[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 155 KB, 800x800, 4bde02aa5a057e4431464ec097c04dd4-imagejpeg.jpg [View same] [iqdb] [saucenao] [google]
22414362 No.22414362 [Reply] [Original]

Total Brainlet here. Can someone explain me the following:

$250 Binance account > go short with x20 leverage (so I tarde with $5000 right?) > make 4% profit and close the trade (Limit Order)

Why did I only make around $6? 4% out of 5k should be 200? Of course there are fees. But they are only a couple of dollars

Please explain

>> No.22414611
File: 110 KB, 839x610, 1566540734937.jpg [View same] [iqdb] [saucenao] [google]
22414611

>>22414362
i need to know

>> No.22414966
File: 73 KB, 250x250, irony.jpg [View same] [iqdb] [saucenao] [google]
22414966

>>22414362

Don't forget that you now owe IR$ tax on that 4$!

>> No.22415004

>>22414362
Because probably you didn't really use that leverage or messed something up. With 20x leverage you either get liquidated or double your stack at a 5% move, depending on the direction.

>> No.22415028

>>22414362
You got chinked.