Automatically close my position???

I don’t understand. Isn’t this a perpetual contract? Why did it automatically close my position for me?

I closed my position without even opening the page?

Hi Andy,

You set three sell orders at $2.08, so once the price reaches this price it will take profit on your long position.


But I didn’t. You can see that in those three days, the price reached around 2.08 many times, but no liquidation was triggered. This is because the position was passively liquidated after exactly three days.

You didn’t set any sell orders but the positon was sold anyway?

To be honest, I didn’t set a take-profit position. I just added a lot of margin and set a stop-loss position.

This may be due to setting a stop-market order. These can lead to slippage.

Market Order fills the best available offers immediately up to the specified quantity. Market orders execute instantly at the prevailing market rate, so they may lead to slippage when the price changes. To minimize the effects of price fluctuations, it is advisable to use limit orders instead.

Try using stop-limit orders instead.