FAQs

What is drawdown?

A drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund. A drawdown is usually quoted as the percentage between the peak and the subsequent trough. If you place $100 in your account and your account is now at $90, your account is $10 dollars and or 10% in drawdown.

What does SL stands for

SL stands for Stop Loss. A stop loss order allows you to buy or sell once the price of an asset (e.g. BTC) touches a specified price, known as the stop price. This allows you to limit your losses or lock in your profits on a long or short position but can also be used to enter the market.