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On October 10th, at a recent political seminar in Israel, former Israel Defense Forces Deputy Chief of Staff Yair Golan stated that Israels killing of former Iranian Supreme Leader Ayatollah Khamenei "was a mistake and not in Israels interest." Golan said that there was originally a strategic balance when dealing with a senior, aging, and hardline leader, but after eliminating a large number of key figures, Israel has instead inherited a more extreme and violent camp. He believes that from a long-term strategic perspective, Israels situation has deteriorated, and the Netanyahu governments attempt to overthrow the Iranian regime has failed. The US and Israel launched a military operation against Iran on February 28th, resulting in the deaths of Khamenei and several senior Iranian political and military officials. In response, Iran attacked targets within Israel and several US military bases in the Middle East.Kremlin: In coordination with Iran, Russian President Vladimir Putin conveyed Iran’s views on a possible solution to the conflict to US President Donald Trump.Kremlin: Russian President Vladimir Putin expressed "understanding" of some of US President Donald Trumps proposals regarding easing tensions in Ukraine during the phone call.The U.S. National Hurricane Center reports that the risk of flash flooding remains due to the aftermath of Tropical Cyclone Isaias. Isaias is expected to weaken slowly today and dissipate by Sunday.According to Interfax news agency, the Russian Ministry of Defense stated that its troops have taken control of two settlements in the Kharkiv region of Ukraine.

Close a position

LEO

Oct 25, 2021 13:27

Close a position refers to a trader buys or sells a contract with the same quantity and symbol but the opposite direction of the contract.

Close a position is divided into close on current market price and close in limit order 


Close a position on current market price refers to traders Buy/Sell at the current market price.


Close in limit order refers to traders setting an estimated price to close a position.

Close in pending order includes take profit and stop loss.

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Take profit is a limit order. When the price fluctuates to a predetermined price, the profit reaches a certain level, the position will be closed automatically in time in your limit order. 


Stop loss means that when the price fluctuates to opposite direction, the loss of the holding order reaches a predetermined amount, the position will be closed in time to avoid larger loss. 

The purpose of stop loss is to limit the loss to a smaller range when investment errors occur. The stop loss is a limit order, when the price reaches your limit order, the stop loss order will be executed automatically.


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