What is Gorilla Jump
How to:
Initial Setup:
Log into your Cube platform account.
Navigate to the trading interface.
Click on the yellow Advanced Trading button.
Creating Orders:
Locate the 'Gorilla Jump' feature within the platform.
Select the starting point for your orders by clicking on either 'bid' (the price someone is willing to pay) or 'mid' (the average of the highest bid and lowest ask price) on the price ladder. This sets the price where your first order sequence will begin.
Specify the amount of assets you wish to allocate for these orders. For instance, you might choose to allocate 25% or 1/4 of your total assets.
Set the order interval, e.g., every 50 cents.
Decide on the total number of orders you want to create, for example, 10 orders.
Review and Execute:
Click 'Review' to overview your orders. You should see each order listed, with the set gap (known as an interval ) of 50 cents between them.
If all looks goof, click 'Execute'. This action will place all your orders at the same time.
Exiting the Market | Stepping Back:
If at any point you desire to cancel all your orders and exit the market, simply click the 'X' button. This will withdraw all your placed orders in an instant.
Gorilla Jump | Fun Analogy
Understanding the Trading Jungle:
Imagine the trading platform as a vast jungle, where each tree represents a potential trade or order. 'Gorilla Jump' is like having an agile guide who can swiftly climb up the tree (price ladder) and place fruits (orders) at various branches (price points).
Starting your jungle expedition:
First things first, you need to decide where to start. This is akin to selecting your starting price on the trading ladder. Do you start at the base of the tree ('bid') or somewhere midway ('mid')? This decision will set the direction of your trading journey.
Allocating Your Resources:
In any expedition, knowing how much supplies to carry is crucial. 'Gorilla Jump' is essentially asking you to decide how much of your assets (supplies) you want to commit to this journey. Maybe you'll choose a quarter of your total assets, ensuring you don't put all your fruit in one basket.
Mapping Your Route:
Now, how far and wide do you want to spread your orders? This is like deciding how many branches of the tree you want to place your fruits on. Setting an interval (say, every 50 cents) helps you distribute your orders evenly across the trading price ladder.
Embarking on the Climb:
With everything planned, it's time to take action. Review your plan ('Review' button) to ensure that you are happy with your direction & plan.
If everything looks correct, Then let 'Gorilla Jump' take over and watch as your orders are placed swiftly, like a gorilla leaping through the branches.
Knowing When to Retreat:
A wise explorer knows when to retreat. If the jungle gets too wild or if you've gathered enough fruits ( The market is doing poor, or you have made significant gains), simply signal your guide (click 'X') to gather all your orders and exit the jungle promptly.
Understanding the Traditional Trading Strategy at Play
'Gorilla Jump' is not just about placing orders; it's a manifestation of a seasoned trading strategy known as 'scaling' or 'laddering'. Imagine a trader like a gardener. Instead of planting seeds (orders) all in one spot, he scatters them across various depths (price levels). Why? To maximize the chances of growth (profit) irrespective of how the weather (market) behaves.
By placing orders at different levels, a trader ensures that they're not overly reliant on a single market movement. It's similar to betting across different outcomes. Some might sprint ahead while others might lag, but overall, your chances of success are better if diversified.
Just like how a jungle gardener waters his plants, a trader monitors these orders, ready to prune or harvest them (exit the market) when the time is ripe.