Long Trade VS Short Trade which is more profitable for us?
Assalamu Alaikum
Matic |
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[Screenshot From Binance]
I bought this coin at $0.85 then pumped it hit $0.95 and after 1 week it went down and is now $0.84.
Now if I had sold when it hit $0.95, waited for a few days, then I could have bought $0.84 again, which would have made me a total profit of $0.11 per coin, and then I would have gotten more coins with this amount. ,
You may now understand what I mean.
So I think if you have $400-$500 fund then short trade with them instead of holding for a long period of time like a fool, it will give you profit, and in long trade you will only look for profit but you will not be able to pocket the profit.
Matic also hit $1.09 a few days ago, it came down again to $0.75 a few days later.
This means that only by looking at Pump,
If you dump the market, everything will return to the previous place.
No experience to short trade in any coin!
So let me give you a little experience,
Keep an eye on the Top 20 Coins like Matic for a few days, how much these coins pump up and how much they down, buy when they pump, sell when they pump.
But the Top 20 coins are risk free, no matter how much they are down, they will recover again.
So stay away from bad coins, trade as a business, if you are thinking of becoming a big man overnight, then you have come to the wrong place.
So I hope you understand, I'm ending today here too. Be well everyone.
Allah Hafez,
Please increase your engagement in the community to get better support. Thanks.
Ok Brother
Thank you for nicely presenting the topic of long trade vs short trade which is more profitable for us. I agree with you.
Thanks bro
You are right brother. A person can get profit by future trade. But afterthen he invest a big amount of money to get more profits. As he result he lost everything because of bad market condition or others reason. That’s why I like spot trading.
Right
According to me long trade is most profitable. But it depends on the market.
Right
Well for me it doesn't really matter whether the market goes up or down, I believe if one is skilled enough you can make money both longing and shorting the market.
Right