Making a x10 or x100 by short selling

[CarnagexD]

Both selling and buying has good ROI, if I most say, we have different trading opportunities in the market. The question here is DO YOU HAVE THE KNOWLEDGE, THE PSYCHOLOGY to understand the market, don't let people earnings you see on social medias make you feel 10x to 100x is simple to make even 5x can't be that simple. Trading has a whole lot to learn and put to practice.

That is basically what happens to a lot of people out there, they see some people posting their profits on social media platforms and they start thinking that it is very easy to earn that much profit in futures trading while it is totally not that simple and one without ample knowledge entering futures may lose everything they have if they can't manage their trades or understand how things actually work.

It is always better to just stick to spot trading if you are a newbie and don't have enough knowledge and experience about futures trading because, in spot trading, you don't get liquidated if you don't know when to close your trade or have a calculated stop-loss.

exactly because if the 10x or 100x that you are referring to is leverage, then you still aren't ready for it. You will only lose your money. Practice n spot while learning leveraged or futures trading. Only then consider your risk appetite and your capital to know which leverage you are most fitted to.

if it is 10x or 100x on the return you are expecting when you sell, well it depends. It depends on the market condition and the volatility. Again practice on the spot when learning. When you have the right skillset, money is easy.

[bettercrypto]

It means you want to do short-term trading so you can get profit in a short time or day trade? you know even if you get advice from others here in the forum, if you have no idea what you are doing or you don't have deep knowledge of crypto trading then your asking for suggestions will be ignored.

It's even better because you yourself understand what you're doing here, and do your own research on altcoins that can make a profit in the short selling you want to do.

[Silberman]

Both selling and buying has good ROI, if I most say, we have different trading opportunities in the market. The question here is DO YOU HAVE THE KNOWLEDGE, THE PSYCHOLOGY to understand the market, don't let people earnings you see on social medias make you feel 10x to 100x is simple to make even 5x can't be that simple. Trading has a whole lot to learn and put to practice.

This is what people do not get, assuming there are other 5 people which begin to trade at the same time, and that have exactly the same amount of money that you do, then earning 5x means to get every single dollar on the accounts of those people, plus a little bit more in order to cover the fees of the exchanges, so someone hoping to get 100x needs to beat 100 other traders just like themselves, so as we can see that kind of winning rate is simply unsustainable, as anyone which could do it would become a multimillionaire with just a few trades.

[sana54210]

It means you want to do short-term trading so you can get profit in a short time or day trade? you know even if you get advice from others here in the forum, if you have no idea what you are doing or you don't have deep knowledge of crypto trading then your asking for suggestions will be ignored.

It's even better because you yourself understand what you're doing here, and do your own research on altcoins that can make a profit in the short selling you want to do.

Almost all the people do think it is easy, that is because the marketing those influencers do. There are so many marketers that I have seen personally myself as well that are "selling" their tactics, showing images of turning 700 into 50k, 1k into 150k or even 200 dollars into 10k etc. When other sees these, they think that it is possible and I am not going to lie, of course it is not impossible either but it is not easy and they are not aware how hard it is.

Just because something is possible doesn't mean that it is likely, it is possible for me to become the richest person in the world, can you say it is "impossible", of course not, it is not impossible but lets be real for a second and realize that I won't be, same for these futures as well, people who put up just few hundred turning that into tens of thousands and then turning those into maybe even millions.

[tjtonmoy]

How can I know which coins would have earned me x10 if I had sold short in the last few months?

Why do you want to know what happened in the past? Focus on the present and try to plan for the future. If you want to know anything about any coin, just learn market analysis. There's no other way that you can predict what is going to happen to them in the future.
But OP seems to be stuck in the past. Here's what you need to do. Go to a website that contains data on those coins and see for yourself. All you need to do is observe the market movements towards the down. When you sell short, the price needs to go down in order for you to get a profit.
There's a catch for trading like this. You are following only one strategy and as you may know, the market is unpredictable in terms of what will happen next. So as the market is changing, the strategies are changing as well. That's why you need to learn multiple strategies and, in some cases, make one yourself. I am saying this because I don't think that the market is going to be like this for a long time. When the market changes, its movement's pattern changes as well, so you will have to move on to some new strategies.
Lastly, if you really want to know about which coin to choose, then learn TA skills. That will help you to do things on your own.

[mikemolleux3]

Don't short on leverage.

Buy put options instead: https://blog.everstrike.io/why-you-should-never-short-perpetual-futures/

[Silberman]

It means you want to do short-term trading so you can get profit in a short time or day trade? you know even if you get advice from others here in the forum, if you have no idea what you are doing or you don't have deep knowledge of crypto trading then your asking for suggestions will be ignored.

It's even better because you yourself understand what you're doing here, and do your own research on altcoins that can make a profit in the short selling you want to do.

Almost all the people do think it is easy, that is because the marketing those influencers do. There are so many marketers that I have seen personally myself as well that are "selling" their tactics, showing images of turning 700 into 50k, 1k into 150k or even 200 dollars into 10k etc. When other sees these, they think that it is possible and I am not going to lie, of course it is not impossible either but it is not easy and they are not aware how hard it is.

Just because something is possible doesn't mean that it is likely, it is possible for me to become the richest person in the world, can you say it is "impossible", of course not, it is not impossible but lets be real for a second and realize that I won't be, same for these futures as well, people who put up just few hundred turning that into tens of thousands and then turning those into maybe even millions.

A great deal of the marketing we see these days is full of nothing but lies, I remember doing an experiment once of watching the ads that appeared on TV and see which one actually talked about the qualities of the product they were selling instead of selling some fantasy, the results? I gave up after 50 ads, there was not a single ad which was honest about what they we are selling, and it would not surprise me at all if influencers used the very same tactics.

[Dr.Osh]

if it's "easy", then I don't think anyone will do any holding back in the long run. it would be better if they short 10x or 100x, then repeat the same thing over and over until they get rich. Unfortunately, it is not as thought.
When someone gets 10x or 100x profits in short, then he is a lucky person, or his speculation and analysis comes very fast. it might happen when there is a big potential in the near future that could happen. however, I don't think it happens every day.

[AicecreaME]

Both selling and buying has good ROI, if I most say, we have different trading opportunities in the market. The question here is DO YOU HAVE THE KNOWLEDGE, THE PSYCHOLOGY to understand the market, don't let people earnings you see on social medias make you feel 10x to 100x is simple to make even 5x can't be that simple. Trading has a whole lot to learn and put to practice.

That is basically what happens to a lot of people out there, they see some people posting their profits on social media platforms and they start thinking that it is very easy to earn that much profit in futures trading while it is totally not that simple and one without ample knowledge entering futures may lose everything they have if they can't manage their trades or understand how things actually work.

It is always better to just stick to spot trading if you are a newbie and don't have enough knowledge and experience about futures trading because, in spot trading, you don't get liquidated if you don't know when to close your trade or have a calculated stop-loss.

I agree.

Peer pressure is the one that baited them. If trading is that easy, everyone in the trading industry should've been a multimillionaire by now or even more. The expectation vs. reality hits really hard, especially if your funds get liquidated easily by putting like 20x up to 100x leverage hoping to make huge profits in just a short period of time.

In the end, they will be chasing their losses with their mixed emotions making it more hard for them to understand what profitable trading really is.

[Inwestour]

Almost all the people do think it is easy, that is because the marketing those influencers do. There are so many marketers that I have seen personally myself as well that are "selling" their tactics, showing images of turning 700 into 50k, 1k into 150k or even 200 dollars into 10k etc. When other sees these, they think that it is possible and I am not going to lie, of course it is not impossible either but it is not easy and they are not aware how hard it is.

Just because something is possible doesn't mean that it is likely, it is possible for me to become the richest person in the world, can you say it is "impossible", of course not, it is not impossible but lets be real for a second and realize that I won't be, same for these futures as well, people who put up just few hundred turning that into tens of thousands and then turning those into maybe even millions.

It is also possible to win the lottery, but how possible is it for everyone who buys a lottery ticket? 

We need to be able to filter any information through the prism of your capabilities, a trader who was able to make x10 or x100 on trading did not learn this in one day, he probably spent many years on this and also lost a lot of money before that in an attempt to achieve a good result. And probably they will not want to show us all the unsuccessful attempts when they lost money, they will only show us the attempt that became successful for them.

[Kelvinid]

Peer pressure is the one that baited them. If trading is that easy, everyone in the trading industry should've been a multimillionaire by now or even more. The expectation vs. reality hits really hard, especially if your funds get liquidated easily by putting like 20x up to 100x leverage hoping to make huge profits in just a short period of time.

In the end, they will be chasing their losses with their mixed emotions making it more hard for them to understand what profitable trading really is.

Apparently, this seems possible during the bull season but of course, we can't tell of earning consistently. I know that some traders are using this strategy but they don't keep it long because it was not really profitable in the long run. Because in trading, it was not just we know when to sell and when to buy but also, we must know how to wait. That is why selling shorts doesn't guarantee it will work every day having the scenario that the market trend changes often.

[rozak]

Apparently, this seems possible during the bull season but of course, we can't tell of earning consistently. I know that some traders are using this strategy but they don't keep it long because it was not really profitable in the long run. Because in trading, it was not just we know when to sell and when to buy but also, we must know how to wait. That is why selling shorts doesn't guarantee it will work every day having the scenario that the market trend changes often.

that is the challenge of futures trading. when the market is very volatile some traders decide to postpone their trading. or they trade for a very short time. of course with a small profit because the price movement is so fast.
but in a downtrend or bull trend conditions, traders can trade to earn bigger profits from consistent price movements of the market. however, traders should be wise in determining their trading plan.

[sulendra12]

Hi there is a lot of talk about finding opportunities to make a x10 or a x100.
But I think it is easier to make a x10 by selling short...any tips to get the best ROI possible by selling short?
How can I know which coins would have earned me x10 if I had sold short in the last few months?

It's not that easy to do especially if you have to choose between thousand of coins in the market with the chance of you losing more than you get. Even if they know about the coins/tokens you are talking about then the chance of them telling you is nearly zero because it would ruin their secret and would make everything become worse.

Try to get small profit at first, even like 33% - 50% profit for every trade you make is still great to get. If you can't do it to get small profit, then how in the hell would you be able to get the bigger one?

[Mauser]

Hi there is a lot of talk about finding opportunities to make a x10 or a x100.

But I think it is easier to make a x10 by selling short...any tips to get the best ROI possible by selling short?

How can I know which coins would have earned me x10 if I had sold short in the last few months?

Short selling means to sell something today that you don't own, you need someone else to lend you the particular coin you are looking for. Then after some time you need to buy back the coin at the market to repay it to your lender. While it's theoretical possible to 10 or 100x  returns it's not very likely. For such kind of returns you need a coin to lose large sums of money, what is not going to happen. One issue is also to find someone to lend you his coins when the outlook is so pessimistic. Why would someone not outright sell his positions when there is a big risk for the price to drop? And instead lend it out to another investor for a small fee. Another issue is the big risk of short positions because there is no limit on the downside. In case of a coin to make a huge price jump the loss on the short position would be devastating. I prefer to focus on long positions and own the coins that I buy.

[Coinworld.story]

Cryptocurrency has many opportunities, but the question is how will you find them and how will you execute the plan?

You could say that shorting shitcoins can be profitable, but you also need to consider that illiquidity pump and announcement pump that happens, as this can lead to liquidation. Of course that's not desirable, and add to that the fact that you have to pay funding rates.

Easier said than done.

[SOKO-DEKE]

Hi there is a lot of talk about finding opportunities to make a x10 or a x100.

But I think it is easier to make a x10 by selling short...any tips to get the best ROI possible by selling short?

How can I know which coins would have earned me x10 if I had sold short in the last few months?

It is not always easy to see coins that will do x10 or talk of x100; it is by opportunity, and it is always very rare. As for me, if I find any opportunity for my coin to do x10, I don't think I will wait for it to do x100 again; I will just sell it and take my profit. As we know It is only altcoins that do x10 or x100 easily, and altcoins are not reliable because they always pump and dump coins, and those investors that always pump altcoins are just doing it to attract new investors, so when they get new investors, they will just remove the money they invest from the project after they make profits and dump the coins, and from there, any other investor will be in panic and start selling their coin even at a lost. It is not always easy for someone to meet their target with altcoins unless you smart because if someone want to wait for long time someone may not lost even it capital and for bitcoin, you need to wait for many years before you have the opportunity to see it do x10 or x100.

[beerlover]

Hi there is a lot of talk about finding opportunities to make a x10 or a x100.
But I think it is easier to make a x10 by selling short...any tips to get the best ROI possible by selling short?
How can I know which coins would have earned me x10 if I had sold short in the last few months?

It's not that easy to do especially if you have to choose between thousand of coins in the market with the chance of you losing more than you get. Even if they know about the coins/tokens you are talking about then the chance of them telling you is nearly zero because it would ruin their secret and would make everything become worse.

Try to get small profit at first, even like 33% - 50% profit for every trade you make is still great to get. If you can't do it to get small profit, then how in the hell would you be able to get the bigger one?

I think that's the trouble, there are tens of thousands of coins and tokens on the market and there are new ones coming out all the time, trying to find the good one will not be easy, it is going to take years to master something like that and even after that you are not going to be good at it at all.

I feel like it should not be that easy, I know that it will take some time but at the end of the day we are going to have some trouble, it is not going to be easy. I hope that people will find shorting or funding or whatever they want to do as a good way to make a profit but there will always be a lot of people who will lose money because of it. I am not sure how it will work in the end but that's just how it is at the moment. I know that it may not be that simple, but I do hope they make a profit.

[judaspriest]

X10 is still fairly normal because trading by eliminating greed is quite good, but if you use x100 it is clear that it is very high risk,
because you can get liquidated quickly, even it's like a gamble. if you are not yet a professional trader, it is better not to use x100,
let alone short sell, when the market is bearish, it is very easy to manipulate by whales.

[Silberman]

Cryptocurrency has many opportunities, but the question is how will you find them and how will you execute the plan?

You could say that shorting shitcoins can be profitable, but you also need to consider that illiquidity pump and announcement pump that happens, as this can lead to liquidation. Of course that's not desirable, and add to that the fact that you have to pay funding rates.

Easier said than done.

Which is the same story as always, on paper it is very easy to imagine that if you just buy at the bottom and sell at the top then the profits you can get will be huge, but once you try to put your strategy into practice then things get way more complicated to the point that the perfect strategy that you envisioned crumbles under duress and you are forced once again to think about what you are doing wrong before creating yet another strategy.

[AmoreJaz]

X10 is still fairly normal because trading by eliminating greed is quite good, but if you use x100 it is clear that it is very high risk,
because you can get liquidated quickly, even it's like a gamble. if you are not yet a professional trader, it is better not to use x100,
let alone short sell, when the market is bearish, it is very easy to manipulate by whales.

this multiplier depends on the alt in question. actually, the x10 is quite hard for a seemingly old alt. you will see this in most new alts where the team is prone to pump and dump scheme. and if the supply is low and the amount needed to move the market is only small. but for currencies like btc, eth, you need large sum of money before you can see a high percentage of change in the market.
for people who are looking for alts that can make x10 to x100, be very careful. because if you are late in selling your coins, you will likely end up holding worthless coins.