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/biz/ - Business & Finance


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11161927 No.11161927 [Reply] [Original]

I'll begin with a recent one
>19th of September
>open a short on Bitmex at 6320 with 25x leverage
>places stop loss at 6350
>also got a trailing stop loss ready at 40 points
>the massive dump commences
>euphoria as the ROE% increases at record speed, orderbook rushes past liquidation orders and /biz/ gets spammed with pink wojaks
>it bottoms near 6000
>"heh, I guess it has only just begun
>huge buy wall appears, wiping out the entire orderbook back to 6300 even faster
>suddenly realize I forgot to place the trailing stop loss
>then my heart stops: there's no stop loss active at all, as if there was some error when I clicked the button
>orderbook flies past 6340
>FUCK FUCK
>spams market buy but I just get a message that the system is overloaded
>market nears liquidation price
>eventually the market buy goes through but I am down 70% from what I shorted with

FUCK YOU ARTHUR

>> No.11161953
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11161953

>bought $1000 worth of Elix back in October
>checked my blockfolio in January, its worth $22k
>neat
>didn't sell any
>now its worth $500