Step-By-Step Guide On How to Trade Spot Signals

How To Trade Spot Signals?

If you want to trade any Spot signal from the Investmint app, here is a 5 step process that you can follow to place an order.

1. Tap on the news item that you want to trade. After tapping, there will be a popup with basic information about the stock's past performance and the option to follow it and add it to your feed.
2. The next step is to select an action. You can choose ‘Buy stock’ or ‘Sell stock’ to go long or short on the stock. After choosing the option, click on the ‘Trade’ button.
3. After selecting buy or sell, the next step is to choose the order type between 'Intraday' and 'Longterm'. If you select Intraday, you can add a stoploss and a target for your stock. This is not available for Long-term orders.
4. You must also add the number of stock you want to trade, or you can fill in the amount within the ‘Total amount’ column and click Save. This will automatically select the number that can be purchased nearest to that amount.
5. After that, click the 'Review order' button at the bottom, confirm the order, and slide the button below.
6. If you haven’t connected with your broker, you can do it in the next step.

Your order will be placed in the next few seconds if you have completed the step. Once traded, your new position will appear on your Investmint app dashboard, where you can take further actions like 'Exit trade' or 'Invest more' capital.