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Topic: Trading futures with 20x leverage... what a rush. - page 2. (Read 6350 times)

legendary
Activity: 3934
Merit: 1248
Owner at AltQuick.com
sr. member
Activity: 266
Merit: 250
I lost the liqour money boys...
legendary
Activity: 3934
Merit: 1248
Owner at AltQuick.com
sr. member
Activity: 266
Merit: 250
I lost the liqour money boys...
legendary
Activity: 3934
Merit: 1248
Owner at AltQuick.com
Eh still well worth it to me in my opinion!
legendary
Activity: 3934
Merit: 1248
Owner at AltQuick.com
Why the heck would you want to trade on a platform that socializes losses in a dubious opaque way???

OKCoin?

I haven't had any issues with them and I know a few people IRL who use them as well...

Link?
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
Why the heck would you want to trade on a platform that socializes losses in a dubious opaque way???
legendary
Activity: 3934
Merit: 1248
Owner at AltQuick.com
anyone have some guide for trading futures?

Long n strong... long n strong! Tongue

OKcoin has pretty good charts as well.
When you are trading futures, you are generally not entering into long term trades. The price of bitcoin will not rise constantly and at an even pace (it will have various dips and troughs), so it will sometimes be advisable to sell futures contracts when you think the short term price of bitcoin will fall

Long n strong on the quarter futures good sir.

sr. member
Activity: 364
Merit: 250
I'm really quite sane!
anyone have some guide for trading futures?

Long n strong... long n strong! Tongue

OKcoin has pretty good charts as well.
When you are trading futures, you are generally not entering into long term trades. The price of bitcoin will not rise constantly and at an even pace (it will have various dips and troughs), so it will sometimes be advisable to sell futures contracts when you think the short term price of bitcoin will fall
legendary
Activity: 3934
Merit: 1248
Owner at AltQuick.com
anyone have some guide for trading futures?

Long n strong... long n strong! Tongue

OKcoin has pretty good charts as well.

ok
now I feel ready for trading!

Basically right now I'm picking up long quarter contracts in hopes of a spike like last fall.

Pretty much a martingale against the market kind of.

The best trade is always your own trade!
hero member
Activity: 759
Merit: 500
anyone have some guide for trading futures?

Long n strong... long n strong! Tongue

OKcoin has pretty good charts as well.

ok
now I feel ready for trading!
legendary
Activity: 3934
Merit: 1248
Owner at AltQuick.com
anyone have some guide for trading futures?

Long n strong... long n strong! Tongue

OKcoin has pretty good charts as well.
hero member
Activity: 759
Merit: 500
anyone have some guide for trading futures?
sr. member
Activity: 321
Merit: 250
Do i see it right that OKCoin charges 10% fee for 10x leverage? lol
sr. member
Activity: 448
Merit: 250
I used to leverage at 10x on Bitcoinica.

It was later discovered that they actively manipulated the price to take advantage of people with such high leverage.

When looking at your trades, did the price move up to just within the realm where you were going to start making money...then shifted in the opposite direction to the point where your trade was lost (but just enough) before going back up again?
This. When you have this high of leverage you will be very vulnerable to even small market movements against you that are legit (or the result of manipulation). Since margin requirements will always be based on the price on the exchange it would not be uncommon for the price to move in ways that are different then other major exchanges for short periods of time and the exchange could force the price against you quickly to force you to close your position, wiping out your equity and then selling the bitcoin they just purchased from you at artificially low prices to other market participants (if you had a leveraged long position)
legendary
Activity: 3934
Merit: 1248
Owner at AltQuick.com
I used to leverage at 10x on Bitcoinica.

It was later discovered that they actively manipulated the price to take advantage of people with such high leverage.

When looking at your trades, did the price move up to just within the realm where you were going to start making money...then shifted in the opposite direction to the point where your trade was lost (but just enough) before going back up again?

This was something I was very mindful of, but I didn't see anything funny.

My largest position was only like 800 contracts though. $100 per contract.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
I used to leverage at 10x on Bitcoinica.

It was later discovered that they actively manipulated the price to take advantage of people with such high leverage.

When looking at your trades, did the price move up to just within the realm where you were going to start making money...then shifted in the opposite direction to the point where your trade was lost (but just enough) before going back up again?
legendary
Activity: 3934
Merit: 1248
Owner at AltQuick.com
if I create an exchange which offered 50x/70x/100x/200x leverage, who are willing to trade on my exchange?
This is equivalent to a nuclear bomb into the war

The exchange would go tits up when some big player lost their ass and they couldn't fill the orders.

Even like OKCoin for example... how many people are going to pay their negative balance and where will that sum of money come from?  I guess from commisions n such blah blah blah Tongue

Bitcoins on exchange and Bitcoins off exchange ASAP anyways anyways!
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