Trading Guide

Master trading on the X1 blockchain with Honey Badger. This guide covers everything from basic swaps to advanced order types.

Basic Trading

Buying Tokens

Via Telegram:

1. Paste a token contract address
2. Select buy amount
3. Confirm the transaction

Via Dashboard:

1. Navigate to Trading
2. Enter token address
3. Set amount and parameters
4. Click Buy

Selling Tokens

Via Telegram:

/sell

Select your position and choose sell percentage.

Via Dashboard:

1. Go to Positions
2. Click on the token
3. Choose sell amount
4. Confirm transaction

Understanding Slippage

Slippage is the difference between expected and executed price.

Recommended Slippage Settings

Auto-Slippage

Enable auto-slippage to let Honey Badger calculate optimal slippage based on:

• Token liquidity
• Current volatility
• Trade size

Gas Settings

Gas Modes

Gas Tips

• Use Fast during high volatility
• Use Turbo for sniping
• Standard is fine for most trades
• Monitor gas prices with /gas

Limit Orders

Take Profit (TP)

Automatically sell when price reaches your target.

/tp <token> <price> <sell_percentage>

Example: Sell 50% when token reaches $1.00

/tp 0x1234... 1.00 50

Stop Loss (SL)

Protect against losses by selling if price drops.

/sl <token> <price> <sell_percentage>

Example: Sell 100% if price drops to $0.50

/sl 0x1234... 0.50 100

Trailing Stop

Dynamic stop loss that follows the price up.

/trail <token> <trail_percentage>

Example: 10% trailing stop

/trail 0x1234... 10

If token goes from $1 to $2, stop triggers at $1.80 (10% below peak).

DCA (Dollar Cost Averaging)

Spread purchases over time to reduce volatility impact.

Setting Up DCA

1. Go to Orders > DCA
2. Select token
3. Set total amount
4. Choose interval (hourly, daily, weekly)
5. Set number of buys
6. Activate

DCA Benefits

• Reduces timing risk
• Smooths entry price
• Automated execution
• Good for accumulation

Trading Strategies

Momentum Trading

1. Identify trending tokens
2. Enter on pullbacks
3. Set tight stop losses
4. Take profit in stages

Swing Trading

1. Identify support/resistance
2. Buy at support
3. Sell at resistance
4. Use wider stops

Scalping

1. Trade small timeframes
2. Take quick profits
3. Use tight stops
4. High frequency

Risk Management

Position Sizing

Never risk more than you can afford to lose.

Suggested Guidelines:

• No single trade > 5% of portfolio
• Total exposure < 20% in high-risk tokens
• Keep reserves for opportunities

Using Stop Losses

Always use stop losses:

• Set before entering trade
• Don't move to increase loss
• Consider volatility when setting

Taking Profits

Don't be greedy:

• Take partial profits at targets
• Let winners run with trailing stops
• Lock in gains regularly

Advanced Techniques

Scaling In/Out

Instead of one entry/exit, scale positions:

Scaling In:

• 33% at first target
• 33% on confirmation
• 33% on dip

Scaling Out:

• 25% at +50%
• 25% at +100%
• 50% trailing stop

Portfolio Rebalancing

Periodically rebalance:

1. Review positions monthly
2. Trim winners that are overweight
3. Add to convictions
4. Remove dead positions

Common Mistakes to Avoid

1. FOMO buying - Don't chase pumps
2. No stop loss - Always protect downside
3. Overtrading - Quality over quantity
4. Ignoring fees - Account for gas and slippage
5. Emotional trading - Stick to your plan