
Eric BriggsBearishEvery open futures position is basically a vote. Long is a vote that price climbs. Short is a vote that price falls. Add up every vote on Bitcoin at a given moment and you get one number: the long/short ratio. It will not tell you who wins. It only tells you which way the crowd currently leans, and crowds get it wrong more often than traders like to admit.

Albert RobertsonBearishGive a dog too little leash and it chokes itself on every twitch. Give it too much and it wanders into traffic. A stop loss that trails a trade works on the same logic, except the dog is your open position and the leash length needs to match how much the market is actually moving, not some fixed number you picked out of habit.