This estate goes back and forth, and it is estimated that shorting will have to wait and see the situation.
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风寻
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$MMT
This order lost 50,000 U
It's similar to last time's hemi, I didn’t set a stop loss, I usually set a 20% stop loss for general short positions, and when watching the market, I hesitated about whether to take the loss, then pulled too quickly and directly broke through my 2X.
(When the live broadcast just broke 0.5, I also said that I planned to short a bit, and after I said that, it started to rise. I didn't even have time to close my position)
I will explain the reason for shorting MMT this time, because I saw Buidlpad say they would handle the Cardano issue, and at that time the announcement price was in a consolidation phase, so I thought I could open a short position.
(And I confirmed that most comments said they were stuck, which you can verify yourself)
If it weren’t for this announcement, I wouldn’t have shorted MMT.
Whether it’s the previous tweet or the order record, you can see that I closed my position at 0.31 before the market opened, and I also mentioned in the group that I wanted to go long, but I didn’t take action. Before Buidlpad's announcement, I hadn't said anything negative about MMT.
Moreover, just a few minutes after the market opened, I placed an order wanting to go long, but I just didn’t get filled at that price. It rose a bit and I didn’t want to chase it anymore.
It feels like the market is too favorable for shorting right now, many people are blindly shorting, which can easily lead to a lot of fuel. After shorting and seeing the OI, it felt like it was higher than the real market value, so I was a bit tempted to close my short and go long, but I still wasn’t decisive enough to say.
Losing 20,000 U is acceptable, but losing 50,000 U on this short position is indeed a bit much.
This order lost 50,000 U
It's similar to last time's hemi, I didn’t set a stop loss, I usually set a 20% stop loss for general short positions, and when watching the market, I hesitated about whether to take the loss, then pulled too quickly and directly broke through my 2X.
(When the live broadcast just broke 0.5, I also said that I planned to short a bit, and after I said that, it started to rise. I didn't even have time to close my position)
I will explain the reason for shorting MMT this time, because I saw Buidlpad say they would handle the Cardano issue, and at that time the announcement price was in a consolidation phase, so I thought I could open a short position.
(And I confirmed that most comments said they were stuck, which you can verify yourself)
If it weren’t for this announcement, I wouldn’t have shorted MMT.
Whether it’s the previous tweet or the order record, you can see that I closed my position at 0.31 before the market opened, and I also mentioned in the group that I wanted to go long, but I didn’t take action. Before Buidlpad's announcement, I hadn't said anything negative about MMT.
Moreover, just a few minutes after the market opened, I placed an order wanting to go long, but I just didn’t get filled at that price. It rose a bit and I didn’t want to chase it anymore.
It feels like the market is too favorable for shorting right now, many people are blindly shorting, which can easily lead to a lot of fuel. After shorting and seeing the OI, it felt like it was higher than the real market value, so I was a bit tempted to close my short and go long, but I still wasn’t decisive enough to say.
Losing 20,000 U is acceptable, but losing 50,000 U on this short position is indeed a bit much.
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