How to properly exit the deal Spot + Futures

We have prepared each lesson in text and video format. They are available to our clients.

In this lesson, I will look at 2 examples of how to close deals correctly.

1. DOGE 

I entered this deal using the Futures - Futures strategy. We open short (sell) where it is more expensive, open long (buy) where it is cheaper. 

A short position was open on HTX:

A long position was open on Bybit:

We can use 2 options to close a position:

1. Limit order — an order is placed at the price you need. If you have a long position open, then your order to close will be in the red part of the order book close about warrants in green parts glasses.
   With a short position, the opposite is true.

2. Closing by market (Market) - your entire position will be closed according to existing orders in the order book. This is significantly less profitable, especially for large positions. Moreover, by selling into the “market” you also pay more commission to the exchange. Then, if they placed limit orders. The main advantage here is speed.