Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
STEEMKR.COM IS SPONSORED BY
ADVERTISEMENT
Sort Order:  trending

We shouldn't be worried about a downward trend. Just go with the trend and short if you have the ability. You don't have to be short forever, just until we get a change in trend (not trade advise just person opinion).

·

That is a good point about shorting, I personally haven't considered it due to fear of being on the wrong side of a call and my lack of trading expertise. It is certainly something I should look into.

Thanks for the comment!

·
·

A general rule for me is to go with the trend. If it's in a long-term down trend I'm short. If the long-term trend reverses, I am long. You can set up stop losses to prevent a bigger loss than you are comfortable taking.

Congratulations @rhyscn! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!