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/biz/ - Business & Finance

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19189293 No.19189293 [Reply] [Original]

Is this position too greedy, or not greedy enough? I know I'm a poorfag btw that's why I'm trading on margin

>> No.19189319

>>19189293
Why do all the "trade on margin anon, you'll be OK..." shills focus so hard on XBCT?

>> No.19189327

>>19189293
who cares about your 100 dollar position lmao

>> No.19189341

>>19189319
bitmex only trades btc, also I'm not shilling anything I don't recommend trading on margin

>> No.19189366
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19189366

>>19189327

>> No.19189410

>>19189293
you trade on margin so you don't put all your capital with the broker
how much of your portfolio are you risking on this position? How much do you expect to make? Risk to reward ratio?
Don't enter into a trade where if it goes south, you literally lose all your $$.

t. lost a lot and now understand risk better

>> No.19189436

>>19189410
100 dollar position won't get OP anywhere unless he's trading with 100x leverage

>> No.19189443
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19189443

>>19189410
only like 10% of my portfolio, would almost double that with this trade. it's already up 20%. I don't want to be poor anymore

>> No.19189822

>>19189293
sweet summer child


where is your stop-loss order?

>> No.19189942

>>19189443
>I don't want to be poor anymore
Perhaps stop gambling then?

>> No.19190054
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19190054

>>19189822
too late, I closed the position at +30% because /biz/ is bullying me

>> No.19190213
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19190213

>>19189293
just retarded enough

>> No.19191313
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19191313

>>19190054
always set a stop-loss order fren, it is not only about making money you also have to preserve it.

>> No.19191399

>>19189366
i will tell you a secret.
lower your leverage. go for max 5%. use stop loss (not liq, costs you way more). you won't get rich overnight. if somehow you're lucky to get 1 amazing trade with high leverage and make good profit it is guaranteed that you will lose it afterwards.
you will make more over a longer timespan with lower leverage than with high leverage.