Start by connecting your wallet and picking an asset that most venues don’t list yet. Choose Buy if you want upside exposure or Sell if you’re betting against it. Set your size and preferred margin multiplier, then review the route, fees, and estimated liquidation level before you confirm. Use the slippage control to protect your entry on thin books, and double-check the preview of price impact. One tap opens the position; the Positions view shows your entry, current value, margin, and liquidation threshold in real time.
Manage risk the moment you’re in. If price moves against you, add margin to push the liquidation level farther away, or trim size to cut exposure. When price moves in your favor, scale out by partially closing in increments instead of exiting all at once. You can also increase size through the same swap flow to compound winners. Keep an eye on funding or borrow costs (if shown), and factor them into your holding window. Closing is immediate through the same interface—no complex order forms, just select the position and choose how much to unwind.
Build practical strategies that fit volatile, early-stage markets. Hedge a bag you hold elsewhere by opening a short-sized to your spot exposure, so you cap downside while keeping governance or vesting intact. Construct a relative-value trade by going long one token and short another, balancing sizes so your net dollar exposure is near zero while you target spread movement. For event-driven plays—new listings, roadmap drops, or liquidity unlocks—start with smaller test entries, measure price impact, then scale only if execution quality holds.
Operate with a routine that keeps costs and slippage in check. Fund your margin with the stablecoin you prefer, and keep a buffer for gas and top-ups. Use conservative slippage on illiquid pairs and widen it only when you must fill fast. Before any large trade, run a dry run with a tiny amount to observe routing and realized execution. After entry, set a price alert in your wallet or tracker of choice, and commit to predefined levels for adding margin, reducing size, or full exit. Every interaction is on-chain—save transaction links from your block explorer for PnL tracking and reporting.
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