/biz/ - Business & Finance

[Anonymous No.51091518]

>go on futures
>sort by % change in 24h
>open largest gainer
>open market short
is it really this easy to make money?

[Anonymous No.51091616]

It's this easy

[Anonymous No.51091623]

>>51091616
fuck off jeet

[Anonymous No.51091657]

>>51091518
>>51091623

[Anonymous No.51091873]

>>51091518
>open short
>it keeps pumping
Now what?

I could technically see this working if you don't use any leverage and it's about to hit some major resistance, but you better have good risk management.

[Anonymous No.51091891]

>>51091873
low leverage and just cover my short when a position hits like -5 or -10%, been working great for me so far
but then again, it always works until it doesn't

[Anonymous No.51091898]

imagine if you shorted GME when it ran up from $5 to $20 expecting it to drop back down to 5. its still at $120 now.

[Anonymous No.51091911]

>>51091898
what? lol

[Anonymous No.51091931]

>>51091911
31 after a 4:1 stock split. i was simplifying. if you shorted it at 20 this would still be the equivalent of 121.

[Anonymous No.51091942]

>>51091931
oh i didn't realize there was a stock split, makes sense
still, i'd have cut my trade well before i reached -100% on it

[Anonymous No.51092063]

>>51091898
Imagine if you sold puts to close your short and rolled your puts up as they became profitable, then rolled calls down as the price came down. I bet you could make a lot of money if you did that. Would need a lot of margin and more than one person working the trade. Would also help if you had help from the market makers to turn off buying for certain brokerages when you were ready to flip the trade.

Bet someone could make a metric fuck ton of money if they had the kind of resources needed to pull it off.

[Anonymous No.51092096]

>>51091518
yeah works great until it doesnt

[Anonymous No.51092457]

Shit is even easier with bitDAO anon. I don't know how you guys aren't all driving lambos yet, you have to be retarded to not make money in the space.

[Anonymous No.51092475]

>>51092096
yeah i realize that, see >>51091891
>>51092457
>BitDAO
ByBit banned my account for 'bonus churning' and took my coins, fuck that

[Anonymous No.51092522]

>>51091518
Sometime it work, like now I shorting CHZ but sometime it liquidated like WING.

[Anonymous No.51093678]

when does your short expire in this example OP? i'm totally new to futures trading and i'm interested in what you're saying

also, if i trade with 1000 bux, but i've 10 grand of crypto in my binance wallet, could i stand to get liquidated and lose the full 10gs? or only the cash that i have ready to trade in my binance futures wallet?

[Anonymous No.51093730]

>>51093678
it expires when you close it or get liquidated, it's not options trading
if you dont transfer it all to the futures wallet they wont take anything if you get liquidated on cross-margin positions

[Anonymous No.51095535]

>>51093730
really cute. when i close my position, do i take profit immediately? or do i need to do some kind of counter buy/sell trade? i'm not sure of the process. cheers for the info so far fren

[Anonymous No.51095650]

>>51092457
give me the DAOpill

[Anonymous No.51096654]

>>51095535
Go on binance mock Trading and testwith fake money ALL your doubts / scenarios

Aso want the bitdao pill

[Anonymous No.51096800]

>>51091518
Show us the stub, feggit. Show how much you made with that tactic yesterday when the market tanked again because of spending bill. Also, props on not using a bugwhore as OP. I guess it really is only 1 russian autist.

[Anonymous No.51097703]

>>51096654
Great advice king thx, will do this