Buying long and selling short
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I have been confused for a long time now, I was trying to trade on the Binance Future, but I don’t w=understand when I should buy long and sell short, I sometimes make a profit but then lose a lot more, and I am confused as to when I am supposed to trade
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Long mean price go up
Short mean price go down
Basically when you long or short, you predict the future price of the coin
If you go for long, price go up, you gain money, if not, you loose, same for short
You need a strategy. No one knows when to buy and when to sell. That’s the game, to figure it out.