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/biz/ - Business & Finance

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54683604 No.54683604 [Reply] [Original]

If I short bitcoin at a local resistance (say 29-31k) with a liquidation price of 40-60k then isn't that free money?

>> No.54683620

yeah just dont get too greedy

>> No.54683640

>>54683604
unless something unpredictable happens, yes probably.
my advice is to take small/medium gains often instead of holding out for the big one

>> No.54683673

won't you have to risk a lot to get any meaningful money. I never traded leverage since all i hear are pepole losing a lot

>> No.54683689

>>54683604
wouldn't it be better to long with a liquidiation price at 1 dorrar?

>> No.54683717

The funny thing is that 99% of the market knew that ~30k would be the top of this bear market rally, yet few people actually shorted 30k

>> No.54683735

>>54683604
??? If bitcoin goes up when you have a short, you lose money. baka.

>> No.54683740

>>54683604
ya just dont get greedy

for me a 1-2% win on a position is the target and then I decide to close or set a trailing stop or let it ride(this last option only works 5%) of the time

>> No.54683897

>>54683604
you're already too late bobo

>> No.54683920

>>54683717
im not getting the vibes that this is a bear market rally. it's still above 24k anon.