Step 2 of 14

Your first trade

This section covers finding a token, reading the trading desk, and buying.

2.1 Find a token

Three ways, all of which open the trading desk:

• Tap any card on the Signals or Trenches page.
• Tap the search box at the top (or press / or Ctrl K) and type a symbol or name, or paste a contract address. The chain is detected from the address. Tokens whose trades we have not collected yet are marked "Load on demand"; once you open one, its chart and trades are fetched automatically.
• Open a trading desk link someone shared (like https://hounds.fun/?chain=sol&t=sol:<contract>#desk).

Trade in the top bar always lands on the latest token pushed on the current chain.

2.2 Trading desk layout

You can drag to resize the left and right columns and the tab area below.

2.3 Chart

• Intervals: 1s · 5s · 15s · 1m · 5m · 15m · 30m · 1h · 4h · 1D. Switch between MC and Price.
• On tokens we pushed, the chart shows "1st push 1x" and "2x" reference lines, plus KOL / smart money buy markers. After dragging back through history, tap Back to latest.
• When you hold the token, the chart draws your "Entry" line and your stop-loss and take-profit lines. Drag to change them (this changes only this one position; see 4.3).
• When there is no chart, the page says why, for example "We do not collect trades from this token’s pool yet". You can open GMGN / DexScreener above instead.

2.4 Risk

Risk in the right column sums up this token's risk items. The top line says "No red flags", "n flags" or "Not enough data":

• Contract: Mint renounced / Mint not renounced, Not freezable / Freezable, LP burned, Buy tax / Sell tax.
• Holder structure: top 10, top 10 on-chain, largest holder, dev, bundles, snipers, first N buyers still holding, fresh wallet share, bot wallet share and so on. Anything over the line is shown in red.
• Own labels: the dev's launch count and earlier graduates, the dev's funding source and more, computed from our own trade tape and launch index.
• Verdict: the model's call on where this token goes next, three levels only (✅ Will pump / ❌ Won't pump / 🤔 Can't tell) and no probabilities. For reference only, not trading advice.

The bottom of the panel says: Research signal, not investment advice.

2.5 Buy

When you are logged out, the trade panel shows "Log in to trade"; without a wallet it shows the "Create your wallet" card (1.4).

The top of the trade panel shows the current Slippage and Anti-MEV values and a Settings button. Below are four tabs: Buy · Sell · Limit · Strategy.

To buy:

1. Choose the Buy tab. The panel shows the current wallet Balance.
2. Type an amount, or tap one of the quick-buy amount buttons below. The panel shows Est. receive, Includes 1% platform fee, Minimum received (based on your slippage) and Reserved for network fee.
3. Tap the green button "Buy $TICKER · amount coin". One click places the order: no second confirmation, no password.

You can also tap a quick-buy amount right on a signal card or trench card. One click buys.

• If the balance is too low, you see "More than the available balance" right away. If the amount fits but not together with the reserved network fee, you see "Buying needs … on top of the amount for network fees. Balance …; you can buy up to …."
• The 1% fee comes out of the buy amount: putting in 1 SOL = 0.99 SOL to buy + 0.01 SOL fee. On-chain network fees are extra.
• Buying a token you already hold simply adds to the position; the web does not ask again.
• Each order has a limit. Account → Trading shows "max …" after each chain (by default SOL 10, BSC 10 BNB, ARC 200 USDC, RBH 1 ETH; Base as shown on the page). The signing service also has its own per-order and daily safety limits.
• On Base, ARC and RBH, every buy first goes through a contract safety check (a simulated buy followed by a full sell). If it looks like a honeypot, has no liquidity or loses too much on the round trip, no order is placed and nothing is charged; the order reason shows "Failed safety check". SOL and BSC buys skip this check, so read the Risk panel yourself.

2.6 Order progress and result

After you place an order, an order receipt pops up at the bottom right and shows Submitted → Accepted → Sent on-chain → Filled step by step, each with the time it took:

Fills, failures and balance changes also go to the notification bell in the top bar (section 13).

2.7 Trade settings: quick-buy amounts, slippage, anti-MEV

You can change them in two places: Settings at the top of the trade panel (current chain only), or Account → Trading → Buying (all chains at once).

Tap Save when you are done.

2.8 Limits on a newly logged-in device

To stop a stolen login from being used to buy random tokens, a device logged in for less than 24 hours has these limits, and the page says how many hours are left:

• Manual buys and limit buys can only buy tokens our signals pushed in the last 24 hours; selling is not affected. The trading desk says "This device signed in less than 24 hours ago, and this token wasn’t pushed by our signals in the last 24 hours, so it can’t be bought yet. This lifts in about N h; selling is not affected."
• Raising slippage to 20% or more (and higher than it is now), or turning anti-MEV off, does not apply right away. It shows as "Pending" and takes effect once the device has been logged in for 24 hours; until then you can tap Cancel this change. Other changes apply immediately.
• If you change auto-trading or add a copy wallet on this device, the settings still apply, but until 24 hours have passed, copy trading only copies buys of tokens the platform pushed in the last 24 hours, and auto-trading from the public channel / custom channel sources also only buys tokens the platform pushed (sections 7 and 8).
• When you use "Sign out all" on the web or freeze the account from a security email, changes left by these new devices are rolled back.