Dear BitVenus user,
Regarding BitVenus Contract's "Trigger Order":
A Trigger Order allows users to set trigger conditions, execution price, and quantity in advance. When the latest transaction price or the mark price reaches the trigger condition, the system will place an order according to the predetermined execution method and quantity.
A Trigger Order allows you to plan your buy and sell points in advance without the need to monitor the market. This can help you secure profits or reduce losses during trading, and achieve the goal of stop-profit and stop-loss.
Trigger type: Market Price (including the latest transaction price) or Mark Price (including the fair mark price).
Trigger price: When the mark price reaches the trigger price set, the Trigger Order will be triggered and an order will be placed.
Execution price: The actual price at which the order is executed. When the mark price reaches the trigger price, the system will automatically place an order at the set price.
Quantity: The "order quantity" after the Trigger Order is triggered.
When your order quantity exceeds the maximum amount you can place, the system will place an order with the maximum amount you can place at the time.
A Trigger Order is not guaranteed to be triggered and may fail to place an order due to price limitations, order quantity limitations, position limitations, insufficient margin, position levels, network issues, system issues, etc.
BitVenus official website: https://www.bitvenus.me
Risk warning: The cryptocurrency market has high risks, please understand the risks and invest in products you are familiar with. Please carefully consider your investment experience, financial situation, investment objectives, risk tolerance and consult professional independent investment experts to make a decision before investing. The information presented on this page is for informational purposes only and should not be construed as any investment advice. Past earnings performance is not indicative of future earnings. You should be aware that the market value and returns of investment products fluctuate and you may lose the amount you invest. You are solely responsible for your investment decisions. BitVenus is not responsible for any possible investment losses.