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/biz/ - Business & Finance

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8093037 No.8093037 [Reply] [Original]

So explain to me what's the downside of trading with 100x leverage on say $100 or something?

>> No.8093068

>>8093037
You lose a 100

>> No.8093083

>>8093037
nothing really, i opened a x100 long @ 6k ....seems to be going well so far

>> No.8093524

>>8093037
>what is the downside of gambling?

>> No.8093571

Don't you lose 10k if it goes wrong?

>> No.8093739
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8093739

>>8093571

>> No.8094090
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8094090

>>8093037
>apply for leverage
>buy any coin
>the exchange sells your position data to some whale
>he proceeds to dump until the coin is $0.01 under your liquidation price
>you get liquidated and get forced to sell all of your coins
>the whale rebuys his coins and gets yours for cheap

>> No.8094105

>>8094090
I think hes talking about btc

>> No.8094110

>>8094090
This always happens.

Never trade high margin unless YOU are the whale manipulating the price.

>> No.8094120

>>8093083
Screenshot pls

>> No.8094176

>>8093083
larping fgt

>> No.8094959

>>8093037
i guess you gotta find out

>> No.8094996

>>8094110
In soviet russia u manipulate whale lol

>> No.8095025

>>8093524
Lmao this

>> No.8095167

>>8093037
Really short margin, if you make the wrong move the liquidation is quick

>> No.8095296

So I'm not really seeing a downside to what OP is saying. Basically, I lose $100 and that's it? But I can bet that $100 a couple times and make 100x the profits?

Basically all I need to do is hit it big ONCE and that's it? Holy fuck lol. I'm gonna try it.

>> No.8095795
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8095795

>>8093037
Don't do a portion of your stack on high leverage. Instead do your entire stack on low leverage. 100% of your stack on 10x is the same as 10% of your stack on 100x. Except with the former you'll have a much better liquidation price.