You will want to place Exit order for a contract for many
reasons:
Use it to protect yourself if the market goes south
(if you are long) or north (if you are short). Then when you are ready
to exit the contract you can cancel the exit order and place a new
one.
Use it to exit an contract you have profited from, the
contract does not fit your trading practices, the potential for the
contract is not what you want, you feel the value will not go where
you want it to, etc.
To start the ball rolling in exiting an order select the money
bag from the main menu.
Exit a Contract
This will bring you a list of orders you are currently
entered into. Select the contract you want to exit by clicking "Exit
Position" that corresponds to your contract.
Open Orders
Select which position you would like to exit.
Short 2 CN1
Contracts.
Current Price*
Entry Price
Profit or Loss
Margin/Maintenance
191.25
201.75
1050
2130 / 800
The Mock Trading Engine will then ask you a couple of
questions to correctly exit your order.
