A position that is close to liquidation is already a risk-management failure, but the next decision still matters. Kraken’s futures education guide lays out four broad choices when a position approaches its liquidation price: add margin, partially close, set a stop above the liquidation level, or close the trade and accept the controlled loss.
Adding margin can buy time, but it also increases the capital tied to a losing idea. It is most defensible when the original thesis is still valid and the trader is not simply trying to avoid admitting a loss.
Partially closing is often more practical because it immediately lowers exposure. For traders using isolated margin, reducing size can move liquidation farther away without committing more capital.
A stop above liquidation converts an unknown forced exit into a planned exit, though slippage can still occur. Closing immediately is the cleanest choice when the trade setup has failed. The important habit is to decide before the liquidation engine decides for you.
Sources: Kraken Learn near-liquidation guide; Kraken margin trading explainer; Kraken futures trading guide; Kraken Pro margin call and liquidation page.
Risk notice: Leveraged crypto contracts can liquidate quickly and may involve fees, slippage and funding costs. This article is educational and is not personalized trading advice.
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