YoungShkreli
Short

Re-entering ETH short

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Hello friends,

I am re-entering into a short position in ETH.

In the last two attempts, it hasn't gone as I'd hoped, but that's okay. That's why we have risk management. I now just get to re-enter at a favorable price. I am okay with waiting.

I am expecting ETH to fall back to $80 and eventually go to maybe $10. The bear market in BTC is not over, it is also not over in ETH.

Good luck and happy holidays!

-YoungShkreli
Comment: Added more shorts at 118
Trade closed: stop reached
Comment: Shorting has proven difficult lately. Will be waiting for another clear opportunity. Remember, if you can actively trade and not lose money, are heading in the right direction. That is done by consciously limiting downside.

Comments

@YoungShkreli it worked for a while... How do you see the market in the upcoming days? Should we have another correction down or is this really the end of the bear market? Cheers!
Reply
YoungShkreli carlitos21
@carlitos21, I doubt it's the end of the bear market, we will just have to see, it's choppy short term...
Reply
I guess that did not end well? Have you had any stops? I hope so! I wanted to short but i don’t trust this market at the moment.. feels like short and long squeezes all the time just to shake everyone out. They’re doing a good job if you’d ask me!
Reply
YoungShkreli CrypTorre
@CrypTorre, Yes, my stop was hit earlier on the run up at 127
Reply
YoungShkreli YoungShkreli
@YoungShkreli, Trade made money tho so I can't complain.
Reply
Nice Added more shorts at 118.
Reply
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