#What New Features Does Phantom Offer in Perpetual Futures Trading?
Phantom, a wallet app that focuses on Solana, has introduced limit orders to enhance its Perps trading feature. This significant update allows users to set take profit and stop loss triggers directly on their perpetual futures positions, thereby enabling more strategic trading decisions.
With this development, users can automate the closure of their positions at predetermined prices, improving overall risk management. The intuitive drag-and-drop functionality on the perp chart allows for easy adjustment of stop loss and take profit levels, ensuring that you can act quickly in a fast-paced trading environment.
#How Do Limit Orders Benefit Retail Investors?
Limit orders enable retail investors to manage their trading risk better. With the ability to enhance existing positions, investors can increase their market exposure while maintaining leverage. This functionality ensures that Phantom users are not just limited to basic trading but can now engage with advanced order management tools.
The added capability of setting limits on your trades creates a more automated and disciplined approach, which is essential when dealing with volatile markets. It empowers users to participate in perpetual futures trading with greater confidence and clarity.