Managing open positions

Reading PnL and ROE, moving exits, adding, closing part or all, and the alerts that help.

5 minLesson 5 of 52 questions at the end

Key ideas

1Open PnL is what you would gain or lose if you closed now, before closing fees. ROE is that as a percentage of your margin.
2You can change a position’s take profit and stop loss at any time, from Positions in Lance Trade or the position in the bot.
3Close all or part: the bot has Close 50% and Close all; Lance Trade closes at market and cancels the position’s TP and SL with it.
4Your bot warns you when a position nears liquidation, and tells you when a TP or SL fills.

Size and value: how much of the coin, and what it is worth now.
Entry price: your average price in.
Open PnL and ROE: what you would make or lose closing now, in dollars and as a share of your margin.
Liquidation price: where Hyperliquid would close it.
TP and SL: the exits waiting on Hyperliquid.

Worked example: Reading an open position, then closing itBTC at an example price

Open PnL is the price move alone. The fees to open and close, and a day of funding at Hyperliquid’s baseline rate, come off it to give the net PnL.

Move or add a take profit and stop loss at any time.
Add to it: the entry moves toward the new price, and so does the liquidation price.
Close part: in the bot, Close 50%.
Close all: in the bot or in Lance Trade. Closing at market cancels its TP and SL.

Watching only ROE. A big ROE at high leverage can still be a small move away from liquidation.
Adding to a position without checking the new liquidation price. Adding moves your average entry.
Leaving a position open without exits before stepping away.

Question 1 of 2

Your $1,000 position at 10x shows +$30 open PnL. What is the ROE?

Keys 1 to 3 pick an answer, Enter checks it

Positions, open orders and history in one place, with each position’s exits and liquidation price.