One of Haejin's rules is no margin trading, it will bring your account to 0. With the volatility in cryptos, this is especially true. I only ever do it very short term when I want to put on a position and move fiat into the account later.
i have 8X collateral ratio.... bts would have to correct to a 80% or more for me to get margin called....im not really concerned plus with no interest its also less risky...when i sense a top...way before the top i close out my margin positions...wait to bottom out then reopen again.....haejin has his rules...i have mine...i have been trading crypto since 2010 and mining also fyi
plus i have an alarm set when BTS gets too low...if it gets too low i can close out my margin position in seconds with bitUSD in reserves or i can reduce my ratio all the way down for a force settlement...too many ways to skin a cat...
Margin trading in DEX is interest free. As long as you keep you ratios high then it’s less risky.
One of Haejin's rules is no margin trading, it will bring your account to 0. With the volatility in cryptos, this is especially true. I only ever do it very short term when I want to put on a position and move fiat into the account later.
i have 8X collateral ratio.... bts would have to correct to a 80% or more for me to get margin called....im not really concerned plus with no interest its also less risky...when i sense a top...way before the top i close out my margin positions...wait to bottom out then reopen again.....haejin has his rules...i have mine...i have been trading crypto since 2010 and mining also fyi
plus i have an alarm set when BTS gets too low...if it gets too low i can close out my margin position in seconds with bitUSD in reserves or i can reduce my ratio all the way down for a force settlement...too many ways to skin a cat...
Yes, with an 8x ratio, you’re pretty safe lol. I think for 90% of new traders out there, avoiding margin is a smart move.
yes that we can agree on as newer traders are greedy...me i do not need to be greedy as i have enough....thanks matthew for watching out tho brother