Trading disclosure for peeps who are interested.
My short is very happy now! Unfortunately, I haven't managed to make it even with the long after yesterday's minidump. And I've been too timid in general. I should have made it much larger than the long - even double! With a tight stop on only half of it (evening it out with the long in case of a ramp up, but keeping it nicely plump if/while she kept going down). Well, hindsight is 20/20. I would have been even happier now, and I could have closed both positions with a net profit.
As it is now I'm still in the game, but it will take one more bounce up to make me whole - or some more risk on the short - which at this relatively low price, I'm unwilling to take.
What do you mean by "make me whole"? Are you valuing your situation in fiat? If you made some profits from BTC's price going down and you have accumulated some more BTC from BTC's price going down, then relatively speaking, you are better off from BTC's price going down than guys like me who are merely engaging in longs only. Thus, my whole networth has gone down about the 70% or more as much as BTC's price drop to the amount of my number of BTC's except for the price drop has allowed me to buy more BTC in the sub $8k territory where my next buy orders had been set to buy back about half of the BTC that I had sold in the $8,700 arena.... which those BTC trades are actually buy backs that rise to the level of less than .1% of my BTC value... (that is less than 1/10 of a percent)...
So anywhooooo, what I am trying to say is that any ability to profit in BTC from shorts is putting you in a better position than those of us who are only engaging in strategies that involving opening and closing longs.
consider what ignored JJG has to say
hahahahaha
I kind of like this moniker... In my thinking, the only way to improve it would be to add a few more adjectives such as "[the nosey pain-in-the-ass
no homo] ignored JJG".