It's good to be back! DayTrading Live this morning and locking down an easy breezy $1000 dollars in profit. Its amazing how much easier DayTrading is when you just focus on the rules and do what you need to do. Today $RSLS was just a beautiful short opportunity and it ended up just getting crushed exactly like we planned.
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Patrick, I support you, . There is something very spuckie about this tradenet. Just attack whoever is doing bad video about them. Dont get heated up to much, it shows them weakness, they want to see that and motivates them. I hope they wont do anything stupid physicly, hope its just a law suit or less
i feel like the longer you have been trading the easier it is to quickly see patterns youve seen before,. and make pretty good predictions. honestly the best advice for new traders is to trade small and test the waters, though big losses can mean big lessons. idk like you said hindsight is 20/20 ive seen head and shoulder patterns disappear only to reappear again later, timing is everything.
+Patrick Wieland Sorry - just envious of people who can short. Can't do that on my system and ATM it looks like it's way more profitable plus
RSLS looked good for it. I had a few too many beers last night and I got cryptic :)
He’s living the dream ! Works for himself, gets paid from YouTube, and his mind is always cranking . This guy is going to be a self made millionaire eventually through multiple revenue streams. Respect to the motivated
Magnr is a handy cross-platform trading site connected to a few big Bitcoin exchanges. Accounts never require any personal data or identitiy proof. So signup is quick and possible with anonymous data.
Leverage is available at Kraken up to 5x for several cryptocurrency pairs, including bitcoin. The fees are depending on the volume of the margin account.
Bitcoin can be traded on GDAX up to 5x leverage. The margin trading option must be manually turned on the account in order to make sure the users understands and reads the associated risks.
Margin trading is basically borrowing funds to purchase an asset, this allows you to buy more bitcoins that you would normally be able to do normally in the hope of making bigger profits on the price movements.
Advantages of Margin Trading.
The biggest benefit of margin trading is that you can take advantage of the additional funds when the market moves in the direction you expected. The overall profit of the positions once the bitcoins are soled and the loan is repaid is significantly higher compared to an ordinary trade execution.
Disadvantages of Margin Trading.
The disadvantage of margin trading is by nature the amount of risk a margin account can hold. The higher amount of leverage you take the bigger amount of money you can loose in case the market moves in an unfavorable way. Due to the margin call, the margin account must be funded countinuesly that involves significant amount of liquidity. It is only advisable to trade on marking if you have enough experience already on the market. To mitigate the associated risk, many trading platforms only offers limited amount of leverage trading opportunites.