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/biz/ - Business & Finance

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26195836 No.26195836 [Reply] [Original]

I shorted ETH at 1350 and got liquidated so I longed ETH at 1400 and I am again on the verge of liquidation AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.26195862

>>26195836
based newfag losing everything in 5 minutes

>> No.26195863

>stop loss
>don't use 1000x leverage

>> No.26195867

deserved
just buy and swing, faggot

>> No.26195880

>>26195836
stop gambling

>> No.26195883
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26195883

next time you feel the need to degenerately gamble just degenerately jack off instead

>> No.26195886

>full retard leveraged long at ATH

reddit really is more intelligent than this board

>> No.26195891

>>26195836
Is that you, idiot trader?

>> No.26195919

HOW THE FUCK IS IT LEGAL TO OFFER US 100X LEVERAGE. I LOST EVERYTHING IN AN INSTANT AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.26195922
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26195922

>>26195886
>reddit really is more intelligent than this board

>> No.26196063

>>26195922
/biz/ is unironically the dumbest board on 4chan, its full of 100x margin traders and pajeets shilling shitcoins like LINK and RBC

>> No.26196283

>>26195919
Lmao so why did you short and then long? What were you expecting that led you to make such a bet?

>> No.26196308

>>26195836
Kek

>> No.26196320

>>26195836
LOOOOOOOOOOOOOOOOOOOOOOL thanks for playing hope this isn't larp

>> No.26196649

Could someone explain exactly what OP did and why it's bad? I understand that he lost money and he is about to lose more, but I don't understand the shorting and liquidating thing.

Thank you.

>> No.26196706

>>26196649
We are gonna make it

>> No.26196755

nigga

>> No.26196829

>>26196649
Op tried to make the price shorter, but if it doesn't work out he will be arrested and given the death penalty (liquidated) for market tampering

>> No.26196845

>>26196649

He borrowed a lot of money (leveraged) and bet all of it that ETH would decrease significantly (short eth). Since he borrowed so much money, the smallest volatility upwards in price would mean that he would have to pay his loan immediately, not allowing him to take any profits from the loan and actually lose most of his own money (liquidated)

>> No.26196869

>>26195886
>*burp* G-Gods not *burp* real morty!
>XRP will *burp* be *burp* used by banks
>don't be a jerry, buy Nano! Wubalubadubdub!

>> No.26196876
File: 663 KB, 960x965, u8qf6rftgvu51.png [View same] [iqdb] [saucenao] [google]
26196876

>how to manage risk

>> No.26197284

>>26196845

Thank you based anon.

>> No.26197715

>>26196845
what if he doesnt pay the loan?

thinking-nigger.jpg

>> No.26197744

>>26195836
>double buy high sell low trick
biz^2

>> No.26197788

Cтo пpoцeнтoв reddit лyчшe этoгo.

>> No.26197818

ANNNNND It's gone

>> No.26197831

>>26195836
When rope?
Can you livestream it?

>> No.26197848

>>26195836
>short on the way up
>long the top
>overleveraged

never change /biz/

>> No.26197881
File: 544 KB, 1012x718, 139964347_752074789072155_4964977218447719974_o.png [View same] [iqdb] [saucenao] [google]
26197881

>shorting crypto

>> No.26197882

>>26195836
based retard