Long - buy lower, sell higher.
When buying coins, a trader opens "long" position. The purpose of such an operation is the boosting game and the ambition to sell coins at a more expensive price. For example, a trader buys 1 LTC for $100 and sells it for $105. Profit comes from the price difference: when selling, trader gets more than invested. $105 - $100 = $5 profit.
Note: to work with the Long strategy, you need to select the LTC-BTC option, not BTC-LTC. Thus, you will increase the amount of BTC, buying LTC cheaper and selling more expensive.
Short - sell higher, buy lower.
Works exactly the opposite of Long's strategy. Thus, by selling coins, a trader opens a "short" position, Short. The purpose of such an operation is a drawdown game and the desire to subsequently buy coins cheaper.
For example, a trader sells 1 LTC for $ 100 and buys at $95. Profit comes from the price difference: when selling, trader gets more than he spends to rebuy.
Approximate profit = 0.0526 LTC ($100 [our deposit] / $95 [LTC purchase price] - 1)
Note: To work with the Short strategy, you need to select the BTC-LTC option, not LTC-BTC. Thus, you will increase the amount of LTC, selling LTC more expensive and buying cheaper. It is necessary to have a deposit in LTC. If you try to open the "short" without having the coin that you want to sell, you will get an error and the task will not start.
If you try to open the "short" without having a coin, you will get an error and the task will not start.
Do not confuse it with the classic short selling. While trading on classic financial markets, you can borrow securities from a broker, being confident of falling prices. The trader sells them at the current price and tries to buy back at a lower price later. In this case, it is not necessary to have on the deposit the security, which he is going to short.
Trade size - is the percentage of available coins on your exchange account which you are going to trade. When the field "Trade size in %" is filled in, the field "Trade size" is recalculated automatically.
You can also specify the exact amount of coins. In this case, the "Trade size in %" field will be recalculated.
In the strategy testing mode, your initial virtual balance for 1 trade is 1 BTC. You can open any number of trades in this mode.