Close Position with ‘lc’ and ‘mc’

To close a position faster, Bitwise Terminal 2.2.0 introduces two new commands— lc (limit close) and mc (market close).

lc takes a <price> argument. It creates a limit order at the given price to sell off an entire long position or buy back an entire short position.

mc expects no arguments and closes the selected position at market price.

These commands can only execute up to the full size of your position. They are not merely shorter forms of lo (limit order) and mo (market order). The close order they create will also cancel other open limit orders with the same side if the open order size exceeds the current position.

Alternatively, you may close a position from the “open positions” panel. A confirmation window will pop up when you click the “Close” button.

Be warned that no confirmation is requested by the command line interface. Before you run either lc or mc, please double check that the right contract is selected.