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RE: Steemit Crypto Academy | Course By @stream4u - Crypto Margin Trading & Crypto Leveraged Tokens Trading.
Can you please help me understand a little more? Let’s take the example of ETH Down that you mentioned, is there a time frame within need to book profit or can continue to hodl if price going in favour?
Ideally, we should set a target before placing the order. You can go with any time frame, like 5 minutes, 15 minutes, 45 minutes.
Once the target achieved, the best is to square off the position, now it is up to us whether still want to hold or better book the profit and find another opportunity.
How long we can hold? Is it allowed to hold more than 24 hours ? if amount is in positive obviously.
Hi @neerajkr03
Yes, it will allow holding more than 24 hours, however, the profit and loss at the end of the day will get rebalanced/reinvest.
This is really useful. Thank you!