What does 'day+ext' mean in the context of cryptocurrency trading?

5 answers

• Dec 19, 2021 · 3 years ago
  In cryptocurrency trading, 'day+ext' refers to a trading strategy where the trader holds a position overnight, beyond the regular trading hours. The 'day' part signifies that the position is opened and closed within the same trading day, while the 'ext' part indicates the extension of the position beyond the regular trading hours. This strategy allows traders to take advantage of potential price movements that occur outside of the regular trading hours, such as news announcements or market reactions to events happening after the market closes. However, it also exposes traders to overnight risks and potential gaps in price when the market reopens. Traders employing the 'day+ext' strategy should carefully consider their risk tolerance and implement appropriate risk management measures.
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• Dec 19, 2021 · 3 years ago
  Ah, 'day+ext' in cryptocurrency trading! It's like holding onto a roller coaster ride after the park closes. You're in for an extended thrill, but also some potential surprises when the park reopens the next day. In simple terms, 'day+ext' means keeping a position open overnight, beyond the regular trading hours. This strategy allows traders to capture any price movements that occur outside of the usual trading hours. However, it comes with its own set of risks, such as overnight market volatility and potential gaps in price. Traders should carefully assess their risk appetite and use appropriate stop-loss orders to manage their positions.
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• Dec 19, 2021 · 3 years ago
  When it comes to cryptocurrency trading, 'day+ext' is a term that refers to holding a position overnight, beyond the regular trading hours. It's like extending your stay at a party that's already over. By keeping a position open during this extended period, traders aim to take advantage of potential price movements that occur outside of the regular trading hours. However, it's important to note that this strategy also exposes traders to overnight risks, such as unexpected news events or market reactions that can impact the price when the market reopens. Traders should carefully consider their risk tolerance and implement appropriate risk management strategies when employing the 'day+ext' approach.
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• Dec 19, 2021 · 3 years ago
  In the context of cryptocurrency trading, the term 'day+ext' refers to a trading strategy where traders hold their positions overnight, beyond the regular trading hours. This strategy allows traders to potentially benefit from price movements that occur outside of the regular trading hours, such as news announcements or market reactions to events happening after the market closes. However, it's important to note that holding positions overnight also exposes traders to overnight risks, including potential gaps in price when the market reopens. Traders should carefully assess their risk tolerance and use appropriate risk management techniques when employing the 'day+ext' strategy.
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• Dec 19, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, explains that 'day+ext' in the context of cryptocurrency trading refers to a trading strategy where traders hold their positions overnight, beyond the regular trading hours. This strategy allows traders to potentially benefit from price movements that occur outside of the regular trading hours, such as news announcements or market reactions to events happening after the market closes. However, it's important to note that holding positions overnight also exposes traders to overnight risks, including potential gaps in price when the market reopens. Traders should carefully assess their risk tolerance and use appropriate risk management techniques when employing the 'day+ext' strategy.
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