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How to Close a Position

How to Close a Position

Here we have two options:

  • Sell a position: allows you to select the amount of the position you want to liquidate.
  • Close a position: automatically generates a sell order for the total position.

Click on the three vertical dots (from Portfolio -> Positions), you will see the options to sell or close:

IBKR Close or Sell

  1. Click on Sell, select the number of shares you want to sell. Here you are generating an order, so you have the same types: limit, market, midprice, etc. In this example the order is a limit type.
  2. Then click on “Sell Order”.

IBKR Sell Order

You will see the following, now you are waiting for someone willing to buy at $189.44:

IBKR Sell Order part 2

Once the sell order is completed, you will see the following in Trading -> Orders and Transactions -> Trades.

Note: Only for this example, have changed the limit order to 189.29$, to find quicker a buyer

IBKR Trading sell order