LAB is completely going against Bitcoin. Yesterday, I went long on LAB and got stopped out. At 10 PM, Bitcoin hit 6220, so I went short on Bitcoin. Then Bitcoin started to drop, and LAB began to rise. I immediately went long. It kept climbing, so I set a stop-loss with profit protection and went to sleep. When I woke up, I saw it had gained up to 20%, recovering my previous losses. The best part was the funding rate—it's every hour. I roughly calculated that if the rate stays the same, I'd double my position in 12 hours. So I closed half to recover my earlier losses, and let the rest ride. Now I'm not losing money and still collecting funding. Awesome!



This is how it feels when you're on the right side of a futures trade—really satisfying: you make money and collect funding. Of course, I've been on the wrong side before: losing money and paying funding, getting wiped out in no time. The most memorable was LA
$BTC $LAB $LA
BTC0,82%
LAB-36,40%
LA4,01%
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