How to Quickly Open and Close Positions on WEEX: A Step-by-Step Guide

By: WEEX|2025/03/03 09:38:15
WEEX Support

On WEEX, one of the most powerful features is the ability to quickly open and close positions at market price. Whether you're an experienced trader or just getting started, this functionality enables you to react swiftly to market conditions and execute trades with ease. In this article, we’ll walk you through how to open and close positions quickly and efficiently.

What Does “Quickly Open and Close Positions” Mean?

When you open or close a position at market price on WEEX, the system will immediately place an order at the most easily traded price available. This means that the system will aim to get your order filled as quickly as possible, based on current market conditions.

Steps to Quickly Open and Close Positions

  1. Set the Quantity (Number of Contracts)
    The first step to opening or closing a position is to set the quantity (the number of contracts) for your position. This is how much you want to buy or sell at market price.
  2. Place Your Order at Market Price
    Once you've set the quantity, you can execute your order at market price. The system will automatically place your order at the best available price, ensuring that you are able to act fast and enter or exit the market without delay.
  3. Trailing Mechanism for Unfilled Orders
    If your order isn’t fully executed or if it’s not filled immediately, WEEX uses a trailing mechanism. This means the system will continue attempting to execute the order by placing it at an easier-to-execute price at regular intervals.
  4. Termination of Orders After Multiple Attempts
    In cases where your order cannot be fully executed after several attempts, the system will terminate the order. This ensures that you’re not left with partially executed positions and keeps the trading process as smooth as possible.

Important Things to Know

  • Multiple Transaction Records
    When you open or close a position at market price, multiple transactions may appear in your transaction history with different prices. This is because the system might execute your order in several parts, each at a slightly different price point.
  • Unexecuted Orders
    It's also possible that your order won’t be fully executed after multiple attempts. If this happens, the system will terminate the transaction to avoid leaving you with an unfilled position.
  • Liquidation Protection
    If the reasonable mark price reaches the estimated liquidation price of your position, the system will prioritize the liquidation process. The liquidation bot will be activated first, ensuring that your position is managed efficiently and securely.

Why Quick Positioning Is Important?

In volatile markets, the ability to quickly open and close positions can be a game-changer. By using WEEX’s market price functionality, you can:

  • React Instantly to Market Movements: Execute trades fast when you spot a trading opportunity or need to cut losses.
  • Save Time on Execution: Skip the waiting game and avoid missing out on market opportunities.
  • Reduce Slippage: When market conditions are fast-moving, quickly opening or closing positions can reduce slippage and ensure you get a better price.

Conclusion

The ability to quickly open and close positions at market price is an essential feature on WEEX. By following these simple steps, you can easily execute trades and react to market conditions without delay. Remember, if your order isn’t fully executed, the system will use its trailing mechanism to retry the order, ensuring you don’t miss your opportunity.

Stay ahead in the market with WEEX, where fast and efficient trading is at your fingertips.

For more tips and updates, always check the WEEX platform for the latest features and news!

You may also like

News thumbnail

USDT vs. USDC: Which Stablecoin Is Better for Trading?

USDT vs. USDC: Which stablecoin is right for you? Compare Tether and USD Coin on liquidity, regulation, and blockchain support to make the best choice for your trading needs.

WEEX|2025/07/17 16:06:44
News thumbnail

Jito (JTO) Price Prediction & Forecasts 2025: Will Jito Rally Past $8.50 Next?

Expert Jito (JTO) price prediction for 2025. Analyze JTO's Solana ecosystem role, regulatory news, and long-term forecast. Will Jito rally past $8.50? Get your JTO forecast.

WEEX|2025/07/17 09:48:36
SpaceDoge (SPDG) Meme Coin Set to Launch on WEEX Spot with SPDG USDT Pair

SpaceDoge (SPDG) Meme Coin Set to Launch on WEEX Spot with SPDG USDT Pair

SpaceDoge (SPDG), a community-driven Ethereum meme token, is coming soon to WEEX with the SPDG USDT trading pair. Built for fairness and long-term engagement, SPDG aims to bring decentralized fun and loyalty to Web3 culture.

WEEX|2025/07/17 09:34:39
News thumbnail

What is USDC.e? Bridged vs. Native USDC and How to Swap

Discover what USDC.e means and how it differs from native USDC. This guide covers the USDC.e vs. USDC comparison, price, security, and how to buy or swap it on DEXs and exchanges.

WEEX|2025/07/17 06:25:00
News thumbnail

ANI Coin Explodes 5000%: Elon Musk's Grok AI Companion Token Hits $68M Market Cap

ANI coin surges 171.94% to $0.06798 with $104M daily volume. Elon Musk's Grok AI companion token analysis, price predictions $0.10-0.30, exchange listings, and trading strategies for 2025.

WEEX|2025/07/17 06:26:19
Share
copy

Gainers

Community
iconiconiconiconiconiconiconicon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MM[email protected]

VIP Services[email protected]