/ladder <address>. Each rung is its own limit order, waiting for its own market cap.
Build one
1
Set both ends of the range
Send a market cap for each end, in either order.
2
Choose how many rungs
4 by default, up to 10. More rungs give a smoother average, but each rung is its own trade with its own fee.
3
Set the total
A total in dollars for a buy ladder, or a percentage of the position for a sell ladder. It’s split evenly between the rungs: a $400 ladder over 4 rungs buys $100 at each.
4
Set the expiry
24 hours unless you change it. See Expiry.
5
Place it
Tap ✅ Place buy ladder or ✅ Place sell ladder. 🗑 Cancel ladder on Dawn’s reply removes every rung that hasn’t fired, all at once.
How the rungs are spaced
Evenly by percentage move, not by dollars. Across $250k to $2m, each rung is the same percentage step above the last, so your money is spread evenly over the move.Buy ladder or sell ladder
- Buying: set the range below the current cap to average into a fall, or above it to add into strength.
- Selling: set the range above the current cap to take profit in stages. Each rung sells its slice of the position.