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RE: Shorting USDCAD
Interesting! So I see you are a trader yourself :) What platform do you use to make this trade? Well, if you can compound these 0.5% gain, i'd say it's pretty good. But thing is crypto now is in a downtrend, and I see more downside coming before going back up again, hopefully? I have played around the steem sbd trade. Since I have seen it goes from 0.8 to 1.7. Most of the time its pretty stable but when it does move it moves quite substantially.
Yeah I don't touch altcoins. I only trade between TUSD and USDT. Unlike altcoins, if I miss my target, I know it will bounce back in a few days. You don't end up being a bad holder for months, if you trade between stable coins.
The entire market can be crashing, and it is actually better for TUSD to USDT, because there's an increase in horizontal volatility.
I never buy and hold. I only believe in trading on micro volatility as often as I can, to build steady exponential growth.
What I like about Crypto is, you get multi versions of the USD, so you never end up a bag holder.
Check it out.
https://www.binance.com/en/trade/TUSD_USDT