Old papa who is raising an 1 year daughter, and looking forward to good chance to make happy family
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How to lose in crypto (1/ ∞ ) [ $PYTH ] 1. Buy $8,000 worth of $PYTH and stake. 2. Short hedge x2 with $4,000 3. Hedged volume liquidated with momentary spike (timing of announcement on Binance : $PYTH listing), and the price plummets again, locking in losses -$2,500 Lesson : Short hedge should be x 1
How to lose in crypto (1/ ∞ ) [ $PYTH ] 1. Buy $8,000 worth of $PYTH and stake. 2. Short hedge x2 with $4,000 3. Hedged volume liquidated with momentary spike (timing of announcement on Binance : $PYTH listing), and the price plummets again, locking in losses -$2,500 Lesson : Short hedge should be x 1