Recently, it feels like I've been cursed; I want to short every coin I see. I spotted BROCCOLI714 consolidating at 0.0371, and without thinking, I opened a short position. As a result, this thing suddenly spiked, and the price shot up to 0.041, resulting in a loss of 9.65U. Looking back at my records, I found that all five trades I made this week were shorts, and I was losing so much that my account was almost flashing red.
Clearly, the overall market is rebounding, yet I just kept repeating like a parrot, "short it, short it," completely disregarding my hedging strategy. Now, as I stare at the candlestick chart, I realize: shorting is not like a claw machine; you can't just press the button down every time you see a coin. The market makers specifically target stubborn bears, especially with small coins, and pumping doesn’t even need a reason.
