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Did you mean to ask "can you make more than 100% on multiple trades?" In 1 trade though, opening just 1 individual short position can only gain 100% with infinite risk. Results may vary in the multi-verse though.
Not to nitpick, but I measure shorts as PnL / Avg Position Size; remember you can resize it on the way down and have far 100% IRR or annualized return
Brother just invented the concept of trading. Amazing.
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