Tradoor
Tradoor Mini App User Guide
Tradoor Mini App User Guide
  • 👋Outline
  • 💱HOW TO TRADE ON TRADOOR
    • 🤔How do I make my first trade on Tradoor?
    • ⚙️How do I set up my wallet to start trading on Tradoor?
    • 💰How do I add funds to my Telegram wallet?
    • 📊Trading Perps 101
      • 🤔What is Perps Trading?
      • 🧭How to navigate Tradoor's Perps Trading Page
        • What does "Symbol" mean?
        • What does "Index Price" mean?
        • What does "24h" change mean?
        • What does "Open Interest" mean?
        • What does "Long/Short Rate" mean?
        • What does "1h Funding" and "1h Rollover" mean?
        • What does "Max Leverage" and "Average Leverage" mean?
        • What does "Available Liquidity" mean?
        • What does the Perps price chart mean?
        • What do the "long" and "short" button mean?
      • 🥇How do I make my first trade in Perps?
        • (1) Select between "Market Order" and "Limit Order"
        • (2) Enter the amount you would like to trade with
        • (3) Select the leverage you would like to trade with
        • (4) Have a look at your position
        • (5) Select your TP/SL
      • 🤑How do I make a profitable trade in Perps?
    • 📈Trading Options 101
      • 🧐What is Options Trading?
      • 🗺️How to navigate Tradoor's Classic Options Page
        • What does "Symbol" mean?
        • What does "Expiry" mean?
        • What does "Strike Price" mean?
        • What does the "Options Price Chart" mean?
        • What do "Call" and "Put" mean?
        • What do "Positions" and "History" mean?
      • ☝️How do I make my first Classic Options trade?
      • 🚸How to navigate Tradoor's DNT Options Page
        • What does "Symbol" mean?
        • What does "Expiry" mean?
        • What does "Strike Price" mean?
        • What does "Trigger" mean?
        • What do "Double No Touch Odds" mean?
        • What does the "Options Price Chart" mean?
        • What do "Positions" and "History" mean?
      • 🏆How do I make my first DNT Options trade?
      • 💰How do I make a profitable trade in Options?
      • 🎟️How do I use my Options Voucher?
  • ⚡Turbo Mode on Tradoor
    • ❔What is Turbo Mode?
    • 🌩️How do I start trading with Turbo Mode?
    • ✏️FAQs about Turbo Mode
  • 🌊ADD LIQUIDITY ON TRADOOR
    • 👀What is liquidity?
    • ❔Why add liquidity?
    • 🚰How to add liquidity to pools?
  • ❔Frequently Asked Questions
  • 🌟EARN REWARDS ON TRADOOR
    • 🎁What are $DOOR points?
    • 📊Earn rewards by trading
    • 👯Earn rewards by referring friends
    • 🏁Earn rewards by completing tasks
    • 🐂Earn rewards by feeding Sausage
  • 🤝GET CONNECTED ON TRADOOR
    • 👋How do I get connected on Tradoor?
  • 🛠️OTHERS
    • 🔮Oracle Data
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On this page
  • (J) Long and Short
  • FAQs:
  1. HOW TO TRADE ON TRADOOR
  2. Trading Perps 101
  3. How to navigate Tradoor's Perps Trading Page

What do the "long" and "short" button mean?

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Last updated 6 months ago

(J) Long and Short

The "Long" and "Short" buttons are essential features that allow traders to open positions based on their market outlook. Here’s a breakdown of what each button means and the information they provide:

FAQs:


Long Button

  • Definition: The "Long" button is used to open a long position, meaning the trader is betting that the price of the asset will increase.

  • Purpose: By clicking this button, traders seek to profit from rising prices. For example, if a trader believes that Bitcoin’s price will go up, they would click the "Long" button to enter a position.

  • Information Provided:

    • Leverage Options: When selecting a long position, you will see options to choose their desired leverage (e.g., 2x, 5x, 10x), allowing them to control a larger position than their initial capital.

    • Potential Profit/Loss: There is a display showing potential profits and losses based on the current price and the selected leverage.

    • Margin Requirement: Information about the required margin to open the long position is also displayed.

Short Button

  • Definition: The "Short" button is used to open a short position, indicating that the trader expects the price of the asset to decrease.

  • Purpose: By clicking this button, traders aim to profit from falling prices. For example, if a trader believes that Ethereum’s price will decline, they would click the "Short" button to enter a position.

  • Information Provided:

    • Leverage Options: Similar to the long position, traders can choose leverage when opening a short position, which affects their potential profits and risks.

    • Potential Profit/Loss: Potential profits and losses for the short position based on the current price and selected leverage are also displayed..

    • Margin Requirement: Information regarding the margin needed to maintain the short position is also provided.

Importance of understanding Long and Short for traders

  • Market Strategy: The availability of both long and short options allows traders to implement various strategies based on their market outlook, whether bullish or bearish.

  • Flexibility: These buttons provide flexibility to traders, enabling them to respond to market movements and capitalise on different trading opportunities.

  • Risk Management: Understanding the implications of long and short positions helps traders manage risk effectively, as each position type carries its own risk profile.

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Long Button
Short Button
Importance of understanding Long and Short for traders