For a noob I’d DCA eth wait for the potential dump this winter to sub 500$ then put in an amount that I would feel ok losing sell the top in 2025-2026 rinse and repeat if crypto keeps cycling with btc halving like it has been.Long time investing by buying, accumulating, and holding. No trading.
like everything youtube is the best place to start.I want to learn how to trade, short, options, puts, etc, but don't know where to start. Any advice would be appreciated
You using Kucoin?like everything youtube is the best place to start.
But basics going 'long' is betting an asset will go up and going 'short' is betting an asset will drop. Leverage multiply your rewards or losses. You can't keep losing forever there is a liquidation price where you will lose your position and have to pay fees for closing your position. Higher your leverage the narrower your liquidation price basically high risk high reward. Trades on central exchanges with KYC are taxable events so i avoid those.
I don't do options. These days I really just stick with blue chips and index funds with a few dividend stocks.I want to learn how to trade, short, options, puts, etc, but don't know where to start. Any advice would be appreciated
No I don't recommend central exchanges not your keys not your crypto. If they go bankrupt all your money is gone or if they decide to not let you withdraw. Alot of fukkery can occur dealing with central exchanges. I use them as a fiat on ramp and get my crypto into my wallet ASAP.You using Kucoin?
Good thing I didn’t short it when I went to nap eth pumped to 1790 might of liquidated my short position if I had oneClosed my position up$1200 right before the dip, should of shorted eth immediately after I closed my position but I need to get some sleep before work tonight