# Position USDⓈ-M Futures

The position is allowed only for USDⓈ-M Futures. You cannot open a position on SPOT. 

#### Open position

A position opens automatically once you place a market order or the current price reaches the price for a limit/stop market order! 

#### Edit position

You can modify position size by buying or selling an additional amount depending on the position direction (LONG / SHORT)

#### Set Stop Loss and Take Profit

Stop Loss and Take Profit is only available for an open position. if the price reaches SL/TP the system automatically closes the position and cancels SL/TP depending on what was triggered before. 

#### Close position

To close a position, you can use X. The position will be closed by the market. 

<figure><img src="https://files.gitbook.com/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F2AMWN4hUcspVAK3xgCTW%2Fuploads%2FPmND3huRGbNfky2rKrmq%2Fchart%20position.gif?alt=media&#x26;token=a79be346-4d81-48ef-980d-42b0dee9829b" alt=""><figcaption></figcaption></figure>


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