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How to use "Follow" feature to update trades' profit and loss.
How to use "Follow" feature to update trades' profit and loss.

follow trades, swaps, take profit and loss

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Written by Remitano
Updated over a week ago

"Every improvement contributing to your outstanding experience is our daily motivation." - Remitano

With the hope for users to instantly and efficiently update their trades' profit and loss, manage transactions and optimize their desired return on investment, Remitano launches a brand-new Follow Trade feature - Update Trades' profit and loss.

This feature has been tested and has been collecting users' experience since August 2020. By September 2020, this powerful feature is completed and ready to help you easily track your profit and loss status of P2P and Swap transactions after they are completed.

1. Highlight

The new Follow Trade feature will help you manage the profit of your transactions more effectively through the following highlights:

  • Flexible following of all P2P and Swap transactions: You can choose any transaction from transactions many years ago to new transactions that were just completed; it's also easy to unfollow.

  • Real-time number update notification: Your profit and loss levels are specified based on market price fluctuations. This helps you quickly decide to take profit or stop loss for each transaction without the need for other external calculation tools such as excel, calculator, ...

  • Quickly make take profit and stop-loss orders: When you want to take profit or stop loss, you can swiftly move to the respective coin's P2P and Swap page to make the transaction.

If you still wonder when to take profit or stop loss after making a transaction at Remitano, the Follow trade feature is the optimal choice for you.

2.Step-by-Step Guide to Using the Follow Trade Feature

To use this feature please follow the instructions below

1. Open following:

[STEP 1] Choose the following transaction:

  • Follow P2P trading: Go to DASHBOARD > Click Trade History & Advertisements

  • Click Completed Trades, then choose the transaction you want to follow.

  • Follow Swap transaction: Go to SWAP > click the below icon as below

  • In Swap Order, it will show "Opening", "Closing", "Followed". Please kindly choose the "Closed" and choose the SWAP order you want to follow as below guide

  • Choose the Followed beside Closed to check the SWAP order

2. Take profit/ Stop loss & cancel following:

Go to DASHBOARD > TRANSACTION HISTORY & ADVERTISEMENTS > FOLLOWING or SWAP > choose the icon as above guide > FOLLOWED to view transaction list under following and know profit & loss status of each transaction

  • For P2P transactions: when you choose to Take profit or Stop loss, the system will lead you to the buy/sell transaction page.

For example, you bought 1 BTC at 100.000.000 VND. You click Follow this transaction & now the loss is 10%, you can Stop loss to avoid risk and the system will lead you to the P2P transaction page to quickly sell this 1 BTC to get back 90.000.000 VND (this amount is excluded of fee). Follow similar steps with take profit transactions.

  • For Swap transactions: when you click Take profit or Stop loss, the system will lead you to the Wallet page to do Swap.

For example, you swap 10.000 USDT and get 1 BTC. You click Follow swap transaction and currently, the profit is 10%, you can Take profit and the system will lead you to swap page so you can swap 1 BTC into USDT and get back 10.100 USDT (this amount is excluded of fee). Similar steps with stop loss transactions.

Once you're done with Take profit and Stop loss, you can Cancel tracking. After that, you can continue to track new transactions.

Hopefully, the Follow Trade Feature for tracking profit and loss will be a powerful tool for Remitano traders in the upcoming trading journey.

What are you still waiting for? Let's discover this amazing feature by trading now! Please contact Support via the LiveChat on Remitano's main website or mobile app for further questions.

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