You are viewing a single comment's thread from:
RE: BTC hits $3,500!!! lets go over some charts, and discuss Simple & Safe trading
Luc, one question. Why do you not short on those spikes. You seem to know exactly where they are? Chris Dunn mentioned he made 70% of his profits initially by shorting.
I really don't want to complicate this trading method for everyone trying to learn how i trade.. I like to keep it simple, because I make plenty from just taking long positions.. However you can trade both directions effectively.. I dont think it makes much sense to focus on shorting in a bull market, but it can be just as profitable.. I however dont short cryptos, but I do ocationally sell spikes (with my free coins), and rebuy my core position after it settles down..
Thanks Luc!
I think I can chime in here - Luc is taking the other side because there are a lot of panic sellers in the markets, the 'edge' is that they will overreact and the bulls will buy back to the area that the price cracked from.
You're trading against less experienced traders when you buy from them. The other way round, you have no idea if a base will break and you're trading against the guys who keep buying up coins that drop.
Two very different games.