least unreasonable solution for making the $ETH price go back up

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

GM

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

pov you shorted $ETH back in march

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

GM

and stop losses are usually a horrible idea

world needs better mechanisms

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

Scam

Some fads are just gullibility tests, checking if you fall for absurd junk reasoning

Though don’t have it with sugar

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

One big problem with stop losses is that they are a bet AGAINST volatility,

Exactly the opposite of what you want to do in these obviously volatile kinds of markets

They tend to get hit on these short deep wicks down,

— but those short deep wicks down are exactly where you’d want to be BUYING not selling, if you’re betting ON volatility

Essentially, stop losses and take profits are a very simple IF statement accepting only a very simple condition

Ideally we could upload more sophisticated path-dependent trading strategies to the exchange, than just a single crude if statement that gets you wrecked.

Such a thing has already existed, in-house, at big IBs and quant shops — where you can give the in-house system arbitrarily complex, stateful, path-dependent trading strategies as orders, and it runs the strategy for you.

AFAIK no such thing in crypto.

Tbh not even sure if this is a publically available thing for tradfi

Someday

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶