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On August 16, the Russian Ministry of Defense announced that its air defense systems intercepted and destroyed 822 Ukrainian drones over Russian airspace overnight. The Ministry stated, "Overnight, on-duty air defense systems intercepted and destroyed 822 Ukrainian fixed-wing drones over the Belgorod, Bryansk, Vladimir, Volgograd, Voronezh, Kaluga, Kursk, Lipetsk, Nizhny Novgorod, Oryol, Rostov, Ryazan, Tambov, Tula, Moscow region, Krasnodar Krai, Crimea, the Black Sea, and the Sea of Azov."A NATO military spokesperson said the drone shot down in Romanian airspace appears to be Russian.On August 16th, Sophie Huynh, Portfolio Manager and Strategist at BNP Paribas Asset Management, stated that Europe is more likely to be a beneficiary of AI than a developer, with the automotive industry being one of the beneficiaries. Currently, European automotive stocks are so cheap that almost no one is really considering their upside potential. The key is understanding when the market will start talking about this, as it may take a year or two of holding these deep value sectors before the market consensus realizes it truly works. Many positive news regarding US consumer spending has already been priced in by the market, so the momentum of the US economy is slowing, while Europe is just beginning to recover.August 16 - According to a report released by the Indonesian Meteorology, Climatology and Geophysics Agency, a 5.7-magnitude earthquake struck 81 kilometers northeast of Ruten Township, Manggarai Regency, East Nusa Tenggara Province, Indonesia, at 2:51 p.m. Central Time on August 16, with a focal depth of 10 kilometers.According to Irans Tasnim News Agency, the Iranian Revolutionary Guard stated that Qatar should allow an Iranian team of experts to investigate the missing pilots disappearance, rather than denying that the pilot had been detained.

Close a position

LEO

Oct 25, 2021 13:27

Close a position refers to a trader buys or sells a contract with the same quantity and symbol but the opposite direction of the contract.

Close a position is divided into close on current market price and close in limit order 


Close a position on current market price refers to traders Buy/Sell at the current market price.


Close in limit order refers to traders setting an estimated price to close a position.

Close in pending order includes take profit and stop loss.

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Take profit is a limit order. When the price fluctuates to a predetermined price, the profit reaches a certain level, the position will be closed automatically in time in your limit order. 


Stop loss means that when the price fluctuates to opposite direction, the loss of the holding order reaches a predetermined amount, the position will be closed in time to avoid larger loss. 

The purpose of stop loss is to limit the loss to a smaller range when investment errors occur. The stop loss is a limit order, when the price reaches your limit order, the stop loss order will be executed automatically.


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