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/biz/ - Business & Finance

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56499483 No.56499483 [Reply] [Original]

Guys I need some help understanding how margin trading works on binance. If say I buy a 3x long on bitcoin right now and hold for a year, do I lose money on the position every day? Like a 0.0025% per day fee or some shit? I understand liquidation and how price goes up etc, but not this daily fee.

Also isolated vs cross margin.

I tried to open an isolated position and it only allows 10x... fuck that shit, it's retarded to go past 4x rn. What do? How to open a 3x or 4x isolated margin? Cross margin allows 3x iirc.

Also, question about cross margin. If I go all in for the position, does it matter which one I choose?

Also general strategy, what do you margin trade frens recommend? I plan to drop 0.05 BTC on going long on BTC (1.7k usd roughly). And would like to maximize gains.

I believe that BTC will be 50k USD by the end of November and won't stop pumping until March where it's 250k, then retrace to 100k and then skyrocket to 700k or so around election time. I'll open upwards and downwards margins accordingly, but would like to maximize the gains. (For instance how the fuck do i open a 4x margin now instead of the much weaker 3x margin), or a 6x margin if BTC dips below 30k again. I can't adjust it like I used to be able to a few years ago. What am I missing here frens.

Forgive sperg questions, am manic rn, but im sure other bizraelis wouldn't mind the educational lesson from the pros. He'll of a lot better than "buy shitcoin x" threads lol, so bump if you find this useful info.

>> No.56499511
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56499511

Self bump, because a lot of you smarter frens have 1pbtid blockers

>> No.56499854

>>56499483
buy a call then if you think it's going up like that

>> No.56499937

>>56499854
call expires, margin/futures doesnt, that said options run with a intrinsic weakness

>> No.56499950

>>56499937
So roll the call forward.

>> No.56499967

>>56499483
>do I lose money on the position every day
Yes of course, how do you think Binance makes money from margin lending.

>> No.56500014

>>56499950
not a fan of that, besides I don't live in muttland where futures traiding is forbiden, options is for the mutts so (((they))) can rig the game more easily

>> No.56501269

>>56499483
OP gonna get REKT

>> No.56501296

Ur getting liquidated