Complete Trading Guide
This comprehensive guide covers all aspects of trading on Polynomial Trade, from basic position management to advanced risk management techniques.

Table of Contents
Opening and Closing Positions
Prerequisites
Connected wallet with USDC deposited
Understanding of trading basics
Basic knowledge of position types
Opening Positions
Step 1: Choose a Market
Go to Polynomial Trade
Select a market from the list (e.g., BTC-PERP, ETH-PERP)
Review market information:
Current price
24h change
Volume
Open interest
Step 2: Select Position Type
Long Position (Bullish)
When to Use: Expecting price to rise
How it Works: Buy low, sell high
Risk: Limited to your margin
Reward: Unlimited upside potential

Short Position (Bearish)
When to Use: Expecting price to fall
How it Works: Sell high, buy low
Risk: Limited to your margin
Reward: Profit from price decline

Step 3: Set Position Parameters
Position Size
Enter the amount of USDC you want to use as margin
This is your collateral, not your total position size
Start small for beginners ($10-50)
Leverage
Choose your leverage multiplier (1x to 50x)
Beginners: Start with 1x-3x leverage
Higher leverage: Higher risk and potential reward
Maximum: 50x leverage available

Order Type
Market Order: Executes immediately at current price
Limit Order: Executes only at your specified price
TP/SL Order: Includes take-profit and stop-loss
Step 4: Review and Execute
Review all position details:
Market and direction
Position size and leverage
Fees and keeper deposit
Liquidation price
Click "Long" or "Short" to execute
Confirm the transaction in your wallet
Managing Open Positions
Position Overview
After opening a position, you can view:
Entry Price: Price at which you entered
Current Price: Current market price
Position Size: Size of your position
Unrealized P&L: Current profit/loss
Liquidation Price: Price at which you'll be liquidated
Position Management Options
Add to Position
Go to the Positions tab
Click on your existing position
Select "Add to Position"
Enter additional margin amount
Confirm the transaction
Reduce Position
Go to the Positions tab
Click on your position
Select "Reduce Position"
Enter the amount to reduce
Confirm the transaction
Closing Positions
Step 1: Access Your Position
Go to the Positions tab
Find the position you want to close
Click on the position to view details
Step 2: Choose Closing Method
Market Close
Execution: Immediate at current market price
Use Case: Quick exit from position
Risk: Price may move against you
Limit Close
Execution: Only at your specified price
Use Case: Better price execution
Risk: May not execute if price doesn't reach target
Step 3: Execute Close
Select your closing method
Review the closing details:
Closing price
Realized P&L
Fees
Click "Close Position"
Confirm the transaction
Order Types and Execution
Limit Orders
Limit orders allow you to specify the exact price at which you want your trade to be executed. Unlike market orders that execute immediately at the current price, limit orders only execute when the market reaches your specified price.
Key Benefits
Price Control: Execute at your desired price
Better Execution: Avoid slippage from market orders
Risk Management: Set precise entry and exit points
Patience: Wait for better prices without monitoring
Types of Limit Orders
Buy Limit Orders
Purpose: Buy at a lower price than current market
Use Case: Entering long positions on dips
Execution: Only executes when price drops to your limit
Sell Limit Orders
Purpose: Sell at a higher price than current market
Use Case: Taking profits or entering short positions
Execution: Only executes when price rises to your limit
Setting Limit Orders
Step 1: Choose Your Market
Go to Polynomial Trade
Select the market you want to trade
Review current price and market conditions
Step 2: Select Limit Order Type
In the order panel, select "Limit" order type
Choose "Buy" or "Sell" based on your strategy
Set your position parameters
Step 3: Set Order Parameters
Limit Price
Enter your desired execution price
Buy Limit: Set below current market price
Sell Limit: Set above current market price
Precision: Use appropriate decimal places
Position Size
Enter the amount of USDC for margin
This determines your position size
Consider your risk tolerance
Leverage
Choose your leverage multiplier
Beginners: Start with 1x-5x leverage
Advanced: Use higher leverage with caution
Step 4: Review and Place Order
Review all order details:
Market and direction
Limit price
Position size and leverage
Fees and keeper deposit
Click "Place Order"
Confirm the transaction in your wallet
Stop Market Orders
Stop market orders are conditional orders that convert to market orders when a specified stop price is reached. They're primarily used for risk management and breakout trading strategies.
Key Characteristics
Conditional Execution: Only execute when stop price is hit
Market Execution: Convert to market order when triggered
Price Protection: Protect against adverse price movements
Breakout Trading: Enter positions on price breakouts
Types of Stop Market Orders
Stop-Loss Orders
Purpose: Limit losses on existing positions
Direction: Opposite to your position direction
Use Case: Risk management for open positions
Execution: Triggers when price moves against you
Stop-Entry Orders
Purpose: Enter positions on price breakouts
Direction: Same as desired position direction
Use Case: Breakout trading strategies
Execution: Triggers when price breaks key levels
Setting Stop Market Orders
Step 1: Choose Your Market
Go to Polynomial Trade
Select the market you want to trade
Review current price and market conditions
Identify key support/resistance levels
Step 2: Select Stop Market Order
In the order panel, select "Stop Market" order type
Choose "Buy" or "Sell" based on your strategy
Set your order parameters
Step 3: Set Order Parameters
Stop Price
For Stop-Loss: Set below current price for longs, above for shorts
For Stop-Entry: Set above current price for longs, below for shorts
Key Levels: Use support/resistance levels
Buffer: Add small buffer to avoid false triggers
Position Size
Enter the amount of USDC for margin
Consider your risk tolerance
Account for potential slippage
Plan for worst-case scenarios
Leverage
Choose appropriate leverage
Beginners: Start with 1x-5x leverage
Advanced: Use higher leverage with caution
Risk Management: Consider leverage impact on risk
Step 4: Review and Place Order
Review all order details:
Stop price and trigger conditions
Position size and leverage
Fees and execution details
Risk parameters
Click "Place Order"
Confirm the transaction in your wallet
Take-Profit and Stop-Loss Orders
Take-profit and stop-loss orders are essential risk management tools that automatically close your positions at predetermined price levels.
Take-Profit (TP) Orders
Purpose: Automatically close position at profit target
Use Case: Secure profits without manual monitoring
Execution: Closes position when price reaches target
Benefit: Guarantees profit at desired level
Stop-Loss (SL) Orders
Purpose: Automatically close position at loss limit
Use Case: Limit downside risk
Execution: Closes position when price hits stop level
Benefit: Prevents large losses
Setting TP/SL Orders
Step 1: Access Your Position
Go to Polynomial Trade
Navigate to the Positions tab
Find your open position
Click on the position to view details
Step 2: Choose Order Type
Select "TP/SL Order" from the order types
Choose your position direction (Long/Short)
Set your order parameters
Step 3: Set Take-Profit Price
For Long Positions
Set TP price above your entry price
Example: Entry at $50,000, TP at $55,000
Calculation: Target profit = (TP - Entry) × Position Size
For Short Positions
Set TP price below your entry price
Example: Entry at $50,000, TP at $45,000
Calculation: Target profit = (Entry - TP) × Position Size
Step 4: Set Stop-Loss Price
For Long Positions
Set SL price below your entry price
Example: Entry at $50,000, SL at $47,500
Calculation: Maximum loss = (Entry - SL) × Position Size
For Short Positions
Set SL price above your entry price
Example: Entry at $50,000, SL at $52,500
Calculation: Maximum loss = (SL - Entry) × Position Size
Step 5: Review and Confirm
Review all order details:
Take-profit price and potential profit
Stop-loss price and maximum loss
Risk-reward ratio
Fees and execution details
Click "Place Order"
Confirm the transaction in your wallet
Risk Management
Position Sizing
Risk Per Trade
Conservative: Risk only 1-2% of account balance per trade
Maximum Position: 10-20% of account balance
Diversification: Don't put all capital in one position
Risk-Reward Ratio
1:2 Ratio: Risk $1 to make $2
1:3 Ratio: Risk $1 to make $3
Minimum: Aim for at least 1:1.5 ratio
Calculation: (TP - Entry) / (Entry - SL)
Stop-Loss Strategies
Fixed Stop-Loss
Method: Set stop at fixed percentage below entry
Example: 5% stop-loss on long position
Advantages: Simple and consistent
Disadvantages: May not account for volatility
Technical Stop-Loss
Method: Set stop at technical levels
Example: Below support level for longs
Advantages: Accounts for market structure
Disadvantages: Requires technical analysis
Trailing Stop-Loss
Method: Stop follows price in favorable direction
Example: 3% trailing stop on profitable position
Advantages: Locks in profits while allowing upside
Disadvantages: May exit too early in trends
Take-Profit Strategies
Fixed Take-Profit
Method: Set profit target at fixed percentage
Example: 10% take-profit on long position
Advantages: Simple and consistent
Disadvantages: May not capture full trend
Technical Take-Profit
Method: Set profit target at technical levels
Example: At resistance level for longs
Advantages: Based on market structure
Disadvantages: Requires technical analysis
Partial Take-Profit
Method: Close portion of position at targets
Example: Close 50% at first target, 50% at second
Advantages: Reduces risk while maintaining exposure
Disadvantages: More complex management
Leverage Management
What is Leverage?
Leverage allows you to control a larger position size with a smaller amount of capital. It amplifies both potential profits and losses, making it a powerful but risky tool.
How Leverage Works
Position Size: Leverage multiplies your position size
Margin Requirement: You only need a fraction of the position value as margin
Profit Amplification: Profits are multiplied by leverage amount
Loss Amplification: Losses are also multiplied by leverage amount
Example
Capital: $1,000
Leverage: 10x
Position Size: $10,000
10% Price Move: Results in 100% profit/loss on your capital
Leverage Options on Polynomial
Available Leverage
Minimum: 1x (no leverage)
Maximum: 50x
Common Ranges: 1x-5x (conservative), 5x-20x (moderate), 20x-50x (aggressive)
Adjustable: Can be changed for each position
Choosing Appropriate Leverage
For Beginners (1x-5x)
Risk Level: Low to moderate
Learning Phase: Good for learning the platform
Capital Preservation: Focus on capital preservation
Gradual Increase: Can increase as experience grows
For Intermediate (5x-20x)
Risk Level: Moderate to high
Experience Required: Need trading experience
Risk Management: Must have good risk management
Market Knowledge: Should understand market dynamics
For Advanced (20x-50x)
Risk Level: Very high
Expert Level: Only for experienced traders
Risk Management: Must have excellent risk management
Market Timing: Requires precise market timing
Leverage Management Strategies
Conservative Approach
Low Leverage: Use 1x-3x leverage
Capital Preservation: Focus on preserving capital
Gradual Growth: Aim for steady, consistent growth
Risk Control: Maintain strict risk control
Moderate Approach
Medium Leverage: Use 5x-15x leverage
Balanced Risk: Balance risk and reward
Market Analysis: Use technical and fundamental analysis
Position Sizing: Size positions appropriately
Aggressive Approach
High Leverage: Use 20x-50x leverage
High Risk/Reward: Accept high risk for high reward
Expert Level: Only for expert traders
Strict Management: Requires strict risk management
Cross-Margin Trading
What is Cross Margin?
Cross-margin uses your entire account balance as collateral for all open positions, allowing you to maximize capital efficiency and manage risk across your entire portfolio.
Key Benefits
Capital Efficiency: Use entire account balance as collateral
Risk Distribution: Spread risk across all positions
Flexibility: Easy to manage multiple positions
Lower Margin Requirements: Reduced overall margin needs
How It Works
Unified Collateral: All positions share the same margin pool
Dynamic Allocation: Margin automatically adjusts based on position sizes
Real-time Updates: Margin requirements update continuously
Portfolio View: See all positions and their combined impact
Setting Up Cross Margin
Step 1: Access Trading Interface
Go to Polynomial Trade
Connect your wallet
Navigate to the trading interface
Verify cross-margin is enabled (default setting)
Step 2: Understand Your Account
Total Equity: View your total account balance
Used Margin: See margin currently in use
Available Margin: See margin available for new positions
Margin Ratio: Monitor your margin utilization
Cross Margin Strategies
Portfolio Diversification
Multiple Markets: Trade across different markets
Uncorrelated Positions: Use uncorrelated positions
Risk Distribution: Distribute risk across positions
Capital Efficiency: Maximize capital efficiency
Hedging Strategies
Long/Short Pairs: Hedge positions with opposite trades
Market Neutral: Create market-neutral strategies
Risk Reduction: Use hedging to reduce overall risk
Profit Optimization: Optimize risk-adjusted returns
Dynamic Rebalancing
Performance Based: Adjust based on position performance
Risk Based: Rebalance based on risk metrics
Market Based: Adjust based on market conditions
Systematic: Use systematic rebalancing rules
Avoiding Liquidation
What is Liquidation?
Liquidation occurs when your margin balance falls below the required maintenance margin level. When this happens, your position is automatically closed to protect the system and other users.
Liquidation Process
Trigger: Margin falls below maintenance level
Automatic: Position is automatically closed
Partial Recovery: Any remaining margin is returned
Fees: Liquidation fees are charged
Why Liquidation Happens
Insufficient Margin: Not enough margin to cover losses
High Leverage: Using too much leverage
Market Volatility: Adverse price movements
Poor Risk Management: Lack of proper risk management
Understanding Liquidation Risk
Liquidation Price
Calculation: Based on your entry price, leverage, and margin
Monitoring: Always know your liquidation price
Updates: Liquidation price updates with position changes
Safety Buffer: Maintain buffer above liquidation price
Margin Requirements
Initial Margin: Required to open position
Maintenance Margin: Required to keep position open
Margin Call: Warning when margin is low
Liquidation: Automatic closure when margin is insufficient
Liquidation Prevention Strategies
1. Proper Position Sizing
Risk Per Trade: Risk only 1-2% of account per trade
Account Protection: Protect account from large losses
Leverage Consideration: Consider leverage impact on position size
Diversification: Don't concentrate risk in one position
2. Appropriate Leverage
Start Low: Begin with low leverage (1x-5x)
Gradual Increase: Increase leverage as experience grows
Risk Assessment: Assess risk tolerance before using high leverage
Market Conditions: Adjust leverage for market conditions
3. Stop-Loss Orders
Always Use Stops: Never trade without stop-loss orders
Logical Placement: Place stops at logical technical levels
Regular Review: Review and adjust stops regularly
Trailing Stops: Use trailing stops to lock in profits
4. Margin Management
Adequate Margin: Keep sufficient margin in account
Margin Monitoring: Monitor margin levels regularly
Additional Funds: Have additional funds available
Emergency Plans: Have plans for margin emergencies
Emergency Procedures
When Liquidation Risk is High
Assess Situation: Quickly assess the situation
Reduce Leverage: Reduce leverage if possible
Close Positions: Close some positions to free margin
Add Margin: Add more margin to account
Use Stops: Ensure stop-loss orders are in place
Margin Call Response
Immediate Action: Take immediate action
Add Funds: Add funds to account if possible
Reduce Risk: Reduce risk by closing positions
Emergency Plans: Execute emergency plans
Contact Support: Contact support if needed
VIP Program
The Polynomial VIP Program rewards our most dedicated traders with exceptional fee discounts. Based on your 30-day trading volume on Polynomial Trade, you can achieve VIP tiers with fees as low as 0/1.5 bps at the highest tier.
How the VIP Program Works
Our VIP program is all about rewarding trading volume. With nine tiers ranging from Normie to Whale, each level comes with progressively lower fees. Here's how you can climb the ladder:
Live tracking: Your trading volume is tracked over a rolling 30-day period. The more you trade, the more you level up!
Automatic Upgrades: As soon as you hit the volume requirement for a new tier, you'll instantly unlock the corresponding fee discounts.
Benefit from Lower Fees: Fee reductions happen in real-time, giving you immediate access to savings as soon as you reach a new level.
Polynomial VIP Levels and Fee Structure
The standard Normie trader pays the regular fees of 4 bps for maker and 6 bps for taker trades. But with our new VIP program, high-volume traders can enjoy significant savings. Whale traders, for instance, can trade at incredibly low fees, thanks to the benefits of the VIP tiers.

Trading Referral Program
Polynomial's trading referral program rewards you for bringing new users to the platform. With a powerful 3-tier system, you earn not just from your direct invites - but also from their network.

Rewards Structure
L1
Direct referrals
10% of trading fees + 20% of their Trading Points
L2
Indirect referrals
2% of their trading fees
L3
Extended referrals
1% of their trading fees
Key Benefits
🔁 Lifetime rewards - Earn forever from your network
💎 Trading Points sharing - Earn 20% of L1 referrals' Trading Points
💰 USDC payouts - All rewards paid in USDC
🎁 Trader discounts - Referrals get up to 40% discount on trading fees
🚫 No caps - Unlimited earning potential
How Rewards Work
Example: You invite Alice, who trades $10,000,000 and pays $5,000 in trading fees.
Alice (L1) → You earn:
$500 (10% of fees)
20% of the Trading Points she earns
Alice invites Bob, who pays $5,000 in fees → You earn $100 (2%)
Bob invites Charlie, who pays $5,000 in fees → You earn $50 (1%)
Total earnings: $650 USDC + Trading Points
How to Get Started
Step 1: Generate Your Referral Link
Navigate to the Referral Page in your Polynomial Trade account
Copy your unique referral link
Note your referral code for easy sharing
Step 2: Share the Link
Social Media: Share on Twitter, Discord, Telegram
Content Creation: Include in articles, videos, blogs
Direct Sharing: Send to friends and network
Community Engagement: Share in relevant communities
Note: Traders who use your link get up to 40% off on fees when they sign up.
Step 3: Track Referrals
See who signed up through your link
Monitor their trading activity
Track your total rewards
View detailed analytics
Watch the Video 🎥 Quick walkthrough below 👇
Claiming Rewards
Reward Distribution
See total earnings and withdrawable amount on the Referral page
USDC payouts to your Polynomial Wallet
Minimum balance of $10 required to withdraw
Daily updates at 1 PM UTC - withdraw anytime
Withdrawal Process
Check your referral dashboard for available balance
Ensure you have minimum $10 balance
Click withdraw to transfer USDC to your wallet
Use bridge to move funds to other chains if needed
Tips to Grow Your Referral Tree
Content Strategy
Educational content: Create tutorials and guides
Success stories: Share your trading success
Platform updates: Keep community informed
Community engagement: Be active in discussions
Network Building
Quality over quantity: Focus on active traders
Support network: Help referrals succeed
Encourage referrals: Motivate your network to refer others
Community building: Create value for your network
Strategic Sharing
Right communities: Share in relevant trading communities
Timing: Share during high-activity periods
Personal touch: Personalize your approach
Value first: Provide value before asking for referrals
Terms & Conditions
Referral rewards are based on net trading fees paid
Payouts are made in USDC
Polynomial reserves the right to update the program as needed
All referrals must be new users to the platform
Rewards are subject to platform terms and conditions
Best Practices
Before Opening Positions
Research: Understand the market you're trading
Plan: Have entry, exit, and risk management plan
Size: Start with small position sizes
Leverage: Use appropriate leverage for your experience
While Managing Positions
Monitor: Regularly check your positions
Adjust: Modify stops and targets as needed
Emotions: Don't let emotions drive decisions
Journal: Keep track of your trades
When Closing Positions
Stick to Plan: Follow your original plan
Take Profits: Don't be greedy
Cut Losses: Don't let losses run
Learn: Analyze your trades for improvement
Common Mistakes to Avoid
Over-leveraging: Using too much leverage too soon
No Stop-Loss: Not setting risk management orders
Emotional Trading: Making decisions based on fear or greed
Revenge Trading: Trying to recover losses immediately
Ignoring Fees: Not accounting for trading and funding costs
Troubleshooting
Common Issues
Position Not Opening
Check if you have sufficient margin
Verify you're on the correct network
Ensure you have enough gas for transactions
Try again during lower traffic periods
Position Not Closing
Check if you have sufficient balance for fees
Verify the position is still open
Ensure you're using the correct closing method
Contact support if persistent issues
Unexpected Liquidation
Review your liquidation price
Check if you had sufficient margin
Understand the liquidation process
Learn from the experience
Getting Help
FAQ: Check common questions
Community: Join Discord for peer support
Support: Contact us for direct assistance
Next Steps
After learning to trade:
Understanding Cross-Margin - Learn margin management
Debt Mechanism - Understand risk management
Advanced Trading Strategies - Explore advanced techniques
API Documentation - Access trading APIs
Important Reminders
Start Small: Begin with small position sizes
Use Stop-Losses: Always set risk management orders
Monitor Positions: Regularly check your open positions
Learn Continuously: Improve your trading skills over time
This comprehensive trading guide covers all essential aspects of trading on Polynomial. Master these fundamentals before moving on to advanced strategies and risk management techniques.
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