Marging trading $btc, some advice
Hi guise
so for a while now ive noticed ppl love margin trading, most of the retail plebs get the same idea, "wow! support broke down we ded SHORT x50!!". Huh well look at that, everyone else is short too look at funding! Im sure to win!
margin called.
"damn, well at least after we popped up this level we are gonna pump now, margin long x20 ill play it safe!" Huh, wow, everyone else is long too, look at funding this is great!
margin called.
"omg i dont get it, i mean were all going the same direction, i dunno whats up..."
"ok this is about to break down big time but i dunno if I should keep longing or shorting, im a retail idiot. and im not gonna buy alts cause i need the collateral for more margin calls..."
"ok imma wait for the funding indicator to go BIG TIME MAJORITY IN ONE DIRECTION AND ILL LONG IF ITS GREEN AND IF ITS RED ILL SHORT x100 TO MAKE IT ALL BACK!"
*the end*
I was wondering why alts drop on some btc moves, and beside the fact that, well everyone wants to be in btc, you gotta remember, all these noob, idiot retail traders, need that cushioning, cause you know they gonna keep adding and getting more rekt, just look at the chart for literally weeks, ppl doing the same thing over and over and over. I make some mistakes on too many trades, but damn man. If your gonna pick a direction, and add borrowing and margin, you better not be in the majority who is hunted severely. The bitmex premium indicator is one tool I use.
If you like to chart, and discuss markets, do message me, there are a few of us who do the same and I am always looking for more keen participants.
thanks and good luck.
ps the red hor. channals were from before we broke down and then pumped to 11k. they were where I thought price would go after breaking out of this range. As usual (i wasnt sure) we had a fakeout down, then facerip after everyone shorted. Now ppl just keep longing the "wHaLe BuY uP cAnDlE". Ill admit, im starting to sweat a bit cuase all this wasted btc should be pumping my alt trades. not paying arthurs insurance fund, and other whales who are gaming you.
so for a while now ive noticed ppl love margin trading, most of the retail plebs get the same idea, "wow! support broke down we ded SHORT x50!!". Huh well look at that, everyone else is short too look at funding! Im sure to win!
margin called.
"damn, well at least after we popped up this level we are gonna pump now, margin long x20 ill play it safe!" Huh, wow, everyone else is long too, look at funding this is great!
margin called.
"omg i dont get it, i mean were all going the same direction, i dunno whats up..."
"ok this is about to break down big time but i dunno if I should keep longing or shorting, im a retail idiot. and im not gonna buy alts cause i need the collateral for more margin calls..."
"ok imma wait for the funding indicator to go BIG TIME MAJORITY IN ONE DIRECTION AND ILL LONG IF ITS GREEN AND IF ITS RED ILL SHORT x100 TO MAKE IT ALL BACK!"
*the end*
I was wondering why alts drop on some btc moves, and beside the fact that, well everyone wants to be in btc, you gotta remember, all these noob, idiot retail traders, need that cushioning, cause you know they gonna keep adding and getting more rekt, just look at the chart for literally weeks, ppl doing the same thing over and over and over. I make some mistakes on too many trades, but damn man. If your gonna pick a direction, and add borrowing and margin, you better not be in the majority who is hunted severely. The bitmex premium indicator is one tool I use.
If you like to chart, and discuss markets, do message me, there are a few of us who do the same and I am always looking for more keen participants.
thanks and good luck.
ps the red hor. channals were from before we broke down and then pumped to 11k. they were where I thought price would go after breaking out of this range. As usual (i wasnt sure) we had a fakeout down, then facerip after everyone shorted. Now ppl just keep longing the "wHaLe BuY uP cAnDlE". Ill admit, im starting to sweat a bit cuase all this wasted btc should be pumping my alt trades. not paying arthurs insurance fund, and other whales who are gaming you.
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