Loading...
"If you agree that we’re in a bull market right now, it’s best to adopt a trading strategy like mine: [Hold $BTC/$ETH spot long-term + use contracts to short an equivalent amount when you want to sell during swings]. Here are a few benefits: 1. The biggest advantage is: In a bull market, prices rise more than they fall. When your short goes wrong, you should cut losses quickly, but when your long is right, don’t take profits too early. With my holding strategy, it’s easier for you to cut losses, and harder for you to take profits prematurely. Because when your short goes wrong, the losses on your short position are *explicit*, fluctuating every second, which makes it easier for you to decide to cut losses. This helps you avoid the most dreaded mistake in a bull market: selling too early and missing out on gains. On the other hand, when your long is right, the profits on your spot holdings are *not explicit*, which reduces the chances of you panicking over profits (fear of heights) and taking profits too early. 2. Stake $ETH as $WBETH, then use $WBETH as unified account margin. This way, you can earn staking rewards on $ETH, and even when you sell (short), the rewards won’t stop. 3. Bull markets usually have positive funding rates, so you can earn funding fees when you short." #Crypto #BTC #ETH #TradingTips