Are you making these beginner mistakes in pair trading? 🚨
🔹 Picking a pair just because the chart looks pretty, without checking history or understanding why the coins are connected.
🔹 Forgetting about total fees for four trades and funding rates on both legs (positions).
🔹 Trading with unequal legs, excessively high leverage, and no exit plan or stop-loss.
🔹 Averaging down a losing position to "revenge trade" after taking a loss.
For example, a beginner sees coin A lagging behind coin B, opens a pair without testing or a stop-loss, and adds to the trade when it goes negative. That is three mistakes in a single trade!
Don't make the mistake of ignoring your own trade reviews thinking errors only happen to others.
Which of these mistakes have you made yourself?
#Futures #CryptoTrading #CryptoEducation #RiskManagement
🔹 Picking a pair just because the chart looks pretty, without checking history or understanding why the coins are connected.
🔹 Forgetting about total fees for four trades and funding rates on both legs (positions).
🔹 Trading with unequal legs, excessively high leverage, and no exit plan or stop-loss.
🔹 Averaging down a losing position to "revenge trade" after taking a loss.
For example, a beginner sees coin A lagging behind coin B, opens a pair without testing or a stop-loss, and adds to the trade when it goes negative. That is three mistakes in a single trade!
Don't make the mistake of ignoring your own trade reviews thinking errors only happen to others.
Which of these mistakes have you made yourself?
#Futures #CryptoTrading #CryptoEducation #RiskManagement