Risk notice

Market risk

• Crypto is very volatile. It can rise or fall sharply within minutes, or keep falling for a long time.
• Small-cap coins have thin order books. Large orders or chains of liquidations cause wicks. See Wicks: what they are and how to handle them.
• Past markets, backtests and paper trading results don't tell you what comes next.

Leverage and liquidation

• USDT-margined futures can use leverage. Leverage magnifies both gains and losses.
• If the market moves far enough against you, the exchange force-closes the position, and you can lose all of your margin.
• In extreme markets, losses can go beyond the stop distance you expected.

TonyTrade lets you set maximum leverage and maximum daily loss, but these are limits you set yourself. Set them too high and you can still lose a lot.

Stops don't fix the fill price

Placing the stop on the exchange solves "is my position protected when my computer is off". Once triggered, a stop fills at the market. In a violent market the fill can be much worse than the trigger, and when liquidity dries up it may not fill for some time. See Why stop-losses should sit on the exchange.

Exchange risk

• Exchanges can have outages or maintenance, restrict withdrawals, change their API or rules, or even go bankrupt.
• Exchanges may restrict service based on where you live. Before using one, check that it's allowed there and follow its user agreement.
• TonyTrade has no business relationship with the exchanges and can't sort out exchange problems for you. See Exchanges and markets.

Software and AI risk

• The AI can be wrong and can misread you. That's why it can only write plans, which the rule engine checks. See How it works.
• Software can have bugs. Networks can drop, and computers can shut down or sleep.
• Actions you confirm are your responsibility, even if the AI suggested them.

Key and device security

• Don't give keys withdrawal permission. Bind an IP and use a sub-account if you can. See API key setup and the permissions guide.
• If your computer has malware, no local software can protect you. Keep your system updated.

Not investment advice

TonyTrade is a tool. Nothing on this website or in the app, including the AI's analysis and example plans, is investment advice or a promise of any return. We don't manage money for others and don't send buy or sell signals. See About.

Make your own decisions, and talk to a licensed professional if you need to. Other questions: FAQ.