# Opening a Position

## 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.

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### How to Open a Position

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

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

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### Choosing Long or Short

* **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.

{% hint style="success" %}
💡 Make sure your market outlook matches your position direction. Choosing incorrectly could result in losses.
{% endhint %}

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### Setting Leverage

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

* Higher leverage = Higher potential gains **and** higher risk.
* Lower leverage = More margin buffer and lower liquidation risk.

{% hint style="warning" %}
⚠️ **Higher leverage amplifies both gains and losses.**\
It also brings your liquidation price closer to your entry price.
{% endhint %}

{% hint style="success" %}
💡 Choosing lower leverage (like 2x–3x) may reduce the risk of quick liquidation during volatile markets.
{% endhint %}

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<details>

<summary>Example: Opening a Long Position</summary>

* 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.

</details>

***

### Managing an Open Position

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.

{% hint style="success" %}
💡 Staying above a margin level of 1.5 is recommended to stay in a low-risk zone.
{% endhint %}

***

## 🔗 Quick Access

* [Back to Portal Overview](/products/portal.md)
* [Understanding Margin & Liquidation](/products/portal/margin-and-liquidation.md)
* [Collateral Management](/products/portal/collateral-management.md)


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