/biz/ - Business & Finance

If you get an urge to trade just use like 1% of your stack. And quit if you start failing

>>55769726
Yeah but when I moved over the Bitcoin to the Futures account and saw how much I could leverage with 100X it was hard not to use my entire stack because using my entire stack meant I could pretty much double my stack that I had spent years growing, with just the price going up a few %

For some reason I blocked it out of my head that if it just went down a few % that I'd lose everything I had built up over years.

>>55769720
>>55769726

I use 10% of my total portfolio to leverage trade.

Years ago I got wiped out for 6 figures on bitmex so I can't sleep at night without proper risk management

>>55769736
>You 100x leveraged your entire portfolio

wtf

>>55769741
Yeah well my excuse is my 90 year old grandfather who has money and a multi-million dollar beach was forced to move into a medical care facility because he requires 24/7 access to medical equipment, doctors and nurses, and it hit me that why am I DCAing and waiting for my stack to "make it" only for me to end up an old man by the time the Bitcoin I had would be worth "fuck you" money, I wanted to make it now, when I am young and able to enjoy it.

So when that happened, suddenly all my risk tolerance went away, and I just went all in, going for it to try get years worth of additional DCAing done in a single trade.

>>55769720
>sell
>it pumps 50%
>buy
>it drops 49%
AAAAAAAAAAAAAAAAA

>>55769770
I sympathize, anon, because my enfeebled grandpa has left me with a $250,000 reverse mortgage to pay off or else we’ll lose the last home my family owns. I’ve gone 99% invested into a total shitcoin that’s soft-rugging and has only a tenuous chance of ever taking off. However, I only invest in ETH shitcoins, I would never leverage trade, so in a way you are dumber than me. Good luck though.

>>55769720
never going to fuck with leverage

>>55769738
>leverage trade.
Kek. Would take index trading over this. Creating indices on AstraDAO is based. Not rocket science anon. Gotta do the needful.

>>55769720
I have only traded a percentage of my stack when the market is clearly crabbing. Once a stop loss order triggers, that is when I stop. As far as profits from trading goes? I am in the green.

>>55769782
Before my wallet got hacked, I also bought some garbage coins, and they almost went to zero. Those funds could have been used to get a better house for my mom and me :(

Please trade leverage on the exchange owned by your fellow /biz/raelis instead of giving it to:

- niggers (bitmex)
- chinks (binance)
- jews (formerly FTX)

Use gains.trade

>using leverage
not my thing, sorry. I'd just rather play it safe and wait for the long term like supplying USDT to curve on Kava's LPs instead.

>>55769720
How may times have we seen this story before? you fuck with leverage means you're much more likely to lose it all

>>55770046
can we have some recommendations? is bybit unironically a decent option?

>>55769741
now THAT is a Deathwish

>>55769738
>tfw to retarded to leverage trade
perhaps my low IQ has finally come useful to me...

>>55771456
I wouldn't trust curve with my crypto after what happened but (You) do you, m8.

>>55771467
it ain't at all.

>>55771456
I'd supply USDC instead but I guess they don't support it natively?

What are they waiting for?