How to open long and short positions at the same time

Guide to Dual-Sided Positioning (Long and Short Hedging)

Dual-sided positioning, also known as long and short hedging, allows traders to simultaneously open long (buy) and short (sell) positions on futures or contract trading to flexibly respond to market fluctuations.

Applicable Scenarios

1. Locking in Profits: Open a reverse position to safeguard existing profits against adverse market movements.
2. Risk Hedging: Mitigate potential losses caused by significant market volatility.
3. Arbitrage Trading: Exploit price fluctuations to maximize profits from price differences.

Steps to Get Started

Selecting a Contract

1. Log in to the trading platform （BiFinance)
2. Ensure your trading account has sufficient margin balance.
3. Choose the contract you want to apply dual-sided positioning to, such as the BTC/USDT contract.

Web Platform Instructions

Step 1: Open a Long Position

1. In the trading interface, select "Open Long" 
2. Set the order quantity and leverage 
3. Confirm the trade. Your long position will now appear under " Positions".

Step 2: Open a Short Position

1. Similarly, in the trading interface, select "Open Short" 
2. Set the order quantity and leverage 
3. Confirm the trade. Your short position will now appear under "Positions".

Step 3: Adjust Positions After Execution

1. Review your open long and short positions in " Positions".
2. Adjust position sizes as needed based on market conditions or set stop-loss and take-profit levels to manage risks.

APP:

Step 1: Open a Long Position

1. In the trading interface, select "Open Long" 
2. Set the order quantity and leverage 
3. Confirm the trade. Your long position will now appear under " Positions".

Step 2: Open a Short Position

1. Similarly, in the trading interface, select "Open Short" 
2. Set the order quantity and leverage 
3. Confirm the trade. Your short position will now appear under "Positions".

Step 3: Adjust Positions After Execution

1. Review your open long and short positions in " Positions".
2. Adjust position sizes as needed based on market conditions or set stop-loss and take-profit levels to manage risks.

Key Considerations

1. Margin Requirements: Dual-sided positions consume more margin. Ensure your account balance is adequate to avoid liquidation.
2. Trading Costs: Since dual-sided positioning involves multiple trades, fees are higher and more suitable for experienced traders.