📄️ Trading with Tsunami
... Live beyond your income
📄️ Connecting to Tsunami
To start trading at Tsunami, first get connected:
📄️ Closing Position
To close a position means to remove the initial exposure and make do with the results yielded during the holding period - whether these results are profit or a reduced exposure. A trader would typically want to exit an open position for one of the following reasons:
📄️ Opening Position
If the asset price rise is your expectation, you might want to buy it with the intention to sell it at a higher price later on. In this case the trading strategy will be to open a long position.
📄️ Making It A Name
The hash string of your wallet address looks cool, it's only that it doesn't work perfectly well as a convenient ID. You can actually memorize the trailing symbols of the address string, but others would rather they don't have to struggle that hard. Having an easy to recognize ID is specifically helpful when it comes to trading Tournaments. To edit your profile name, select it on the top right and proceed as follows:
📄️ Reviewing Portfolio
For traders with open positions at hand here's a convenient way to have them all displayed in a grid, have some good time observing the growing profit and take further actions depending on what you see. Select Portfolio on top left:
📄️ Increasing Position
In the same way as decreasing a position is technically very much akin to closing one, to increase a position effectively means opening it for the same size. However, there's an impact to the position facets highlighted below:
📄️ Decreasing Position
To start with, in some sense there is no essential difference between closing and decreasing a position. The only difference is quantitative: when you close a position, you release all the assets held in it, while decreasing means releasing a portion of the position. Now, what impact does decreasing a position have on the the most important of your position facets, such as
📄️ Adding Margin
A leveraged position effectively means borrowing from the exchange. That is, with, say, 100 USDN you can borrow another 200 USDN by a 2x leverage. This makes 300 USDN, out of which you can open a long position, trade 200 USDN for Waves and provide 100 USDN as a collateral. Now you have 200 USDN worth of Waves and 100 USDN set aside as a margin.
📄️ Reducing Margin
If you think the deposited margin can be safely reduced, you can do so as follows:
📄️ Earning Tokens
Here's an equation
📄️ Frequently Asked Questions
Q: There's a Price impact value I can see changing dynamically once I enter an amount of a traded asset or/and take a leverage. Apparently, it works as some sort of fee, or what is it exactly?
📄️ Staking TSN
Each of the 24 hours round the clock stashes away half of the whole amount of the fees for you to profit from your TSN coins. Let's find out how to tap into this steady inflow.
📄️ Farming Tokens
Another approach to TSN staking is to start staking and let your daily reward go get you more TSN to increase your staking balance. Let's see how it works.
📄️ Refering Friends
If you have been happy about trading at Tsunami, it would be nice to share your experience. The referral program at Tsunami works in such a way that to encourage others to trade is quite profitable. Let's see how it works.
📄️ Excelling at Trading
You're getting noticed