Is it safe to break out the 10:1? - page 3.

Jon

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Quote from: Qoheleth on March 28, 2012, 04:35:31 PM

See, I was about to say that 10:1 leverage could be short squeezed just a little way past the bidwall. But then he posted that screenshot.

I mean... 982BTC long with 1000BTC on deposit? That's nowhere near 10:1, you fibber.

Again, it's only account 1. I am not displaying my the positions and amount on my main account for obvious reasons.

Matthew N. Wright

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Quote from: Jon on March 28, 2012, 04:31:02 PM

All you get is account 1.

...because account 2 and 3 were Zhou Tonged.

Qoheleth

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See, I was about to say that 10:1 leverage could be short squeezed just a little way past the bidwall. But then he posted that screenshot.

I mean... 982BTC long with 1000BTC on deposit? That's nowhere near 10:1, you fibber.

Jon

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All you get is account 1.

adamstgBit

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Quote from: Jon on March 28, 2012, 04:20:15 PM

I went 10:1. It's time, gentlemen.

lol prove it

also how low dose it have to go b4 you get liquidated?
how many coins?
will you be the trigger for an unexpected long squeeze, letting everyone have cheep coins before blast off?

Jon

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I went 10:1. It's time, gentlemen.

mb300sd

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Just do it

Qoheleth

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If you need to ask whether to use 10:1, you shouldn't be using 10:1.

guruvan

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LOL. I use 10:1 for safety during volatility.

A couple weeks ago, when bitcoinica had a software error, and liquidated tons of positions, I was saved by the higher margin level. I would have seen my position force liquidated at lower levels. Instead of being liquidated I made money

It seems that many people around here risk far too much on any one position. I am much more tolerant of risk in bitcoin than I am in other trading, but still I won't risk much more than 10% of my equity on a position. (I hit about 12% on the error mentioned above) This gives me a lot of room before I go into severe drawdown.

Going "all in" at any level of leverage is just asking for it. Personally, I highly recommend partially hedging your position with your currency account. Drawdown is highly accentuated if your margin is based on a volatile asset in your account, like bitcoin.

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