SHIB Short Trade: Am I Being Greedy?

in LeoFinance2 months ago

Couple weeks back when every normie I know that does not own crypto was texting me asking how do they buy SHIB my spidey sense went off and I decided to throw on a short trade.

Nothing big, few hundred $ in the futures account so I could short on leverage. Wish I'd been more aggressive being I was spot on. I didn't even need to ride out another leg up before the drop, which I thought would come.

Still holding the position, its up 148% as I type this but I'm being kind of greedy. I want to see it collapse to my real target, not just the first one that it has hit.

I talk about it in the video...

Am I Being Greedy?

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No Brother you are not greedy
You are Trader
May God bless you with your thoughts

The aim of every trader is to make profits on their trades , i do not think you are greedy , you just saw an opportunity to make profits and you went for it..

Indeed! As price action changes I try to adapt though. We shall see what happens.

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Yeah fingers crossed

Should I buy shib in 2021?

Haha! Yes. You are being greedy. Nothing wrong with that :-)

However if it were me I would get out. Simply because I suck at the downside. It just seems to me that it easier for me to be greedy on the upside than the down. Somebody will always be optimistic and drive the price up irrationally much more readily than they are irrationally negative.

I always get smacked when greedy to the downside. So much so that I jut try not to do it.

Doesn't mean it has to be that way for you :-) Just my two cents.

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Yeah I agree with those sentiments for sure!

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Taking chances is great for good traders
Keep going

I was thinking of shorting SHIB also, but I didn't get around it just because I don't have much experience in trading, less so in shorting. But I wanna try it :D (with proper risk management of course). Maybe in the next bearmarket the latest.

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The point is, ladies and gentlemen, that greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms, greed for life, for money, for love, knowledge, has marked the upward surge in mankind.

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