# Editing a position

## Editing a Position

Markets change fast. Cod3x lets you adapt without closing and reopening trades. \
Click the **three-dot menu** on any open position to launch the **Edit Position** panel and manage every key parameter in one place.

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### Core Edit Options

Inside the edit modal you can:

* **Add Stop Loss / Take Profit**\
  Add or update SL/TP orders at any time.
  * Use fixed price targets or percentage moves.
  * Helps lock in profits or cut losses automatically.
* **Add Collateral**\
  Deposit extra margin to strengthen the trade.
  * Increases liquidation buffer.
  * Reduces leverage on the remaining position.
* **Remove Collateral**\
  Withdraw margin to free up capital elsewhere.
  * Raises leverage on the current position.
  * Useful when you want to recycle idle funds but keep the trade alive.
* **Increase Position Size**\
  Add more exposure to the same trade.
  * Keeps the existing entry logic and stop/target structure.
  * Ideal for pyramiding into a move that’s going your way.
* **Reduce Position Size**\
  Take partial profits or reduce risk.
  * Close any percentage of the trade without closing it completely.
  * Leaves the rest of your collateral intact.
* **Close Position**\
  Exit and realize PnL.
  * One click to lock in gains or limit losses.

Each change triggers an on-chain confirmation so you can track every adjustment transparently.

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### Practical Tips

* **Dynamic Risk Management**\
  Start with a base position and add or remove collateral as the market proves or disproves your thesis.
* **Partial Scaling**\
  Combine “Increase” and “Reduce” to scale in and out of trades, fine-tuning exposure without starting over.
* **Efficiency First**\
  Editing avoids extra fees and slippage that can come from closing and reopening a trade.

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### Key Takeaway

The Edit Position panel is your control room for live trades.\
Whether you’re adding protection, adjusting leverage, or scaling position size, every action is immediate, precise, and recorded on-chain.


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