3. Place a new order in the opposite direction
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Partial TP/SL
There are multiple ways to close a partial position on Bybit to realize a profit or loss, with traders most frequently executing a partial close with USDT Perpetual contracts via Partial TP/SL.
This feature allows you to place multiple TP or SL orders so that when the underlying asset price surges or plunges, only a portion of your position will be closed. If a market reversal occurs, you can continue to benefit from your remaining position.
Here is how you can proceed:
Firstly, do make sure your TP/SL orders on the selected position are supported. If not, you can set your trading preferences via the settings button on the upper-right hand corner of the trading page.
Let us assume that you are holding a long position of 5 BTCUSDT contract quantity at $52,552.60.
(On Desktop)
(On mobile App)
You can pre-set 2 BTC at a position with TP at $58,000 and another 2 BTC at a position with SL at $50,000. When the price of BTC rises to $58,000, a partial close will successfully occur as a Take Profit order will be executed.
(On Desktop) (On mobile App)
Note: Up to 20 TP/SL orders on each Long and Short directions respectively are supported (including position, active order and conditional order).
In addition to partial TP/SL, you can execute a partial close on all available contracts on the platform in the following ways:
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"Close By" Function
Step 1: Close a partial position by clicking either on the Close By "Limit" or “Market" buttons.
(On Desktop)
(On mobile App)
Step 2: After clicking on the Close By “Market" button, you will be prompted to enter the quantity of positions you want to close or to select the proportion of the closed quantity. 
(On Desktop) (On mobile App)
Alternatively, you can also submit a Limit Close order by entering your desired price and quantity. In the example below, a trader holding 10,000 BTCUSD positions can partially close his or her position by submitting a Limit Close order of 5,000 positions at the price of $58,000.
(On Desktop) (On mobile App)
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Place a new order in the opposite direction
For Inverse Perpetual and Inverse Futures Contracts (in One-Way Mode), you may place a new order in the opposite direction of your current position in the order zone.
In this example, a trader is holding a long position of 10,000 BTCUSD contracts. To close 50% of the position, he or she can place an order for 5,000 positions short. This will close off 5,000 existing long positions once the order gets filled.
(On Desktop) (On mobile App)
Note: For USDT Perpetual and Inverse Futures Contracts (in Hedge Mode), do remember to click on the “Close” tab in the order zone in order to submit an order in the opposite direction.
USDT Perpetual Contracts:
(On Desktop) (On mobile App)
Inverse Futures Contracts:
Make sure you are in Hedge Mode. If you are not in Hedge Mode, click on the settings button on the top right corner of the order book as shown below to set your trading preferences. After that, choose the “Close” tab and enter your order.
(On Desktop)
(On mobile App)
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Quick trade function
In One-Way Mode, you can also use the quick trading function to place partial orders on the chart. To partially close a position, all you have to do is submit a market order in a position of the opposite direction. Simply enter the size of the contracts you want to close.
Notes: This only applies to the desktop version.