Quote from: justdimin on Today at 04:48:10 PM

The risks involved with short trading is gigantic, so you are right that only the people who are good at this could end up doing it well enough. I am sure that we are going to make a lot of money with this when we get some time, but that doesn't mean we are going to eb profiting just because we want to short trade.

We need to be great at trading, make sure you do it beforehand and if you do it well enough then you are going to be making a good income, but if you are wrong then we are going to end up with a wrong result as well. What I can do right now would be margin trading with filling up a bit more to lower the risk, but I am sure even that would be risky for me, so I would suggest not going that route that commonly. A lot of newbies try to do this because they want to get rich overnight, but a lot of them end up losing all of their money in the end. Going from 1k to 10k with just a 10% increase sounds great, but most lose all of that 1k instead.

Depends what you're shorting Wink

For instance, I wouldn't short bitcoin because it's a "mostly up" asset, which means that it eventually trades higher after a correction, so you can blindly buy it at any point in time and eventually make money, while you can't do it the other way round. When it comes to shitcoins though, situation is much different as they mostly trend down. Just look at every single altcoin that's been around for more than 5 years. It has its pumps but after a while it ends up lower and lower. If you have time and money and don't get too much leverage you can play around shorting the altcoin market.

Anyway, in an illiquid market longs and shorts tend to get liquidated every few days, so you either catch a good move or you get fucked, there's nothing in between.