As being all Grittani-an (refers to Tim Grittani), I know that he made most of initial money shorting new release stocks and longing multiple day breakouts. He traded penny stocks and I trade penny altcoins. That is where I have to metamorphosis his knowledge and stock terminologies and watchlist to the alt-coins world. I have been wanting to do shorting since a long time. But there is not such facility in binance. Margin trading comes close to shorting option but is not exactly that. So, I did a little googling and youtubing ,and came across one video where this guy was shorting on kraken.
Though Kraken does not have much alt-coins as binance to trade with, kraken has very intuitive panel to do shorting. Huge take-away from his video was, (though cynic I am and do not believe every quick-rich and 1000%-ROI rant on youtube, I took his advice of how trader should not only be limited to longing but should also be doing shorting. I took it for sure as Kraken would let me short new alt-coins on the first day Kraken releases new coins on their exchange market. I am not looking for 80% drop on new release alt-coins, just getting in and getting out of shorting after the first spike would be okay with me. I do not need to have home runs every time and on top of that, there might be good 30% chance that every new releases are not pump and dump type promotion. So, that 30% would be risk side for me. Anyway, would be getting on this play for good 70% on my side.
Waiting to fund my Kraken.
