Hello friends,
I am short ETH from 1345. I am not necessarily bearish on ETH but I consider it roughly equiprobably that it makes a new all time high versus dropping considerably. I have risked 3% on this trade.
I've heard a lot of talk about "growth" in ETH etc. I don't believe it. That said, it doesn't matter what I think, it can still go massively up. I'm just in this trade because I think that while probably I will be wrong, the payoff is high enough such that it is a positive expected value trade for me to take.
Seems also the people are extremely bullish ETH, which that compounded with the fact it is at ATH means I tend to lean bearish.
Thanks,
Shkreli
I am short ETH from 1345. I am not necessarily bearish on ETH but I consider it roughly equiprobably that it makes a new all time high versus dropping considerably. I have risked 3% on this trade.
I've heard a lot of talk about "growth" in ETH etc. I don't believe it. That said, it doesn't matter what I think, it can still go massively up. I'm just in this trade because I think that while probably I will be wrong, the payoff is high enough such that it is a positive expected value trade for me to take.
Seems also the people are extremely bullish ETH, which that compounded with the fact it is at ATH means I tend to lean bearish.
Thanks,
Shkreli
Comment:
fyi stop is 1480.
Comment:
stop out. It's fucked up. o well