I shorted Pepe at the price of 0.0091 Right before Pepe's big increase happened. But I still have profit#PEPE❤ . And I'm also ready to share with you the reason why.
That is low leverage and the opportunity to average cost of capital. :)))
A Coin going up or down sharply is a normal thing and no investor can predict it. You choose to short 1 coin and the next day that coin increases 50-% is a very easy thing to happen.
So if your leverage is only 3-5, you will burn your account. Once you're out of money, you definitely have no chance to start over and average your capital.
To avoid unhappy lives, I urge newbies to say no to leverage :)))
