Guy who longed 8000

Hope you followed my advice and took your long profits at 8250 like I said, you got lucky this time but don't fuck around again.

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Im x10 since 7,900 we are going up up up

The mistake is getting into longing and shorting. People think they are fucking smart as fuck but 95% of people get red you silly cunts. Why gamble on 50/50 betting when there are massive gains to easily be had in crypto. fucking sad and its only retards that think its cool.

i just click on the numbers tha get bigger and sell the ones that get smaller. Yu are literially day trading with no limits and only paying capital gains tax.

Remarkably false. You could trade successfully with swaps, it's not too hard. Good risk management is foremost, followed by a comprehensive technical strategy and ALWAYS considering the dynamic between small fish and whales.

This is the end of the line for that long, I would take profit now and take a short. Up to you user.

Hope you closed that position user.

Uh oh

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I got my finger on the trigger but can’t seem to pull it, hopefully it will rebound. I should have took profits at 8250 damn...

Kys

BitMex doesn't require KYC

Also for anyone in this thread right now revised downside target of 7750 for the moment

Lol you're probably in the liquidations list.

Don't be fooled this is going to drive even harder downwards.

Have you taken a shit yet? Hope you listened to my advice or it will end poorly for you.

What's your advice user?

stop gambling, kids.

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Explain to a brainlet, what is the advantage of margin trading instead of just trading $10-50k at 1x so you won't get liquidated?

Lets say you were to have shorted (placed a sell order) for BTC at $10,000. Let's also say you only have 0.1 BTC to trade with, or $1000 worth. With 0.1 BTC at x10 leverage you can sell 1 BTC. Then for every dollar BTC goes down, your position is worth $1 more. Say BTC goes to $8000, if you close your position you then get the difference which is $2000 in profit paid to you in BTC, that's a 200% profit. You can also go 100x leverage. If you reach liquidation then you lose it all (you can't go into debt in crypto platforms) which will happen with near certainty if you're not good at trading. The most anyone should use is probably like 3x but even then if you're a complete beginner I wouldn't rec it and not even gonna shill you a link because you sound new and I don't want you to lose your money but that's what it is

Are you implying that most people have 10-50k to trade on here LOL? You're also asking me why risking a fraction of your capital for the same results is advantageous... ah hello, that's amazing risk reward. I have a good technical strategy and I've never been liquidated on any position that I wasn't willing to lose. I don't even need to explain my strategy since the results in this thread speak for themself. Btw I started off with $3k as a 19/yo who worked part time.

how old are you? i bet you are below 20yo

These "traders" are lamentable. They won't stay in the game for more than several months.

16

Been in the game since June last year bro, and again my results are shown in this thread, I implore you to study financial concepts and learn about how TA strategies actually function.

Based, wish started that early. Godspeed user.

not even one year. and you just try and lie to us?
t. 19/yo who "been in the game" since october 2017. try and be humble then maybe you can make it.

You're right, I should be more humble, it's still a hard and fragile situation for me in life right now, I know anons feels on here, I feel them too. I'm still right though lol

Sit down, be humble, sit down be humble. I'm right as expected.

nice one, spot on you were

To take a shit. It's good for your body and leave you refreshed and safe from nasty accidents