Quote from: jrrsparkles on Today at 01:47:32 PM

Quote from: GreatArkansas on October 11, 2022, 02:40:37 AM

Let's say we already have everything when we open a trade, we already have a stop loss order, target price order or initial take profit price order, etc.

My question is do you consider closing your trade if those orders didn't trigger for some time?

Because for example, the trade you opened becomes sideways or stable, and no pumps or dumps happened that triggered your orders, so for some time, your trade is still open.

So, do you have a limit for your trades? Like 1 day, week, etc? If nothing happens, are you closing those trades manually?

Honestly I don't like to keep the trade open for longer time even few hours happens very rarely so I will just go with the current market price only if I am going to sell it but that is not the case while buying there is no regret in it, since the funds will be in possession so more the profits if we decide to wait more then there is no denial in that in my opinion.

Though this strategy might not appeal to all investors, those with the stomach for it can reap gains if their bet against Bitcoin pricing succeeds. Sell off tokens at a price you are comfortable with, wait until the price drops, and then buy tokens again. Of course, if the price does not adjust as you expect🤦‍♂️, you could either lose money or Bitcoin in the process.🤭🤭

Short-selling Bitcoin also incurs high costs and risks. For example, you might need to pay custody or Bitcoin wallet fees to store the cryptocurrency until the trade occurs.🙆‍♂️ You will also have to bear the risk of Bitcoin's price volatility. If the price goes up (instead of down, as you'd hoped), you could end up with significant losses. Certain exchanges also offer leverage for conducting such trades. Again, the downside to using leverage is that it could magnify gains or losses.🫠🫥