Opening a Position

Portal allows you to open leveraged positions — going long or short — directly from your self-custodial Ethereum wallet.

This page explains how to open, configure, and manage a new position.

Go to the Portal section in Loopring DeFi.
Select the Trade tab.
Choose the token you want to trade (e.g., BTC, ETH, SOL, DOGE, WIF, XRP, TRUMP).
Select Buy / Long or Sell / Short .
Adjust your leverage (up to 10x).
Enter the amount you wish to trade.
Review the margin level.
Confirm the transaction in your wallet.

Once confirmed, your position will appear under Positions on the Dashboard tab.

Long Position: You expect the token price to rise. You buy low, aiming to sell high later.
Short Position: You expect the token price to fall. You sell high first, aiming to buy back lower later.

💡 Make sure your market outlook matches your position direction. Choosing incorrectly could result in losses.

You can select leverage up to 10x on supported tokens.

⚠️ Higher leverage amplifies both gains and losses. It also brings your liquidation price closer to your entry price.

💡 Choosing lower leverage (like 2x–3x) may reduce the risk of quick liquidation during volatile markets.

Example: Opening a Long Position

You deposit 500 USDT as collateral.
You open a Long position on BTC using 3x leverage.
Your total exposure becomes 1,500 USDT worth of BTC.
If BTC rises 10%, your gains are magnified.
If BTC falls 10%, your losses are also magnified — and your margin level could approach liquidation if unmonitored.

After opening a position, you can:

Monitor your margin level and P&L (profit and loss) from the Dashboard tab.
Add collateral to strengthen your position.
Close your position manually at any time to realize profits or cut losses.

💡 Staying above a margin level of 1.5 is recommended to stay in a low-risk zone.

🔗 Quick Access

Last updated 3 months ago