I don't net short with leverage. Nothing against people who do it well, and there are some that do and are very talented. It's just not my strength and not my style. If I'm bearish I go to cash, or hedge spot a little bit. You will see me disappear during those times bc I'm just not trading. The math is why. Longs can go to infinity, they are uncapped on upside where as shorts are capped. Essentially best case it goes to 0 and you make a 2x. SNDK did 60x or so in the past year. 50% fall pays you 50% whether you nailed a parabolic top or shorted something like ETH which has already been cut in half if it fell in half now. The short doesn't care how extended the move was. People who've been trying to call tops with levered shorts, well, it's typically an ego thing. More often than not. it's better to short the thing that has been performing like crap anyways. idk what the obsession is with shorting strength repeatedly Then in equities you have other things that go against you. It's carry. Shorts bleed, you pay the borrow, pay the dividend, fighting stock buybacks, inflation, etc. The timing has to be pretty precise. And then there are naked shorts, where you end up shorting something and end up losing 3-4x the amount you invested. Short MU at $250, it goes to 1k. It happens all the time. It is so much better to just have a few good plays, and then every once in awhile you find a high conviction bet to really just push to the max. Even for me, most trades I take are pretty consistent, and once a year I hit a trade that makes up like 70% of my years gains bc I knew it was the one. But that's just my style.(🐧)