Closing a Trade on TonTrader

Closing a trade is one of the key stages in trading that determines the success or failure of a trading strategy. This process not only closes your position, but also determines the final financial result, allowing you to lock in a profit or loss.

In this article we will look at various ways to close a trade and offer recommendations that will help you make more informed decisions while trading.

Manual closing of a trade

In this case, you make the decision to close the trade yourself, based on your own analysis of the market situation and your trading strategy.

When to close Manually?

Achieving a Profit Target: If you wish to lock in a specific profit.

Changing Market Conditions: If the market shows signs of a price reversal in an unfavorable direction.

Changing Trading Strategy: If your original strategy is no longer relevant due to a change in the market situation.

Automatic trade closing

This method implements the process of closing trades using the Stop Loss and Take Profit tools. It allows you to set the conditions in advance under which the trade will be closed automatically, which makes the trading process more convenient and safe.

• Stop Loss: automatically closes the trade when a certain loss level is reached.

• Take Profit: closes the trade when the price reaches a pre-set profit level.

Liquidation of a trade

In case of insufficient funds to maintain an open position, the trade is automatically closed forcibly.

The liquidation level on TonTrader is 20%. This means that the trade will be automatically closed when the loss level on the trade reaches 80% of the capital invested in the trade. In this case, the trade will be closed at the first available price at the time of closing.

The liquidation level of the trade is not set by the trader independently. It is provided by the platform in order to prevent further losses and avoid a negative account balance.

Recommendations to avoid trade liquidation:

• Using leverage wisely: Use moderate leverage to reduce risks.

• Set Stop Loss: Use Stop Loss orders to automatically close losing positions before they are liquidated.

• Analyze market conditions: Monitor news and market changes to anticipate possible price fluctuations.

• Learn and practice: Study the market and practice to better understand the mechanics of trading.

• Review your strategy regularly: Analyze your trades and adjust your strategy as needed.

What to do after closing a trade?

View reports: Reports will help you track your progress and identify patterns.

Evaluate the result: Analyze whether the trade was profitable or unprofitable, and think about what you can improve in the future.

Set new goals: Based on the analysis of your trades, test new trading strategies to improve your efficiency.

Following these simple rules, you will be able to confidently manage your trades and gradually improve your trading results!