/biz/ - Business & Finance

>>19656548
The crypto zoomest always sleep in. Give it 4 more hours.

>>19656548
americans are poor as fuck

>>19656666
>zoomers
What a waste of quads. Pardon me, sir.

>>19656548
The market makers sucked every last dollarino from stupid bulls in the last week st the high 9k mark.


Now they're going to force their longs to liquidate.


Once that's done they'll pump it again.

>>19657308
who the fucks still margin gambles on crypto? are there really still people retarded enough to do that? what part of the exchanges not being regulated hence allowed to fuck you over on your long/short positions which they can fucking SEE in real time?

Unbelievable

>>19657348
Yes they are.

Plus, Stop and liquidation hunting are a thing.


Crypto markets are unregulated. Every illegal stock manipulation technique is legal there.


I make leveraged trades sometime but never 100x or whatever insane shit some of those exchanges allow.


Right now the market makers are coming for those late long dollarinos

>>19657477
then they deserve to lose all their money, it's literally less retarded to play the lottery

>>19656548
sergay betrayed us all, we were supposed to be all in this together

>>19657653
>MOM, I SAID IT AGAIN!!

>>19657477
is x3 "safe"?

>>19657681
I mean,

Are your an emotional trader? If yes then hell no.

How much of your stack are you willing to lose?

5x is about as high as I go and I really only do that sometimes now that I've figured out the game. I also set my stop losses fairly tight on those 5x's too.


I'm still only right in short term trades about 60% of the time when volatility is high. Doesn't matter though. I don't FOMO or get emotional. I lose 200 here and there and make 1000+ on a good trade


One last thing. Don't FOMO. Never buy or short the middle. Bullish or bearish NEVER enter a position unless the market gives you a good entry point. Put your money in your pocket and wait for the right opportunity

west coast sleeps in

breakfast first buddy

>>19657681
Also don't buy tops. The fucking dumbest thing you can do is be one of those retards that bought at 9950 when everyone knows the resistance is 10k.

All that risk for an extra $50 on a 10k bet.

If you want to make your trade you wait til it breaks 10k then consolidates (which would have kicked off another bull run)

Hey you might miss out on some potential gains but you cut your risk dramatically

>>19658166
Been shorting BTC since 9200 at x3, shorted like 5k at 9.2k, another 2k at 10.2k. Helf my position all the way to 10.5k and didn't panic sell, I think I'm doing well for my first time margin trading. How low you think this shit is going?

>>19656666

>>19658686
You did good. I've got an order to close my 5btc 9995 short from yesterday at 9500. I may move it down some or just close out @market rate depending on what I see.

I'm flying out of state tomorrow so I'm any case I'm closing my position by tomorrow morning

>>19658686
Also be careful. 9200 to 9999 is $800.

If that thing broke up you'd of been one of those idiots I was talking about. During that ok push I wouldn't have considered shorting under 9800.

Don't risk those big swings. You keep waiting out big swings like that with a puckered asshole and you'll get burned sooner rather than later. It's going to hurt bad when you're leveraged.