Post
Topic
Board Trading Discussion
Re: Short Trade!
by
shinratensei_
on 26/10/2024, 02:08:15 UTC
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?
Hahaha...you will soon roast yourself alive if you continue like this. The trend is your friend and no one bets consistently against the trend and smiles in the end. It's fine if you have a good retracement strategy to back it up and also have your strict risk management attached to it. But it's certainly bad if you do it randomly without any basis/principles that make you act that way. I've argued this with many traders, they always learnt their lessons the hard way believing they could build a strategy with such a dangerous style.
good traders are trader that follow the trend, if the market is bullish just follow the trend. shorting just because we think we can know when exactly the market will reverse is foolish, the market just doesn't turn bearish in matter of hours after having full on bullrun that causes the price to go up so high.
there will always be an attempt of resuming the bullrun further from the late long position.

and yeah, if OP keeps doing what he's doing, shorting in bullrun, it will just become another case of being broke for going against the trade, our capital is too small compared to the whales, we definitely can't turn around the table.