> For the complete documentation index, see [llms.txt](https://doc.ave.ai/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://doc.ave.ai/ave-ai-perp-dex/ave.ai-perpetual-trading-interface/position-and-order-management-trade-lifecycle-control.md).

# Position & Order Management: Trade Lifecycle Control

This section ensures traders maintain **full control after entering a trade**.

<figure><img src="https://282307349-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FVhfw2n4uNr4o5eCyFsyK%2Fuploads%2FsE2bOq5YhTVSc76DYGHz%2Fimage.png?alt=media&amp;token=10a512cf-19fa-43f0-8ec5-9eb92ded35e0" alt=""><figcaption></figcaption></figure>

**Open Positions: Real-Time Risk Dashboard**

Displays full position details:

* **Entry Price** → baseline for PnL
* **Estimated Liquidation Price** → most critical risk metric
  * &#x20;  Helps decide: reduce position or add margin
* **Unrealized PnL** → used to:
  * Adjust stop-loss
  * Scale out profits
* **Open Orders** → active strategy execution
  * Cancel orders
  * Modify prices
  * Reposition trades