• OPTION GUARD •
Option Guard is an easy to use but very powerful and flexible software that, for every crypto option position opened, allows to set automatic “Stop Loss” and “Take Profit” orders.
Option Guard software has been developed using with the expertise to create efficient crypto trading software solutions by Bayesian Estimation for Engineering Solutions S.r.l. (BEES) www.bees.srl, an italian startup based in Genova and spin-off of the: Mathematics Department@Università degli Studi di Genova.
OPTIONS MARKET RISKS
Crypto prices change very quickly and the related options react with much bigger magnitude so, while it is possible to make great returns also when the crypto prices go down, it is possible to suffer great and quick losses too.
If you BUY a Call or a Put the risk is to lose 100% of the price paid, but if you SELL a Call or a Put your loss can be unlimited!
These unlimited losses by SELLING an option are amplified if the leverage is employed and, if the Margin Balance of the Account falls below Maintenance Margin requirement, the
Exchange will autonomously start to incrementally reduce the positions also if the positions are Out of Money.
STOP LOSS
The losses that you can accrue when trading crypto options largely depend on how fast you can react to the ongoing changes in the market but when you are manually analyzing trends and positions it might be hard to react quickly to fluctuations also because the crypto market is open 24 hours a day 7 days a week.
“Stop Loss” is a well known trading tool designed to limit the maximum loss of a position by automatically liquidating assets once the market price reaches a specified target value.
The “Stop Loss” orders also help insulate your decision-making from emotional influences because people easily tend to “fall in love” with the trend.
TAKE PROFIT
Sometimes it is useful to set the “Take Profit” order because the crypto price could move in your favor but after a short time could change direction.
In this case the position is closed with a profit leaving you the opportunity to open a new position.
DISCLAIMER
Investing in cryptocurrencies is highly risky and because the crypto markets are extremely volatile and unregulated consult with a qualified professional before making any financial decisions.
This site is not a recommendation to invest in cryptocurrencies nor can the accuracy or timeliness of the informations be guaranteed.
Option Guard is not responsible if, for any reason like for example empty order book, the automatic “Stop Loss” or “Take Profit” order will not be executed.