> For the complete documentation index, see [llms.txt](https://countertrade.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://countertrade.gitbook.io/docs/trading/manage-positions.md).

# Manage positions

View your open positions and resting orders, reduce or close a position, cancel an order, and read your equity and PnL.

Every position and order you hold in a room lives in the terminal's bottom panel.

## Find your positions and orders

The bottom panel has seven tabs: **Positions**, **Open orders**, **Order history**, **Trade history**, **PnL**, **Leaderboard**, and **Rules**. Several tab titles show a count of the rows they hold.

* **Positions** — everything you currently hold, one row per symbol.
* **Open orders** — orders that are resting and haven't filled yet.

To narrow a tab to the symbol on your chart, tick the **BTC only** checkbox (it names whatever symbol is selected). It filters **Positions**, **Open orders**, and both history tabs.

## Read a position

Each **Positions** row shows its **Side** (long or short), margin **Mode**, **Size**, **Entry** price, current **Mark** price, and **Liq** — the price at which the position is liquidated. **uPnL** is the unrealized profit or loss on the position at the current mark; **ROE** is that as a return on the margin backing it. Both move with the market until you close.

The **Liq** price is where a single position is force-closed. That closes the position but leaves your account active and trading — see [Position liquidation](/docs/trading/liquidation.md).

## Reduce or close a position

You reduce or close a position by trading against it; there's no separate "sell" action for a position you already hold.

1. On the **Positions** tab, select **Close** on the row to close the whole position.
2. To close every position at once, select **Close all**.
3. To shrink a position instead of closing it, place an order in the opposite direction to the position and tick **Reduce only**, so the order can only reduce your size, never flip you to the other side. See [Place an order](/docs/trading/place-an-order.md).

**Close** and **Close all** ask before they send. The confirmation shows what closes and its estimated average price, and says when the book can't take the whole close — then only part closes and the rest stays open. Select **Close position** (or **Close all** with the count) to confirm, or **Keep open** to back out. See [Closing a position on a thin book](/docs/trading/how-orders-execute.md#closing-a-position-on-a-thin-book).

The **SL / TP** column shows any stop-loss and take-profit attached to the position. Use **Set** or **Edit** in that column to change them.

## Cancel an open order

A resting order hasn't filled yet, so cancelling it costs you nothing.

1. Open the **Open orders** tab.
2. Find the order by its **Symbol**, **Side**, **Price**, and **Status**.
3. Select **Cancel** on its row.

The row leaves the tab once the cancel goes through.

## Read your equity and PnL

The account summary and the **PnL** tab show your live account value:

* **Equity** — your account's current value, including unrealized PnL.
* **Available** — margin free to open new positions.
* **Used margin** — margin locked in your open positions.
* **Realized PnL** — profit or loss from positions you've already closed.
* **Unrealized PnL** — profit or loss on open positions at the current mark; it moves every tick.

These are all in paper USDT — the simulated balance you trade with in the room. It is not real money and cannot be withdrawn. For how PnL and ROI are calculated, see [PnL and ROI](/docs/trading/pnl-and-roi.md).

## Related

* [Place an order](/docs/trading/place-an-order.md)
* [PnL and ROI](/docs/trading/pnl-and-roi.md)
* [Position liquidation](/docs/trading/liquidation.md)