What are the risks associated with using a short straddle graph in digital currency trading?

1 answers

• Dec 27, 2021 · 3 years ago
  Using a short straddle graph in digital currency trading can be a risky endeavor. It's important to note that BYDFi, a digital currency exchange, does not endorse or recommend this strategy. The risks associated with a short straddle graph include potential losses if the price of the digital currency moves significantly in either direction. Traders should also consider the transaction costs and the potential for limited profit potential if the price remains stagnant. It's advisable to thoroughly research and understand the risks before implementing this strategy.
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