risk.

   • Take Profit: This option allows you to set a specific price at which your position will be automatically closed to secure profits. It's used to automatically close the position when the asset reaches a certain price.

   • Reverse: This option allows you to switch the direction of your position. If your current position is a buy (long), it will change to a sell (short), and vice versa.

6. Confirm Your Changes: After making your desired changes, confirm them to update the position.

Effect of Increasing Margin on Liquidation Price When you increase the margin in your futures wallet, it can impact the liquidation price of your open positions. The liquidation price is the price at which your position will be automatically closed by the system to prevent further losses.

Increasing the margin generally increases the buffer you have before reaching the liquidation price. This means that the liquidation price will move further away from the market price, giving the position more room to move unfavorably before it's closed. The opposite happens when you decrease the futures margin.

However, please note that increasing the margin doesn't guarantee that your position won't be liquidated. If the market price reaches the liquidation price, your position will still be closed to prevent further losses. Always be aware of the risks involved in futures trading and manage your risk appropriately.