# Opening Long and Short Positions

Learn how to open leveraged perpetual positions directly through the Dextrabot Telegram bot.

### Accessing the Trading Interface

From the main menu (after typing `/start`), you have two options:

* **🟢📈 Long**: Open a long position (betting the price will go up)
* **🔴📉 Short**: Open a short position (betting the price will go down)

Tap either button to begin the trading process.

<figure><img src="/files/avgjc9j5BZhij1jT34Y2" alt="" width="563"><figcaption></figcaption></figure>

### Selecting Your Token

After choosing Long or Short, you'll see a list of supported perpetual tokens with real-time price data:

<figure><img src="/files/hlKx3LGso6msm2ZUfvrg" alt="" width="563"><figcaption></figcaption></figure>

* **Token ticker** (e.g., $BTC, $ETH, $SOL)
* **Current price**
* **24-hour price change percentage**
* **Chart button**: Opens the token's trading terminal on the Dextrabot website

#### Navigating the Token List

* The list contains over 200 supported tokens across multiple pages
* Use **Last Page** and **Page 2 👉** buttons to navigate between pages
* Tap **🔄 Refresh** to update all token prices with current market data
* Tap the **token ticker** to proceed to the order screen

### Configuring Your Trade

Once you select a token, you'll see the order configuration screen with the following information and options:

<figure><img src="/files/WhgIVcykJxwGJUCvAJN8" alt="" width="563"><figcaption></figcaption></figure>

#### Account Information

* **Available Balance**: Your wallet's trading balance
* **Follower Wallet**: The wallet that will execute the trade (you can change this by tapping the dropdown)

#### Position Size

Choose your position value from preset amounts or enter a custom value:

* **Preset options**: $15, $100, $500, $1000, $2000
* **Custom amount**: Tap **LONG: 15 ✏️** or **SHORT: 15 ✏️** to enter a specific amount

#### Order Type

* **Limit Price**: Set a specific entry price
  * Default shows `$market` for immediate execution at current price
  * Tap to enter a custom limit price
* **Market Order**: Executes immediately at the best available price

#### Leverage

* Tap **Leverage: 20x** to adjust your leverage
* Maximum leverage available: 40x (shown in parentheses)
* Available leverage depends on the token

#### Margin Type

* **⚡ Cross**: Uses your entire account balance as collateral
* **🔒 Isolated**: Limits risk to only the margin allocated to this position

Tap to toggle between margin types.

#### Take Profit and Stop Loss

Set automatic exit points to manage risk and lock in profits:

* **Price TP: --%**: Set your take profit target price
* **Price SL: --%**: Set your stop loss price

Tap either field to enter percentage-based or price-based targets.

### Confirming Your Order

After configuring all parameters, a summary will appear at the top:

<figure><img src="/files/40CHyS2hpuVeCwNpNp3U" alt="" width="563"><figcaption></figcaption></figure>

* **Current token price**
* **Leverage**: e.g., 20x (Cross)
* **Max Long/Short Size**: Maximum position size available
* **Trader Wallet**: The source wallet being used

#### Order Preview

When you tap a position size button, you'll see an order preview showing:

* **Order Preview**: Position type and token (e.g., "20x LONG BTC")
* **Order Value**: Total position value and margin required
* **Order Size**: Amount of the token being traded
* **Liquidation Price**: The price at which your position will be liquidated

#### Final Confirmation

Review the order details carefully, then tap **✅ Confirm Open** to execute the trade.

### After Opening a Position

Once your order is confirmed:

* Your position will be opened immediately (for market orders) or when the price reaches your limit (for limit orders)
* You can track and manage your open positions by going to **📊 My Positions** from the main menu
* All position details including PnL, entry price, and liquidation price will be visible there

### Important Trading Notes

> ⚠️ **Risk Warning**: Leveraged trading involves significant risk. You can lose more than your initial margin, especially with high leverage. Always use stop losses and trade responsibly.


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