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Message Subject XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
Poster Handle Anonymous Coward
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That timeline was before ethereum started posting hidden bearish divergence like CRAZY. The hidden bearish divergence signaled doom was coming and no upside would happen.

So disregard that short price/date.

Basically doom is coming faster than that and there will be no pre-doom pop upward.

Shorting is very lucrative but you have to honestly be really good at it. You have to not leverage too high. You have to use a stop loss. You have to be okay losing 1-2% and cutting a losing trade before it gets too ugly.

Never ever accept a loss over a 1-2%. Losing 1-2% is nothing. Losing 20% is horrific. Degenerate gambler losers don't use stop losses. Be a responsible adult and trade responsibly. Trading is profitable if you do it properly. It's not if you gamble. Gamblers always lose eventually.
 Quoting: Mr. Cheeze


Wise and Sage advice. Thank you!

I'm not a fan of leverage and shorting in general. Even when long, I never knowingly (mistakes happen!) take a trade without a stop loss and take profit in place. Using bots makes this disciple much easier and reduces the emotions that come into play. The strategy is small but consistent net positive wins. Not looking to get rich overnight.

Although I do not like the additional risk, after several years at this I also need to expand my skills and it's probably as good a time as any to give shorting a try.

You are correct - gamblers always loose.

I'll be cautious and responsible... :)
 Quoting: nemo_solus


I believe shorting is infinitely easier than longing. I short ten times as often as I long because it's just so bloody easy in comparison. My win% on shorts is insanely better than my long win%.

The best time to short crypto is usually when a 4 hour candle closes. There are 6 four hour candles in each day. Basically, every 4 hours of the day I am glued to the charts. I hunt for opportunity and if I find nothing I just come back 4 hours later.

Obviously there's more to it than just shorting after a 4 hour candle closes. These are just the times I look for opportunity. I also am twice as interested when a daily candle closes. I am a further twice as interested when a weekly candle closes. Weekly candle closes make you the best money. Weekly candle closes are often when trends change from bull to bear or from bear to bull.
 Quoting: Mr. Cheeze


Thanks for the tips - I'll be studying it and probably making some paper trades as practice first before going at it live.

Any favorite platforms? I'm looking at Kucoin as I already have an account over there to trade XRP since the US exchange markets have shut it down.
 Quoting: nemo_solus


bybit is super easy to use and there are like 20 coins you can leverage trade. I'd recommend it
 
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