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.
Well, my friend, their trading modus operandi and grand scheme could hold the answer. Perhaps they're a high-octane, frequency-obsessed trader or just a thrill-seeking gambler, riding the rollercoaster of price shifts. As long as their risk-management game is in sync with their trading tempo, and they're not drowning in overtrading quicksand, it's all good in the hood.
For some, a single instrument plays a sweet profit-making symphony, while others prefer a diverse trading orchestra. But let me tell you, proceed with caution in the wild crypto jungle. Volatility is its fierce predator, and juggling 3 or more positions simultaneously can be a Herculean task.