Trader Ansem Says Time Can Prompt an Early Exit From Bitcoin (BTC) Trades

Trader Ansem said he may leave a short-term Bitcoin (BTC) trade before its stop-loss is reached when price remains near his entry and the expected move does not appear, making elapsed time part of his risk assessment. Ansem said he enters short-term positions expecting the market to move in a particular direction quickly. If Bitcoin stays near his entry for an extended period, he reassesses whether the original reasoning for the trade still holds. Ansem said short-term trading can reveal sooner whether a position is working. He may therefore exit before reaching his stop-loss when the anticipated price movement fails to develop. He considers both price and time when deciding whether to stay in a trade. Enna Lee reports on investing and digital-asset markets for TokenPost.

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