You are viewing a single comment's thread from:
RE: Steemit Crypto Academy Contest / S13W4 - Short Squeeze.
As enticing as short squeeze can be for those who went long, it is a nightmare for traders who had gone short, as it can lead to them losing their all their assets. And with the volatile nature, no one is totally safe from the dire effects of short squeeze, like the name implies, it squeezes everyone into a tight corner.
You've made a nice entry and I wish you all the best, its been a long time we've seen your post in this community. Hope to see more from you.
Hahaha you are totally correct and guess what? No one want loves to be squeezed.
This is why I would always advice that the skill of trading should be mastered aps it is not a child's play.
I don't think people really master the skill of trading 100% as there are always surprises in the financial market, more especially in the crypto market as it is more volatile than any other. This is why when making a trade, trader now insert TP (Take Profit) and SL (Stop Lose) in positions they feel comfortable with.
You are definitely rights that's why till tomorrow trading is still regarded as risk