TRADOOR’s moves yesterday were really something to sigh about. A bunch of people desperately tried to talk that guy out of shorting, but what happened? The price still crashed just like that.
To be honest, his trading logic wasn’t wrong—given the current market conditions, shorting altcoins is actually a relatively reliable direction. So, where did things go wrong? Execution and position management.
High leverage is a ticking time bomb. Even if you pick the right direction, if you can’t withstand short-term volatility, you’ll still get liquidated and forced out. The market isn’t going to hand you money just because your judgment is right. All those shakeouts, wicks, and wash trading in between—any one of them could force you out early.
If you really want to make money shorting altcoins, using low leverage is the way to go. Give yourself enough room for error, and wait until the trend truly unfolds. Otherwise, it’s the classic tragedy of “being right but not making a profit.”
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TRADOOR’s moves yesterday were really something to sigh about. A bunch of people desperately tried to talk that guy out of shorting, but what happened? The price still crashed just like that.
To be honest, his trading logic wasn’t wrong—given the current market conditions, shorting altcoins is actually a relatively reliable direction. So, where did things go wrong? Execution and position management.
High leverage is a ticking time bomb. Even if you pick the right direction, if you can’t withstand short-term volatility, you’ll still get liquidated and forced out. The market isn’t going to hand you money just because your judgment is right. All those shakeouts, wicks, and wash trading in between—any one of them could force you out early.
If you really want to make money shorting altcoins, using low leverage is the way to go. Give yourself enough room for error, and wait until the trend truly unfolds. Otherwise, it’s the classic tragedy of “being right but not making a profit.”