Feeling great, saw the rates drop and jumped right in. Here’s a little summary for some beginner friends.
In the upper left corner of your order, there are rates. The current maximum rate is -2%, with a 1-hour settlement, meaning that every hour, the short position has to pay the long position 2% of the total value of the order. Generally, when the rate is at maximum, it indicates a strong upward trend.
I usually wait until the rate drops below -0.5 before considering going short. This morning, I saw the rates had dropped, so I immediately jumped in.
OK, when applying this, you also need to consider the market sentiment. For example, if yesterday you saw all short positions in the square, $MYX , then if the rate is at maximum, you shouldn’t consider going short. Although I did chase a little yesterday, I was a bit irrational, but luckily I broke even; otherwise, I would have definitely lost money yesterday.
This girl also completed her single currency A4. Haha, feels pretty fulfilling.
