Menu What is a locked position in trading? A locked position occurs when a trader has both a long and a short position on the same financial instrument at the same time. This strategy is often used to mitigate risk or protect profits. Related articles What is the difference between pips and points/pipettes? Does Vantage provide personal advice? What are ask price and bid price? What execution method do you use? Is free margin required to lock positions in my trading account?