Q. How does trade tracking work?
A. Simple, you submit a trade with target, stoploss, entry price (optional), timeframe, buy/sell specified on a particular instrument. FrontPage tracks the market price for the instrument and keeps updating your trade. Once the trade meets target or hits stoploss or timeframe expires the P&L is calculated based on the LTP at the time and updated in the trade card.
Q. What kinds of instruments are currently tracked?
A. FrontPage currently tracks cash, futures & options traded on NSE/NFO listed equities & MCX listed commodities. If you have a suggestion for a certain type of asset that you want to be tracked, please do contact @frontpagesupport.
Q. What can I do with a trade once posted?
A. The following options are available via the update trade button in the trade cards:
- Modify Entry Price: If you do use an entry price for your trade, and the trade hasnt ‘entered’ or isn’t active yet, you can modify the entry price to LTP or any other price.
- Exit: You can exit a trade at any point after it is submitted. The P&L of the trade will be calculated using the LTP at the time of exit. You can use this option if you want to book your profits or losses earlier than target or stoploss.
- Extend Target: If you believe that your trade can run more for higher targets, you can use this option. e.g. from 110 to 115. Note: you can’t reduce the target.
- Trail Stoploss: You can use this option to trail your stoploss to secure profit. Note: you can’t reduce the stoploss.
- Extend Timeframe: You can increase the timeframe of a trade at any point. Note: For now, P&L will only be calculated once a trade exit or breaches the target or stoploss.
Q. What happens to a trade that does not “enter” i.e. entry price is not crossed?
A. Entry price is optional. If you do not specify an entry price, the trade becomes active immediately on submission at LTP. If you do give an entry price, a trade does not become active unless the entry price is reached at some later point. If the entry price is not reached before the close of the market on a day, the trade is forcibly expired. For such trades, the P&L will be zero. If that trade was for a longer duration, you will have to submit it again on the next market day.
Q. Why should I submit trades instead of just posting it as plain text market view like earlier?
A. Trades are credible because they can be tracked. If you are a good trader, your reputation and visibility will get a significant boost because of your trade performance. Conversely, while plain text market view may still be published, the community will likely perceive them to be of dubious intent.
Q. How does trade performance impact my reputation?
A. Going forward, the performance of trades will play a crucial part in reputation scores. The system (algorithmically) will add or reduce your reputation based on the percentages of profit or loss. FrontPage will keep tweaking the weightage given to trade performance in reputation scores & it may also vary across forums and other factors.
Do not get perturbed if you incur a few losses on a bad day and see a drop in reputation. Everybody makes losses but it is consistent good performance over a long period of time that will be reflected in the reputation score.
Q. Why should I care about my reputation on FrontPage?
A. FrontPage relies on reputation scores to recommend market experts to new users for following or for discovering paid services. So, the higher your reputation, the more likely is for you to get new followers. Also, reputation scores are visible against your profile, and it is likely for a new user to trust you more should you have a higher reputation.