Shorting oil—do I even need to say more? Even though there were a lot of differing opinions from friends during this shorting process, in the end, it played out just like the script. Today, WTI hit $75 as a milestone, which is also the first stage I mentioned where reducing positions could be considered. That said, I haven’t exited yet—maybe I’m being a bit greedy. I feel like if the deal is successfully signed, no matter the outcome, oil prices will drop further. And if there’s still back-and-forth, I’ll just keep eating the funding rate while continuing to short. Today, Kitty @Cato_KT and Dala @DL_W59 both chatted with me about oil prices. My personal take is that it’s fine if this round ends here. If WTI drops below $70, I’ll start taking profits in batches. If it doesn’t end, then we’ll go for another round. From where I stand, shorting oil is a trade with a relatively low ceiling and high certainty. Plus, Iran has already tasted the benefits this time—I don’t think it’ll just end here. Iran and the Strait of Hormuz are likely to be recurring topics over the next two years. My stance remains the same: max out the margin, short on the highs. The certainty and stability of shorting are higher than going long. @Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFDs, prediction markets—all-in-one trading platform.