It is always important to manage your risk when trading, especially when you are trading with leverage.
WOO X provides several tools that can help manage your risk. Please see below to learn what they can do.
You can lock part of your assets in the vault.
Locking your assets can prevent accidental selling or control the collateral deduction if the account meets the liquidation level.
Please read ▶ Vault Guidelines for how to use the vault.
You can create up to 10 subaccounts for different trading modes, strategies, and risk exposures.
Please read articles in Subaccount to learn about how to create subaccounts, transfer funds between accounts, and switch accounts.
Positional take profit and stop loss (TP/SL):
You can set TP/SL to both long and short positions.
Using TP/SL in some or all of your position can prevent the account from reaching the liquidation level.
Please read ▶ What are Positional Take Profit and Stop Loss? to learn more about it.
※ Note: Users should be aware of the associated risks in the fluctuating market. WOO X is not responsible for any direct or indirect losses.