Sold .5btc worth of XBTUSD at 4360 - 20x leverage --- This market is feeling awful toppy --- going to see how this trades tonight could be a quick move or a long hold probably a quick move --- i can never sleep with bitcoin short futures in my account --- Best of Luck... Should retrace to the 50% hear sometime in the near future can't go straight up!
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Hit my stop loss --- not the top yet... Holding out here for a minute with -.08 btc loss so far. Going to reshort another 100-200 from now - i think 4500 will be a big sell wall
Trade active
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Back in here for .75 btc at xbtusd 4340 20x leverage i think we are dumping now
Trade closed manually
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Covered my position at xbtusd 4010. 175 percent gain on .75 btc. Lock it in!
Other than being on crack, the reason you can't sleep is you have on too much leverage. Think for a second. If you had a million dollars to trade with, would you need to go on 20x leverage??? You need to chill out, reduce your leverage to maybe 5x or even lower, get yourself some sleep so you can be normal again. It's never worth sacrificing your health for your job, or even to make some side cash trading. Everyone on here is going to tell you you are overleveraged and going for broke. Now, I have no problems with you taking on that much leverage going long on the 30% dips that BTC has. Since that is the dominant trend and if you believe in bitcoin in the long run, and I think everyone on here agrees btc will hit 7500 soon. Shorting is much more difficult with bitcoin, it only falls 30% but each ride up is like 100%+. Take your profit, you can only expect 10% impulses at a time. Good luck and be careful with that much leverage! You could be bankrupt overnight! Or rich overnight. But you'd rather make sure you can stay in the game instead of putting your home and family at risk.
TheRealSoothaa
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@josephtse, You obviously have not been following this guy. He knows what he's going. Also: he risked a whole 0.75 BTC...
shayk47
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@DavidSoothaaMalson, Yes I have over 50 btc in coldstorage now --- I just hedge myself with max of 1 or 1.5 bitcoin plays at a time. Super leveraged. I'm net long but try to add to my bag when we get "Toppy" i also buy leveraged long when we are breaking out. I have gotten lucky --- but I was a professional trader at a big bank for stock options for 8 years. I trade bitcoin for the last 4 so I just post my picks here for whoever wants to follow them. If you like then thumbs up me and follow if not then go post your own charts --- doesnt bother me. Hope a few of you caught that 185% ROI in 1 day
TheRealSoothaa
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@WolfofCoinStreet, it sure shows your picks are always so good - not sure if you saw my other comment but I really hope you'll consider using the upcoming 1broker Crypto trading platform, you'll make a lot of money off those copy bonuses, I would copy you for sure!
TheRealSoothaa
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You are just so good at this! I really hope you'll consider using the upcoming 1broker Crypto trading platform, you'll make a lot of money off those copy bonuses, I would copy you for sure!
Allen4083
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Good call on that top. Shorting as well at 20x, good luck to both of us
SammyOne
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Yes. Fingers crossed!
UnknownUnicorn981629
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This is crazy! How much margin was required for that 20x? This thing has gone straight up since day one! What tells you its looking toppy?
shayk47
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@TElphee, I have always shorted during this big hype areas abnd have been pretty good at calling the top. Looking at rsi, bollinger bands, and fibbonic numbers --- it comes down as fast as it goes up -- just have to be their when no one else thinks thats the right time!
josephtse
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@WolfofCoinStreet, good call. Please tell us when you think btc is going to go up and how much you plan to leverage when it goes up!!! 100x???