Trading

Your First Trade!

Whether youโ€™re brand new to trading or have been in the deep depths of memecoin mania for years, Padre wants to make every trade as simple and seamless as possible.

How do I trade using Padre?

There are a number of ways to navigate to a tokenโ€™s trading page:

  • The portfolio page

  • Trending

  • Or searching the name or address in the search bar

  • Navigating to trading will show your most recently viewed token

Once there, youโ€™ll be presented with a number of innovative and powerful tools to aid in your successful trading.


1. Finding your token

How do I search for a specific token?

You can use the search bar by entering the name or address of a token. The search bar can also parse a larger copied message (say from a Telegram or Discord message) for the address to minimize friction between being alerted and trading.

If searching by name, Padre will automatically search all currently supported chains by default, otherwise, if you have provided the address, it will immediately recognize the correct chain.

Search results on Padre display a bevy of useful information without even having to click into the trading dashboard. The full token name, pair, price, liquidity, 24h volume, Market Cap and FDV are all displayed for quick scanning of provided results.

Here you can also quickly add a token to your favorites by clicking on the star.

Search results can be navigated using arrow keys as well.


2. Analysis

So, youโ€™ve found your target, but no good trader would simply throw money at something without having even the bare minimum information! (unless Elon has just tweeted out a new meme, then โ€œapeโ€ away!) (For legal reasons, this is a joke)

In front of you, youโ€™ll find a plethora of valuable information to base your decisions on, plus all the tools you need to supercharge & protect your transaction.

Letโ€™s start at the top:

  1. Links:

Here youโ€™ll find links (duh) to all of the tokenโ€™s various social media pages or outlets, potentially including things like telegram, X/Twitter, or a website.

  1. Liquidity:

As described in our handy glossary:

  • The amount of money (typically WETH or USDC/USDT) put into the Liquidity Pool by the creator of a token.

  • When trading, the more liquidity the better, as it means that the token is less likely to drastically depreciate in value.

  • Liquidity is displayed right at the top of the trading terminal for any particular token in $USD.

  1. FDV (Fully Diluted Value):

The total value of all tokens in and out of circulation (the entire supply).

  1. 24H Volume:

The amount of this token that has transacted in the last 24 hours in $USD.

  1. Taxes:

The % of a transaction the owners of the token take on every buy (left) and sell (right).

  1. Now the chart:

This is where the magic happens! Our charts are powered by TradingView, the best chart provider among top trades. Here you can obviously view simple things like candles on whatever timeframe you prefer to gauge general market sentiment / direction, but you can also mark the charts with any variety of useful tools to aid in TA (Technical Analysis).

And then at the bottom:

  1. Trades:

This tab allows you to view all of the most recent transactions buying or selling the token from other traders.

3. Time to trade!

So, youโ€™ve gathered all of your intel and youโ€™re ready to buy your first token on Padre, letโ€™s run you through it!

โ€œI need to get into this token right now, itโ€™s up only from here!โ€

Wow, we hear you, Letโ€™s get trading!

1. Trading modal

On your right youโ€™ll find the trading modal:

At the top you can choose whether youโ€™re buying or selling, in this case, weโ€™re buying, you can sell for 100x later.

Given you feel price is fair and want to buy right now, weโ€™re going to leave the toggle on โ€œMarket.โ€

Under the market price indicator, you can now choose how much of the token you want to buy in denominations of the chain youโ€™re onโ€™s base currency:

  1. SOL: SOL

  2. Base: ETH

  3. ETH: ETH

2. More options

Now that youโ€™ve chosen how much you want to invest, we can check out โ€œmore optionsโ€ briefly:

  1. MEV Protection:

This settle will send your transaction privately, avoiding your trade from, being โ€œsandwich attackedโ€ by a bot, nasty business.

  1. Slippage:

If you leave it on auto, Padre can handle this setting for you on stable pairs. However, if price is extremely volatile and you want to make sure to only buy if itโ€™s close to the price you saw, maybe drop slippage down to 5 or 10%.


3. Trade!

Thatโ€™s it, press buy and send it!

Now that youโ€™ve traded on Padre V2 for the first time, be sure to check out the details of our current trading competitions to make some extra money.


โ€œI honestly think the price will drop a bit before going skyhighโ€ฆโ€

We respect that, letโ€™s get you locked in:

  1. Setting a โ€œlimitโ€ order is very similar to buying at market with just two changes:

  2. That toggle you saw before indicating โ€œMarketโ€ and โ€œBuy Dipโ€? Weโ€™re going to hit Buy Dip.

  3. Now, youโ€™re going to see that thereโ€™s a field to enter a price youโ€™d like to buy at:

  • Of course you have the option to type in whatever price youโ€™d like.

  • However, we also have this really cool tool that allows you to place an indicator on the chart of where youโ€™d like to buy. This is super useful for visualizing your entries!

Selling is fortunately just as easy as buying.

All the steps you followed for buying remain the same for selling.

  • If youโ€™d like to sell 100% of your position at market price, just move the slider all the way to the right or type in the number of tokens you hold.

  • If you feel price will continue to increase and you want to place a limit order to sell at just the right moment, toggle over to โ€œTake Profitโ€ right under the buy/sell toggle and you can set the price and amount of tokens to sell.

When it comes to selling, there is of course one other option called stop loss:

  • No trader is perfect, sometimes a trade just doesnโ€™t go your way. Itโ€™s how you prepare for this inevitability that really defines how solid of a trader you are.

  • When you buy, it is always smart to set a stop loss order at a price you feel the token would not recover from or youโ€™d just be uncomfortable with losses beyond that, unrealized or not.

  • Same as a take profit, enter the price you'd want to get out at and the amount of tokens to sell, create your order, and Padre will take care of the rest!

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