📜🧾 Trading Wisdom🧾📜
As always educate you, watch out funding fee when opening Short position as it will eat your profits silently!!!
For example even though my position shows 700$ profit on $VIC , just look at funding fee 😅 5% of my profit is paid in terms of funding fees!
some times funding fee is at max such as -2% hourly basis. Holding such position for 24 hours is enough to pay 50% as funding fee.
Its not really a joke because not only you loose profits but also your position can be liquidated if such funding fee is applied.
Hence, it is very essential to watch out funding fee when opening Short position.
📢⚠️⚠️ btw, don't open Short position on $VIC now. This is post is just an example that how funding fee can liquidate your position even though price followed your prediction!!
