Contract Trading | The price is back at my average entry price, so why am I still not breaking even?
You pay a fee when opening and closing a position, and both fees are calculated based on the notional value. So the price has to move past your average entry price before you break even.
Averaging down only makes the average price look more favorable; it doesn’t reduce the risk of the overall position. The larger your position, the greater the profit or loss from the same price movement.
The corresponding coin: $BTC . Current price: 83479.33, 24h: +0.8%.
Don’t trade with borrowed money—it can affect your mindset and lead to poor decisions.
#BTC
You pay a fee when opening and closing a position, and both fees are calculated based on the notional value. So the price has to move past your average entry price before you break even.
Averaging down only makes the average price look more favorable; it doesn’t reduce the risk of the overall position. The larger your position, the greater the profit or loss from the same price movement.
The corresponding coin: $BTC . Current price: 83479.33, 24h: +0.8%.
Don’t trade with borrowed money—it can affect your mindset and lead to poor decisions.
#BTC