Post
Topic
Board Trading Discussion
Re: Don't encourage multiple trading!
by
GreatArkansas
on 20/04/2023, 01:31:02 UTC
(....)
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
I am not against this, especially if you found a good entry on other pairs, it's all good. It's just another strategy to potentially maximize gains while minimizing losses on cryptocurrency trading involves opening multiple trade positions.
But right now, most altcoins are just correlated with Bitcoin, so expect that altcoins will drop too once Bitcoin drop.