Quote from: yefi on March 20, 2017, 12:22:22 AM

Quote from: mtnsaa on March 19, 2017, 07:24:21 PM

What about that DASH though...crazy, did you guys read about the guy who shorted himself to poverty on Reddit?

https://www.reddit.com/r/ethtrader/comments/606fz4/my_final_margin_call/

Totally irresponsible. These guys get lucky with risky trades and think they're untouchable, until they're wiped out. Shorting is a tool that needs to be used judiciously - analysing the charts, setting proper limits, and hedging yourself. Doubling down against a multi-year breakout is foolhardy as these things can really run away, as we see with DASH.

Definitely, I've done some margin trading in the past in crypto and it's not worth the stress. The market is completely unpredictable at times, downright illogical since there's too much manipulation. Unless you have first source insider information there's definitely something to avoid. I think you should also be a very novice trader that can't take minor loses. Especially shorting like you said, it's something very hard to do (I've always lost money shorting, luckily I close them as soon as the trade wasn't going my direction).

And I'm not even a trader per se, more of an investor who sometimes see some opportunities based on sentiment alone. I really don't care for technical analysis especially in terms of crypto