Open/Close a Trade

A Step-by-Step Guide

Skip ahead to Close a Trade

Open a Trade

1) Go to the trading homepage on the app. Connect your wallet by clicking the "Connect Wallet" button on the top right corner.

​2) Choose the instrument that you’d like to trade by clicking the dropdown menu for traded instruments in the top left corner. For this tutorial, we will choose the BTC/USD pair.

3) Select either "Long" or "Short" by clicking on the "Buy/Long" or the "Sell/Short" buttons. For this tutorial, we will open a long position.

4) Enter the amount of tokens you want to deposit as collateral for your position. Note: This is denominated in terms of tokens, not $USD.

5) Select the amount of leverage you want to use and if you'd like to set a Stop Loss or Take Profit. Click Approve.

Note: If you do not select a Take Profit, the system will automatically assign the maximum value by default.

6) After clicking 'Approve', click the 'Use Default' button to allow the smart contract to access the collateral asset in your wallet.

Note: If you prefer to set a restrictive spending cap on yourself, manually type in a number. You will have to adjust this number in the future once you reach this spending cap.

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7) Click the 'Place Order' button to submit your trade.

Close a Trade

8) Under the 'Positions' tab, find the position that you'd like to close and click the x button.

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