> For the complete documentation index, see [llms.txt](https://docs.moonlander.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.moonlander.trade/how-to-use/trading/trade-lifecycle/close-position.md).

# Close Position

Close your position at your desired price.

| Step                                                      | Description                                                                                                                                                                                                                                             |
| --------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| <ol><li>Receive the profit/remaining collateral</li></ol> | <p></p><p>All fees will be deducted from your collateral and sent to the MLP</p><p></p><p>You can only choose the token to receive the profit/remaining collateral in for Market Close Order</p><p></p><p>Slippage is fixed</p>                         |
| <ol start="2"><li>Pay Fees</li></ol>                      | <p></p><p>Close Fee, Execution Fee, and Holding Fee are charged when closing positions</p><p></p><p>Fees are deducted from your collateral before sending the profit/remaining collateral to your wallet</p><p></p><p>See Fees for more information</p> |