How Do I Track the Cost Price of My Spot Trades?
Tracking the cost price of your spot trades helps you manage your investments effectively. Navigate to your trading dashboard and select the "Positions" tab. Here, you’ll find detailed metrics, including entry price, current value, and unrealized profit/loss.
Key Metrics to Monitor:
- Average Entry Price: The weighted mean of all your purchases.
- Current Market Price: Live value of the asset.
- PnL (Profit and Loss): Calculated based on your entry vs. current price.
👉 Learn advanced cost-tracking strategies
How Do I Modify Take-Profit (TP) and Stop-Loss (SL)?
To adjust TP/SL orders:
- Go to "Open Orders" in your spot trading interface.
- Locate the order and click "Modify."
- Enter new TP/SL values and confirm.
Pro Tip: Use limit orders for TP/SL to avoid slippage during volatile markets.
What’s a Limit Order?
A limit order lets you set a specific price to buy/sell an asset. Unlike market orders, it only executes if the market reaches your desired price.
Example:
- Buy BTC at $50,000 (order fills only if BTC drops to this price).
How Do I Place a TP/SL with a Limit Order?
- Select "Limit Order" when placing a trade.
- Set your TP/SL triggers under "Advanced Options."
- Confirm the order.
Why It Matters: Limit-based TP/SL ensures precision but may not fill if prices don’t reach your levels.
👉 Master limit order strategies
How Do I Set Up TP/SL with the Order Line?
- Open the trading chart and select "Order Line" tool.
- Drag the line to your desired TP/SL price.
- Right-click to confirm the order.
Best For: Visual traders who prefer chart-based triggers.
How Do I Borrow in Spot Mode?
Enable Auto-Borrow in your account settings to access margin funds for spot trading.
Steps:
- Navigate to "Borrow" under "Spot Trading."
- Select the asset and amount.
- Repay manually or let auto-repayment settle profits.
Crypto Profit & Loss Analysis (PnL) FAQ
Q: How is PnL calculated?
A: (Current Price − Entry Price) × Quantity − Fees.
Q: Why does my PnL fluctuate?
A: Market volatility affects unrealized PnL until positions close.
OKX Call Auction and Pre-Open Mechanism
During call auctions (pre-market/open/close), orders are matched at a single equilibrium price. This reduces volatility and improves fairness.
Key Times:
- Pre-Open: 5–10 minutes before trading starts.
- Closing Auction: Last 2 minutes of the session.
How Can I Do Spot Trading with Jupyter Notebook?
Use OKX’s API and Python libraries to automate spot trading.
Steps:
- Install
okx-python-sdk. - Authenticate with API keys.
- Execute trades via notebook scripts.
Example Code:
from okx import Spot
client = Spot(api_key='YOUR_KEY')
client.place_order(symbol="BTC-USDT", side="buy", price=50000, size=0.01) FAQ Section
Q: Can I cancel a TP/SL order after placing it?
A: Yes! Go to "Open Orders" and click "Cancel."
Q: Does OKX charge fees for limit orders?
A: Yes, but fees are lower than market orders (check the fee schedule).
Q: How often is PnL updated?
A: Real-time—every price change affects calculations.
Q: What’s the minimum borrow amount?
A: Varies by asset; check "Borrow" page for details.
Q: Are call auctions mandatory?
A: No, but they optimize order execution during key periods.