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RE: Shorting fiat

in #trading7 years ago

Thank you for sharing this @acidyo.

As I was reading this, I was asking myself, before we got to your numbers, if the price of SBD and STEEM offset any gains. It appears you came to that same conclusion.

It is a wonderful lesson in margin/technical trading.

With the volatility in crypto, it is a traders dream. Of course, catch yourself on the wrong side and watch out. I was watching my account value yesterday and I intuitively called close to the bottom. I saw my account bottom out down about 40% from the high and said that is it. Sure enough, it went up throughout the day.

Unfortunately, I has no more powder in my keg to add to my positions. That is okay, I will just acquire more steem by posting and commenting.