/biz/ - Business & Finance

>>8829059
>50x
stop being greedy dude thats how you lose your whole stack also im waiting a bounce to 6800 to short. were oversold and the support is holding up well so far.

>>8829080
I have stops.

Go for throttle up. To the moon.

> itt: people who post retarded short positions to get whales to pump the price, meanwhile they actually have low leverage long positions open

>>8829091
Stops are for pussies.

>>8829091
still degenerate.

>>8829059
You are betting that BTC breaks 6k support and continues to lose an additional 800 bucks on top of that? Good luck. I think you're going to get liquidated.

>>8829141
When BTC breaks 6k I will have gotten my initial investment out long ago and still be up tens of thousands of dollars which I will then use to go long at 4800.

Is it really this easy or is it just me?

>>8829159

Yep. It's that easy. That's why 90% of all day traders make millions.

Bitcoin's pumping. OP you're fucked trying to short a sell off.

>>8829203
>Bitcoin's pumping.
you mean dumping

The weak ass rally occurred exactly on schedule over the weekend and now we're back to institutional selling throughout the work week. Especially the last week of tax season!

>>8829159
Not if I beat you to it, fag.

>>8829212
Im bearish too but stop being a noob. BTC won't go straight down

>>8829203
kek this guy

>>8829227
The further it goes down the further away we get from my entry price and the safer my investment. I don't think we'll be seeing $7k again.

dunno why you short almost oversold on all timeframes... Would have been better of shorting at 7.2k... Which was almost overbought with no buying power anymore

>>8829243
But you're 50x short, did you not see the green dildos whales brought out last week? If they bring one, you're fucked.

>>8829264

It's crypto. Eventually everyone becomes the goat

>>8829257
how are you positioned right now?

you guys are so low iq. you realize this shit is so manipulated right now that you may as well flip a coin on the direction.

>>8829059
Get liq’d You beartrapped faggot, post your sad little face when it hits 6800 tonight.

>>8829336
>tfw it crashes to $5400

>>8829175
90% of traders don't use leverage

>>8829316
Yeah it was obvious it was gonna dump after those fake pumps over the weekend. Just have to think like a whale.

>Bogdanof? He went short
>Pahmp eet

>>8829059
whats the funding fee rightnow you have to pay to open that short. pretty sure shorts outnumber longs by quite a bit right now so the funding fee is quite high. im still trying to figure out how mex and leverage trading works desu

>>8829376
.1323%

>>8829091
>he thinks stops work on bitmex
>he thinks stops work anywhere with 50x
>DRR LOOK I PUT IN THE #s HERE AND IT GONNA STOP WHEN IT HIT DAT #

Yeah you'll see. Tell me how that works for you big baller

>>8829059
You'll never know my friend, it's a gamble good luck

>>8829508
kek
Them stop losses
evil fuckers

>>8829530
This was me last year.

>>8829508
you can use a stop market on bitmex

I fucking told you u fucking retard

you're about to get rekt

What's the point of a stop when using 50x leverage? Either get liquidated or don't use 50x leverage.

>>8829642

are you scared yet OP? it could be any minute that we are at your liquidation now. have you closed?

>>8829659
WHy didn't you listen you bitmex noob? You were in profit, could have closed in time lad.

its moving fast now

JUST

>>8829869

>>8829893
I hope you learned your lesson. Bitmex isn't even hard if you don't get greedy.

>>8829336
>>8829353
post your face when it does both

>>8829930
>>8829946
still in the game fellas...

>>8829976
my trader bot went long AF and it usually is not wrong.

>>8829059
Did your stop get triggered retarded faggot OP? You're already down 10%

>>8829993
not yet

I think I'm gonna make it.

>>8830316
good luck

OP you're gonna get liq'd. Take profit quickly

>>8830509
I halved my leverage to 25x and now my liquidation price is about 7k.

>>8829059
>tfw opened a 10x long at 6650 and closed it at 7010

You idiots leave yourselves way too open. Only trade obvious reversals and never stay in for over 24 hours. 2-6 hours should be the average for you trades.

>>8829595
That would really depress me.

>>8830528
how the fuck do you do this? I mean what are you doing and how? is it easy? I dont understand these expressions, words. Someone eli5 me please.

>>8830848
are you fucking stupid or something?

>Using leverage to go short
"The market went all farkakte for a moment and spiked suddenly before dipping again. We're sorry, but we're going to have to liquidate you to cover our own losses."
>Using leverage to go long
"Oy vey, the market dropped suddenly and then recovered we're going to have to liquidate you no hard feelings, I hope."

>>8830898
my native is not english and I have 0 experience in trading. why the fuck did you wrote this down you nigger? at this point you could explain things to me

>>8829059
A lot of people think that too. I wonder what's going to happen when the number of sellers decreases after tax season?

>>8830958
>Opened a 10x long at 6650 and closed it at 7010

if you don't understand that then you should start somewhere else, like investopedia or something.

>>8829359

90% of day traders lose everything.

>>8830966
Here's thing thing, everything is happening much faster in this market as compared to the previous big run and crash of 2013/14. It wouldn't be strange for us to briefly test support at 4800 and then get right back up to 6500. Like I said earlier, this market is moving a lot faster than the last one. I see us back on track for another bull run by next spring.

https://youtu.be/MII_Dm4bZFw

Close that shit, OP. You'll get liquidated in the next hour otherwise.

>>8831086

Has he done a trade yet? Or is he on day 4 of bullshitting his way through charts?

>>8829235
that's pretty bullshit actually, but again
>Orderbook analysis.

>>8831115
Look at it, you'll have a good laugh.
It's the ultimate example that TA is bullshit.

>>8829595

don't even think about it ... crypto has no sane fundamentals - its a miracle it wasn't tried to be regulated much sooner - likely because it was nigh worthless

>>8829059
I have a dumb question: if he gets liquidated how much will he lose? only the cost of the trade or the whole amount of btc he has available. Plase help, I'm a brainlet and still don't understand this leverage shit

>>8831550
short means he put up collateral to bitmex to take out a loan in BTC. he will lose whatever he put on the table

>>8831636
ok lets say I have 1 btc to play on bitmex. If I go 100x that means I can buy/sell up to 100 btc with 1 BTC as collateral. Let's say I buy 3 btc at 100x, if I get liquidated I'd only lose 3% of my stack, right? o will they also take from my collateral?

>>8831687
yes, you'd lose 0.03 btc

Gone.

>>8831745
op said he decreased leverage, his bet is still riding

>>8831745

I ended up market closing at about -5% loss.

Damn.

>>8829091
Hope you use stop market.

>>8831788
you could have done worse and gotten liquidated, good job. i dont know why you thought it was a good idea to open a short right after an inverse bart started though

>>8831788
At 25x leverage you should lose at least 25% from that lol. if you got out at 5%, congrats.

Shorts are at ATH, short squeeze is imminent. Whales or exchanges usually go for whichever side has more positions.

>>8831687
>>8831723

>>8829059
yes it's really that easy anon all my friends at the office are doing it you really can't lose!! x