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/biz/ - Business & Finance

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26036964 No.26036964[DELETED]  [Reply] [Original]

I just woke up ans i have a great idea:
>leverage long BTC
>leverage short BTC
with a stoploss this way you always win. Im a fucking genius biz suck my cock..

>> No.26037026

>what are fees
Basically every single new faggot comes up with this idea
It is obviously accounted for in these exchanges and services by placing a commission fee on each long/short so that your net expected value of such a play is in the neg

>> No.26037148

>>26036964
not this shit again

>> No.26037219

>>26037026
>put 2 BTC at, say 30k. 60k total
>leverage x10. 20 BTC, 10 in each trade
>one wins
>the other one is liquidated
>you lose 1 BTC and win 9 extra
Even with fees it should cover the expenses. Just use two different exchanges.

>> No.26037253

>>26037219
do it. report back here

>> No.26037314

>>26037219
price crabs just above and below your stop losses, you lose 2 BTC and are out of the market before it makes a move either way

>> No.26037365

>>26036964
Anon don't ever use margin. its always a bad idea.

>> No.26037697

Margin is fucking stupid.

Margin is only acceptable to use when you have less than 1% of your net worth you wish to gamble and perhaps turn into 3% of your net worth.

Watch any live stream trader JUSTing video and fear margin trading.