๐Ÿ”ธTrading

How do I trade using Padre?

Clicking on a Token, either in the Firehose, Portfolio, Trending View or search bar, will open up the Token View. In it you can trade, analyze and set up Limit Orders, all without having to switch between different windows.

Alternatively you can open the Trade section, which automatically open on the last viewed token.


How do I search for a specific token?

You can use the search bar by entering a name of the token, a symbol or an address (which can be a part of a larger copy, only the address will appear in the search bar).

Search results on Padre also display the full token name, age, price, liquidity and FDV.

You can also quickly add a token to your favorites.

Search results can be navigated using arrow keys as well.


How do I make purchases and sell using the Token View?

To trade on the Token View you can head to the Trading Terminal, in the bottom right side of the screen.

Make sure to select Market and either Buy or Sell, depending on your preferences.

To Buy select the amount you want to spend, either by typing it in, selecting a preset or a % of the total funds on your trading wallet.

To Sell you first need to own any amount of selected token. If you do you can choose how much of it you want to sell, again by either typing it in, selecting a preset or a % of the amount you hold.

Finally you can set your Slippage (including an auto setting), Gas, Turn MEV Protection on/off and select your trading wallet.

Your expected payout and gas fees are calculated at the top, below wallet selection, where you can also see each wallet's ETH balance.


What issues might I encounter when trading and how do I deal with them?

  • Balance may not suffice to cover gas - Your purchase takes too much of your Total Funds. Try lowering the Amount you purchase for.

Having at least 0.1 ETH minimizes chances of facing gas issues

  • Exceeds wallet balance - Your Total Funds are lower than the selected Amount. Try lowering it.

  • You don't have this token - You don't own any of the Token. To be able to sell or set up a sell limit order you must have purchase any amount of the token.

  • Must be a positive number - Your Limit Order target price is set to 0. Try increasing it.


What is Gas?

Every Ethereum operation requires computational effort. The unit of that effort, gwei, is commonly referred to as โ€˜gasโ€™. The more complex the interaction, the more gas it requires and thus is more computationally expensive. This happens because of the limited computer and human resources available for each action. So, although while every action requires a fee, some of them are more expensive.

Fees rise especially whenever the Ethereum space is heavily congested and there are more requests than the miners who calculate them are able to process. This results in two things:

  • The base gas rises - Every block (a limited space for interactions at a time) has a base price that is required for your request to be taken into consideration by the miners and for your transaction to go through.

  • The bribe you need to pay increases - Sometimes there could be thousands of people fighting for just a few spots. For your request to be given priority and to be certain your transaction is successful you need to pay the miners a bribe. So, although while everyone has to pay the same base gas, you might want to โ€˜outbidโ€™ everyone else with a high enough bribe on top of that.

To increase the chances of a successful requets you can increase you Gas Presets, specifically Max Priority Fee and Max Fee.

  • Max Priority Fee - Otherwise known as a miner tip, the Priority Fee is the maximum amount of gwei youโ€™re willing to pay the miners to make sure they prioritize your transaction. While technically optional, usually for your transactions to be considered you need to pay 2 gwei, which is included in the estimate from Etherscan. In times of higher congestion however the Priority Fee needs to be higher. Max Priority Fee is the highest amount youโ€™re willing to pay.

  • Max Fee - Itโ€™s the highest total amount youโ€™re willing to pay. While Max Priority Fee does not include the base fee, Max Fee does. So if your Max Priority Fee + Base Fee exceeds Max Fee, then the Max Priority Fee is reduced by the difference.


What charts can I use while trading in the Token View?

The Candlestick chart displays the average purchase price of the token.

The chart is highly customizable, allowing you to change the default appearance of the candles to something like columns, lines or areas, as well as changing their colors, icons, etc. The units on the Y axis can also be changed. Timespan and candle sizes are customizable, including a block size, which allows for a 5x more accurate viewing, especially useful on new drops.

You can save your custom charts or use one of the available presets. Both options can be found in the toolbar above the chart.


Can I draw on the chart?

Yes, by using the tools on the left side of the chart you can draw lines, shapes, icons or write.

Depending on the size of your screen some options may require scrolling down.


How can I set up Limit Orders?

To set up Limit Orders on the Token View you can head to the Trading Terminal, in the bottom right side of the screen.

Make sure to select Limit and either Buy or Sell, depending on your preferences.

To Buy select the amount you want to spend, either by typing it in, selecting a preset or a % of the total funds on your trading wallet.

Then select the Price of the Token that will trigger the purchase. You can type it in, select a preset or the % of current Price. You can also select the price by dragging the Order line on the chart.

Finally you can select the expiration date for the Limit Order, starting from 1h, all the way to 5d.

To Sell you first need to own any amount of selected token. If you do you can choose how much of it you want to sell by either typing it in, selecting a preset or a % of the amount you hold. The rest of the process is the same as selling.

Just as when trading, you can set your Slippage, Gas, Turn MEV Protection on/off and select your trading wallet.

Your expected payout and gas fees are calculated below the confirm button in both cases.

You can manage your Limit Orders below the chart (for the specific Token) or in the Portfolio.


What data can I find in the Token View?

  • Dev of this token deployed as well - A notification containing other tokens deployed by the developer of the viewed token

  • Trade History - You can find it below the Candle Chart. This tab contains historic data containing all trades of the viewed token, as well as an automatically updated live feed of all pending transactions within this collection.

    Sandwich transactions are marked by a red sandwich icon next to the transaction maker's address/name.

  • Holders - Instead of the Trade History, you can view the comprehensive Holders data.

    These are by default sorted by Balance, but can also be sorted by Purchase Price, Realized and Unrealized PNL and % Closed.

    Filters can be used to only show Smart Wallets and/or addresses from a Wallet List, which can be set up in the Settings.

    Some holders have a special Icon next to their address. Those icon signify: ๐Ÿ’ง - Liquidity Pool ๐Ÿ“„ - Token Contract โฐ - Early Holder (one of the first 10 holders)

  • Dev Transactions History - Allows you to get instant insights into activities of creator wallets, by quickly browsing token creatorโ€™s on-chain activity, spotting unusual transfers and contract interactions and discovering if the creator deployed other tokens in the past. All transactions and contracts decoded, and displayed in an easy-to-read format.

  • Token Stats - Displayed at the top is the live data for the viewed token.

    That includes: Audit, Liquidity, FDV, Contract and Taxes.

    Any changes in you specified timeframe will be shown in green or red, according to their direction. Additionally live changes of swap executions price, total sales, buys and sell in a chosen timeframe are displayed below.

  • My Positions - If you own any amount of the viewed token, on the right side of the screen you'll be able to see its live updated Total Value, Balance, Expected Payout, PNL and Total PNL.


Activity Sidebar

Displays the Watchlist, Open Positions and Trending views on the left side of the Token View, allowing you to monitor other tokens while you trade.

Currently only visible on large screens or when zoomed out, with small screen support coming soon.

Last updated