Why am I still slightly down after closing my position, even though the price returned to my entry price?
Definition: Funding fees paid while holding a position are also a cost. The longer you hold, the more fees you need to cover; funding fees received can offset some of them.
Why this happens: Averaging down only makes the average entry price look better; it doesn’t reduce the risk of the entire position. The larger your position, the greater the profit or loss from the same price movement.
Today's market: $BTC is quoted at 83866 (24h +1.02%).
Don't rush into a trade just because everyone around you is buying.
#BTC
Definition: Funding fees paid while holding a position are also a cost. The longer you hold, the more fees you need to cover; funding fees received can offset some of them.
Why this happens: Averaging down only makes the average entry price look better; it doesn’t reduce the risk of the entire position. The larger your position, the greater the profit or loss from the same price movement.
Today's market: $BTC is quoted at 83866 (24h +1.02%).
Don't rush into a trade just because everyone around you is buying.
#BTC