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/biz/ - Business & Finance

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19254804 No.19254804 [Reply] [Original]

He was so close. Price went about $20 above his liquidation on bitmex. Is he dead?

>> No.19254848

Forget about him.
He's gone now.

>> No.19254864

>>19254804
he was the sacrifice we needed for the dump

>> No.19254874

lol I seen that thread..thats fucked up man. If he had entered like $30 higher he would have got away with it and he'd up a crazy amount of money now. Thing with leverage in my own experience anyway is you can look at the charts and be like thats a good entry, thats a good exit and you'll be right a lot of the time but when it comes down to actually having money on the line more often than not you'll lose

>> No.19254948

>>19254874
you should never go all in on one position that's the only way to make money in this market

>> No.19254985
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19254985

>>19254804
>psh nothing personnel kid

>> No.19255030

I remember something being posted about the way bitmex works is its almost always moving farther the wrong way before your order gets in, like worse than just a 50/50 is it going up or down.

>> No.19255047

>>19254948
This
Whenever you gamble remember the Kelly Criterion:
https://en.wikipedia.org/wiki/Kelly_criterion

https://www.youtube.com/watch?v=w8XDdFrTOB0

>> No.19255095

>>19254948

Yeah he could have put in half and then the other half when it started pumping. These exchanges are scammy as fuck though they know exactly where to push the price to liquidate these sort of crazy trades