Quote from: Greggry on April 12, 2023, 05:39:24 PM

My friend loves opening different trades at a time, most at times is difficult for him to control what's should be. Trading on free chart with multiple opening can be very dangerous. Yesterday he experience unusual hit when bitcoin price drops again, four trades loss at once when the market go against him. Personally I don't advise multiple trade especially when you're not familiar with trade

It depends ono their trading methodology and strategy. Maybe he's a high-frequency trader or probably just an impulsive trading gambling on every kind of move and fluctuation in price.
If his risk management is aligned with his frequency of trading and most importantly he is not overtrading, then there is nothing to worry about.

Some just only need one instrument to trade and make profits in the market.
Some prefer to trade many instrument all at once.

But I would say be very careful, especially in trading crypto. It is very volatile and watching 3 positions and more all at the same time would be hard to manage and operate with.

Quote from: molsewid on April 15, 2023, 10:07:55 PM

Quote from: Greggry on April 12, 2023, 05:39:24 PM

My friend loves opening different trades at a time, most at times is difficult for him to control what's should be. Trading on free chart with multiple opening can be very dangerous. Yesterday he experience unusual hit when bitcoin price drops again, four trades loss at once when the market go against him. Personally I don't advise multiple trade especially when you're not familiar with trade

Do you mean futures? If yes, I don't recommend futures as well it will make your investment gone in a seconds. Futures needed to be set according to your thing I mean it is better to set it in isolated with small multiplier only but then you can advice him to stop for awhile and make some research about how to futures and trades so he will not lose too much because it will be a regret of him soon.

Because in futures, you are trading with leverage. You can make money fast and lose money faster. Trade on spot if you're practicing many instruments.