Quote from: mk4 on Today at 06:10:18 AM

Obviously, the bad side is you paying the fees but ending up losing the trade as well lol. It's pretty simple. If you're going to make longer-term trades, just make sure the profit margin you're potentially going to get is going to cover the fees you're going to pay.

Quote from: tbct_mt2 on Today at 06:46:09 AM

Quote from: lankymanx on Today at 05:58:51 AM

Hello, I would like to know if there is a bad side to a long term trade say 1-2-3 weeks or 1-2 months - meaning , paying for the fees to have it running? versus the gains u make?
I notice there are long term traders but i am curious as to how they manage this or be mindful of it.
Is it really an issue?

Many issues you might (or not) have with long term leverage trade positions
- You will be charged a lot of fee, funding rate.
- Your leveraged positions will be affected by market changes that can be minor or major. You will be lucky and safe if the market won't change much in the opposite direction against your position. In contrast, your position will be liquidated.
- The longer time you leave your position opens, the harder you can not control it.
- Leave your leverage position opens for more than 2 weeks is very terrible and I don't imagine how terrible it is with 1 or 2 months.

Yeh well thanks for replying, i dont actually know the best place to ask questions like this because i have tried youtube but they either too busy to reply or too Godly.
Nevertheless something very strange ive noticed with youtube, and you can test this your self if you are interested.
Leave a comment, then sign in with a different user or be anonymous, and then have a look and see if you can view your comment.
So bloody strange, i have tested this with my wife's account, mine and anonymous, and we can 1 or 2 but not all 3 comments, very strange.

So anyways, yeh i would have imagined having a long term trade is not good because of the fees.
I however have noticed some youtubers showing their trades they have running for months , like im talking 3- to 7 months im not kidding.
So i dont really get it, unless maybe there is a general rule as not to use a certain level of Leverage?

So maybe minimum is 3x ? and like u say not more than 2 weeks maybe ?
Sometimes though if they say its really a long term trade , and we have to wait on market movements, then would 3-4 weeks be considered fine?
Of course the catch 22 would be if the trade went side ways for ever and or the price went the wrong way.
So like for example with the Elon Musk buy as of 29 January to 8 February...thats pretty long and we did go down also.... BUT then again that was like 4-4.5 grand movement and lets say 1-1.5 weeks , not too long term.... but yeh its obviously pointless to have used 2x in that case , im guessing

I dont know.

It would be nice to have a 2x or 3x option instead of buy and hold.
But then you have backward direction caution and high accumulated fees if it was a long term trade

Really a tough one.
But i swear ive seen guys have trades open for 3 weeks and even months, i really dont get it either, and the funding rate is like 0.2nn%

Anyways