Topic: how to buy on low and sell on high to make profit (Read 164 times)

I'm not familiar with your exchange, but usually there's an "X" or anyway shouldn't be that hard to close your trades.

hi thank you for you reply i really apreciate now i have open position and bitcoin keep going up so i'm losing a lot of money i still have 0.9815 BTC how do i close position and take my money back or just keep those bitcoin ?

You don't have any interest, you are just trading using leverage x5. If the price of bitcoin goes up by 1%, you lose 5%, because you have a short position on BTC/EUR.
Anyway I give you an advice: take your money and quit. It is obvious that you don't even know the basics of this, don't lose your money. Study what to do first and then come back. Just my opinion.

Good luck

hello everybosy i hope you are all going well!
 wanted to start trading bitcoin and i simple thought that i had is to buy on low and sell on high, so i oppened account on kraken, and i added 700€ then i bought 0.099BTC so when the price goes up i wanted to sell and make profit of 6€ or 10€ but the kraken platform fails everytime so i was unable to sell! then i tried selling using levarage and limit then i saw i had 3 orders untouched like on the tab below Ledger

Ledger ID   Date   Type   Currency   Amount   Fee   Balance
LJOVOY   11-26-17 10:00:21 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09835
LVDMJF   11-26-17 09:05:58 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09835
LMPCNI   11-26-17 06:46:46 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09836
LN2HMU   11-26-17 06:00:21 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09837
LDKEF4   11-26-17 05:06:20 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09838
LQEUXT   11-26-17 02:47:36 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09839
LMIZVS   11-26-17 02:00:59 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09840
LF6GEI   11-26-17 01:05:13 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09841
LXASJM   11-25-17 22:48:34 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09842
L5R7B6   11-25-17 21:59:50 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09843
LDQIXB   11-25-17 21:06:06 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09844
LMNKFA   11-25-17 18:47:19 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09845
LR2JRW   11-25-17 17:59:40 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09846
LHDRKG   11-25-17 17:06:20 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09847
LA4UO4   11-25-17 14:48:52 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09848
LYOGJO   11-25-17 13:58:29 +0100   Margin Trade   Bitcoin (XBT)   ฿0.00000   ฿0.00016   ฿0.09849
L2R4PP   11-25-17 13:04:52 +0100   Margin Trade   Bitcoin (XBT)   ฿0.00000   ฿0.00016   ฿0.09866
L25F66   11-25-17 10:46:14 +0100   Margin Trade   Bitcoin (XBT)   ฿0.00000   ฿0.00016   ฿0.09883
LIVCQW   11-20-17 20:56:22 +0100   Trade   Euro (EUR)   -€688.77   €1.79   €9.43
LBK5OX   11-20-17 20:56:22 +0100   Trade   Bitcoin (XBT)   ฿0.09900   ฿0.00000   ฿0.09900
LEV4DM   11-20-17 10:02:46 +0100   Deposit   Euro (EUR)   €700.00   €0.00   €700.00
and in overview my balance is :

Balances

Currency   Balance   Rate
Total (EUR):   €737.76   
Euro (EUR)   €9.43   ——
Bitcoin (XBT)   ฿0.09835   €7,405.4000
Rates Exchange rates used for trade balance calculations.
Currency Pair   Rate
XBT/EUR   €7,405.4
Trade Balances

Trade Balance      €737.76
Total margin currency balance.
Equity      €645.65
Trade balance combined with unrealized profit/loss.
Used Margin      €608.32
Total margin amount used in open positions.
Free Margin      €37.33
Usable margin balance. Equal to equity minus used margin.
Margin Level      106.1%
Percentage ratio of equity to used margin.
Position Valuation

Opening Cost      €2,107.31
Original cost of all open positions.
Current Valuation      €2,199.41
Paper valuation of all open positions.
Profit/Loss      -€92.10 (-4.37%)
Paper profit/loss of all open positions.
and if i go to see open positiion i have this
Open Positions

Order   Order Type   Pair   Avg. Price   Open Volume   Cost   Leverage   P/L   P/L (%)
OE4CRK   sell/limit   XBT/EUR   €7,130.0   0.09900000   €705.8   5:1   -€27.5   -3.89%
OM234P   sell/limit   XBT/EUR   €7,085.0   0.09900000   €701.4   3:1   -€31.9   -4.55%
O3BO64   sell/limit   XBT/EUR   €7,071.0   0.09900000   €700.0   3:1   -€33.3   -4.76%
i don't undestard what should i'm loosing 27.5€ and 31.9€ and 33.3€ ?? how do i do to sell and keep the interest i'm seeing in overview balance ??