📈Trade on JOJO Perpetual

1. Opening your position.

• If you are bullish on the market, you should buy/long.

• If you are bearish on the market, you should sell/short.

In the [Trade] page, you can choose to place a [Market Order] or a [Limit Order].

We take the [Market Order] as an example here.

A Market Order will be executed at the current market price as soon as possible after the user places the order.

📖What is a Limit Order, and how to place it?

You can manually input the amount you want to trade or pull the slider for your preferred ratio. Then click [Buy / Long] to place your order.

Meanwhile, you can see some important information about the [Market Order].

Those information will change depending on the USDC amount of orders you place, the current market price, and the amount of margin left in your account after placing an order.

[Buy/Sell Amount]: Total amount of tokens buy/sell at the market price.

[Buy/Sell Cost]: Total price of tokens buy/sell at the market price, calculated in USDC.

[Liq. Price of Buy/Sell]: Settlement price of the buy/sell order.

[Leverage change of Buy/Sell]: Leverage change for the buy/sell order.

[Buy/Sell fee Maker/Taker]: Maker/taker fees for the buy/sell order.

2. Check your position status.

After you place an order and the order has been settled, your position will appear in the lower-left corner of the trading page.

Once the order is placed, the JOJO system will display the [Order successfully] prompt in the upper-right corner.

When the price rises, a long position will generate profits, with a positive PnL. You can choose to continue holding the position to seek greater profits or click [Close] to lock in your profits.

📖What is PnL and How to Calculate It?

If you choose to continue holding your current position, a safer approach is to set a TP/SL (Take-profit/Stop-loss) order.

📖How to Place a TP/SL Orders?