Read this and feel better about your life
reddit.com
Sorry for linking reddit but this is a word of caution for all of you in margin trading. This is an unregulated market, dont play with fire too much
Guy loses 90k in 5 mins
Carson White
Alexander Taylor
This guy in this post is a dumb motherfucker. This stage of the Crypto Revolution is the pinnacle of dumb money getting into the market. This guy is pissed off that he doesn't understand the concept on margin trading and margin calls and got BTFO as a result of it.
tl;dr A fool and his money are soon separated
Hunter Watson
>margin trading volatile assets
Dumb fucks get what's coming to them.
Elijah Rivera
yea of course, but it doesn't change the fact that there could be insider trading on exchanges
that would be fine no?
Asher Hall
Margin trading makes assets volatile
Adrian Cruz
Nobody shorted BTC with high leverage and lived to tell the tale
Prove me wrong.
Adrian Collins
Honestly? It probably was bitfinex inside trading against their own order book.
Does that matter? No. This has to be factored in to margin trading something like cryptos.
Adam Harris
What he's describing literally happens on nasdaq. Only he got extra destroyed by the lack of circuit breakers and other means of stopping huge declines.
>they see your position and manipulate to take them out
Yeah, sounds like most nasdaq micro caps
It would be, and is isn't insider trading. It's basically market making.
Internal trading is a better term. Exchanges aren't trading on non public info, they're simply trading with info at a depth not available to the average trader. Again I see this daily on nasdaq
Carter King
o i m laffin
Luis Campbell
yup totally fine, the user who uses that site agrees to the terms, and terms state you are SOL if shit goes down, they are being nice if they reverse trades or provide credits or some shit.
Especially with margin trade lucky the guy isn't on the hook for millions.