Hi, I have a few questions concerning Binance margin trading (for shorting). I have no problem with spot trading and get good results on long positions so I wanted to try shorting. Remember this is just a small test before getting real on short positions. So I tried to short RLC/USDT using Binance margin trading. I transferred 15$ from my spot account to isolated (x5) RLC margin account. I then borrowed 1.5 RLC for roughly 15 USDT using (auto) "borrow" with SELL button to short it. I adjusted my TP and SL using an OCO order and aimed my TP get me around 15.5$ from the borrowed RLC. The TP was hit, so I got my 15.5$ but then needed to repay the borrowed RLC. So what I did was put a long position on 1.5 RLC using (auto) "repay" with BUY button. I adjusted TP and SL accordingly and my TP was hit, so all good I presumed. But what happened is that I still had a little RLC to repay (I guess I didn't take into account fees or something like that ?). Note that I didn't "maxed out" the RLC amount when buying to repay, because it was a x5 isolated and didn't want to buy more then needed. You can see on the attached image that I still owed around -0.0021 RLC. I then saw the manual "repay" button, so clicked it and tried to repay, but had no more RLC to do so. Because I didn't want to be "in debt" (even for such a low amount), what I did was buying more RLC and then used that manual repay button. Questions are :
Thank you very much for your help [link] [comments] |
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