Short Maestro here with update on this amazing market
Everyone can see what's going on, red lasers everywhere. I am making massive profits, hopefully my follwers are doing the same too.
Anyways, what now? Going short here is a lot riskier than before. After a major dump, a rebound is almost guaranteed. Even in the worst dumps, it was always a zigzag, not a straight line to rock bottom. Such as the 2021 dump.
Therefore, lowering risk even more such as develeraging or reducing margin is recommended if you want to short here. And set some methods of locking profits such as trailing stop.
There is a high chance of a green laser that will be temporary, but enough to liquidate a lot of shorts. Don't get wiped as a short in this red market. Overpushing it will result in total loss even when the opportunity is literally handed over to you.
