What are the differences between PL Open and PL Day in the world of cryptocurrency?

1 answers

• Nov 24, 2021 · 3 years ago
  PL Open and PL Day are two different trading strategies commonly used in the world of cryptocurrency. PL Open refers to a strategy where traders keep their positions open overnight, while PL Day involves closing all positions by the end of the trading day. The main advantage of PL Open is the potential to capture larger price movements that may occur overnight. However, it also exposes traders to the risk of price fluctuations during non-trading hours. PL Day, on the other hand, allows traders to avoid overnight market risks and focus on short-term price movements within a single trading day. The choice between PL Open and PL Day depends on individual trading preferences, risk tolerance, and market conditions. It's important to note that different exchanges may have different rules and trading hours for PL Open and PL Day strategies, so it's essential to familiarize yourself with the specific guidelines of the exchange you are using.
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