Because I spent the whole day attending classes at the study camp, I completely had no time to post and couldn't chat with my friends in real time, but I still want to talk about the logic behind this short selling and the strategy. First, the first short selling point shown in the chart is at 101 dollars, mainly because oil prices are too high, raising some of my previous oil prices.
Then, after I understood that the Democratic Party simultaneously gained control of both chambers, I decisively increased my position to short sell. Here, I can benefit from two aspects: if oil prices continue to fall, I will definitely hold on, but if oil prices rebound, since I bought in early, there will definitely still be profit space. So yesterday, I kept watching, and when it came time to close, I held on without any issues.
After class, I found that there was a possibility of a rebound in oil prices and after checking various statements from Iran, I felt there might still be short-term risks, so I directly closed all my positions. As a result, the prices did rise in the evening. Although I didn't close my shorts at the lowest point, the profits from closing early were still quite good. I completely closed all my short positions in WTI and Brant.
But after holding for so long, the funding rate is still a loss, so when I find an opportunity, I will continue to short sell. Bitcoin, I won’t elaborate on; I'm under no pressure to hold it at this price.
An @Gate, trading more markets
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