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/biz/ - Business & Finance

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29460569 No.29460569 [Reply] [Original]

This faggot got a loan, quit his job and was trading on margin, and his portfolio got liquidated (I'm almost bankrupt now)
AMA

>> No.29460604

>MARGIN
>MARGIN
>MARGIN
>MARGIN
>MARGIN
>MARGIN>MARGIN>MARGIN>MARGIN>MARGIN>MARGIN>MARGIN>MARGIN>MARGIN>MARGIN>MARGIN>MARGIN>MARGIN>MARGIN>MARGIN>MARGIN>MARGIN>MARGIN
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

>> No.29460644

>>29460569
when you try to out jew the jew, sometimes you still get chinked

>> No.29460651

you longed above 50k? what?

>> No.29460682
File: 93 KB, 385x390, 1610116541048.jpg [View same] [iqdb] [saucenao] [google]
29460682

>>29460569
>he bought the top
>with a loan

>> No.29460684

natural selection

>> No.29460713

Are you me?

>> No.29460742

>margin
Are you in a hurry or something?

>> No.29460744
File: 343 KB, 2600x2267, 1611449787712.jpg [View same] [iqdb] [saucenao] [google]
29460744

Thanks for playing.

>> No.29460872

>>29460644
C'est la vie
The worst part, I'll have to go back to work at amazon or something
>>29460651
Alts :/
>>29460682
>>29460742
tried to outjew the jews
>>29460744
I'll be back

>> No.29460989

>>29460872
>tried to outjew the jews
The only way to do this is to hodl

>> No.29460991

>>29460713
at least we're not alone in our faggotry

>> No.29461067

>>29460989
good lessons are expensive
I guess, I'mma start buying and hodling for the 23-24 bullrun

>> No.29461113

why do people do fucking margin calls? FUCK

>> No.29461218

>>29460872
it's not over until you say it is. there's no way the top was less than 3x of ATH this cycle.

>> No.29461226
File: 360 KB, 406x710, anya.png [View same] [iqdb] [saucenao] [google]
29461226

I actually never truly knew what margin calls were. Is it similar to how options is almost considered to be gambling more than investing?

>> No.29461290

>>29460569
>Margin trading near March when it's obvious that structure is breaking down
How new?

>> No.29461307

>>29461067
don't give up hope for this cycle. and dont kill yourself kek

>> No.29461336

>>29460569
why did you get greedy jew? no sympathy

>> No.29461350

>>29461226
It's borrowing money to speculate with more than you have.
If you lose a lot, they liquidate your stuff to pay it back.

>> No.29461375

>>29461226
Kinda, it's more or less like leverage
Ex. if I'm trading at x4, and my GRT went down 25% I'll lose 100% of my balance
(fucking kill me plz)

>> No.29461381

>>29460569
no you didnt because nobody is this dumb

>> No.29461402

>he thinks this bullrun is over
ngmi

>> No.29461466

>>29461067
OR you can make it all back during this alt season.

>> No.29461494

>>29460872
Tbh, I think the market will recover from this over the next few days so it's a shame you got liquidated. I'm all for excessive risk taking when going long with my own money but I'm a risk averse bitch when fucking with leverage

>> No.29461530

>>29460569
have you heard about a stop loss anon?

>> No.29461729

>>29460569
Should have listened to bobo when he warned you.

>> No.29461736

>>29461530
Nope, my fucking issue since 2017, has always been that I'm so loss averse, that I ride shit down to 0

>> No.29461741

>>29460744
It doesn't hurt me
Do you want to feel how it feels?
Do you want to know, know that it doesn't hurt me?
Do you want to hear about the deal that I'm making....

>> No.29461799
File: 34 KB, 931x179, screenshot-www.binance.com-2021.02.23-05_25_27.png [View same] [iqdb] [saucenao] [google]
29461799

>>29461381
Don't doubt my stupidity

>>29461729
Bobo warned me all fucking days since November, kinda difficult to take it seriously

>> No.29461870

>>29461494
you're a wise risk averse bitch

>> No.29461999

>>29460569
How much was the loan OP?

I'm guessing it's between 5-10k if you're margin trading.

>> No.29462076

>>29461799
Aah nice you went for alts which you can 75x-125x on, do you have any alts you recommend which can go 100% in 2 weeks? I would have leveraged Chainlink when it was 1$ but I didn't bother. The problem with these large cap alts is that they barely move.

>> No.29462287

>>29461999
around 5k, or a little more than a year of min wage in this third world hellhole
>>29462076
honestly, right now GRT, I was in for the long run, but I just happened to get wrecked while taking a very high risk position

>> No.29462449

>>29461736
I know that feel anon I was liquidated twice because of this (small amounts)
but you have to conquer this feel if you want to leverage trade

>> No.29463287

>>29460569
Prove it

>> No.29463442

>>29462287
>I just happened to get wrecked while taking a very high risk position
that's right bro just bad luck

>> No.29463468

Buy XRP, you'll recover.

>> No.29463481

>>29462287
So I'm guessing you hated your job and wanted any excuse to quit but the euphoria got to your head?

>> No.29463584

>>29460744
Kate is so lovely.

>> No.29464096

>>29463481
yup
>>29463442
I didn't even hedge, part bad luck, but also my fault
>>29463287
>>29461799

>> No.29464187

>>29463468
With XRP you have to leverage 10,000x to see any significant gains.

>> No.29464255

>>29461402
Apparently it is for op. He's back at 0.

>> No.29464323

>margin
you fucking deserve it

>> No.29464404

>>29460569
show ur what your portfolio looks like now

>> No.29464501
File: 1.08 MB, 275x206, eyJfdHlwZSI6ImNvbW1lbnQiLCJjaGlsZF9wYXRoIjoiMTIxMDY1NTE0NjQ2ODk1NDExMjowOjAiLCJlbnRpdHlfZ3VpZCI6IjEyMTA2MTI3MjI1MjExMjA3NjgiLCJndWlkIjoiMTIxMDY1NTE0NjQ2ODk1NDExMiIsInBhcmVudF9wYXRoIjoiMDowOjAiLCJwYXJ0aXRpb25fcGF0aCI6IjA6MDowIn0=.gif [View same] [iqdb] [saucenao] [google]
29464501

https://rumble.com/vcsqp1-my-boy-ricardo.html

If you wanna out Jew the Jew = Don't borrow money from the bank, ever
Pay cash for everything
Everything!

>> No.29464523

>>29460569
thats brutal bro, what were you thinking?

>> No.29465176

>>29464523
Stonks only go up

>> No.29465284

>>29464404
reef and sadness
>>29464255
Almost bankrupt, not totally, can still yolo, now, how wise would that be? not much

>> No.29465295
File: 37 KB, 704x704, dont_be_a_bag_holder_for_stock_or_day_traders_t_shirt-r8b4b5a41740449b986a57ecd5013b755_k2grt_704.jpg [View same] [iqdb] [saucenao] [google]
29465295

>>29460569
I'm pretty sure I have your money now. And you know what, I do not have to pay any loan back. How awesome is that?

>> No.29465405

>>29465295
Pretty awesome,
spend some of it on blow,
in the name of all the faggots
whose money now you got

>> No.29465419

>>29461736
Wow, you are fucking stupid. This isn't for you

>> No.29465575

>>29465419
Thank you :3, but is the only thing that gets the dopamine running

>> No.29466106

>>29462287
The absolute state

>> No.29466163

>>29460872
The sun will shine again brother. It's just a matter of time.

>> No.29466208

>>29460569
i was doing 44x longs and shorts on btc yesterday riding the dips, got in at the bottom and it fucking mooned up 5% and liquidated me, lost over 2k which is half my stack, im fucked

>> No.29466339

>>29460644
Truer words have never been spoken

>> No.29467140
File: 89 KB, 452x464, 1600263456808.jpg [View same] [iqdb] [saucenao] [google]
29467140

>>29460569
long drop or short drop, anon?