Video Nk-Ma64S_3Y

[02:31] Thank you so much to everyone watching us live on YouTube. Well, here we are with another webinar. We're with Camilo Rodríguez. Hi Cami, how are you? Camilo, it's a pleasure. How are you? Camilo is a very good friend and a

[02:48] very well-known futures trader. Today we've invited him to help us and tell us a little about how he trades futures and what the basics are. Cami has been in the crypto world since 2016, so he's been around for about that long, so he's already

[03:06] gone through several bull and bear cycles and experienced all possible market conditions. So there's no better person than him to join us for these two futures classes we'll be covering, so he

[03:20] doubts, and teach us how to use this tool, which is so interesting and yet generates so many questions. I don't

[03:32] think we all get so many doubts every time we try to trade futures, because it's not something that... We're used to the day-to-day, so there's nothing better than an expert. Cami, I'll let you introduce yourself and

[03:45] tell us a little about what we'll be seeing. Perfect, Maxi. Thank you so much for the opportunity, it's a pleasure to be here. First of all, greetings to everyone watching us today on Vainas Latinoamérica. My name is

[03:57] Camilo Rodríguez, with the eye Maxi. I've been Today, I mainly focus on

[04:11] specialize in scalping. Of course, my main focus is on price action, price behavior, and volume. My area of

[04:26] expertise is Foodprint, which is a slightly more advanced branch of trading. Today, we'll be mainly talking about how Binance Futures works, how the futures tools work. My goal in this session is to give

[04:39] that Binance has so you can fully exploit its features. So, I hope you enjoy this slide. Please leave any questions you have for more information. Whether you find it complicated or basic,

[04:53] use this chat as a help space to ask any questions you may have. Again, thank you very much to Vainas for this space. So let's begin, and a good one to everyone. We're going to

[05:06] we're looking at right now is Binance Features. Remember something very important: before starting your Vainas Features account, you must have explain here is purely educational information.

[05:22] Please use this information at your own risk. Also, everything I 'm telling you here is not financial advice. You must trade at your own risk and within your own limits. Having said that, let's take a look at the

[05:37] general overview of the Vainas Futures platform. Today I want to talk a little about the anatomy of the exchange, how to place orders, and we'll do a couple of live trades. So let's start with the most important thing. At the top of

[05:50] Vainas, you'll find the multitasking menu to access different types of tools. In case you want, you can always choose the "Most Traded" option or the "I'm Most Traded" option. The trade is on Binance BTC USD. You're going to

[06:04] find two very important things here. Okay, what we're seeing here right now—notice the name here, it says it's a Perpetual. What does Perpetual mean? In the cryptocurrency market, there's

[06:20] when you buy and sell a currency. What does this mean? I have bitcoins, I sell them and get USDT. Likewise, I have USD, I buy them to make a purchase, I buy bitcoin to get BTC. The purchase is cash. Spot trading is

[06:35] basically operations where there's an immediate buyer and seller. Okay, immediate buyer and seller. Okay, in futures, or in derivatives contracts, there are two types of tools. There are perpetuals,

[06:47] over time. I can rent a position, going up or down, and profit while that position is open. What derivatives mainly allow is the ability to increase our risk tolerance in the

[07:01] markets, to do so with little capital. In this case, this wallet has a position of 500 USD. Here at the top where it says "available," you portfolio also has leverage. At the top, you'll see the leverage. Leverage is simply

[07:16] a tool to increase market exposure. In my view, leverage is simply a tool to avoid leaving too much money in exchanges and only leave what you

[07:28] 're willing to risk. Use it that way. It's simply an additional tool. If I currently have $500 and my leverage is 7x, the risk exposure I can have

[07:41] in the market will be 500 times 7, or 3,500 USDT, both for down and up markets. Okay, that's the first important point.

[07:55] Going back to what we were talking about, we basically have perpetual trades, meaning functions where I can buy the asset with a larger amount, with greater risk exposure than I have.

[08:10] In this case, let's quickly open a long trade with a position of with a position of 1,000 USDT. This is real. This is not a demo.

[08:22] Depending on your geographical location, Binance may not... A feature to create a demo tool in English is called demo tool in English is called mock trading, but it's

[08:35] not available depending on your location. Here, it's called backtesting. It will take you to a feature called Vainas Features. It's not for backtesting indicators,

[08:48] but anyway, I'll leave you with that information. Going back to the right side, imagine I want to open a long position in the Bitcoin market. Right now, it's worth 29,191.8. A limit order

[09:02] means I want to buy this asset and open a long position in the market. Before opening that position, Vainas allows you to Vainas allows you to immediately set the TPSL, that is, define

[09:15] how much you want to gain on the trade and how much you are willing to lose. Imagine I click on this tool and immediately say, "I want to buy Bitcoin when it reaches [price missing]." When it gets here, it could be [price missing], which

[09:29] seems like a good price: price: 29,140, ​​a position of 1,000 units. And where do I want to take profits? And where do I want to define my risk? I'm going to

[09:42] put... My stop loss in this area, around and I'm going to set my target, my take profit. I have a level here that seems important to me in Bitcoin, which is 29,500 dollars.

[09:58] So, notice that here I'm opening a position without needing to go directly to open the trade. Many people in the financial markets open the position directly beforehand and

[10:13] 'm doing here is defining the price at which I want to enter. I want to enter close to these values, close to this line, values, close to this line, 29,134. There you can see it a bit better.

[10:28] I place the order where I want to place the movement, the position, and immediately define the risk I'm going to be taking. Here I'm going to the "Go Long" button, meaning I'm opening a 1,000 USD trade with 7x leverage.

[10:43] Remember, this is very important: if I do a 1,000 USD trade and I'm leveraged by 7x, when I click this button, what am I going to be risking? Tell me. In the chat, I'm risking a thousand dollars, or what

[10:57] else am I risking if I don't use a stop loss? What is the total I'm risking if I don't have a stop loss? In the case of someone who completely loses this trade, we

[11:11] 'll see who answers first in the chat. But in the meantime, I'm going to open a long trade here. Let's imagine I'm going to open this long trade. This trade will already have a stop loss when it's

[11:24] executed, because it hasn't been executed yet. profit order, always looking for the reward to be greater than the risk I'm

[11:36] willing to take because I consider this movement to be long from my technical analysis point of view. Well, I 've made the decision to go long mainly because this is a bearish movement in the market;

[11:49] the trend has been bearish. However, this area has a large number of trapped sellers, and we had two significant wicks with above-average volume, which means there are many trapped sellers here.

[12:03] Yes, as the price rises, those trapped sellers are putting pressure on the market. Looking down, you can see the movement quite well, and here we have an area where there are buyers trapped in the move.

[12:16] However, are there many buyers really trapped in this move? My answer is no, I don't think there are many trapped trades here because basically, we do n't have volume. The

[12:32] volume of this move is quite weak. Therefore, the upward trend is weak, but it's holding. My plan is basically to take a small bounce here and continue until we break out of the box to find that

[12:47] 29,500 zone. That would be the plan. Following the plan, and already having a strategy, that's when one should execute a trade. Taking unconsciously and irrationally will only lead to the loss of your portfolio.

[13:02] Take care of your capital as you take care of yourselves every day; that's the most important thing. This is a limit option. That is, limit price; only when it reaches that value will that order be

[13:18] executed. As for the answer, if I have a trade of 1,000 USDT, if I place a trade of 1,000 USDT here, and this... Leveraged by seven, the answer is n't seven thousand. People who answered seven thousand are wrong. It's one thousand

[13:33] divided by seven. What I'm going to be risking if I don't put a stop loss is one hundred forty-two point eight USDT. That's what I'm actually going to be losing on the trade. Let's do an example. Let's do an example with a

[13:46] want to enter right now. I want to enter the market now. In this case, I'm going to use a Market order. A Market order has Market order has slightly higher commission costs. If you

[14:01] realize that a Market trader is someone who immediately consumes money from the order book. This here is the order book. This is the market price. Here are sellers and here are buyers. So, if I risk

[14:16] 100 USDT, if I'm leveraged by 7, it's not like I'm going to be trading with 700 like I'm going to be trading with 700 USDT. That's false. Yes, I'm going to be using my margin. So, what I'm really going to lose is 100 divided by seven,

[14:30] which is equivalent to 14 dollars. Let's look at this here. First of all, when we use a Market order, I immediately absorb the sellers. Market orders are what move the price. If many buyers use

[14:46] Market orders, the price goes up, and the sellers move away. Okay, if sellers use many Market orders, the buyers are absorbed, and the buyers move away, the price goes down. Okay, now let's imagine

[15:00] I'm going to open this trade with 100 USD in Market. We're going to open the trade immediately. When we press enter, notice that I didn't put a stop loss here. I did n't put anything. When we press enter on this trade, we'll go here to positions, and here you'll be

[15:14] able to see that I have the trade here. It's 87 VST. Why? Why? If we put 100? Because Market orders have commissions, and the exchange is going to charge the commission to immediately take its net profit from

[15:29] the trade. In addition to that, look at what it says here: the margin ratio is basically the risk that my portfolio represents in this position, and it here. This is a trade. Isolated positions mean that the only thing I

[15:44] 'm risking here is this. If others use cross positions, then everything you have in your portfolio is what you're going to be risking. Okay, in this case, the only risk I

[15:58] 'm taking here is 12.52 USDT. That's all I could lose in this trade if this were the only trade I have open in the market. Okay, this is a bullish trade. Yes, I basically multiply 12.52 by

[16:12] leverage, which is 7, to get this size of the trade. exchange charges me a commission for opening it. Yes. And

[16:24] since I'm a maker, since I'm a taker—excuse me, I'm someone who uses taker—excuse me, I'm someone who uses aggressive market orders—I have a small penalty in a sense, but also an advantage because my order is

[16:36] executed before the rest. Okay, that's very important. Market orders are executed immediately. Limit orders are executed when the price reaches that value. Okay, that's very important. Yes, that's right. Here's

[16:51] something else quite important. I'm going to use some features here. For example, there's a function where I can reverse the position. That is, if I think the current movement is good, and I've gained something right now, that's zero point zero one.

[17:04] By the way, you can find the cards here on this button, this share button. There are the famous cards that everyone shares. If I think the upcoming movement isn't really

[17:18] down, I can click the reverse button to reverse the position. Instead of being in a long position, with the liquidity I've put in, my position now becomes a short position. This will also result in expenses, and I'll get

[17:34] charged for reversing that position again. This is very important. If I want to close a long position, meaning I'm bought in Bitcoin, while the price of Bitcoin goes up, I'm going to have a profit. That profit

[17:48] have a profit. That profit is known as NLP. NLP comes from a word known as Profit and Loss. It's called unrealized profits and losses. unrealized profits and losses? Because until I close that

[18:03] trade, those... Profits aren't with me yet; they are unrealized gains and losses until that trade is automatically liquidated from my portfolio. Another important topic is the

[18:20] liquidation price. What does liquidity mean? Well, think of liquidity as liquidity mean? Well, think of liquidity as an ocean. The ocean is very liquid, as its name suggests. Basically, the effect if I throw a

[18:36] stone into the ocean would be very small. Imagine you have a position of 100 VSTs and you throw 100 USDT into an ocean of

[18:48] VSTs and you throw 100 USDT into an ocean of 800, or three trillion Open interest, by the way, is the number of contracts that are open or closed in the market. If the contracts decrease, it's because they are basically

[19:01] reducing their positions in the market or closing trades. If open interest increases, market participants are increasing their exposure to the asset or opening new contracts.

[19:15] So imagine what liquidity is all about. If I throw 100 VSTs into the market, the effect is clearly very small. Oh, if someone were to... For example, in the ocean, if you throw something into a river or a lake, or throw something onto

[19:31] a giant ship, then clearly the effect will be more significant. This financial markets. When you see that salt moves from one place to another, it's precisely because it lacks liquidity, because money is really

[19:45] concentrated at very specific market levels. So, buyers in a stock market are 6% below the current price, and sellers are 10% above. That's where volatility is found. Volatility

[19:59] is mainly generated when an asset is liquid. Well, volatility decreases as that asset becomes more liquid. For example, gold. And remember that

[20:14] you can also trade gold here. Gold is available on Batzosg and PUBG. By the way, it's Patsu gold. But in this case, it's in the spot market, not in derivatives. I mainly trade spot futures because they exist. Because the

[20:29] that futures are used as hedging positions. Yes, and futures are called tools that have a delivery. This is very important. If I put BTC here, for example, yes, notice that here I It appears to me

[20:45] perpetual, yes, this is BTS with Binance dollar, these BTSV Perpetual. But what does Delivery mean? The term futures comes from this, it comes from. These are futures. comes from this, it comes from. These are futures. These are perpetual, they perpetuate over

[21:00] open for approximately months and nothing else will happen. However, futures are these, the quarterly Bitcoin future. Well, on

[21:12] September 29th, this quarterly future will expire, that's why it's called Delivery. Well, why do futures exist? In the past, futures were really used as tools. For example, I

[21:27] For example, I like to buy soybeans in Argentina, for example, I like to invest in soybeans. I want to invest in the quarterly soybean contract. Yes, because I feel that right now

[21:40] soybeans are worth a lot and I think that in the next quarter, the soybean harvest in the next quarter, the soybean harvest market, there will be too many leaves, so I think I'm going to go down in

[21:53] the quarterly contract. Yes, and I'm going to stay in the spot market selling the profits from now. What I mean by a hedging position is that, for example, if I currently have bitcoins

[22:05] bought in my wallet on the spot market and I believe that the September quarterly Bitcoin futures contract will be bearish, then basically I keep my bitcoins on the basically I keep my bitcoins on the spot market and short the September

[22:19] quarterly Bitcoin futures contract. What does that mean? That when that quarterly contract expires, if the price has fallen, you will profit from the short position you took, and you will gain a hedge. That's

[22:36] basically what you gained if you stayed on the spot market with your bitcoins; you didn't do anything with the spot bitcoins, and if you went down in the futures market, you profited during the price movement. You saved the losses you could have had

[22:48] if you hadn't shorted the quarterly futures contract. So, futures contracts have a delivery time; perpetual contracts don't. And since they don't have a

[23:03] delivery time, here's something very important: perpetual contracts... They don't important: perpetual contracts... They don't charge you for them Futures contracts don't charge for maintaining an open position. That is, if I have a

[23:16] any maintenance fees on the trade. However, with perpetual contracts, there is a maintenance fee that I have to pay. Did you know that? That fee is

[23:29] known as the funding rate, the financing rate for perpetual contracts. The funding rate, as its name suggests, is paid approximately every eight hours. Notice that there's a clock here that says the

[23:44] next funding cycle will be in 35 minutes. I'm going to give you a pretty simple tip. This isn't rocket science, taking good

[23:57] market entries, if the funding rate is positive, as it is now, it means that at this moment there are too many bullish trades. So,

[24:09] basically, if I go down, I'll be paid if I go down, I'll be paid 0.0095% every 8 hours to go short on my position. Do the math: 0.0095

[24:25] down, but only if the funding rate is negative. What happens now if the funding rate is negative? Well, the previous example was positive. If it's positive, it's basically because short sellers are being paid for taking a short position in

[24:42] futures contracts. Why does this percentage exist? This percentage isn't taken to the exchange; it's paid between buyers and sellers on the exchange. Now, let's imagine, for example, when Betis was

[24:55] example, when Betis was falling towards the negative, meaning there were too many people shorting the market. You can

[25:07] basically see the aggressiveness of the short sellers on the chart. When the price is falling so abruptly and generating this, it's Compressed liquidity means that at some point, the price will rise to

[25:22] clear all these orders that entered aggressively to take a short position. This compressed liquidity also generates negative funding. When the funding rate is negative, that is, at -0.095, what this means is

[25:37] that there are too many short positions in the market, and those who want to take a short position are being paid. Abolishing bullish operations is good for me, for opening a long position every eight hours and the fund is negative. Would I be paid in favor of my

[25:53] position? That profitability is added. Yes, the NLP will be there, so it's basically something for you to keep in mind. The difference between perpetuals and futures, well, let's see it

[26:07] here. It's that if I enter a quarterly Bitcoin, what I'm going to find here is basically that if

[26:20] find here is basically that if a Bitcoin—look here—there's no funding rate here. There's no funding rate here. The delivery time is in 66 days. In 66 days, this disappears and the next quarterly futures contract appears.

[26:34] Now, if I'm here and I go back to the magnifying glass and back to where we were with BTC/USDT, here I do have a funding rate for having that operation open in the market. Well, so

[26:49] operation open in the market. Well, so basically, folks, the funding rate is a very important financing rate in the markets and it will allow you to really... Which side is aggressiveness found in

[27:01] prices? Normally, the aggressive trader, the trader who operates based on market orders. Because I want to take an entry here. What kind of logic can I see in the markets?

[27:16] Market orders, remember very well, are orders based on anxiety, on emotion, on the immediacy of consuming money from the order book. And then there is a very important role beyond the traders, which are the famous market

[27:30] makers. These are the traders who basically provide liquidity to those who are anxiously buying at high prices. They sell, they sell. The market maker loses during the rise. Yes. However, what will the market maker

[27:43] do afterward? They will return to their origin, to the origin of the impulse of those aggressive orders in the prices. How can I see it here? Let's do it here, a little zoom on these candles. Notice how easy and

[27:57] useful it is to use the TradingView tool within the chart. Here you have many types of tools, and you can use the volume profile, which is something I've been asked about a lot. Here in

[28:10] the indicators section, you can place profiles here and use either the visible profile volume or the fixed range profile volume. These are paid tools on the

[28:25] View platform, but you don't have to pay for them. Take advantage of the potential of the Binance Trainvium tools. Yes, as you can. As it deserves, as it's worth. Okay, let's delete it. Just like it

[28:41] shows me here, for example, this profile volume that I have here on this Binance chart. I 'm basically in a market range. Trends aren't investigated here; there are simply

[28:56] sideways movements where the price deviates to the top and sideways movements where the price deviates to the bottom. When this happens, people basically get trapped. Who's losing here? The

[29:08] sellers. They sold, and the price went up when the market gave them an opportunity to look for this area, and they immediately got out and reversed their trade. Exactly the same thing is happening here. So, notice that

[29:23] those people who were trapped immediately get out at the highest price. Close to bearish movement that would seek to drain here near this control point, which is an important trading level of this range. So, not

[29:38] much more than that. What I want to tell you with this, and to return to the topic of the tools that Binance has, is precisely the possibility that paid tools such as the profile volume within the Game View tool, and

[29:52] positions in parts. Look at this tool, which is very interesting. There are show you. I'm not going to go into all of them, but we'll show you the most interesting ones, like the Tiguap. The Tiguap is a time-based moving average. Yes, that's basically it.

[30:09] So imagine that I want to open a position of 0.3 BTC, 0.11. I'm going to open a trade of 0.11, and what I

[30:21] want is for this order—this order of 0.11—to be executed, order of 0.11—to be executed,

[30:35] maximum amount I want to place. Yes, because there will be a minimum. I can place it, for example, at one hour. What does that mean? So, if I give it an hour here and I give it this amount, well basically, for

[30:48] one hour, several orders, this amount of money will be divided into orders over a period of one hour. Yes, that is, the average time that the price remains for one hour, that will

[31:03] be my purchase price in the market movement. Now imagine that I, for example, think that the movement right now is going to be very bullish, I movement, I think the price is going to start rising from now on.

[31:16] Imagine this impressive tool that is escalated orders. I don't know if you knew about this, I can place escalated orders between 29,135 and

[31:32] 1200. How much do I want to place? I want to place 0.11, flat, meaning that the orders are all exactly the same, distributed equally in this price range, or do I want them to be escalated

[31:46] ascending or descending, or random? In this case, I want them to be orders to be logical, and I want there to be 30 orders. I want there to be 30 orders. Orders that split a position of 0.11 BTC, and notice that here I can

[32:00] preview all the orders I want to place in the market. orders I want to place in the market. This is super, mega, super, mega useful. I advise you to use it. I can put, for example, 15

[32:13] orders here. I preview the orders, and here it will tell me, "Well, is your Well, it's not enough." Why? Because we already have an operation here where it says "open orders" that is already operational. I can close

[32:28] this order. Yes, and now I'll have that money available. I come back here and place, " money available. I come back here and place, " Well, I want 30 orders of 0.2 BTC." Will you let me? I click preview. Well, it tells me that's still too

[32:41] preview. Well, it tells me that's still too much. Let's place 0.1. Perfect. And here it tells me, "Okay, let's place all these orders at these prices." Yes, and here I click confirm, and notice what Binance does automatically. What it's

[32:54] going to do at this moment is immediately place all the orders I want. That is, I want to buy everything that follows for Underlying this movement, by doing this, by fragmenting my operation, first, it

[33:08] order book. I don't have to open a money. Second, as the price falls, my average purchase price will also be adjusted. When all my orders execute, I'll

[33:21] decide where I want to manage the risk of this trade. Okay, so this is super mega interesting. Clearly, I can go here to open orders, I can go where it says "Cancel all," and I click "Yes, I want to cancel all."

[33:35] I want us to exit this trade and cancel all those open orders I have, and Binance will do it immediately. Okay, so,

[34:20] issue with Cami. Cami, I don't know if you can hear me. Okay, there it goes. I don't know if you want to stop sharing Camila's screen.

[34:33] Okay, we're having a little issue with Cami's audio. Now we'll see about fixing it. Anyway, this is also an invitation for the next webinar. The idea is to have two stages. I think there are many questions,

[34:49] I think there are many questions, many things to do. continue on Thursday with a second installment of this, and if there's a need, we'll... Let's

[35:04] because I think it's a topic that could take a lot of time and many hours of study. So the idea is that you continue to join us. I don't know, Cami, what do you think? Yes. Totally agree. Totally agree. I do n't know if we should wrap

[35:19] this up and conclude it, or what do you want to do? Do you want to show something else that you still have to say? Yes, of course, and we'll wrap up this first part. And I hope you liked it.

[35:35] live stream, please leave a comment saying "we want more" in quotes and all caps so we know you want more of this content. I'll share the screen and we'll wrap up what we were seeing in the

[35:49] bullish movement. Even if that order was n't executed, I can escalate my order and open many orders in the market so that I can automate and make my market position a little more granular.

[36:03] I can also, in addition to my current position, open a position Let's say I want to open a position with 500 USDT. Yes, I can put Another order: if I look for the closest bid price in the market and open that

[36:20] position, when I open that position, notice that something very important is going to happen here. When that order is executed, my average buy price, my entry price my average buy price, my entry price of 29.191, will be averaged with my

[36:33] of 29.191, will be averaged with my entry price of 29.219. So, my very important. Notice that it says there that the limit order was executed. Now, my position size is 584, my leverage is

[36:48] 7x, so what I'm really going to be risking is the emotional size risking is the emotional size divided by seven, that is, divided by seven, that is, only 83 USDT in the position.

[37:00] So, not much more, folks. Let's just place a stop loss on the position now. As we said, the stop loss should be around here, in this area. And clearly, before taking a trade, always evaluate the probabilities

[37:14] of the movement and the risk of the operation. So, the idea is basically for a trade to actually open. If I want to open it here, my stop loss should profit target will be sought. In the 29,500 zone, and I'll be defining the risk as

[37:31] always being below this range. So here I have to evaluate if it really warrants taking the position. It's a 1% against a position. It's a 1% against a 0.5%, a two-to-one profit reward

[37:46] in the trade. And if you want to close the trade, you can go here to Close All Positions or simply close the trade at Market or at the Limit. If I choose to close at the Limit, that trade will close at the nearest available price

[37:58] in the market. Okay, not much more, basically that's it. So I hope you liked this session we saw today about futures on Binance. I'll see you in comments if you really liked it, and thank you very much, Maxi, for the space. No,

[38:15] everyone watching us on YouTube through Venom Live. It's really good, Cami, we see there's a very, very good response. So we'll have to ask you to come back here on Thursday, and surely, if we

[38:30] next Tuesday we'll also do another futures session to keep professionalizing and learning. More and more, how to go from zero to becoming a futures trader. We could even dedicate a

[38:44] whole month to this, a whole month of classes, and have everyone become a seasoned trader. But anyway, that's all for now, guys. It's been a pleasure. Thanks to everyone watching, and we'll see you on Thursday.

[39:00] watching, and we'll see you on Thursday. Perfect! Hugs!