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Speaker explains short trade risk management with $100 stop loss protecting $30k unrealized profit on longs.

From 🚨 Bitcoin Is About to Make Its Biggest Move Yet | LIVE · jumps to 1:26:17 · speech

▶ Open at 1:26:17 on YouTube
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July 30th, so I've been in the short for a long time Why am I short because it's a hedge it's a zero risk trade right now if I get stopped out It will lose $4,000 of the 3,000 Right, so it's literally going to be a $100 potential. I'm risking a hundred dollars with my stop loss above these highs I'm in a Over $600,000 worth of longs All right close to 700k worth of longs Which if that might get stopped out of here this trade we have like 30 grand This trade here will be up. I So I'm gonna be up 40 grand Sorry, $39,900 net profit. That's why I'm in this short because what if we dump from here it is resistance Then if we dump from here, I literally have unrealized you know unrealized profit on the line right now close to close to 30 grand Right, so by holding a short I'm risking a hundred dollars by not holding a short. I'm risking 30 grand Do you see how that that is like the reality of this situation?
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