Unilateral mode, that is, the buying and selling mode, in which the user only holds one-sided positions. Users can choose to buy long or sell short to place an order. In this mode, a contract trading pair only holds a position in one direction, therefore, the positions in different directions will cancel each other to achieve the effect of merging the positions.
Taking the BTCUSDT perpetual contract as an example, Xiao Ming holds 100 long positions and 20 short positions, of which 20 long positions and 20 short positions offset each other, that is, Xiao Ming finally holds 80 long positions.
When users switch between "Unilateral mode" and "Hedge mode", they need to check whether there are current positions or ordinary orders, conditional orders, trailing stop profit and stop loss, and other strategy orders. If the user currently has positions, orders, or conditional orders, the position mode cannot be switched. If the user does not have positions, orders, or conditional orders, the position mode can be switched.
After selecting the "Unilateral mode", it supports the function of "Cross margin merge", and "Reduce Only", but does not support the function of "isolated margin split", and "trailing stop".
When placing an order in the Unilateral mode, the user can choose to use "Reduce Only" function. "Reduce Only" means that when a user places an order in a reverse transaction (selling long positions and buying short positions), the number of open positions will only decrease and not increase until the number of open positions is reduced to zero.
Step 1: Switch position mode
Tap [Contract] on the home screen and click the [Trading Settings] button in the upper right corner of the page. Enter the setting page, select [Unilateral mode] in the [Order Mode]
Step 2: Place an order
Select [Buy], enter the price and quantity, and click the [Buy/Long] button to place an order. After the transaction, you can view the corresponding position in [Positions]. There is a corresponding "buy" label after the contract name, indicating that the direction of the position is long.
Step 3: Manage Positions
Select [Sell] for the same contract, enter the price and quantity, and click the [Sell/Short] button to sell. After the transaction, you can check in [Positions] that the number of corresponding positions has changed to -100, and there is a "Sell" label after the contract name, which means holding 100 short positions.