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/biz/ - Business & Finance

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22389629 No.22389629 [Reply] [Original]

Why would you ever place a limit order on margin if whales can nuke the order book at any moment?

>> No.22389724

>>22389629
nigga you want a scholarship? - harward

>> No.22389858

>>22389629
>whales
imagine thinking """whales""" are your counter-party.
jesus you fags are so fucking naive. no wonder arthur farms you stupid assholes like cattle

>> No.22390009

>>22389858
W-who is it then senpai

>> No.22390054
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22390054

>>22390009
He thinks the exchanges liquidate their own customer base.

>> No.22390176

>>22390054
They literally do though. At one point I held the largest short position in March on Binance (800 BTC) and I got scam wicked by CZ went through ALL of my stop losses just TOUCHED my liq price then immediately shot back down

>> No.22390242

>>22390176
This literally happened to me 2 weeks ago. Thought about kms

>> No.22390305
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22390305

>>22390176
>>22390242

>> No.22390328

>>22390054
cute ho.
they liquidate you all day without a 2nd thought brochacho

>> No.22390340

>>22390054
they do, they are the whales. the house always wins

>> No.22390435

>>22390242
Yeah I gave up margin trading after that. Was really more of a margin gamble considering I was using 100x leverage, but I was up 900% at the time and had so many stops in place I didn't expect to lose it all in seconds. I at least made up for it and I'm up 3-5k% from May

>> No.22390493

>>22390435
That's great fren. I can't say the same. I had a 35k stack. I don't even want to say how much I have left. Margin is the only way I can get back even a fraction of what I had. Stay away from it.