Short now = make lots of money? - page 4.

pixie85

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Quote from: davinchi on January 13, 2019, 02:34:30 PM

This is time for buying and definitely not for going on shorting way of trading. I always recommend to go for bitcoins with long term plans and with shorting you cannot plan up for longer term. We must buy now as bitcoin market may start rising up in the near future and even it will fall down then also we must buy so that we can sure about no missing all the possible lower prices. But, many people started speculating about new ATH which might be possible within this year.

I honestly don't know why people are beginning to talk about shorting when we are 80% down from ATH. It's the same stupidity that leads people to buy coins that went up by 300% in the recent month. There's always a small chance your short will play out but if we aren't at the bottom yet we will soon be. Don't get too greedy people!

perla

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Quote from: stupido656 on December 08, 2018, 09:47:35 AM

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

Hope i have skill to do margin trade, because sometime it can be good thing to do when market still be bear market like this. I heard someone can get money even market still on bad condition, but risk of is same big as it's chance to get profit too.

davinchi

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This is time for buying and definitely not for going on shorting way of trading. I always recommend to go for bitcoins with long term plans and with shorting you cannot plan up for longer term. We must buy now as bitcoin market may start rising up in the near future and even it will fall down then also we must buy so that we can sure about no missing all the possible lower prices. But, many people started speculating about new ATH which might be possible within this year.

1Referee

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Quote from: BitHodler on January 12, 2019, 06:50:42 PM

I get it that you can set stop loss targets, but they mostly hover 1-2% above the entry price.

With how volatile the market organically is, your stop loss will very likely be triggered and you end up with no profits, even if the price ends up tanking hard afterwards. That's not trading, but straight gambling in my opinion....

That's what happens when you over-leverage your trades. I stick with 2-5x (mostly 2x) in order to have my trades become more profitable, even if it takes days or weeks for me to make profit. I don't chase quick profits, which is where most people go wrong and therefore over-leverage every trade. Anything above 10x is playing with fire, especially here in crypto where the market is extremely volatile already.

Another mistake is that people focus on one single trade, so they either gain or lose, while they could open a new position to benefit from a short term opportunity without affecting their other trades. It's just a matter of logical thinking, but considering how people aren't shy of using 50-100x leverage counts, there is no sense to utilize. Bitmex like platforms have been turned into casinos. Roll Eyes

Biscutard

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Quote from: iv4n on January 12, 2019, 06:14:04 PM

Quote from: Thanasis on January 12, 2019, 04:22:16 PM

Quote from: stupido656 on December 08, 2018, 09:47:35 AM

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

Good idea,but its really not advisable to do if you have no experience before since the prices can keep dumping or bumping without any signal even so you have to be ready for losing your money to make more or lost of money.

It`s good idea, only thing you need to have is perfect timing to get out and get in again when price drops. It works sometimes, sometimes not, what is important is to have some back up, in case price moves in other direction. Trading is all about timing, perfect trade is when you buy or sell in the right time (perfect buy is before price rise, perfect sell is just before price drop). It`s all about risking too, you don`t catch that right time all the time, you make mistakes that costs, that`s learning, think of it like paying for knowledge.

With less experience on trading i don't think OP would make it even just to get in and if he gets in his problem now is how to get out. Talking about of a perfect timing which is not really helpful because no one can execute a perfect timing, there is no such thing as perfect in this world.

OP might lose a lot of money trying to fit in with less experience, it might be better if he would just slowly give it a shot and not just shoot them all the way.

BitHodler

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Quote from: leowonderful on January 12, 2019, 11:12:54 AM

That doesn't mean it's not possible to make a profit shorting anymore, but you should take caution in your trades more than ever now.

I always found it fascinating how people even at current levels have the balls to short Bitcoin or any other crypto currency. I get it that you can set stop loss targets, but they mostly hover 1-2% above the entry price.

With how volatile the market organically is, your stop loss will very likely be triggered and you end up with no profits, even if the price ends up tanking hard afterwards. That's not trading, but straight gambling in my opinion....

The only thing you are doing is open position after position hoping that you will end up with more winning than losing trades. Technical analysis may give you an edge, but it's still a calculated guess.

iv4n

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Quote from: Thanasis on January 12, 2019, 04:22:16 PM

Quote from: stupido656 on December 08, 2018, 09:47:35 AM

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

Good idea,but its really not advisable to do if you have no experience before since the prices can keep dumping or bumping without any signal even so you have to be ready for losing your money to make more or lost of money.

It`s good idea, only thing you need to have is perfect timing to get out and get in again when price drops. It works sometimes, sometimes not, what is important is to have some back up, in case price moves in other direction. Trading is all about timing, perfect trade is when you buy or sell in the right time (perfect buy is before price rise, perfect sell is just before price drop). It`s all about risking too, you don`t catch that right time all the time, you make mistakes that costs, that`s learning, think of it like paying for knowledge.

Thanasis

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Quote from: stupido656 on December 08, 2018, 09:47:35 AM

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

Good idea,but its really not advisable to do if you have no experience before since the prices can keep dumping or bumping without any signal even so you have to be ready for losing your money to make more or lost of money.

leowonderful

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Bitcoin FTW!

It's absolutely not as simple as shorting every bounce or upwards movement anymore- I did see comments like this on a Bitcoin trading subreddit a few months back, but with the many "lightsaber-like" (example here (click here)) patterns coming up on the 1- and 5-minute graphs on exchanges like Bitfinex and Bitmex that are designed to weed out leveraged traders on both longs and shorts, it's easy to lose your money on a leveraged long or short. That doesn't mean it's not possible to make a profit shorting anymore, but you should take caution in your trades more than ever now.

mariah.sadio

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My advice is that you just have to sell it if its price is high. Do mot every panic sell a cryptocurrency you hold if you know you are short from it.

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Quote from: kamudd on January 12, 2019, 04:42:20 AM

Short-term is indeed a fairly profitable trading method, but most of us sometimes have difficulty using several pumps in the market.

Not fot btc though. Many people who went in negative are the ones who shorted. I think it takes extensive experience and knowledge of the market to be efficient in shorting. Definitely not for me.

Jating

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Quote from: kamudd on January 12, 2019, 04:42:20 AM

Short-term is indeed a fairly profitable trading method, but most of us sometimes have difficulty using several pumps in the market.

Profitable if they really well adept on how the price moved or well verse in reading graphs or have some sort of experience of Technical Analysis.

I also speculate that speculators has also evolved shorting not just bitcoin but the rest of the coins in this bearish market. Just imagine buying when the price is $3200 and selling it at $4200 last December makes sense.

But we also have to take into account the risk involved. If you have a faint of heart then shorting might not be the one for you though. Also the greed factor must be controlled as well.

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Short-term is indeed a fairly profitable trading method, but most of us sometimes have difficulty using several pumps in the market.

arpon11

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Quote from: stupido656 on December 08, 2018, 09:47:35 AM

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

I believe that they are some people that follow this advice you have given and many of them have made some serious money from the market. It is a good strategy to short when you know that the market is really going down. Most of those that learn how to hedge when bitcoin was high and there was believed and evidence that bitcoin is going to fall through out 2018 have made Alot of money from the market. Remember that what you know is what put money into your pocket.

tranthiky

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You want to trade with short waves. You should trade with trading pairs with USDT with a time frame of 5 minutes, 15 minutes, 30 minutes. Look at the MA and MACD lines to predict the direction of the price with the short method. Besides looking at 2h, 4h, 12h time frames to predict future trends.

Set 2-5% profit and exit when you feel unsafe.

beerlover

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Quote from: stupido656 on December 08, 2018, 09:47:35 AM

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

Seriously ? This clearly shows how OP and anyone who agrees with OP doesn't know trading at all. Shorting while something is already down 80%+ is insane, why would you start shorting now. It is exactly like buying leveraged longs while we were in 20 thousand dollar levels.

It makes no sense at all to short it when the price is so low. I am not saying buy longs or even buy but if you think bitcoin is going down just stay at fiat for a while until you decide its time to buy but do not risk your money shorting bitcoin when its already this low, the most likely scenario is you will lose a lot of money because of it.

This is exact opposite time to short since the price is not really good for going too much down, it may go down only a bit but it won't go down too much like it did in all of 2018.

manggis97

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If you short Bitcoin start from when you create this thread until now you will make a lot of money. But will be profitable to shorting by make deposit in USD and not any crypto because if the balance in crypto the amount will increase but the value will be going down. To shorting BTC is good in regulated broker. But for now BTC seem oversold and is better to long in crypto exchange without margin.

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Quote from: stupido656 on December 08, 2018, 09:47:35 AM

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

Shorting now seems like a huge huge risk. Most people around here think we might see a bottom soon. Even if we don't see a true bottom I'd expect to see some sort of dead cat bounce. BTC seems like it will recover at some point so opening a short on something that is bullish long term is risky business. Shorting at 10k or 6k was a much better option than now.

LogitechMouse

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Quote from: stupido656 on December 08, 2018, 09:47:35 AM

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

Its obvious that you are a newbie in trading because you don't know what overbought means. You are saying that BTC is overbought at this moment where in fact it is oversold. If Bitcoin is overbought, the RSI must be on the top but now its not. Its in the fucking below of the below of the below.

Anyway, shorting at this kind of market is somewhat risky because you don't know when the Bitcoin goes down or goes up and it is more stressful in my opinion because I tried it.

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Overbought can already be considered just looking up on the price history of Bitcoin itself came from ath and to this current price.Overbought if we do based on MACD
on technical aspects but I don't know how this analysis to be valid yet it doesn't even shows on 70 line. What settings you do put on?

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