BTC Stop Papertrade

Thesis

Protects an open BTC long on Papertrade by closing it automatically once BTC falls to your stop price.

Strategy

• Stop check: Every minute and whenever BTC crosses the stop, it closes the chosen position if BTC is at or below the stop price. • Whole position: It closes the full position at once and never opens new trades.

Exposure

• Holds: Your BTC long — The Papertrade position you choose, until the stop price is reached. • Venue: Papertrade — Your funds stay in your Papertrade account; start it on the wallet holding the position. • Leverage: Position's own — It adds no borrowing; the position keeps the leverage you opened it with. • Costs: Close fees — Papertrade's fee on closing the position. • Data: Circuit — BTC price from Circuit's Hyperliquid prices. • On unwind: USDC on Papertrade — The position's margin plus or minus its result returns as USDC.