Quote from: South Park on October 17, 2024, 02:11:01 PM

Quote from: Sabuj_pal on October 17, 2024, 03:13:03 AM

Short selling in bull run can be dangerous, but still when I see a resistance zone I can't stop myself from short selling! what yours opinion in this case? Should I continue short selling in this bull run, or should prevent myself from doing this?

Short selling is a very risky maneuver especially in this market and under the current circumstances, since you do not really know when the price could go up all of a sudden and your position could become heavily compromised, especially if you were to use leverage as well, so if you are going to do it anyway I will recommend that you use a stop loss and that you abide to it, otherwise your losses could grow very quickly if there is a positive news and the market reacts to it.

They say that the current market circumstances are now getting stable, so this should not be very difficult for us to predict things. In fact, there will be no prediction that will be made after all Cheesy

, since the price won't go anywhere.

In a normal or highly volatile market, predicting is hard, so it would be better if we won't use leverage anymore because it can only amplify the risk. It is just that if we are lucky the profits that we can get is also very huge, no wonder why there are still people who are willing to take the challenge. Stop loss is useful in any situations but the more they can be useful in a highly risky situation like I talked about earlier.

News is one of the triggers of the price. We need to monitor it, so that we will know what can possibly come. It will still depend on the news if it will have an effect in the price or not because some news are not verified and their only goal is to manipulate. That won't work anymore because a lot of us have already learned, since cryptos are not a new thing either.