How to Trade Options on CoinSwitch App

[00:02] how to do option trading through Coin Switch application. So if you haven't created an account on Coin Switch yet I'll provide the link in the video description. You can easily create an account by clicking from there. And after creating the account, when your account is finally opened, you will

[00:15] see this type of interface. As you can see now. Now here you get an option of Web3 at the top. Futures are on its right. After this comes the I have made a dedicated video on this. You will find it on the channel. There

[00:30] option written here is Lower Fee. You have to click on this. As you click you will go to Pro. Okay, right? And now here you can trade in options. Now whatever is there here is about Pro Option. At the

[00:45] top you will see Margin Mode. Ok? When you click here, two will appear. One will be the portfolio mode. Second will come cross mode. Ok? So you can do whichever of these you want. After this, there are two price in here, one is IAR and the other

[01:00] we do it in IAR. Now all the prices will be visible to you in IAR. Come down. After that, if you take any position in your positions, it will be visible here that we do not have any position right now. How much money do you have right now ? So in the option I have zero

[01:14] money. Only then can you trade in options. So here you have to click on transfer. I So here you have to click on transfer. I currently have ₹284.94 in my IAR. I want to transfer it to option. Ok? So I click on 100%

[01:27] and I will transfer it here. As soon as you transfer, all your money will be transferred here and your balance will be visible here as ₹284.93. Ok? So the first task is done. Now here you are getting to see multiple options. There

[01:40] you are getting to see multiple options. There Crypto is for deposits. There are trading contacts. Apart from this there is Coin Switch Cares. In this way, if you want to see the option chain, then you can see which of these coins' option

[01:53] chain you want to see. Like Bitcoin, Ethereum, Solana, XRP Bitcoin, Ethereum, Solana, XRP , MNT Dog, you can see all these option chains. will come down a little. There is an option to explore. If you go to Most Traded here, then

[02:06] go to Most Traded here, then which are the options that are being traded the most? You can see that it has gained the most among the top gainers. And if you want to see Top O Y, you can see Top Y here by clicking on Top Y. If you

[02:20] click on View All and more data will be visible. can see that the name of xrp is there. Solana is also named. So 319 is the top gainer in xrp. The

[02:36] is also named. So 319 is the top gainer in xrp. The 319 call is 56 5640 put in Solana. Solana itself has a put of 7520. All of them have become top gainers. Ok? So let's see the first thing. After this, below it comes trade. Click on trade.

[02:52] So now you are seeing one thing that this option chain has now opened. Here the price is visible first and if you see at the top, there is BTC option, then by clicking here you

[03:07] you will click on Solana. The option chain that has opened now is of Solana. 2 December is written on its right. 4 hours 23 minutes time left. So if you want, by clicking here you can take the option of 3 December, 4 December or 5 December. You can decide when to

[03:23] take the option of expiry. IB show has to be done. If you click on this box, IB will also show. We remove it. Price is doing a show at IAR. You can use scaler mode by going to scaler mode and clicking on it. So we don't have to do that.

[03:35] Ok? So you have seen all the basic things. And now we have to see how we take trades in options. So suppose that right now everyone here is looking negative. Ok ? We take a look at someone else. Let's

[03:51] try the option chain in XRP. This is the XRP option chain that has just opened. [Music] xRP I do

[04:06] Come on, we just have to take it and show it to you. For example, suppose the market is currently at 188.6862. Ok? Now you have to first trade the charts to see whether there is upside momentum or downside momentum in the market.

[04:18] You have to take the trade accordingly. If you see upside momentum, that is, the market is going to go up, then you can call buy. If you think the market is going to go down, you can buy a put. So to call bye,

[04:30] you will do it from the middle row. Now you have to select the strike price and what is you have to select the strike price and what is your name here to buy put? The right one is the put mark price. You can select from here. So if I feel that the

[04:43] market will go down then I buy a put. From here I try to buy a put from here. And as soon as you click on Buy, you will see that you should have ₹187.92. Only then can you buy it and

[04:57] I have enough amount right now so I will do it. There are two options here, let me tell you some things at the top. Firstly, you will be able After this there is a buy option. We have to buy the sell option. We currently have a market order in the market.

[05:13] also set a limit order by clicking on Limit Order. From here you can change the lot size. I currently have five lots. You can do six if you want. Sorry, can't do six. After five it will become 10. It will become 15 or it will become five.

[05:29] Ok? Okay, right? So suppose you have to do five to six, then from here you can do 10 first and then do six. It will have to be done this way. But we take only five by default. Ok? You will do all these things. If we talk about one lot, it is 10

[05:42] XRP and in five lots you are placing a position of 50 XRP. Have to look at the order book. By clicking on Show you can see the order book where most people have entered. You have done everything. Now you just have to click on Buy Put.

[05:57] We clicked on Buy Put. We got into position. So in this way you can come into position normally. Now after getting into position you can look into the position. Open positions have one and order open orders have zero. One in an open position

[06:12] means that you are currently holding a position. You will come down to IAR position. Here one option is for exit option and the other is for exit option. If you exit, you will exit directly. and the other is for exit option. If you exit, you will exit directly.

[06:26] set a stop loss. Plus there is an option to add TPSL. From here you can set target stop loss. Now suppose you want to see the chart, then where it is written XRP 190350, you will have to see the chart, then where it is written XRP 190350, you will have to

[06:42] first there is a book here and second there is a chart. The third is trades. It has to come on the chart. Now after coming to the chart you can see that currently it is a 1 hour chart. If you want, you can change the time frame. Let's say we do it on a 5 minute time frame. Now this kind of

[06:55] momentum is being seen here. If you want, you can check it once on the longer time frame or you want, you can check it once on the longer time frame or on the daily time frame. So if you look at the daily time frame, there is pressure in the market right now. Isn't it

[07:12] ? Feeling selling pressure. And if you come in 5 minutes, then you will be upstairs in 5 minutes.

[07:32] can do chart analysis in this way. According to the chart, So in this way we saw all the things. Now suppose I have suffered a loss of ₹27.26 which is around 22-23% and I invested ₹121.26. It will

[07:48] increase gradually. So whatever happens, we just had to tell you. So whether it is profit or loss, it does not matter much to us. Now how do we get out of here ? Before this, let us see how to add stop loss and target. We will click on this.

[08:01] Let's say I placed a stop loss. Ok? So I placed a stop loss and my target was also 80% and I placed a stop loss of 55%. Now I will confirm it here. So this way your

[08:16] stop loss target is all set. Now suppose you want to exit by selling, then Now suppose you want to exit by selling, then you will click on Exit and here you will click on Exit and here

[08:29] limit order, you will have to set a price. Then it will happen after that. So we place a As soon as you confirm, you can see that you have exited your position and you can see how much loss you have incurred. So how much did we lose? When you

[08:43] come to home, you will see unrealized profit loss here, then ₹61.10 total is showing in our unrealized profit loss. Ok? We no longer have any

[08:56] finally this is how you trade options. Have to get out of here. walk out of here. I hope you liked the video. If you liked the video, please like and share it and if you have any doubts, ask in the comments.