I am still trying to learn how to read those graphs and different trading options as for right now i only know how to do limit and stop loss orders. Short selling looks like an interesting option when backed up by double amount of currency in case things go north :) Thank you for sharing learning quite a few things from you. Cheers!
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Thanks!
I don't do shorting or margin trading, but I have enough capital that I don't need to - I find there are enough reliable ways to make money from upward movement only; also there are so many cryptos that at any time there's likely to be a few on the rise.
But if you are willing to use a more aggressive strategy, or are starting from a low base (so doesn't matter too much if you lose it), then it might be worth it ;)
One of the reasons i am learning those is just to educate myself ant try how it works with low amounts. And you are right another reason i am looking into this that i can risk it, because if i want to make a difference in my current standing i have to go all in and risk it. Otherwise considering my amounts it would not justify for the time spent. Lets say for today i would short on BTC. It has already tested it's all time high today i believe :) But we will see. Let's say it is a virtual bet :)
Make sense. Also, If I try to buy something like 2500ETH (max-ing out, haha!), I would need to build the position over some time...otherwise I lose too much in slippage! So, its easier with a smaller amount - you can close your position quicky without much cost.
Also, there are times when you can really minimise risk!!! The key time is when b-bands are really tight. Like last night, just before the break-out. I already had most of my position, but added to it at that point. If I did margin trading or shorting I would probably only ever do it in this situation! Why? Because as soon as the b-bands start to widen, there's a very good chance you'll get a great return, and most of the time, you don't expect to get an immediate reversal once it's decided on the direction. Hopefully I'll try to make another post on the recent eth breakout 😄
Ok, it will take me some time to decipher those terms here :) Copied it to clipboard and off to do a google search on b-bands and break-outs :)
Haha😂 Cheers:)
Oh, by the way :) You've just been called a horny dude on this post Funny people... envy is the rot of humankind...