shorting ETH yesterday didn't work as planned after all.. .. I got margin called and busted my account...
oh well... Some things never change...
I made sure to keep my margin call level above .02, so ETH would have to go up like 200-300% to hit it (and I would cover at some point well before that happened). Just small positions for me.
mf-tzo,
Did you really blow your account with a move that small? Your whole thesis for the short was that ETH was fundamentally overvalued and bts was fundamentally undervalued. Did you not account for some slight market gyrations?
I was worried you would blow yourself up if ethereum went to 150 or 200 million, not 85 or 90 million. I'm not here to tell anyone how to trade their own money. What I find troubling though is that you are asking other forum members to follow you in on your trade. Hopefully most people have their own trading and risk management strategies, but I would not be surprised if some newbies did follow what you were doing.