What do you do when your trade drags on forever? ⏳
⏳ A spread can stay in an unfavorable state for a long time, and that is normal for this style of trading.
💸 Time is also a cost: your money is locked in the position while funding fees keep accumulating.
🧠 The longer a position stays open, the stronger the urge to invent reasons to justify holding it.
📋 Decide in advance how long you are willing to wait, otherwise hope will take over analysis.
For example, you wait for the spread to narrow, but it takes much more time than expected. Every single day you find a new reason to "wait just a bit longer." This is your signal to stop and check your original plan.
Common mistake: Extending your waiting deadline every time the trade doesn't 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, and that is normal for this style of trading.
💸 Time is also a cost: your money is locked in the position while funding fees keep accumulating.
🧠 The longer a position stays open, the stronger the urge to invent reasons to justify holding it.
📋 Decide in advance how long you are willing to wait, otherwise hope will take over analysis.
For example, you wait for the spread to narrow, but it takes much more time than expected. Every single day you find a new reason to "wait just a bit longer." This is your signal to stop and check your original plan.
Common mistake: Extending your waiting deadline every time the trade doesn't work out on schedule.
What do you do when a trade takes longer than planned?
#Futures #CryptoTrading #CryptoEducation #RiskManagement