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You can’t be long and short at the same time unless you mean long volatility. But then you can’t be both long and short volatility at the same time. Unless yo
by naveen99 5y ago
You can’t be long and short at the same time unless you mean long volatility. But then you can’t be both long and short volatility at the same time. Unless you have second derivative options, and there isn’t much liquity in bitcoin first degree options even. So you are net long or short, not both. You can stupidly / unethically / illegaly trade with yourself, but you won’t move the needle through business hours on bitcoin, not with a hedge fund. Shorting bitcoin seemed like the right short term play on Friday, that’s about all.
- willmadden 5y agoWhat? Yes, you can hold long and short positions simultaneously. Yes, there net position went from long to short to long very quickly, but that’s not the point. I can see you aren’t a trader. The point is that they forced the price down when the market depth was thin to liquidate other people’s leveraged long positions to drive the price way down, which triggered panic selling and more liquidations before buying back around the bottom…
- naveen99 5y agoNet positions are the ones that count. Going from long to short to long, isn’t being long and short simultaneously, unless you mean to transcend time in the block universe.