Gosumon39
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Bullish
$BTC A common mistake of ACE traders is getting caught up in Long Short. They always think that if they know the price will rise, they must Long, or conversely, if they know the price will fall, they must Short!
For example, Ace knows 100% that the price will drop from 100k to 79k. So, they open a 50x Short position from 100k. But before it drops to 79k, the price rises to 109k to liquidate their position first (crosses over if there is any), and then it really drops to 79k.
Knowing it will rain is one thing, but guessing when it will rain is another matter 😁
For example, Ace knows 100% that the price will drop from 100k to 79k. So, they open a 50x Short position from 100k. But before it drops to 79k, the price rises to 109k to liquidate their position first (crosses over if there is any), and then it really drops to 79k.
Knowing it will rain is one thing, but guessing when it will rain is another matter 😁
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