How does enabling trade on expiration date in Robinhood affect the performance of cryptocurrency trades?

3 answers

• Nov 26, 2021 · 3 years ago
  Enabling trade on expiration date in Robinhood can have both positive and negative effects on the performance of cryptocurrency trades. On the positive side, it allows traders to take advantage of short-term price movements and potentially make quick profits. This can be especially beneficial for day traders who are actively monitoring the market. However, it also comes with risks. Cryptocurrency prices can be highly volatile, and trading on expiration date can expose traders to increased price fluctuations and potential losses. It requires careful analysis and risk management strategies to navigate this type of trading effectively.
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• Nov 26, 2021 · 3 years ago
  When you enable trade on expiration date in Robinhood for cryptocurrency trades, it means you are allowing your trades to be automatically executed when the expiration date of the trade is reached. This can affect the performance of your trades in several ways. Firstly, it adds an element of time sensitivity to your trades. If the expiration date is approaching and the market conditions are not favorable, you may end up selling at a loss or missing out on potential gains. Secondly, it can increase the frequency of your trades, which can lead to higher transaction costs and potentially impact your overall profitability. Lastly, it requires you to closely monitor the expiration dates of your trades and make timely decisions, which can be challenging for some traders.
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• Nov 26, 2021 · 3 years ago
  Enabling trade on expiration date in Robinhood for cryptocurrency trades can be a useful feature for traders looking to capitalize on short-term price movements. However, it's important to note that this feature is specific to Robinhood and may not be available on other cryptocurrency exchanges. If you're using a different exchange like BYDFi, you may need to explore alternative strategies to achieve similar results. It's always a good idea to research and understand the features and limitations of the exchange you're using before making any trading decisions.
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