Are you making these common beginner mistakes in pair trading? 🚨
📌 Picking a pair just because the chart looks nice, without checking history or understanding the link between coins.
📌 Forgetting about fees for four transactions and funding costs on both legs (positions).
📌 Trading without an exit plan and a stop for the entire pair, or using high leverage and unequal legs.
📌 Averaging down a losing pair and trying to win back losses.
Example: A beginner saw coin A lagging behind coin B, opened a pair without historical checks or a stop, and added to the position when it went into a loss. That is three mistakes in a single trade!
A typical mistake is not reviewing your own trades and assuming these 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 nice, without checking history or understanding the link between coins.
📌 Forgetting about fees for four transactions and funding costs on both legs (positions).
📌 Trading without an exit plan and a stop for the entire pair, or using high leverage and unequal legs.
📌 Averaging down a losing pair and trying to win back losses.
Example: A beginner saw coin A lagging behind coin B, opened a pair without historical checks or a stop, and added to the position when it went into a loss. That is three mistakes in a single trade!
A typical mistake is not reviewing your own trades and assuming these errors only happen to others.
Which of these mistakes have you made yourself?
#Futures #CryptoTrading #CryptoEducation #RiskManagement
