Today we will take a closer look at an often overlooked feature called ‘Position Top-up’. Put shortly, it lets traders use the balance to keep their positions open, even if it goes below the −95% payout.
Why use it?
Keeping the lossmaking position does not sound like a wise decision, or does it? Imagine opening a position that, instead of generating payout, starts eating out your funds. Without position top-up the trade will automatically close when you lose 95% of the invested amount.
With the feature available there is not one but two ways to address the issue: close the position and lose money guaranteed OR invest additional funds and wait for a trend reversal, getting a chance to manage your losses.
When to use?
Timing and intuition are crucial when using the feature. In order to use position top-up, the trader has to be sure that the trend reversal is just around the corner. Otherwise he will lose even more. Choosing the right moment to activate the feature is also important.
How to apply?
In order to activate the feature, when your deal starts to get closer to the “−95%” threshold, click on the ‘Auto Closing’ section on the right side of the screen, check the “Use balance to keep position open” box and specify the new amount of loss you are ready to incur. Note that without the ‘position top-up’ feature this value cannot exceed −95%. When the feature is active, however, you can enter virtually any amount. Watch out, as if you leave the ‘When loss is…’ field empty, your entire account might be at risk!Try now
NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
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