Topic: How to read the screenshots traders post. An example. - page 2. (Read 338 times)

There's nothing important about that screenshot that can help you in your trading journey, to be honest, he's just flexing his successful entry on that certain coin. But based on that screenshot, he knows what he's doing, because of his leverage and margin. You can also figure out that he has a big funds so using a low leverage to play it safe using cross margin is still profitable unlike when you only have a very small funds.

Instead of wanting to know how to read that screenshot, it would be better if you're going to study about how to read the price chart for your technical analysis, which is more worthy to be learn, in my opinion.

@Oshondy cover most of the answer but I’m wondering if you are inquiring the general information about the Mark Price and Margin itself so I’m happy to help.

Mark Price is the current price of the token he is currently trading. This is the basis for the computation of the Unrealized PnL shown on the screenshot. Unrealized PnL = Mark Price multiply to the total tokens he is holding.

Margin is the total capital he is using for that specific trade. On his screenshot it’s his original margin multiply by the leverage he use for that trade.

First of all, you made bad choice to join a Trading group because you kick off your journey to become more dependent on other people, their thinking, works and signals. With this dependence, you will not grow up well in this risky market.

Start with reading about fundamentals of biggest cryptocurrencies first, Bitcoin and Ethereum. Don't join other altcoins because you will lose money with them by trading.

If it is Binance, you can search explanations and examples for those terms, order types with Binance Academy.

If it is not Binance or you don't have to know what is that exchange, you can search for Cryptocurrency terms, Trading terms with
Coinmarketcap.com - Crypto Glossary
Coingecko.com - Glossary
Investopedia.com

Warning: Trading is risky, won't make you rich and never trade if you can not afford loss with trading.

1. You do not need to know where the trade is made but focus on the PnL and other necessary information. From what I think, it would be from Huobi (HTX).

2. The mark price is well stated distinctly and it is $5.339

3. He used 50530 USDT to trade. The margin is 10x which is 505300 USDT.  If you convert the 505300 USDT to Dot, it is 97524 DOT when he opened the position.

4. It is the percentage of his gain or loss compared to the total margin used. If it is positive, it makes gain. If it is negative, it means loss.

5. Estimate liquidation price is the price his money used to open position will be exhausted and he will lose all if the price go against the direction of the position opened. After he lost all, no position opened again.

6.  It is the margin used. Assuming you have $100. If you use 10x margin, you will have $1000 to trade.

There are two types which are isolated and cross margin.

In isolated, the money remaining in your future trading account will not be deducted if you are losing. It means you can not transfer more money to increased the liquidation price. Some traders prefer it while opening many positions.

Cross margin means if your money used to open position is decreasing, it will also be decreasing from your future trading account. If the price is getting close to liquidation price, you can transfer money to your future trading account to increase the liquidation price so that your money will not be liquidated at the initial price.

You will need to use small amount of money to try this and experience what that I am taking about.

7. Trade with like $2 to learn.

Here is the screenshot that was posted on a Telegram channel, and people seem to be exited about it. I kind of understand that the person is doing trading, however, I am not sure I understand the details.





So the general question is how to read the screenshot?

1. Where is the trade is made? I guess Binance, I might be wrong
2. What is Mark Price?
3. What is Margin?
4. What is Risk? What does the 9.89% risk means in this particular case?
5. I guess "Est. Liq. Price" means the price at which DOT will be sold. Is that right?
6. What is Cross 10x means?
7. Any other details to pay attention?

Thanks.