Margin Trader Lifestyle

i lost 0.3 btc so far :)

Exited at 10% loss. This is my new position, pretty confident in success.

Attached: Screen Shot 2018-06-22 at 16.13.59.png (478x412, 62K)

>XBTUSD
>50x leverage
>confident
Nigger please

What is one contract - someone explain it to me? How many BTC has OP put up for this trade?

I like these posts. Right or wrong its nice to see anons posting their trades for once instead of larping

so these are the idiots getting liquidated

1 contract = 1usd
50x margin = 1usd = 50usd
50x margin = +2% = 2x
50x margin = -2% = L I Q U I D A T E D

50x can make sense but I'm not sure you're trying to do anything that makes sense, just feel less bored.

Attached: 363246267.jpg (600x600, 48K)

I'm seeing a lot of red candles. Good luck, OP!

Im just a regular guy trying to catch the green dildo to 10k

eheh...

Attached: Screen Shot 2018-06-22 at 17.54.57.png (492x528, 90K)

Careful with margin trading. The highs are high, but the lows are liquidation.

>omg hodler detected

hmm

Attached: s.png (231x131, 8K)

trade small positions and use cross

>Managed to triple my little bitmex stack in 2 weeks in march
>Get greedy, throw in 1000$
>Lose everything within 30 minutes
It was the beginning of the Bart era, a new frontier of movement unseen and it had to fucking start when i got serious.

Greed took over, they literally profit off greed. I doubled my investment in a week on bitmex, felt confident and threw all the rest in. Lost it overnight

That's the scary part about doing good and growing confident. No matter how sure you get, some big boy is just waiting to squeese you.

So basically you bet the price will hit a certain point and the computer sells it all if you're right?

Good luck my bro!

Attached: bitmexican.png (260x220, 11K)

anyone knows of a place where i can margin trade ETH/USD? Bitmex only does eth/btc, which is tricky, eth/usd is more predictable

kraken but only 5x IIRC
no

hmm, never used kraken before, but heard alot of shit here about funds being frozen or being unable to withdraw

just don't risk too much and use a vpn if you are a mutt

OKEX has eth-usd futures with 20x leverage

you can also do it on bitmex by combining btc-usd and eth-btc futures though

>dude I dont know no TA or anything like that
>ill have a fun weekend in Amsterdam

Quit while you are ahead, quit if you are at loss, just get the fuck out of this market you are going to lose everything and you certaintly will not be making it.

Can I get a quick rundown then

its simple, just like buying normal coins without margin. say you buy btc at 6000, sell at 6500. you just made 500, but there was no margin and your liquidation price (when you lose all money in case you dont sell) is 0. seems logical right?

margin is almost identical, except you open a position at say 6000 at 25x margin, and predict it will go to 6240(4%increase from 6000). you double your money that you invested if it reaches 6240 (since its 25x0.04=1=100% gain) or you liquidate (lose everything) if it drops 4%.

Do you even gains bro?

Attached: gainssss.jpg (204x174, 6K)

Golly, I can see why you guys kill yourselves.

I feel bad for you margin traders. Staying in this shit hole market is bad enough slowly losing every week. But getting liquidated for everything must be the worst fucking feeling

Can someone explain me what's happening here? What is OP doing?

the play is to short you retard

Attached: file.png (259x220, 26K)

>Who else playing with lunch money on bitmex
>Dude I dont know no TA or anything like that

Typical idiot

Attached: 1480504007271.png (222x293, 148K)

Got liquidated :(
Put my last pennies on a 100x long tho.

Attached: Screen Shot 2018-06-22 at 22.37.29.png (488x542, 86K)