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16065160 No.16065160 [Reply] [Original]

How do I practice shorting crypto? How long did it take you to get good at it?

>> No.16065173
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16065173

Simulated trading on BitMEX my guy

>> No.16065206

>>16065173
not OP but i didn't know that is a thing, thanks anon

>> No.16065207

Just short when we hit resistance, long support. It’s all you need to know really.

>> No.16065225

>>16065160
>How do I practice shorting crypto?
So there is no fundamentals with crypto, no PMI reports ect. Its all up to sentiment & sadly some BS TA. Oh & whales, don't forget about the whales. Oh Oh OH almost forgot, the exchanges also.
>How long did it take you to get good at it?
I would say this part is about bankroll management.

>> No.16065239
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16065239

Never short the market price unless its pumping. Set a limit order 2%-3% higher and wait for the price to the climb upwards to it.. Of course there are rogue waves and sometimes you'll get wiped out but thats why your practice proper risk management and never risk more than 20% of your account.

>> No.16065312

Thank you helpful bears. Have been trying to learn to play with the volatility. Would love to hear more strategies

>> No.16065558
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16065558

So when's our time?

>> No.16065575

>>16065173
I tried bitmex. Their interface confuses the shit out of me. Bybit is better anyways minus not having a testnet

>> No.16065638
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16065638

>>16065575
It's definitely not the most intuitive because it has so many advanced features but their documentation is extremely thorough if you wanted to learn. Also what the FUCK is bybit

>> No.16065841
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16065841

why does it look in my graph that we are out of the channel but in coindesk it shows that we are still inside the channel?
wtf am i doing wronk?

>> No.16065867

>>16065638
bybit is another exchange that lets you margin trade
pretty popular one