2nd position definition

2nd position. - shall mean the possibility of concluding another transaction on the same instrument, provided that the total risk in both open positions does not exceed the maximum permitted limit of 1.5% risk and the risk on the newly opened position also does not exceed 1.5% (this means that the Loss Stop order on the first position must be moved as a minimum to the entry level or it must be a Stop Profit order).
View Source

Related to 2nd position

  • Shielded position means the location within the radiographic exposure device or storage container which, by manufacturer's design, is the proper location for storage of the sealed source.

  • Closed Position means the opposite of an Open Position.

  • Queue Position means the priority assigned to an Interconnection Request, a Completed Application, or an Upgrade Request pursuant to applicable provisions of Tariff, Part VI.

  • Cash Position means the Company’s level of cash and cash equivalents.

  • Matched Positions means Long and Short Positions of the same Transaction Size opened on the Trading Account for the same Instrument.