What should you do when a trade drags on for too long? ⏳
🔹 A spread can stay in an unfavorable state for a long time, which is normal for this trading style.
🔹 Time is a cost: money is locked in the position, and funding continues to accumulate.
🔹 The longer a trade stays open, the stronger the urge to find justifications for keeping it.
🔹 Decide in advance how long you are willing to wait, otherwise hope will replace analysis.
For example, you waited for the spread to converge, but it took much longer than expected. Every day a new reason appears to wait just a bit more. This is a clear signal to check your original plan.
Common mistake: extending your waiting time every time a trade does not work out on schedule.
What do you do when a trade takes longer than planned?
#Futures #CryptoTrading #CryptoEducation #RiskManagement
🔹 A spread can stay in an unfavorable state for a long time, which is normal for this trading style.
🔹 Time is a cost: money is locked in the position, and funding continues to accumulate.
🔹 The longer a trade stays open, the stronger the urge to find justifications for keeping it.
🔹 Decide in advance how long you are willing to wait, otherwise hope will replace analysis.
For example, you waited for the spread to converge, but it took much longer than expected. Every day a new reason appears to wait just a bit more. This is a clear signal to check your original plan.
Common mistake: extending your waiting time every time a trade does not work out on schedule.
What do you do when a trade takes longer than planned?
#Futures #CryptoTrading #CryptoEducation #RiskManagement