Open Position
A trade that has been entered and not yet closed.
Quick answer
An open position is a trade that is entered and not yet closed.
Definition
An open position is a trade you have entered that has not yet been closed. It carries live exposure to price and floating profit or loss until you exit. Every trade spends its life as an open position, and managing it is where risk decisions are made.
How It Works
- It carries live price exposure
- Profit or loss floats until you close it
- You manage it with stops and targets
Trading Tips
1
Know your risk on every open position
2
Set your invalidation before you enter
3
Review open positions against your plan, not emotion
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