Hey great article. I’ve been dabbling with margin for the past few months and just getting serious just this week. Question, say I take a short position on a coin, and I want to close my position once I get x amount of profit. Instead of waiting/watching the market, how do I set it to automatically close at x amount? I don’t want to do a stop-limit buy, just a simple stop buy (close entire position). Is it as easy as placing just a “buy order”? Reason I’m asking is because I read that if I switch from a short position to a long position and it gets filled, Poloniex said that it will just switch my position to long, instead of just closing my position.
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Very good question.
I haven't tried these things on Polo. But I would think that placing buy order would just open long position and wouldn't close your short. And if there wouldn't be enough collateral left, you couldn't even open another position.
Anyway better to test out with small amount of coins.