Video 4/4 - How to Execute a Short Trade on Crypto Perpetual Futures: A Step-by-Step Guide

Trading crypto perpetual futures can seem complex at first, but with the right tools and guidance, it becomes a straightforward process. In this guide, we’ll walk you through the steps of placing a short trade using the example of Dogecoin (DOGE) on a perpetual futures platform, as demonstrated in the video. This tutorial is designed to complement the video and provide additional clarity for traders.

Step 1: Receiving the Trade Alert

When the xBratAI app identifies a trading opportunity, you’ll receive a push notification. This notification includes key details such as:

· The active trade signal (e.g., short DOGE).

· The stop-loss price.

· The maximum leverage allowed for the trade.

You can also find this information on the app’s main dashboard, where all active trades are displayed.

Step 2: Setting Up the Trade

1. Open Your Trading Platform

In this example, the Bitget platform is used, but most perpetual futures platforms have a similar interface. Ensure you’ve selected the correct trading pair, in this case, DOGE Perpetual Futures (DOGE-PERP).

2. Choose Leverage and Order Type

o Set your leverage to match the recommendation from the Xpro AI app. For this trade, 10x isolated leverage is used.

o Select the order type. Here, a market order is chosen for immediate execution.

3. Set Your Margin

Decide how much of your account balance you want to allocate to the trade. In this example, $50 is used as the margin.

4. Enable Stop-Loss and Take-Profit

o Input the stop-loss price provided in the app notification. For this trade, the stop-loss is set at 0.20153.

o Note the liquidation price displayed on the platform, which is the price at which your position will be automatically closed if the market moves against you.

Step 3: Placing the Trade

· Once all parameters are set, confirm the trade by clicking Open Short.

· After the trade is executed, a chart will display your entry point, stop-loss, and other key details. This visual representation helps you monitor the trade in real time.

Step 4: Monitoring and Adjusting the Trade

1. Track Unrealized Profit and Loss (PnL)

The platform will show your unrealized PnL, position size, and return percentage. In this example, the position size is 28,950 DOGE, and the initial return is 30.86%.

2. Update the Stop-Loss

o When the xBratAI app sends a push notification to update the stop-loss, go to the Orders tab.

o Modify the stop-loss price to the new level provided in the notification.

o Ensure the full position size (28,950 DOGE) is selected before confirming the update.

3. Lock in Profits

By adjusting the stop-loss as the trade progresses, you can lock in profits and minimize risk. Continue this process until the stop-loss is triggered, closing the trade.

Step 5: Closing the Trade

· When the stop-loss is hit, the trade will automatically close, and you’ll receive a notification confirming the trade’s completion.

· Double-check the app to ensure the trade has been closed successfully.

Key Takeaways

· Follow Alerts: The xBratAI app provides all the critical information you need to execute trades confidently.

· Leverage Wisely: Always use the recommended leverage to manage risk effectively.

· Adjust Stops: Regularly updating your stop-loss helps secure profits and protect your position.

· Stay Informed: Monitor your trades and ensure they close as expected.

This example demonstrates the process of placing a short trade on crypto perpetual futures, from receiving the initial alert to closing the position. Stay tuned for more educational videos and guides to help you navigate the world of crypto trading with confidence!