JuCoin’s Plan Order allows investors to preset trigger prices and order prices in futures trading. When the market price hits the trigger price, the system will automatically execute the trade at the order price. This method allows investors to plan their trading strategies in advance amid market fluctuations, without having to constantly monitor the market, thus saving time and significantly improving trading efficiency.
How to Operate a Plan Order:
Before using a plan order, investors should first clarify their trading strategy. This includes analyzing market trends, determining target prices, and assessing risk tolerance. Only with a clear trading strategy can one reasonably set the parameters for a plan order and achieve effective trade management.
Investors should carefully set appropriate trigger and order prices based on their trading strategy. The trigger price should be a market price with reasonable consideration, and the order price is the price at which the trade is executed once the trigger price is met. Investors need to consider market trends, transaction costs, and other factors to ensure the parameters they set are both aligned with their trading goals and practically feasible.
Although plan orders can execute trades automatically, traders still need to closely monitor market conditions. If significant market changes occur, it may be necessary to adjust the plan order parameters or cancel the order. Continuous market monitoring can help traders respond to sudden situations in a timely manner, ensuring the effectiveness and flexibility of their trading strategy.
