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That's why you don't trade crypto on those type of exchanges.
They are not a reliable medium for trading, lets just remember when they prevented traders to operate only cause the kids from wsb decided to long game stop and amc with the purpose of squeezing the shorts from certain banks.
It's a little different in crypto, your collateral gets liquidated when you get too far out of range, unless you put up more collateral your position gets closed out. The higher the leverage the less room you have for percentage moves.
From an AM background thats a weird definition of MACD.
that’s called a margin surely?
That's not what MACD stands for. It's Moving Average Convergence/Divergence
I only have a loose understanding of it, never actually traded with leverage or shorted.
It's not really that hard, you'd probably pick it up after 2 or 3 trades....most important thing is setting a stop loss
So say at some point I though we were going to be in a long term downtrend. Would it make sense to open a short and leave it open, with no or minimal leverage for an extended period, say 6months? Or would the funding rate be too costly and eat up the returns
Well...you could do that, but it might make more sense to close it on upticks and then reopen it on small bounces
It's why I think DCAing is the play. I've been watching on the sidelines. No clue what the play is. Definitely not a 2022 I intended BUT dry powder is on the side ready. Let's go!
Sol is getting raped and eth is Takinga pounding buy that sweet bounce is on with 2.0. Seems like btc is the safest play especially if not moving out short term.
Honestly starting to feel like just trading contracts is the move. No worries about wallets getting hacked, crypto getting stolen, etc...
What's a good one to use? I have been on Coinbase for a few years.
Coinbase Pro, and Kucoin are the two I mainly use. MEXC and Gemini aren't bad either.
It's kind of scary. Even crypto.com got hacked and finally admitted it. I like the idea of being my own financial custodian. The future is dangerous with super computers and quantum computing.
You got the right idea. I have seen the majority of people have the most success with this strategy, very few have the skill and emotional discipline to beat it. Key being to keep it on when it feels like its going to zero.
I got in sooner than some people BUT I had no ****ing clue what I was doing nor could I articulate why there's intrinsic and monetary value. I just knew I had stumbled upon something great. Imagine if we dumped a significant portion of our biz profits and or other savings on btc? Obviously easy to say when hindsight vision is 20/20. Still learning boys.
