Volatility is a trader's best friend, as long as on the right side of the trade.
Shorting is a money make, or you can lose your ass.
That is not for the inexperienced and those with weak constitutions.
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I make sure to stay away from that becuse I don't even understand what it fully means lol
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Shorting is betting that prices go down. Basically you borrow BTC and promise to pay back the lender later. If BTC goes down, you buy back BTC and give it back to the original guy so you make money. However shorting has unlimited risk because if BTC rises 100x, you basically lost 100x your initial investment.
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Good. Point of view very explicit. I agree
AH okay, it makes sense
Yea, not for me indeed
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It's definitely a day traders best friend but I don't really like day trades and prefer swing trading over that. I don't think I want to watch the charts 24/7
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No and most day traders end up losing their shirts anyway. It is a rough way to go about things.
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