risky
Profit Margin Challenge on Bybit Trading
The person is trading on Bybit. To make decent profits, they need about a 0.5% price movement. A 0.3% move easily goes to commissions only. Even if using limit orders for closing instead of take-profit targets.
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AI Analysis
Trading on Bybit requires careful consideration of price movements and associated costs. The individual highlights that a minimum of 0.5% price movement is necessary to achieve profitable trades, impl...
AI Recommendation
Traders should focus on strategies that aim for larger price moves to ensure profitable outcomes after deducting commissions. It might be beneficial to refine entry and exit points to maximize gains d...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.