# Open a position

1. Go to Strategy List

<figure><img src="https://3812384006-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwKYaramAO33J40rM5uhN%2Fuploads%2FXFePd0sEDc1Hg2dOERGD%2Fscreencapture-stella-master-vercel-app-2023-06-07-13_50_43.png?alt=media&#x26;token=adf97321-6f7d-49f7-ba47-4b56a958bdf2" alt="" width="563"><figcaption></figcaption></figure>

2. Select a strategy and click **"Open"**
3. Select a **"Position Type"** to indicate your directional strategic view (view custom mode guide here)

<figure><img src="https://3812384006-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwKYaramAO33J40rM5uhN%2Fuploads%2FOC7795RpBaapO1DcPyg5%2FScreen%20Shot%202566-06-07%20at%2019.47.36.png?alt=media&#x26;token=e56cb1d0-fe22-4e80-bb19-580b97e5ea71" alt="" width="563"><figcaption></figcaption></figure>

4. Select a **"Price Range"** you want to provide liquidity.  This indicate the price range you will earn trading fees on.

<figure><img src="https://3812384006-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwKYaramAO33J40rM5uhN%2Fuploads%2FjREjLlLQGeeDQitphErM%2FScreen%20Shot%202566-06-07%20at%2019.49.49.png?alt=media&#x26;token=86bcba73-58f6-4241-a177-eb686b928912" alt="" width="563"><figcaption></figcaption></figure>

5. Supply asset and select leverage level you want. Stella Strategy will calculate the most capital efficient borrow amount.

<figure><img src="https://3812384006-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwKYaramAO33J40rM5uhN%2Fuploads%2FM1lBJ1UsjmYlI2mN5wDb%2FScreen%20Shot%202566-06-07%20at%2019.54.25.png?alt=media&#x26;token=edc10734-07d2-4ece-8358-2e8486909245" alt="" width="563"><figcaption></figcaption></figure>

6. Review your position summary before confirmation

#### Custom Position Type

1. Select **"Custom"** as a position type
2. Select a **"Price Range"** you want to provide liquidity.  This indicate the price range you will earn trading fees on.
3. Supply asset
4. For borrow amount, input amount you want to borrow based on available credit. (Note: Total credit is calculated from token amount\*borrow credit)

<figure><img src="https://3812384006-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwKYaramAO33J40rM5uhN%2Fuploads%2FZA2sFfLUkOBuOjnJsNK9%2FScreen%20Shot%202566-06-07%20at%2019.58.48.png?alt=media&#x26;token=55f1f48f-9bbb-4822-a3e1-12f5f062dd96" alt="" width="563"><figcaption></figcaption></figure>
