01 - $THETA

Being on margin could actually be why the price keeps going up.

An "obvious" short and does look somewhat distributive too but keeping my short small for now.

More or less observing what happens when you add margin to an illiquid asset that just went like 5x.
02 - $THETA +184%

A short story
03 - $THETA

Wow. Literally went to do some sprints on the track and came back to find out I nailed the bottom.

I started another short at 0.434 on FTX and will look to scale up with size towards 0.50

God bless a conservative target.
04 - $THETA

Fully sized short with an average at 0.484 but....

Not liking the funding so I've already cut half from 0.40 to 0.43

Half-sized short is okay for this kind of volatility. I'd be careful shorting big on this. The obvious short on margin is what's keeping it up imo
05 - $THETA

Also, you're crazy if you're shorting big into this insane funding.

With books that thin and one side heavily exposed... a lot of damage could be done and quickly.
06 - $THETA

This is why giving an asset like this margin is a terrible idea.

You have ppl who don't understand the different variables that come into play and end up treating it like spot w/ up to 50x more capital.

Overlev. shorts probably gonna get rinsed for the 5th time.
07 - $THETA +194%

Up almost 400% on 2 shorts.. Going to end this thread here.

I still pretty much stand by my point earlier but idc about the listing as much as I care about the fake-customer-protection guise that exchanges run with these days.
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