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Tradefor’s gain-loss page is accessible in the right menu. To view the menu, click on your picture (or icon) in the upper right-hand corner. That will drop down a menu.
Select “Gain-Loss”. Notice that the destination page shows tabs at the top. Tab labels are: “Today”, “Week”, “Month” and “All”.
There are four columns of information labeled “qty”, “unrlzd”, “rlzd” and “total”. Here’s what each label means:
1.) qty = quantity held before assignment
2.) unrlzd = unrealized = the current gain (loss) from positions currently held
3.) rlzd = realized = the gain (loss) from position once held, but then sold, assigned or called away.
4.) total = total gain (loss) including realized and unrealized
The basis cost of units in a position is the price paid. If a partial sale is made from a quantity of units purchased at different times, the G/L calculation will start with the first unit purchased, then go to the next unit purchased, and so on. This method of selecting inventory to calculate performance is called first-in-first-out (FIFO).
If units are called away, then the loss will be the total amount used to purchase the units in the first place. Called away units are booked as a total loss with no payment in kind. Knowing that, it is best to sell units in excess of the assignment limit before the assignment date.
Similarly, if a unit is assigned, there will be a loss recorded to your buying power in the amount you paid for the unit. The difference in this case is that you will have possession of the underlying asset which in all likelihood will be worth more than the loss recorded.
There is no way to place a limit order in Tradefor. This will be a future enhancement.
We are a hybrid exchange specializing in trading digital assets and cryptocurrency-based tokens. We use the public Ethereum blockchain to assign digital assets to our users which can then be viewed in a private wallet.
For a closer look, check this post.
Traders can place a pit order on the trading floor in one of two ways.
The first way is to navigate to the trading floor and interact with a trading avatar. There are separate views on the trading floor – one for “buy” and one for “sell”. A button switches from one view to another.
When trading with an avatar, the user will typically transact in single units. Alternatively, the user can accept the entire volume of units the avatar offers without any volume changes. This is done using the “buy ’em all” or “sell ’em all” buttons.
The second way is to participate as a live trader in the pit. To go to this level, the trader must navigate to Tradefor LIVE. Tradefor LIVE features a means to post a pit trading order, select a counterparty with whom to trade, and negotiate the difference between the bid and the ask prices. This is the most engaging, but also the most advanced way to trade.
Tradefor’s base currency is Ether — the currency built into the Ethereum distributed network. If you want to increase your buying power, you can deposit funds in one of three ways:
(1) Make deposit from an Uphold account
(2) Make deposit in native Ether from another wallet using MetaMask
(3) Make deposit using PayPal or debit/credit card
Tradefor uses Uphold for currency conversions. Deposits into your Tradefor account are limited to a maximum of one Ether every 30 days. This funding cap helps to level the playing field so no one trader becomes too influential in the market simply by depositing massive amounts of Ether into his/her account.
Traders can withdraw Ether at any time up to the amount of Ether that was originally deposited. Profits cannot be withdrawn from Tradefor in Ether. Profits can only be used to trade in more lucrative markets for more expensive goods and services.
Click on the circle located just under the Tradefor logo. This will launch a trade ticket that can be used to either a market order or a limit order with a specific quantity to be traded. Enter the number of units you want to buy, or sell. Preview the trade, then press the “Trade” button to place the order.
As an alternative to using a trade ticket, you can also visit the trading floor and trade directly with floor traders. Floor trading orders are limited to only two quantity options: You can either trade single units, or alternatively, you can accept an entire order offered by a floor trader using the “Buy ’em all” or “Sell ’em all” functions. You cannot change specific unit quantities on the trading floor.