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All notifications explained
Upon following a Trader on Tycoon Signals, you gain access to an array of detailed notifications (Signals) sent directly to your connected Telegram account. These Signals provide you with real-time visibility into the Trader's trading strategies and decisions, presented in an easy-to-understand format. This transparency empowers you to grasp the logic behind their trades and, if you choose, replicate these positions independently on your own exchange account. Let's explore the different types of Signals you'll receive:
PARTIAL CLOSED TRADE
INCREASE OPEN TRADE
1. NEW TRADE - Discover the Latest Opportunities 🆕🚀
When a Trader enters a new trade, you'll receive a notification that reveals the key details of the trade. From the trading pair and leverage used to the trade's size and entry price, you'll have all the essential information at your fingertips. Stay informed about the latest trading opportunities and act swiftly to potentially capitalize on them.
The first line displays you the Trader name and provides the Link to his profile on the platform. "NEW TRADE" means that he opened a new position. Line three displays the size of this trade in token and USD.
2. CLOSED TRADE - Learn from Successful Exits ✅💰💸
When a Trader closes a trade, you'll be promptly notified with a detailed overview of the closed position. Gain insights into the trade's duration, leverage, size, entry and close prices, and the profit or loss generated. By analyzing successful exits, you can learn from the Trader's strategies and apply these learnings to your own trading endeavors.
"CLOSED TRADE" means that the trader closed the position fully and the notification will display all facts. If the trader had several entries for this position, the Size and Entry Price are calculated as followed:
Size = sum of the sizes of all trades (both opening and closing) divided by 2 Entry Price = This will be calculated as a volume-weighted average price (VWAP) for all the opening trades. The formula is: VWAP = (Σ (Price of Trade_i * Size of Trade_i)) / Σ (Size of Trade_i) (overall opening trades)
3. PARTIAL CLOSED TRADE - Track Position Adjustments 📉🔄📈
In the event of a partial closure of a trade, we provide you with a notification that highlights the percentage of the position that has been closed. This information allows you to gauge the adjustment made by the Trader. By understanding these adjustments, you can adapt your own trading strategies accordingly. The notification includes vital details such as the trading pair, leverage, size, entry and close prices, and the resulting profit or loss.
4. INCREASE OPEN TRADE - Stay Informed about Position Updates 🔄📈🆙
When a Trader decides to increase the size of an open trade, we ensure you're promptly notified. The notification not only informs you about the percentage increase in the position but also provides the updated details of the trade. By keeping you informed about position updates, we enable you to make timely decisions and align your trading activities accordingly. The notification includes essential information such as the trading pair, leverage, size, and the new entry price.
5. INCREASE LEVERAGE - Be Aware of Leverage Adjustments 🔄🔥🔝
In the case of a Trader modifying the leverage for a trade, we notify you about this change. You'll receive a notification that highlights the increase in leverage and presents the updated details of the trade. Being aware of leverage adjustments is crucial for understanding the Trader's trading approach and its potential impact on their positions. The notification includes key information such as the trading pair, previous and new leverage, size, and price.
6. DECREASE LEVERAGE - Stay Informed about Leverage Reductions 🔄🔽🔻
Similar to increases in leverage, when a Trader decreases the leverage for a trade, we keep you in the loop. You'll receive a notification that indicates the reduction in leverage and provides the updated trade details. Understanding leverage reductions is essential for comprehending the Trader's risk management strategies and potential adjustments to their positions. The notification includes vital information such as the trading pair, previous and new leverage, size, and price.
START/STOP SHARING POSITIONS/PROFILE
FOLLOW/UNFOLLOW - Control Your Signal Preferences 📲✅❌
We value your control and flexibility in choosing which Traders' signals to follow. When you decide to follow a Trader, you'll receive an important notice confirming your decision and encouraging you to stay tuned for their trading signals. Conversely, if you choose to unfollow a Trader, you'll receive a notification notifying you that you won't receive their trading signals anymore. These options allow you to curate your signal preferences and tailor your trading experience to suit your needs.
START/STOP SHARING POSITIONS/PROFILE - Customize Your Sharing 🔀🙌🛡️
In some instances, Traders may opt to start or stop sharing their positions or profile. When a Trader stops sharing their positions, you'll receive a notice informing you that you will no longer receive updates on their trading activity. Conversely, if a Trader starts sharing their positions again, you'll be notified about this positive development and that you'll resume receiving updates. We prioritize transparency, ensuring you have up-to-date information on Traders' sharing preferences.
By delivering these comprehensive notifications, Tycoon Signals empowers you to make informed trading decisions, learn from successful strategies, and seize market opportunities. Our platform is designed to provide you with real-time insights, enabling you to stay ahead in the dynamic world of cryptocurrency trading. Join Tycoon Signals today and unlock the power of real-time trading information!