Tfw just successfully traded with 100x leverage

>tfw just successfully traded with 100x leverage

fuck this is addicting

>addiction

Yep, you will fuck up

on which exchange can you use 100x leverage?

Is it just me or on bitfinex you can only get a 3.33x leverage?

bitmex you filthy degenerate
good "luck"

can you explain to me how this works? how much money do you have to front? if say i wanted to go long ETH with 100x

t.brainlet

degenerate, i like it, what did u trade OP?

as long as your stops are tight and you're entry timing is perfect you're sound mate.

>first omg google pic comes out
>larp that i asap ×100 on 233k
>goes to 295k
>mfw

Next time im doing it for real

Lets say you have 1btc, you can buy 100btc on 100x leverage

However, if you lose 1%, you will get a margin call and they will take you btc

if you go up 10%, well done you just turned 1btc in 11btc in a few hours

but if it goes down 20% will they only take my whole BTC? i wont owe 20 BTC?

You get margin called at 1%, it never gets to -20%

Sure user heres 99 BTC dont worry about paying it back

yes

this is why you never go all-in with such high margin, it's a deathwish. use less than half of your collateral

Nice I didn't see this pump coming had to close for a $299 loss

so all bets are off when the commodity in question drops 1%?

if i leverage myself 100 x and it goes down 20% how can they take what i dont have, i've only put down 1 btc in this scenario? do i just owe them or do they call it off at -1%?

I made so much money on 20x and then lost it all, over and over. You forget when to stop

yep, you will 100% lose everything if you continue to trade with such high lev

they liquidate you before you cant pay

HURRR MAYBE IF I ASK SAME QUESTION TWICE ANSWER WILL BE DIFFERENT

They'll chase you up using the details you registered on the exchange with.

Too much of a risk desu.

You can't 100x shitcoins

thanks OP. you just got me into this gamble

will be rich or fucked

Isn't what you do literally gambling?

Not to be "that guy" but define gambling

taking a risk for potential gain?

Margin call means put in more BTC to maintain your position, if u can't they sell ur position and u lose ur 1 BTC with the price going down only 1%

i lost all margin trading with 3x leverage

I'm interested in margin trading but I live in burgerland

>taking an unpredictable risk for potential gain or loss?
FTFY

Bump

>tfw just successfully crossed the Autobahn and didn't get hit by a car
fuck this is addicting

lmao. this is how you know this is a bubble. bunch of 14 year olds trying to be wolf of wall street.

My new favourite expression

I'm pretty sure risking losing it all on each trade is pretty much a surefire way to, well, lose it all.
Well, i guess you will be able to boast that you only did one bad trade in all your career, which will be true :DDDDD

Wait, is that what they meant by "trading is like gambling" and "people tend to lose everything in the first 90 days" ?
So when they called certain types of trades "gamblers", it wasn't a flowery metaphor.