We currently offer two position modes in Flipster to cater for different trading styles and strategies: Multi-position Mode and One-way Mode.
Multi-Position Mode
Multi-Position Mode allows traders to open multiple orders for the same trading pair in different directions (long and short) simultaneously. This is useful for traders who want to:
- Diversify their trading strategies
- Manage multiple trades at different price levels
By using Multi-Position Mode, traders have greater flexibility in executing different trading strategies without the need to close their existing positions.
Example:
- A trader opens a long position of 2 BTC at 98,200 USDT
- The same trader anticipates a short-term dip and opens a short position of 1 BTC at 98,400 USDT
- Both positions exist simultaneously, allowing the trader to minimize market risk or take advantage of different price movements.
Note: Traders may open up to 10 positions and/or pending orders per symbol.
One-Way Mode
One-Way Mode is a position mode where a trader can only hold one position (either long or short) at any given time. If a trader wants to open a new position in the opposite direction, the existing position must be closed first.
Example:
- A trader opens a long position of 1 BTC
- If they attempt to open a short position of 2 BTC, the system will first close the existing long position before opening a new short position of 1 BTC (the remaining quantity).
Note: If users would like to switch from multi-position to one-way mode, all open positions and orders that the user is holding must be closed before the system allows a new position to be opened.
How to Switch Between Position Modes
Via App
Step 1: Tapping on any symbol will take you to the order screen.
Step 2: Tap the three-dot icon in the top right corner and select Position Modes.
Step 3: Choose "One-way mode" and then click "Confirm."
Via Web
Step 1: Tapping on any symbol will take you to the trading page.
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Step 2: At the bottom right corner, click on Trade Settings, then select Position Modes
Step 3: Choose "One-way mode" and then click "Confirm."
Important Notes
- In both Multi-Position and One-Way Mode, Traders can open new positions for a specific symbol until either the Notional Max Position Size or the Maximum Open Interest limit for that symbol is reached.
- For specific notional max position size and maximum open interest amount, please refer to Flipster’s Contracts page.
- For more information about Open Interest and notional max position size, please refer to the following:
Risk Warning:
Trading in cryptocurrency involves risk and potential losses. Before trading, please make your investment decisions cautiously by considering your investment objectives, experience, and risk tolerance. You are solely responsible for your investment decisions, and Flipster is not liable for any losses you may incur. Derivatives trading, in particular, is subject to high market risk and price volatility. Please obtain independent advice where appropriate. This information should not be construed as financial or investment advice.