What Is Instant Flip?
The fast-paced nature of the crypto market, where prices shift rapidly within seconds, presents challenges and opportunities that traders have to navigate daily. Traders often find themselves in situations where they need to swiftly adapt to these fluctuations to maximise profits or minimise losses.
In such a volatile environment, even a fractional delay can drastically impact a trader's bottom line. Just a few extra clicks or seconds wasted can make the world of a difference. Recognizing this, and in pursuit of optimising the trading process, Flipster introduced the game-changing Instant Flip feature.
What Is Instant Flip
Instant Flip is an innovative feature that addresses the inherent challenges of crypto trading, particularly the time sensitivity of capitalizing on price swings. The act of transitioning between trading positions is streamlined, allowing traders to nimbly navigate market fluctuations.
In traditional trading scenarios, transitioning from a long to a short position (or the reverse) necessitates two distinct steps: closing the initial position and subsequently initiating a new one. This approach, while functional, is riddled with inefficiencies and opens the door to potential errors, especially given the rapid pace of the crypto market.
Instant Flip revolutionises this by simplifying the long-drawn traditionalprocess into a single click. When traders observe a downward price trend, they can utilise Instant Flip to instantaneously transition from a long to a short position, capitalizing on the downturn. Conversely, in the face of an upward price trajectory, a short position can be flipped to a long one, allowing traders to harness the rising market momentum.
What Is a Flip Combo?
A Flip Combo is earned when you use the Instant Flip feature to reverse an open position (long or short) and close it with a profit. Each profitable flip using the Instant Flip function adds one to your Flip Combo count.
To achieve a Flip Combo, simply click [Flip to Long] or [Flip to Short] on an open position. Consecutive profitable flips will build a streak, allowing you to achieve a higher Flip Combo count.
How Does Instant Flip Work
On Flipster, when traders use the Instant Flip feature, orders will be executed as a market order. This means both the exit price for the closing order and the entry price for the opening order are fulfilled based on the Best Bid Price/Ask Price.
Long position: When a trader decides to use Instant Flip for a long position, the exit price is the Best Bid Price. Simultaneously, the new opposite position (short) is also opened at this Best Bid Price.
Short position: The exit price is the Best Ask Price. Simultaneously, the new opposite position (long) is established at this Best Ask Price.
The quantity of the new position will be based on the invested funds, and also include the realised profit or loss of the original position.
Example: If the value of the trader's current open long position in BTC is $1,000 when using the Instant Flip feature, the value of the newly opened short position will also be $1,000.
Benefits Of Instant Flip
Lightning-Fast Performance
In the fast-paced crypto world, timing is everything. The primary advantage of Instant Flip is its speed. With this feature, traders can execute crucial trading decisions promptly on the go.
Risk Management
Manage your risk effectively with the Instant Flip feature, especially during sudden market reversals, to seize opportunities from rising trends or safeguard investments from sudden downturns.
Saves Time and Effort
Instead of having to undergo the cumbersome process of closing a position and manually opening another, Instant Flip allows traders to do it all in one click, without the inconvenience of multiple clicks to reverse positions.
How To Use Instant Flip On Flipster
Flipster’s simple and user-friendly interface makes it easy to learn and use for both new and seasoned traders. The Instant Flip feature allows users to seamlessly close their current position and initiate a new one in the opposite direction, all with a single tap. Here’s how to use the Instant Flip feature on Flipster:
Sign up for an account on the Flipster website or by downloading the Flipster app (Android or Apple).
Navigate to the [Trade] tab.
In the order form, located under the Positions tab, choose an open position for any cryptocurrency pair.
If you’re holding a long position, the [Flip to short] button will appear, and vice versa.
On the Preview screen, verify the details of your flip, and confirm the transaction.
For more information, please refer to our FAQ section and guide.
Disclaimer: This material is for information purposes only and does not constitute financial advice. Flipster makes no recommendations or guarantees in respect of any digital asset, product, or service. Trading digital assets and digital asset derivatives comes with significant risk of loss due to its high price volatility, and is not suitable for all investors.