/biz/ - Business & Finance

>>10362187
what are you doing? buying a shit coin?

>>10362187
kys eurotrash

>>10362187
The absolute madman.

>>10362187
why do you love so much giving your money to a fucking nigger

just buy and hold faggots

you will regret losing your btc in 2020, we will laugh at you from our lambos

>>10362229
I'll make a lambo tonight, bro.

>>10362234
you won't do anything little son of a bitch
you are just gambling
buying lottery tickets won't get you rich, ask it to your alcoholic neighbors

>>10362234
No you won't. Screen it. Do it.

>>10362187
6 bitcoins with a 100x margin? You absolute fucking mad man.

>>10362187
can someone explain?

>>10362187
This is not going to end well

>shorting $450 at 100x leverage
this is why the poor stay poor lol

>>10362229
>doesnt understand that leverage trading, when combined with a bit of self education, can give you 10-20x your stack when all the hodlers will just have what they started with
>isnt multiplying his satoshis while satoshis also go up in value

>>10362187
RIP money.

Literal gambling

>>10362264
Momentum has run out, it's going to drop any minute.

>>10362277
It's also a great way to piss away all of your money.

>>10362265
dudes got 6 BTC. hes betting 1% of his stack on a pretty solid call, but yeah i guess you could say hes poor staying poor

Godspeed marginbro

prepare to get liquidated OP

I’ve been itching to buy and this is the post that finally made me fomo

>>10362296
i mean yeah if youre an idiot about it, but thats why you shouldnt use leverage if youre an idiot

Gonna market buy and wick up to your liquidation price in 15 mins OP

>op after getting rekt

>4.5M
Good Luck

>>10362262
hes betting 6 btc that btc will drop, he will lose once we hit 7452 (which is in 12 minutes).

ITS DROPPING TIME TO GO ALL OUT

HERE WE GO

LAMBO FUCKING NOW

>>10362319
I assume you are already billionnaire then

>pro tip: you are not

>>10362374

Its only 45k contracts dude

>>10362187
Bullish af

>>10362294
Dude, RSI is way overbought and not correcting. The fact that we haven’t corrected yet when we should have means there’s a little more juice behind the push before we correct.

Don’t wreck yourself bro

>>10362391
look again

450k now

>>10362319
it doesn't matter how smart you are, all it takes is one whale to sell/buy to liquidate your position and leave you with nothing. it's always a gamble even if the probability is in your favor

>>10362374
u fuckin savage no wonder it started trending up again

>>10362277
>doesn't know what risk of ruin is
Do some basic risk management you idiots.

>>10362408
thats why you dont put your whole balance in risky positions... at 10x lev, you would need a 9.8% drop in price to get liqd. thats one hell of a wick

How many times have we seen this story play out, green dildo any minute now, OP vanishes, and probably an heros.

>>10362374
7447 liq? Damn. Good luck I guess.

>>10362403
GET.
OUT.
NOW.
GOD DAMN IT, OUT.

well, that's what I would really call a fifty-fifty, also known as a COIN FLIP

5 more minutes OP

Fun watch to watch what happens to OP: https://tucsky.github.io/SignificantTrades/

This is gonna end so bad

>>10362257
Youre reading it wrong, the margin hes posting is 0.06 BTC at 100x leverage, totaling 6 BTC for his position

OP, post timestamp that its not on the testnet or fake and gay

Good luck OP,
but gambling is degenerate.
It changes your brain chemistry for the worse.

>>10362493
So his maximum risk is only .06 BTC?

show your stops op

The entire thing is a larp but we can at least have fun with it

>>10362505
Yes, ergo his life savings

>>10362505
well now that he upped it to 450k contracts his maximum risk is .6BTC, but yes thats the idea

you cant lose more than the margin you put in on the position

>>10362493
but it said 45.000 contracts @ $1
?

>>10362505
Yep.

GET OUT WHILE YOU STILL CAN YOU FUCKING FAGTRON

tfw this whole thread is about a guy gambling $300

>>10362523
>>10362520
So if you're quite sure about a position and/or get quite lucky are you literally multiplying your potential gains by 100 at the risk of only .6 BTC in this case? So he stands to gain, say, $20*.6*100 = $1200 if the price moves down just $20 from his position? Or am I mistaken?

I'm actually dumping my 500 ETH stack into BTC right now just to fuck you over.
Better get out while you can.

Still feeling good.

>>10362524
Thats his total position. The margin he has posted is only 1% of that

>>10362540
Someone pls answer I'm trying to learn how margin works.

>>10362540
yes

>>10362534
It's $45k, bro.
>>10362374

This absolutely has to correct right?

>>10362545
Ah, ok.

>>10362556
Isn't it 4.5k? .6 BTC, or 450,000 contracts at 100x = about $4500

>>10362562
Wrong.

>>10362187
Well, if you HAVE to do a 100x, this would be the best time I guess. We tested 7450 like 3 or 4 times today and failed to break it. You should've waited for the inevitable push to 7430-7440 though. A $10 difference in entry is gigantic when doing a 100x. Good luck, I guess. I have a short open too but not nearly at your leverage.

>>10362540
The formula generally is this:
percentChange = (curPrice / purPrice - 1) * pos * leverage + 1 - fees

Where
percentChange - unrealized PNL
pos - position (1 or -1, long or short)

>>10362588
so what I said is correct, right?

well this is boring

How much money do you guys actually make from playing with longs and shorts like this? Are you living off of this money?

>>10362612
spoke too soon

Im a n00b with leverage; cant you bet for a bullish and also a bearish trend? two different bets I mean

>>10362635

>>10362623
I'd say 85-90% don't make shit. 5% make some decent cash and the last 5% can make a living.

Also, potential brainlet question here, but what stops a mega-whale from opening a 100x position and simultaneously dumping enough BTC into his own buy order to tank the price down a certain amount, close his short, and profit a fuckton at the expense of others?

At least try to catch the wick of a swing high you absolute idiot

>>10362187
Just give us a shout when you choose to cover, help your bros out

>>10362638
You could but they can kick you out with a big green and red candle.

>>10362659
that's how it works, anon

>>10362658
Sounds about right for anything in life.
I'm not a fan of the way daytrading makes my brain feel though. I tried it a few times and I feel like a douche each time.

Is OP about to make money?
What price does it have to hit for him to cash out?

>>10362673
Why do you feel like a douche? That doesn't make sense

DING DING DING CASH MONEY

>>10362691
Congrats op

>>10362690
It makes me feel cold and cynical, cuts me off from others spiritually, makes me feel like I am 'above' people, etc. It's hard to explain. I just don't like how it makes me feel.
Not that I am all about love and peace and shit, no, but daytrading just turns it up a notch and I don't like it

Congrats to 6 BTC or how many OP?

>>10362659
>close his short
That is the problem

OP wins

>>10362670
But if the red or green candle hit my bet, cant I cash out?

>inb4 this thread was viral marketing for BitMex
we're on to you

>>10362717
>That is the problem
mind explaining why?

>>10362673
Like anything in life, it gets easier and less stressful the more you do it. Takes time, practice, knowledge and experience. You should also be ready to lose money in the beginning, you should be ready for that all the time actually but especially in the beginning, no matter how smart you think your trade is.

When does one typically close a successful 100x leverage? Does it automatically close after the 1% change or can you ride the dip and get an extra 100x every further percentage drop? Conversely, can you close your position after a 0.5% decrease, or can you only close after the 1% movement

This thread is sponsored by BitMex :^)

>>10362691

My nigga, congrats OP!

how much did op make?

>>10362731
That makes sense, I'll keep it in mind

>>10362732
you can close whenever you want

Alright, so how much did OP profit in real terms? If his position was $4500, does that mean he made $800 because it was a .1% gain at 100x leverage?

show gains op or kys
simple as that

>>10362709
This sounds retarded. We've been trading ever since we've evolved the intellectual capacities that allow us to do so. It's part of the reason we got this far, not that it doesn't carry any evils. It is what it is and that's that. No need to bring nonsensical new-age hippie bullshit into this.

>>10362732
you can close your position at any price by putting a limit close on your order. by using limit buys and sells you avoid the leverage multiplier for fees on market buys and sells.

you can in fact hold onto a 100x for more than just a 1% swing. it is up to you to close at any price, anytime

>>10362755
There's a difference between bartering and flipping shitcoins with the click of a button to take money from others traders

I get your point though.

>>10362691
ding ding ding cash money

and tomorrow you will lose twice what you earned today

good luck in your life poorfag gambler
you just should buy a ticket to Las Vegas faggot

>>10362709
Jesus, grow some balls, how are you going to make money if you care about how you feel?

I love how Bitmex always attracts the newfags. Arthur is a fuckin god of scammers.

FUCK

IT BOUNCED BEFORE I CLOSED

>>10362770
1 year full of all the best traders in the world won't turn you into satoshi
just saying

>>10362781
Post results op

>>10362786
trades*

>>10362768
>angry nigger

OH SHIT BROS

IM FUCKING THIS UP

>>10362781
It's bouncing back down OP
How long are you willing to hold

>>10362807
You'll be fine op stay calm

>>10362763
>>10362745
Much obliged comrades

This is your brain on D A Y T R A D I N G

>>10362795
No, but i currently do this for a living. Let bots do the work though. People know the risk when they start, so it's not "bad" to take their money

>>10362807
AHHAHAHAHAHAH NIGGER GAMBLING WENT BAD?

AHAHAHAHAHAHAHAHAH
OH NO NO NO NO NO
AHAHAHAAHAHHAAHAHHAAHHAHAA

BITMEXED
MEXICANED

>>10362786
But you are satoshi in trading then if you can pull it out, don't be others fag, be yourself

>>10362862
you uhh... you been waiting to say that one? or just way to excitable?

>>10362851
it is. can confrim.

>>10362855
Letting bots do it is fine, because you build and maintain the bots, and they do the trades.
It's mostly bots out there anyways.
This affects your brain chemistry much less if at all and you get to practice building things.

But there's more money to be made long term in building things that are actually useful/helpful

>>10362883
Nothing more exciting than gamblers losing money
because its God's will

just buy and hold
you will cry thinking to all the satoshis you gave to niggmex

>>10362187
fuck you just sold it all at 7.4 didnt you, teach me your ways sensei

>>10362907
boy youre a piece of work huh?

OH FUCK

FUCK

>>10362936

>>10362936
HE DIDN'T CLOSE

>>10362936
Well somebody else has to make money, thanks for that

>>10362936
Your lambo turned into a space ship
only problem is that you're not on it.

FUCK

WHAT DO I DO

DO I BITE THE BULLET

>>10362936

>>10362953
put an order in $10 below your liquidation price for half again what youre already in for

>>10362953
I would. Doubling down was a retarded move.

>>10362936
top-shelf content op
lolololllllllllllllllllllllllllll

>>10362953
Not yet

NIGGA

>>10362973
I'm not sure what this means but since it's red I'm guessing it's bad.

>>10362977
He lost 7000$

>>10362985
The house wins again.

>>10362973
RIP in peace OP

FUCK THIS SHIT

THESE ARE THE TIMES WHERE THE STRONG PREVAIL

I WILL HOLD THIS SHIT

IT -WILL- GO DOWN

MARK MY WORDS ANONS

ONLY THE STRONG WILL MAKE IT

>>10362973
Whats your liq price?

>>10363009
We went from HODLing coins to HODLing contracts.
kek

This is a fun thread.

>>10363009
>Trading emotionally.
Despite this, he thinks he's going to make it.

>>10363009
Bearish whale longer term here but I’m gonna pump it to your liquidation price right now to prove a point rip fren

>>10363009
buying everything I can atm
i cum if I fuck up your gambling trade

Meh

>>10363044
No you're not you faggot

HERE WE GOOOOOOOOO

getting better

we got this bros

this was the last pump before lambo

>>10363103
Alright OP, I'm gonna HODL this thread in the background until it reaches 300 posts. Good luck.

This is actually turning out to be the beginning of a bart.
Congrats OP.

>>10362229
>just buy and hold faggots
Tell that to the people who bought BTC in December. Clearly "buy and hold" is not a viable option; there are more intelligent choices but you're too lazy to do the thinking and math.

ok

fuck everything

i tried to set a stoploss and i set it too close and it triggered as a market order

i lost 1.16 BTC for fucking nothing

im fucking done

enjoy your laugh

i need to lie down

>>10363254
Sorry anon

>>10362196
All you need is a vpn

>>10363254
You just lost 10 BCH.
Remember this comment in 3 years.

>>10362196
>writing dates the unnatural way

>>10363254
Fuck

>>10363254
You could have lost everything be glad you paid just a part of it... Btw good thread despite all. Business and degenerated contet 50/50

>>10363254
thank you for your support.

"When your short is ashes, then the price has my permission to bart."

>>10362936
>He sold?

>>10363254
He’s out


Continue the dump

>>10363254
Hey man, here's an expensive lesson for you to learn from. Dont make the same mistakes again anon please. Believe it or not I actually care about your money and want to see you make it - because I was legitimately dumb enough to set a stoploss too close and have it triggered as a market order before too

>>10363254
at least you still have 5 BTC for more rides, degenanon

>>10363254
lolllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll

>>10363254
depressing... not the outcome i was hoping for. gl next time dude

By the way, have you guys ever heard of the bitmex testnet?

>>10363389
Kek
Knew it

>>10363389
>having to register for a testnet
this is how u get ppl addicted

>>10363389
too fucking slow

>>10363389
THE MADMAN
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>10363389
Top Kek

>>10363389
I was so emotionally invested in your loss too

>>10362659

>>10363254
Though I'd like to point and laugh at you with all my heart, I can't bring myself to do it. Just don't play stupid games next time if you don't want stupid prizes. Good luck.

>>10363406
How does it feel to know that so many people from this board would like to fuck your pussy and cum inside wildly. And how much eth for your tits pics? At this point I don't even care if you are qt just ymthe fact that you mess around a swarm of dudes like nothing just makes me want you to be fucked as I mentioned before

>>10363457
it's a guy

>>10362187
you are so fucked

>>10363457
when your a cuck in the sheets and in trading

>>10363471
>>10363389

>>10363389
kek at the tabs

>>10362687
he can close it at any time

>>10363254
never forget that 1.6 BTC you gave to a nigger
it will be 356,000$ in 2020
you just lost a Lamborghini brand new
faggot

>>10363457
kek you idiot, it's 4chan it's 99.999% sure a sissy faggot

>>10363481
Maybe but I can improve with practice... Friendly asking, why it triggered U?

>>10363528
Idk I saw a convincing conversation between"her" and an anon. It seemed as legit but if not then that psycho is putting real effort on his larp

>>10363389
Based

>0.07btc margin
These are the smug bobo posters. Fucking poorfags on 100x leverage.

lol nice thread op got me there for a sec

>>10363542
it no trigger this indan bull now show wife bobs

>>10363250
buy and hold and dollar cost average and your good to go.

>>10363604
kys thats all i have after losing .1 btc within a day that took me a week to make and it doesn't even include the big pump we had a few days ago.

>>10362187

>>10363254
i dont feel sorry for you

you knew this was a very possible outcome

>>10363254
> DAHMP EET

OP would be rich

>op closes his short on a loss
>dumps $100

RIPOP. Just remember this feeling next time you get an itch to gamble on BitMex.

>>10363389
are you australian

enjoy liquidation

>>10362319
Post your trades or fuck off you larping faggot we already know you're broke

>>10362187
RIP if you actually knew just the slightest about what you we're doing you'd know the only thing to do atm is either scalp or be patient

>>10362187
Would’ve been more fun gambling at the casino. At least you would get free comps, female attention, and drinks.

>>10363254
lol faggot

>>10362229
>lose your money shorting a bull market
>blame niggers
nigger

I know one you degenerates is actually gambling on mex, post your position.

has there been a single time in biz history where this has ended well top kek

Does no one know how to use the
P O S T O N L Y
button?

>>10363389
Other tabs though

>>10363389
thank you, that was funny
kind of thread when I'm glad to read this board

>>10365840
>he thinks we're in a bull market

>>10363254
EPIC
THREAD
op,
congrats, kek

>>10362196
Superior date format wins again

>>10362640
what is this tool?

>>10362767
>take money from others traders
You must not understand how markets work.
When you make a trade, you have zero information about the person on the other end. They could easily have ridden their holding up 350% before selling to you (assuming you're buying). Or if you're selling, there's no reason they couldn't be covering a profitable short.
If you then ride the holding to profit (either short or long), who exactly lost out?

>>10363254
>imagine throwing away 40k links because you'd rather be a degenerate
holy shit you would have had $40,000,000 in a few years

>>10364341
So many twists itt.

>>10363502
ofc someone takes the bait