Marging trading , quit gambling and won over 28 BTC
Hello Steemian friends,
Today i want to talk about Margin Trading.
I used to trade on Poloniex since May 2016. My first atempts were back in December 2015 but i hadn't got enough money then. Since May 2016 to February 2017 i managed to make around 28 BTC. Not bad at all ... i think.
There are some things i love about Margin Trading:
I. It doesn't matter if the coin price goes up or down. I can make a Long position or a Short position (take profit if the price goes down) . I love shorting because i am realistic and know that a coin price has to go down too... :-D.
II. You can trade a greater ammount than you have in your account. I use to trade on Poloniex, so a 2,5X leverage is given to our accounts. If i invest 2 000$ i can trade up to 5 000$ . If i have good positions on coins i will take more profit ! The minus here is that you can be liquidated if your loss is same with your account value.
III. You have a calculator always who shows how much you win / lose . You don't have to make manualy calculs. For sure here is the most beautiful green colour that i have ever seen. You can always compare the numbers and set how much you want to win or even lose ( with a stop loss button )
IV. The last one is that trading saved me from my gambilng addiction ! I used to lose much money in casinos before i discovered this crypto world. Here i found my need in investing or "betting" but i never have that feeling to put myself all in or risk everithing i have on one transaction / coin.
I wish you all a great Sunday.
I tried once to bet on Forex so I took on iForex as though it was called, but I did not manage to understand this market very well, so I rethought.
I did trade on Forex a long time ago. You are right about trading short and the fact that any coin will go down you just to be there and cash it. I decided is not for me but the crypto coins trading is tempting because of the big profits. I shall see, plenty of luck
it's a little bit risky for me :D Great post!
No risky, no whiskey :))
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That's too much money to comprehend for me.