/biz/ - Business & Finance

[Anonymous No.15996476]

high leverage scraping... is this like any other skill? because logically it's the only thing you'd need to master in order to make it

[Anonymous No.15996564]

You WILL lose everything. Good luck though.

[Anonymous No.15996589]

Wtf how did this get stickied?

[Anonymous No.15996621]

good luck with fees, spread (unless waiting for your orders to fill up which they just wont most of the time because of all the bots) and general unpredictability of short time frames.

You will probably lose everything btw.

[Anonymous No.15996650]

>>15996476
wats high leverage scraping?

[Anonymous No.15996750]

>>15996621
>general unpredictability of short time frames.
that's fucking bullshit

[Anonymous No.15996790]

>>15996750
well, what am supposed to say? you did not even name scalping correctly. what am I supposed to say, its easy? Anything is possible. Do I recommend it? no.

what strategy would you use? what time frame?
pyramiding?
position size?

[Anonymous No.15996820]

just go paper trade on the time frame of your choice and you will find out

[Anonymous No.15996842]

>>15996750
you must be rich then

[Anonymous No.15996959]

>>15996476
Who the fuck sticked this? and why??

[Anonymous No.15997148]

>>15996476
Look, the thing is. There are 2 main things most likely to fuck your plan up:

>risk management
With high leverage, how do you determine when & how often to stop out? If your idea of scalping is super short-term trades (few seconds per open position), the margin of error is just so high along with your margin for success that you’re more likely to drain your account after just a few times of stopping yourself out as long as your R/r is greater than 1.

To combat that, I actually thought myself about a negative-R strategy, where say you take profit at 1R but only stop out after -3R. This way you can almost guarantee yourself a profit the majority of the time...but you’d have to keep your # of winning trades at least 3x above that of your losing ones or else you’re screwed and in the red overall.

>fees
This is the main annoyance and ties in with the previous point. Even if you got a winning risk management strategy for high-frequency, high-leverage trades, assuming you use a market stop even semi-often, the fees will eat you alive before you can say “unprofitable dunce”

Bitmex’s fees are
> taker: 0.075%
> maker: -0.025% (they pay you back)
And these are multiplied by your leverage

so now with a market-making strategy where you use strictly limit orders, this can actually be the money maker. I have successfully done high-lev trades on the margin exchanges and walked away with a tidy profit mostly from the maker rebate alone.

Basically you gotta do that if you want to think about this kind of thing at all.

However you sound like a brainlet so I expect you to just get rekt first

[Anonymous No.15997174]

>>15996476
Thats the scariest way to margin trade. Trading within seconds..

aint it funny how we could potentially make it with a bit of luck? Its technically possible. Its crazy to think we are close yet so far away from escaping the cuckening.

[Anonymous No.15997191]

>>15997148
If I ever scalp, I would close the position immediately after seeing any sort of profit... but I wouldnt even try it unless I had a shitton of capital so that a k or 2 wouldnt feel like a significant loss. I have a feeling scalping isnt for me tho

[Anonymous No.15997202]

>>15997148
checked.

its actually a good idea to have it stickied so as to slow down some too eager anons lining up to get rekt.

[Anonymous No.15997649]

>>15997191
yeah but see therein lies the rub. Would you immediately close after seeing any sort of loss? It’s scary af opening a trade, hovering at breakeven for a few seconds, then having the market start going against you while your PnL bleeds.

>>15997202
Thanks for checking my singles. And no are you kidding? we need noobs to make money at this shit