> For the complete documentation index, see [llms.txt](https://wiki-en-macos.tiger.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://wiki-en-macos.tiger.trade/features/how-to-trade/how-to-trade-in-chart/position-usds-m-futures.md).

# Position USDⓈ-M Futures

The position is allowed only for USDⓈ-M Futures. You cannot open a position on SPOT.&#x20;

#### 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!&#x20;

#### 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.&#x20;

#### Close position

To close a position, you can use X. The position will be closed by the market.&#x20;

<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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