Opening a trade is the easy part. What separates disciplined traders from lucky ones is what happens next: defining exits, protecting downside, and closing with intention. This guide covers every position management tool on Hyperbeat Trade.
Reading the Positions tab
Every open position appears in the Positions tab at the bottom of the trade screen. Here is what each column tells you:
- Market and direction: the asset, colored green for long and red for short, with your leverage.
- Size and Position Value: how big the position is, in the asset and in dollars.
- Entry Price: your average entry, weighted across fills.
- PNL (ROE %): your unrealized profit or loss, with return on equity in percent. ROE is measured against your margin, so it moves faster than the raw price change.
- Liq. Price: the price at which the position would be liquidated. Know this number.
- Margin: the collateral backing the position, marked Cross or Isolated.
- Funding: cumulative funding paid or received since the position opened.
Your entry price and liquidation price are also drawn as lines directly on the chart, so you can see them against the price action.
Take profit and stop loss: your exit plan
A take profit (TP) automatically closes your position when the price reaches a target in your favor. A stop loss (SL) automatically closes it when the price moves against you beyond a level you set. Together they define your trade before emotions get a vote.
There are two ways to set them:
- When opening a trade: flip the Take Profit / Stop Loss switch in the order form. Your TP and SL are attached to the order and go live the moment it fills.
- On an existing position: click the pencil in the TP/SL column of the Positions tab.
The TP/SL dialog is flexible:
- Enter a trigger price directly, or just type the gain or loss you want, in percent or dollars, and the price is calculated for you. Percentages are measured on your margin, so they account for leverage.
- By default, TP and SL apply to your entire position and execute as market orders when triggered.
- Configure Amount lets you apply them to only part of the position, for example taking profit on half and letting the rest run.
- The Limit Price option makes the triggered order a limit order instead of a market order, giving you price control at the cost of guaranteed execution.
One power feature worth knowing: TP and SL lines appear on the chart, and you can drag them to adjust the levels without opening any dialog.
Closing a position
The Close All column gives you three buttons per position, in order Limit, Market, and Reverse:
- Limit: opens a Limit Close dialog that places a reduce-only limit order to close at a price you choose, with a Mid button to start from the midpoint. Useful for exiting into strength rather than hitting the market.
- Market: closes immediately at the current price. The Market Close dialog includes a Close Amount slider that snaps to 25, 50, 75, or 100 percent, so you can trim part of the position instead of all of it. Partial closes are sent as reduce-only orders, which guarantees they can never flip you into the opposite direction.
- Reverse: closes your position and opens an equal one in the opposite direction in a single action, by sending a double-sized market order. This is an aggressive move for when your view has flipped completely; a confirmation dialog makes sure you mean it, and you can turn that confirmation off for next time.
Adjusting margin on isolated positions
If a position uses isolated margin, a pencil icon in the Margin column opens the Adjust Margin dialog. Adding margin moves your liquidation price further away; removing margin frees collateral but brings liquidation closer. A MAX button shows the limits in each direction, and the removable maximum stops short of your full margin because Hyperliquid keeps a safety cushion. On strict isolated markets you can add margin but not remove it.
Use this deliberately. Adding margin to defend a losing trade is one of the most common ways small losses become large ones. Decide in advance how much a trade is allowed to lose, and let the stop loss do its job.
Habits that keep you out of trouble
- Set the stop loss when you open the trade, not after it starts hurting.
- Place stops beyond your liquidation risk: your stop should always trigger well before your liquidation price.
- Consider partial take profits. Banking some profit at a first target while trailing the rest is easier psychologically and often better statistically than all-or-nothing exits.
- Check the Funding column on positions you hold for days. It quietly compounds.
- Review your Trade History tab weekly. Your actual fills, fees, and PnL tell you more about your trading than your memory does.
Keep learning
- Order types on Hyperbeat Trade
- Understanding liquidation and how to avoid it
- Risk management basics for new traders
Nothing in this article is financial advice.
