I'm short since 16k

I'm short since 16k
AHAHAHAHAHAAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAH

Attached: YOU JUST GOT BARTED MY NIGG.webm (194x256, 162K)

>I'm short since 16k

So you already paid like 300% in margin funding?

post a screenshot summer cancer

>larpers forget about funding fee in their larps
imagine larping as a bear to make yourself feel better about your losses. Sad!

Can you please explain what this means to a brainlet?

this, margin trade is a meme

>thought about shorting at 19.5k
>was too lazy to read how to do it
damnt

If you short you borrow from the exchange who takes a pretty high fee per day so shorting over a period of several month is not too clever

every 24hrs your short/long is open, you must pay a funding fee to keep your trade open. OP couldn't be short from 16k since he would have lost almost everything to the fee every 24hrs.

That said, you could short futures and avoid funding, but I highly doubt OP shorted the January bulltrap on 6 month futures

>having to larp to cope

Attached: 1526882710256.jpg (500x454, 68K)

how cai i short futures?

You can roll over your futures contracts and simply use the front month instead of shorting a month far away with no volume.

They are traded on the CME and the CBOE. You need a futures brokerage account with a firm like interactive brokers.

>You need a futures brokerage account with a firm like interactive brokers.
see this is why I know crypto will explode eventually. who the fuck wants to interact with a kike broker or investment firm just to short a bubble, you should be able to do it yourself.

Bitmex

You will get JUST'd, though, so don't do it

You would be "doing it yourself", the platform is fully self serve, you would be buying and selling with candlestick charts, just like with your shitcoins. While youre at it, you can also trade big boy products like crude oil futures or live cattle futures. You can avoid many losses with your imaginary fisher price coins

>literally full denial mode
I've lost 20% of my profits to the fee. That's it. I'm up as much as you're down

shorting means you take a loan the size of your short. You pay interest on that loan, simple as that.
People are emotionally angry at shorters like me so they pretend I'm not real

How much do BitMEX charge for this? Say, for a 25x leverage long?

I don't know, I don't trade there. But it should be on their website. It's not a constant rate though.

>100x short since 19k after the obvious denial of 20k

Attached: 1528529853153.jpg (1008x756, 192K)

I just looked into this
Apparently, a typical rate is 0.008% per day
Compounded, that's a 33% return in 1 year
That sounds way too good to be true. What's the risk?

there's no risk because you're all retarded
no offence, it's the same in any market

>no offence, it's the same in any market
Then why do people take risks in stocks and property, to get a 'measly' 10-15%/year? If there's no risk, why isn't everyone throwing their money into margin funding?
I suppose one risk that comes to mind is the possibility that Bitfinex does a Mt Gox and your money disappears.

>What's the risk?

getting liquidated/squeezed?

u pretty dense m8

No, that's about right.
The risk is simply that you can lose twice as much money. And the exchange will force market sell your leveraged trade if before your losses exceed your balance.
So on a 25x long, if the price goes down 4% (4*25=100) the exchange will market sell it and you lose all your money. If the price goes up there's no added risk.

>why do people take risks in stocks and property, to get a 'measly' 10-15%/year?
1. because nobody gets a steady +10-15% in crypto.
2. leverage is not a crypto thing, you can 100x leverage stocks too for 5000% profit.

>I'm LARP since 20k
Hahaha

I'm not talking about leverage trading
I'm talking about leverage funding - ie loaning your money to people who want to take on leveraged positions, and charging them interest per day. Assuming you loan your full amount of money every day, and that you compound your profits, you get a 33% return per year by charging the typical rate of 0.08%/day

10-15% per year is a meme in the first place. That's what you get on average if you hold trough all the bear and bull cycles for 20 years. Seriously, it's an average and its bullshit.

oh right. Well yeah, you're basically giving a completely unbacked loan with no opportunity of recourse if things go bad. For that you get 30% anual

>literally doesn't know what a hedgefund is.

Yeah basically it only works while it's internal to an exchange, they possess both the collateral and the loaned funds the entire time.

Once you let go of either of these things you carry the full risk.

Which is why it's bullshit that the exchange still charge 33% p.a when they have no risk.

most of that 33% is YOUR profit margin though, it doesn't go to the exchange.
Just like when you buy 100k you don't give money to the exchange