> For the complete documentation index, see [llms.txt](https://hyperpnl.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hyperpnl.gitbook.io/docs/trading/positions.md).

# Positions

A position represents your active exposure in a market.

When you place an order that gets executed, a position is opened.\
Your position remains open until it is fully closed.

You can increase, reduce, or partially close a position at any time.

### <mark style="color:$warning;">**Cross Margin**</mark>

All positions use **cross margin**.

This means:

* Your positions share the same account balance and equity
* Profit and loss from one position affects your overall account equity
* Risk limits are evaluated at the account level, not per position

There is no isolated margin per trade.

### <mark style="color:$warning;">**Hedging Rules**</mark>

Hedging the **same asset** is not allowed.

You cannot hold both a long and a short position on the same market at the same time.

If you attempt to open an opposite-side position, it will reduce or close your existing position instead.