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Explaining trading logic of holding positions over closing them to minimize financial risk.

From BITCOIN JUST GOT BAD NEWS… IS A MASSIVE CRASH NEXT?! 🔴 LIVE · jumps to 32:38 · speech

▶ Open at 32:38 on YouTube
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Wonderful. Let's say I keep the long open and we dump and my long gets stopped out. Guess what? I'm up five figures on the short and I've already locked in $1,500 on the long by keeping it open. There's less risk than closing it. People don't understand this, but this is like a huge game changer in trading. You put yourself in a situation where there's fewer situations that could hurt you financially. You put yourself in a situation where [music] there's more things that could happen where you're still profiting. Right? That's why I'm long in case of pump. I have nothing to risk. I have more to risk by closing the long trade than keeping it open. Way more to risk.
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