Leek Diary Part 1
Yesterday, I shorted the layer contract as soon as it was launched, and made a little profit, but lost it all later. If you lose money, you will study it, so how should you short the new currency?
The first wave of market crash is certain, but you cannot short the spot market. By the time you sign the contract, the price has already fallen a lot, and the price is halfway up the mountain. At this time, should you go short or long?
If the spot and contract prices differ greatly, how would you determine the direction?
Or wait?
If it is only listed on a small exchange, there will be benefits from listing on a large exchange. If you short it at this time, it is likely to be blown up when other large exchanges announce the listing. In this way, it is better to short it after listing on Binance, because Binance is the first exchange.
The first wave of market crash is certain, but you cannot short the spot market. By the time you sign the contract, the price has already fallen a lot, and the price is halfway up the mountain. At this time, should you go short or long?
If the spot and contract prices differ greatly, how would you determine the direction?
Or wait?
If it is only listed on a small exchange, there will be benefits from listing on a large exchange. If you short it at this time, it is likely to be blown up when other large exchanges announce the listing. In this way, it is better to short it after listing on Binance, because Binance is the first exchange.
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