Master Eddie how is your short doing? still hedged with low spread?
#nohomo
Short not too happy yet, but improving slowly at the expense of the long. What's more important to me, my total margin is stable within 0.000004% - yes, that's 1/250,000. I'll cut down the losing branch as soon as she makes a solid move.#nohomo
Master, does it mean you open more shorts if the long is growing on the way above? I understand it this way.
Yes, I brought the short up to the same size as the long when the price spiked, so their entry points are quite a bit closer now. If she goes down as I think she will, I'll cash out part of the short. If she goes up, I'll cash out part of the long. Ideally when she gets back, I can close both legs and keep the proceeds. Or maybe it will be more complicated, so I'll have to adjust things in progress because she likes to tease a lot. For now it's wait and see.
d_eddie: I recognize that you and Gyrsur have been going a bit back and forth on this topic, and surely Gyrsur seems to have a decent amount of skepticism regarding both whether if your system works sufficiently to be worth the efforts and that it seems to take a decent amount of mental power and time consumption to regularly employ your system - and to hopefully remain profitable along the way.
I, personally, have a decent amount of confidence that you are both representing what you are doing in a decently accurate way, and that you are likely fairly profitable to stack more sats than you would have otherwise stacked if you would have attempted a pure going long position, including buying on dips and HODLing and perhaps selling a bit of BTC as the price goes up in order to buy back.
So, essentially, I kind of accept that if you are employing shorts, then you are likely much more profitable than me (relatively speaking) during 2018 when the BTC price was largely going down for the whole year. I also tentatively speculate that during our April 1 to June 27 BTC spike from $4,200 to $13,880, you would have been losing quite a bit of money during that period of time - maybe even enough to have off-set a decent amount of your 2018 BTC shorting profits. Accordingly, between about April 1 and June 27, there were hardly any significant BTC corrections in order that you could have recouped what you would lose each time that you entered a new short at a higher BTC price. So what did you actually do? Just suffer the losses and keep pulling the shorting lever, because at some point on or about June 27 (probably until now) shorting had become profitable, again.
Hopefully this is not too complex of an issue for you to attempt to address, which is largely how do you stay profitable during exponential BTC up periods, or do you just factor in that there might be short periods, such as the one between April 1 and June 27 that your shorting attempts are NOT profitable?
