This grind-it-out strategy is absolutely like licking blood off a knife with massive leverage.
Let’s do the math: average entry at 1000.35, with eight consecutive 50,000 U positions piled in—that’s nearly 400,000 U in notional value. The current price is 985, so it looks like there’s unrealized profit, but this is high leverage, folks!
The 1000 level is the line between life and death for this strategy. A little higher, and the 1007–1055 range is a minefield of short liquidations. One sharp wick up and those highly leveraged shorts vanish in an instant. A little lower, and 969 is the first support; only if it breaks can we look toward 957, or even 800.
The aggressive approach is simple: take profits while you can, and never stubbornly hold a losing position.
The logic for this trade comes down to one thing: close half the position at 969, and keep a hard stop-loss at 1010. Don’t be stubborn, and don’t believe in some “shorting on faith” nonsense. In high-leverage trading, the grass over the graves of those who refuse to cut their losses is already three meters tall.
The battle to defend 1,000: win the grind and it’s champagne and supermodels; lose, and you’re working on the rooftop. Meeting adjourned!
Let’s do the math: average entry at 1000.35, with eight consecutive 50,000 U positions piled in—that’s nearly 400,000 U in notional value. The current price is 985, so it looks like there’s unrealized profit, but this is high leverage, folks!
The 1000 level is the line between life and death for this strategy. A little higher, and the 1007–1055 range is a minefield of short liquidations. One sharp wick up and those highly leveraged shorts vanish in an instant. A little lower, and 969 is the first support; only if it breaks can we look toward 957, or even 800.
The aggressive approach is simple: take profits while you can, and never stubbornly hold a losing position.
The logic for this trade comes down to one thing: close half the position at 969, and keep a hard stop-loss at 1010. Don’t be stubborn, and don’t believe in some “shorting on faith” nonsense. In high-leverage trading, the grass over the graves of those who refuse to cut their losses is already three meters tall.
The battle to defend 1,000: win the grind and it’s champagne and supermodels; lose, and you’re working on the rooftop. Meeting adjourned!
