Open Position

An open position occurs when you have entered into either a long or short trade and have not yet exited. After you establish a long position, you have an open long position until you liquidate all long shares or contracts. Likewise, you have an open short position until you close out the position. A buy or sell order is logged to the TradeManager - Positions tab when your strategy triggers a buy or sell order and that order is filled (until the order is filled, it is considered an active order).