Cosmic FOMO

All right, you’re looking at a running race. More than a hundred people are lined up waiting for the start. Are the long and short distances equal in terms of the athletes’ commitment to the race? Without further ado, we say no. The long course emphasizes endurance, the ability to allocate your resources so that you don’t run out of steam at the beginning, and a “calm” victory.In a short-distance race, it all depends on the start of the race and how big a head start the athlete takes. On the wave of this charge, it is quite possible to reach the finish line first. This is an “explosive” victory.Trading is the same.Trading positions<ol><li>Long</li></ol>A long position involves holding an asset for a measured and often lengthy period. A trader buys an asset and waits for it to rise in value to sell it profitably. This can last from a few days to several years. That’s why it’s called a long hold. Here it is important not to succumb to the wave of hype, soberly assess the situation on the market and make well-considered actions. Fight hysteria and panic &#x1f642; A long position is the most popular type of transaction among retail investors and is used on the spot market.For example, you decide to buy shares of a company at 300 dollars per share. You buy 10 shares for 3000 dollars and put them aside in a safe place for a year. After 365 days, you see that the shares cost 350 dollars and sell them, earning 3500, which is 500 dollars of net profit. This means that you have earned your money calmly, without a hurry and without stress.2. ShortThe term “short position” also speaks for itself. The trick is to do everything quickly, but the mechanism significantly differs from a long position. This is the sale of securities, currency or goods, which the trader does not own at the moment. That is, they borrow them from a broker. Quick but well-considered decisions, the ability to quickly analyze the market and not be afraid of risk are essential here.For example, a trader notices the shares of a company for 400 dollars a piece and believes that soon they will drop to 300. They borrow 10 shares from a broker and sell them, receiving 4000 dollars in their account. When the price drops to the predicted 300 dollars, they buy them and give them to the broker. 1000 dollars of profit remains in their account. Shorting is a riskier position, but it may be more profitable in the end.Long and short distances in Cosmic FOMOCosmic FOMO also gives you the opportunity to try your hand at long and short positions without risking your money. You will be able to feel the adrenaline rush with predicting asset movements.How it works: when you launch a pilot into space flight, you will have the opportunity to choose a short or long position. If you choose to short, you will make money when the price of the crypto asset drops, or to long when the price of the crypto asset rises.ConclusionIt is impossible to say whether shorting or longing is better. Each position is good in its own way, and each trader chooses their own trading strategy. How to decide which is better for you? By trying. Cosmic FOMO game gives you the opportunity to test both positions and make your choice, or maybe the best strategy for you will be a competent combination of long and short.Give it a try!

To Short or To Long? A Trader’s Race for Long and Short Distances

Cosmic FOMO

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