Crypto Trading 101: Long vs Short Position 加密货币交易101:多头对空头

What are long & short positions? 什么是多头和空头头寸?

Exonium
Exonium Exchange
4 min readApr 6, 2020

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An experienced trader will always have a well-planned strategy as well as a good analysis of the market conditions before executing a trade.

As the classic finance adage goes, “Always buy low, sell high.” However, like almost everything in life, it’s easier said than done, as it can be difficult to predict with certainty on when the price is going to go up or down, especially in a volatile market such as cryptocurrency. The best thing a trader could do is research extensively and practice technical/fundamental analysis.

After planning, there are two options: going long or short.

A long/short investment strategy is usually associated with hedge funds, but a growing number of cryptocurrency investors are using the same approach to diversify their portfolio and increase their profits. The cryptocurrency market is one of the most volatile investment assets and a long/short strategy means traders can make a profit in situations where prices rise and fall, both of which inevitably happen throughout the year in the volatile cryptocurrency market.

Long

Taking a long position means a trader anticipate a particular asset to increase in value in the future. Executing a long position is simple; a trader just buys a cryptocurrency today and wait for it to rise in value in the future.

When the price goes up, the trader could either sell or wait for it to rise more. Hodlers love to hold cryptocurrency forever, however, historically that doesn’t seem like a great strategy for the most profit. Even if Bitcoin is the most popular cryptocurrency, it would have to undergo many market cycles and a trader would miss out on great opportunities.

Eg 1 — Going long on 1,00 BTC at $10,000, the transaction costs you $1,000,000. If you are able to sell BTC at $12,000, you will receive $1,200,000 and net a $200,000 profit.

Eg 2 — Going long without a time period, your potential profit is unlimited since the price of any assets can rise indefinitely. The price of BTC could go up to $20,000, $50,000, $500,000 or $1,000,000.

The flip-side to a long position is a decrease in the value of the cryptocurrency. If BTC sold at $9,000, the value of entire BTC portfolio will only be $900,000 instead of $1,000,000. $100,000 will be lost.

Short

Taking a short position is the exact opposite of longing. It means that a trader expects the price of a particular cryptocurrency to go down. Basically, the trader bets against the price of cryptocurrency due to factors such as believing an asset is currently overvalued and will correct its price soon or because a trader anticipates an event that could lead to its downward pressure in price or some other factors that the price might go down.

A short position, therefore, involves selling a particular token. It doesn’t necessarily mean that you don’t believe in the crypto project anymore. In fact, it is common practice to buy back a cryptocurrency at the end of a short position when the trader deems that the price is sufficiently low enough and it is time to buy the dip.

Conclusion

Long and short positions are used by investors to achieve different results, and oftentimes both long and short positions are established simultaneously by an investor to leverage or produce profits on a cryptocurrency. There is a wide variety of long and short positions that traders may adopt. A knowledgeable investor will have grasped the many advantages and disadvantages of each individual type of long and short positions before attempting to incorporate these strategies in a trading plan.

***Disclaimer: This content is not financial advice and should not form the basis of any financial investment decisions nor be seen as a recommendation to buy or sell any good or product. Trading cryptocurrency is complex and comes with a high risk of losing money. You should carefully consider whether trading cryptocurrencies is right for you and take the time to learn how trading works and decide how much money you are prepared to risk.

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Quick guide:

经验丰富的交易者在执行交易之前将始终拥有精心计划的策略以及对市场状况的良好分析。

正如经典的金融谚语所说,“总是低买高卖。”但是,就像生活中的几乎所有事物一样,说起来容易做起来难,因为很难确定价格何时会上涨或下跌,尤其是在诸如加密货币这样的动荡市场中。交易员可以做的最好的事情是广泛研究并进行技术/基础分析。

计划之后,有两种选择:多头或空头

多头/空头投资策略通常与对冲基金有关,但是越来越多的加密货币投资者正在使用相同的方法来分散其投资组合并增加其利润。加密货币市场是最不稳定的投资资产之一,多头/空头策略意味着交易者可以在价格上涨和下跌的情况下获利,这两种情况在全年都不可避免地发生在波动的加密货币市场中。

多头头寸

持有多头头寸意味着交易者预期特定资产将来会增加价值。执行多头头寸很简单;交易者今天只购买一种加密货币,并等待其将来的价值上涨。

当价格上涨时,交易者可以出售或等待价格上涨。长期加密货币投资者喜欢永远持有加密货币,但是从历史上看,这似乎并不是谋取最大利润的好策略。即使比特币是最受欢迎的加密货币,它也必须经历许多市场周期,而交易者却会错过巨大的机会。

例如1-以10,000美元的价格在100 BTC上做多头,交易成本为1,000,000美元。如果您能够以12,000美元的价格出售BTC,您将获得1,200,000美元,并获得200,000美元的净利润。

例如2-长时间没有时间,您的潜在利润是无限的,因为任何资产的价格都可以无限期地上涨。 BTC的价格可能高达20,000美元,50,000美元,500,000美元或1,000,000美元。

不利的一面是加密货币的价值下降。如果BTC以9,000美元出售,那么整个BTC投资组合的价值将仅为900,000美元,而不是1,000,000美元。 $ 100,000将会丢失。

空头头寸

空头与多头完全相反。这意味着交易者期望特定加密货币的价格下跌。基本上,交易者押注加密货币的价格是由于诸如认为资产当前被高估并会很快纠正其价格之类的因素,或者因为交易者预料到可能导致其价格下行压力或其他价格因素的事件可能会下降。

因此,空头头寸涉及出售特定代币。这并不一定意味着您不再相信加密项目。实际上,通常的做法是在交易员认为价格足够低并且是时候买入跌价时,在空头头寸结束时回购加密货币。

结论

投资者使用多头和空头头寸来获得不同的结果,并且通常情况下,投资者会同时建立多头头寸和空头头寸,以利用加密货币或从中获取利润。交易者可以采用各种各样的多头和空头头寸。有经验的投资者在尝试将这些策略纳入交易计划之前,已经掌握了每种类型的多头和空头头寸的许多优点和缺点。

***此内容不是财务建议,不应作为任何财务投资决策的基础,也不应被视为购买或出售任何商品或产品的建议。交易加密货币很复杂,并且有很高的赔钱风险。您应该仔细考虑交易加密货币是否适合您,并花点时间学习交易的工作方式并确定您准备冒多少风险。

关于嘉库

嘉库是一个全新的世界级加密货币交易所,重点关注用户资产的安全性和保护以及高流动性。

嘉库成立是为了推动加密货币被广泛采用。融合了交易所生态系统的最佳功能和社交网络平台的原理,该交易所旨在通过赋予交易员权力和能力,将权力重新交到社区手中。

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