Trading on Drift

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Choosing markets

Select the market you would like to trade by clicking the drop down "change market". Now select the perpetual market you would like to trade

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Deciding whether to Long or Short

Select Long or short on the top of this modal

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Selecting Position Size

You can enter your position size in the underlying or USDC in these modals. Alternatively you can enter your position size as a percantage of your current margin account.

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Choosing Leverage

You can use pre-selected values by using the buttons (1x, 2x, 3x , 5x) alternatively you can enter a custom amount in the text field

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Opening position

When you are ready to open the position click the button on the bottom of this modal, check the information related to you trade and make sure all the details are correct and you will finally be asked to sign the transaction with the wallet you have connected.

Drift currently supports market orders with a pre-defined maximum slippage. Maximum slippage can be pre-set from a price to ensure that users can have their orders cancelled should there be risk of having poorer execution prices. Limit orders will be coming in our next version.

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Adjusting position

If you have an open position you can make adjustments by either longing or shorting the same asset. To adjust your position follow all the same steps as above on the same asset. Varying the leverage you use will change your liquidation price.

Closing positions

Once you are done with a trade it is time to close out of that position. Go to your positions under the "Positions" tab and select "Market close" to realise your PnL

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Your Wallet Balance should then reflect your Total Collateral if you have no Unrealised PnL left.

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