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/biz/ - Business & Finance

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26278784 No.26278784 [Reply] [Original]

So someone pls explain to me whatever it is im missing here:
>start leverage trading on Bybit with a very small (~$200) stack of money just to see how it in action
>already know how it works, about maker/taker fees etc just never wanted to do it with actual money just yet
>open extremely safe market long of ETH-USDT @ 50x
>10% profit and 5% stop loss
>price goes down, hits the stop and closes the order
>lose expected ~10 bucks
>also lose nearly $25 extra
how the fuck does this happen? It says my fees paid were only 7.5, which makes sense since its 50 x the taker fee, but where is the rest of that coming from? The candle did dip super hard either, it just crossed the line and filled instantly so its not like it was trying to sell it off at a way lower price

>> No.26278848

50x leverage lol

>> No.26279161 [DELETED] 
File: 993 KB, 250x250, 108755850245.gif [View same] [iqdb] [saucenao] [google]
26279161

>>26278784
>leverage trading on Bybit
>extremely safe market long of ETH-USDT @ 50x
gif related
don't ude bybit, they are chink scammers that make look binance good
you should know what is notional value first
200*50*0.00075=$15
the difference is the mark price - spot that you have to pay extra to open a position
50x lmao

>> No.26279259
File: 993 KB, 250x250, 108755850245.gif [View same] [iqdb] [saucenao] [google]
26279259

>>26278784
>leverage trading on Bybit
>extremely safe market long of ETH-USDT @ 50x
gif related
don't ude bybit, they are chink scammers that make look binance good
you should know what is notional value first
200*50*0.00075*2=$15
the rest is the mark price - spot price that you have to pay extra to open a position
50x lmao

>> No.26279311

>>26278784
My financial advice is to stop trading with leverage.

>> No.26279357

>>26279311
it has to be better odds than the lottery right?

>> No.26279655

>>26279357
marginally (hehe...)

>> No.26279792

You have 0% chance of making money with leverage. The market maker robot has total situational awareness and sees ALL leveraged LONGS AND SHORTS and just liquidates them all day. You cant win. It is rigged.