# Position Management

## Viewing Positions

Positions panel (below chart) shows all open positions:

| Column            | Description                                       |
| ----------------- | ------------------------------------------------- |
| Symbol            | Asset (BTC, ETH, etc.)                            |
| Size              | Position size (positive = long, negative = short) |
| Entry Price       | Average entry price                               |
| Mark Price        | Current market price                              |
| Liquidation Price | Liquidation trigger price                         |
| Unrealized PnL    | Current profit/loss (not closed)                  |
| Realized PnL      | Profit/loss from closed portions                  |

## Closing Positions

### Full Close

1. **Positions** tab → Find position
2. Click **Close Position**
3. Confirm

A market order is placed for full position size in opposite direction.

### Partial Close

1. Create order in opposite direction
2. Set size to amount you want to close
3. Enable **Reduce Only**
4. Submit order

**Reduce-Only:** Prevents accidentally flipping or increasing position. Only closes existing position.

## Vault Trading Restrictions

When trading with vault capital:

**Pre-trade checks:**

* Vault status must be ACTIVE
* Balance must be fresh (<10 min)
* Order size cannot exceed 80% of vault balance
* Deal deadline must not be expired

**Auto-pause conditions:**

* Max drawdown limit reached
* Daily drawdown limit reached

When paused:

* Can close positions (reduce-only)
* Cannot open new positions
* Cannot increase existing positions

## Related Pages

* [Placing Orders](/trading/placing-orders.md)
* [Risk Controls](/trading/risk-controls.md)
* [Vault Lifecycle](/funding-and-vaults/vault-lifecycle.md)


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