Just got a call and message from Shawn Hagerty from MSD this afternoon. Going to follow up tomorrow and post what he has to say.
Followed up with Mr. Hagerty, he had the following to say: - Kenneth Slaughter no longer has counsel, his attorney withdrew
- Slaughter has been uncooperative with the MSD investigation and absent from scheduled meetings/hearings
- Because of his non-compliance, he has lost the privilege to an appeal for the cease and desist order
- Hagerty will recommend to his superiors at the MSD that enforcement and restitution occur
- If the Commissioners feel that restitution is necessary Slaughter will have the right to a hearing if he schedules in a timely manner
here is Shawn Hagerty's contact info for a more thorough explanation: Shawn HagertyInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-526-3901 I guess this now proofs his stupid "I avoid problems and communication about them" as a real stupid character sign. What does he think to get from hiding? Is he avoiding reality? Guess we have to make a character check on each bitcoin entrepreneur before someone invests. *sigh* |
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I think i get it slowly how to trade successfully. Though the problem is that profits are reached slowly while losses are reached very fast. The problem is the fee. Without the fee the risks would be the same in both directions. So in order to make a profit its good to trade with lower fees. But it seems i cant avoid it, even when watching closely to only put in orders between margin buy and sell prices, that i buy into the market as taker. And this brings a hit on my profits. I would like to avoid that but i dont see a way. Bitfinex only has this interface and the API seems to be restricted on the amount of requests doable per minute. So theres always a risk. The only solution i see is an option like "dont fill order as taker". Thats it. And i think it shouldnt be a big change in code.
Please think about this since it really hurts having to pay the taker fee. I mean one has to take a good jump in price only to get back the taker fees of a buy and sell order. As a closed trade cycle. I think this should be doable since bitfinex has an interest on market makers too. Thats why the maker-taker-fee-model exists.
The way most people avoid this is to price their orders more aggressively. If the market is trading around 210-211, I would suggest putting in a buy at 208 or a sell at 213...it is a balancing act, because you do want to get filled, but you don't want to pay higher fees. This is all part of what makes trading such an inexact science or a demanding art. I do think that it is an interesting suggestion to include an order type that says "maker or cancel", or something like that. The implementation might be a little tricky, because you have to go through the whole matching process in order to know whether you should cancel the order...and it could be used to try to gain information without risk. In traditional finance, lowering the costs associated with trading is one of the main ways that people increase their profits, but it is not very easy, usually, and comes with the same balancing act of speed of execution vs cost of execution (sending an order to ARCA vs a darkpool, most traders know they could get filled on ARCA, but use it as a last resort). Sounds good that you find the idea interesting. Information leaking shouldnt be a problem because if you mean hidden orders then one can find it out with an automated miniorder too. I mean if there is a hidden order. The thing is only that its pretty hard to collect some profits when you hit the taker fee. Regarding the trading on the own exchange. I dont know how people think this can be avoided. I mean you guys own the exchange and it is on trust like with every exchange. There is no regulation of some kind that checks if you trade. So even if you all claim that you dont trade... nobody would know when you do. So at the end its nonsense to me to get loud about this. So im not sure what people await. Did they trade on bitfinex and never thought about that its unregulated and without state regulation or are those only the kind of persons that try to make other businesses look bad. At the moment i only see something i never doubted that it exists and that i awaited. I wonder where this comes from. If there would be strange happenings or so. But as it looks now there are only bad thoughts in persons that believe other persons would have the same kind of bad thinking.  Anyway... as long as there is no sign that things are manipulated... |
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I think i get it slowly how to trade successfully. Though the problem is that profits are reached slowly while losses are reached very fast. The problem is the fee. Without the fee the risks would be the same in both directions. So in order to make a profit its good to trade with lower fees. But it seems i cant avoid it, even when watching closely to only put in orders between margin buy and sell prices, that i buy into the market as taker. And this brings a hit on my profits. I would like to avoid that but i dont see a way. Bitfinex only has this interface and the API seems to be restricted on the amount of requests doable per minute. So theres always a risk. The only solution i see is an option like "dont fill order as taker". Thats it. And i think it shouldnt be a big change in code.
Please think about this since it really hurts having to pay the taker fee. I mean one has to take a good jump in price only to get back the taker fees of a buy and sell order. As a closed trade cycle. I think this should be doable since bitfinex has an interest on market makers too. Thats why the maker-taker-fee-model exists.
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Still not possible to withdraw coins as an advertiser? Its not much for me but the explaination for this sounds stupid. Though i know it was brought in by previous owners. If it would be to protect against money laundering then this service could not allow anonymous deposits too. Simply because someone can turn advertising money into profit elsewhere. If he knows how.
Though maybe this service is dead anyway already since >120 days no post?
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I have some questions about margin trading amounts:
I have $4300 USD in my trading account, hence $4300 margin balance. With 3.3:1 leverage, I should have a tradable balance of $14190. OK.
I have an active long position on BTC. Amount: 50, base price: $210.50. So this means I've used $10525 of my tradable balance on this position.
As the maintenance margin is 15%, I need to keep 15% of $10525 -- $1578.75. This matches the required margin.
Ignoring unrealized swap. It's less than a dollar.
So:
14190 - 10525 - 1578.75 = 2086.25
This should be my remaining tradable balance, right? But it's only $1707.
Where did $380 go? And why is my tradable balance varying with every refresh? My maintenance is $1578.75, and that is static. My USD balance is $4300, and that is static. My already-borrowed amount of $10525 is static. Everything's static, how is my tradable balance fluctuating?
Maybe because you have a long position whose worth is changing. So you get in debt or get profit from it. Thus changing your further possible tradable balance. I believe the tradable balance isnt changing when you dont hold a position. |
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Is there a way to disallow taker orders unless i click on close position? I always use limit orders but sometimes it happens that i end up with the taker fee. Most probably because the pricetags changed in the time i sent my order. I would like to prevent this.
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Can a computer think? Can it be self-aware? If it is programmed to think or be self-aware, is it really self-aware? Or is it only programmed to act like it is thinking and self-aware, without being self-aware at all? Consider even a highly complex computer. The kind of self-awareness that human beings have is extremely different than the animals. It goes multitudes of levels beyond what any animal can do. The actuating of it may "tickle" untold numbers of dimensions that even the mindful thinking can't calculate mathematically or in any other way.  Then what are human childs then? Until they reach a certain age they cant recognize themself as themself in a mirror. So are they better because? Or are they still robots and you believe they get some kind of soul at the age of a couple years or so? Or what about humans that are disabled in their mind? Maybe they dont have action in the certain brain areas you think of making up some kind of material soul. Would you hurt them and claim that the pain reaction is only robotic since he cant feel anything in reality? On the other hand... if there are lifeforms so highly developed that we look to them like animals... would you like they speak about you as being some form of robot? Your pain is only an illusion? I would like to be something better. If iam the "big brother" in nature then i have to care. If iam wrong then nothing happens. If youre wrong then you most probably would have done things you would prefer not having done. Or at least in another way. The thing is... humans are good in deciding that other life is worth less. They did even with other human colors, races and so on in the past. And they even believed it. For example humans with darker color. They were put into zoos, preparated after dead and so on. Yes, they believed they are no humans. Im not saying its the same. But what you say sounds to me like a similar mindset. Its maybe easier for you but from my view its very arbitrary. You decide to make a border and you decide that something looks the same but there is a hidden reality behind it that makes that the pain reactions are only robotic reactions and no real reactions. Simply arbitrary. Anyway... i think you might have your reason why its important for you to think the way you do. |
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Is there really no way to find out for what price last trades where traded? Its hard enough to check when a trade is executed at all since the trades doesnt vanish on its own. But at the end you only have the margin balance. You cant see for what price and which fee the trades happened. I think thats not helpful.
I don't understand. If you are talking about the general "last price", it is displayed at the top of the page, as well as in the tab. If you are talking about your own individual trade, you have history for all orders you placed, and trades...so I don't know exactly what the question is. If you can give me examples, I'll be glad to help. Now i found it. I simply didnt looked in the settings menu.  |
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Is there really no way to find out for what price last trades where traded? Its hard enough to check when a trade is executed at all since the trades doesnt vanish on its own. But at the end you only have the margin balance. You cant see for what price and which fee the trades happened. I think thats not helpful.
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Im still not used to the thinking pattern you have to use with margin trading. I mean when you trade bitcoins then you have offers to buy bitcoins and offers to sell bitcoins. Its easy to get. But with margin trading you have something different. The price of the product is practically the same like the bitcoin. Though when you buy the product you pay more the higher the price of the item is. Though its the same when you buy the product in the negative and when you buy it in the positive. Then there is only one orderbook. Bids and Asks. If you sell a margin then your order is put onto the ask side? when the price is lower or you buy into the bid side wenn the price is higher. And when you buy a margin then its the opposite. Then you have to observe the real bitcoin price. But still you pay the same price for margin sell and buy. Its quite confusing even after 2 days. And since the layout isnt updating fast, it might be that i mixed the orderbook sides. I dont even know if i should stay close to the ask or the order sides price when selling or buying with a limit and not wanting to buy into existing orders. Its hard to see it as one product only. Maybe it takes time to get used to this thought pattern. The total lack of a transaction history makes it hard to see what happened too. I only see the endprice but i dont know at which price things sold, what fees applied and so on. I think for an exchange this old its something thats not cool. Especially when i think about all the fees that bitfinex earns already only with margin trading. I keep on getting disconnected/ logged off from web platform. This is occuring pretty ofen, sometimes right after i Login. I am using 2FA, and have been using it since it was implemented. No one has access to my computer, and security is a priority of mine.
Is anyone else experiencing this?
I only had this once today. And the page was opened for hours. |
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So what do you look at when trading?
Or: the highlighted amount of coins you are going to buy or sell, say " 1", yuo redo into "2" and after clicking "buy" or "sell" you discover that 21 coin order was executed. And you are rightfully pissed, because that is NOT what you intended to do. You need to be prepared for that as well. Yes, that might happen if in haste. And i think the bitfinex interface isnt the best. Its only partly automated by javascript. You have to reload the whole website in order to know if your order was filled or is still valid and so on. Its not really helpful if seconds count. |
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What kind of indizes are useful for finding out in which direction the market will go? I thought maybe the amount of coins traded on exchanges in one or the other direction. But then... it might not work when the orderbook is empty on one side because the course came from that direction.
Some say bitcoin can be predicted with charts relatively good. I dont see that so much. I think especially the bitcoin price includes much emotions since its not the highly educated chart analyst who trades mostly, so that the rules apply as a self fulfilling prophecy but its more noobs in that area that move the price.
So what do you look at when trading?
It needs work, learning a lot, experience, understanding, bitcoinwisdom, good health, strong nerves, good planning and money and time management and luck. It always helps to be in phase with what is happening. ut there is no better way to learn by doing. In a year you can be a trader. Prepare your entry fee. edit; With increasing experience you can tell when, where and how is a move going to happen. Acting on it is harder. Three things stay in your way: your hesitation and decision making, your courage and your exchange. The exchange is going to get in your way in major and unpredictable ways throwing obstacles under your legs, yuo have to click here, click there and even then the order does not pass... so good planning is advised. Especially for the beginners. P.S. all good traders paid their initiation fees, except Warren Buffet. Warren Buffett does not trade. He buys. Thanks for the tip. As of now my biggest hurdle is the emotion. Its hard to hold back if you feel there are chances that go away if you dont act. I already paid for this. At the moment i often force me to do something different just do learn to not let emotions come into way. Its harder the more youre involved. Its like addiction at some point. But i think decisions on that should be made with only a little bit emotions involved and very much facts instead. |
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What kind of indizes are useful for finding out in which direction the market will go? I thought maybe the amount of coins traded on exchanges in one or the other direction. But then... it might not work when the orderbook is empty on one side because the course came from that direction.
Some say bitcoin can be predicted with charts relatively good. I dont see that so much. I think especially the bitcoin price includes much emotions since its not the highly educated chart analyst who trades mostly, so that the rules apply as a self fulfilling prophecy but its more noobs in that area that move the price.
So what do you look at when trading?
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To be kind and gentle, (even with the 2 month late in the dividends) is it possible to have a financial update (in $ or BTC) about our investment ?
You cant expand in this game with a dividend payment of a few thousand dollars. You need 10s of thousands to make any significant expansion in the marijuana cultivation business. Debt free..haha, I should hope so. Its not a real business guys...its a hobby that makes some money on the side. Anyone can do it, therefore you wont get any real investors being amateur growers at best. It would be great to see a little bit of this money on the side  especially if they buy BTC now. I hope they wont. It looks like the market is in some kind of panic. Buying bitcoins now will lead to loss practically sure. Thats why i bought some shares from this venture. Its only losely connected to the bitcoin price. |
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Is the trailing stop working at all? I shorted a coin, it showed up as -1 btc as a position. Then i created a trailing stop that was 1 btc above the current price. That was 238.71$. But it showed up as 472.01$ in the order list. I dont know if the price changed over time but it didnt look like it matched a sell at some point. Even though im sure the price dropped, good enough, but then raised more than the 1 btc again. The coin wasnt sold.
So am i misunderstanding something?
No i tried it with a long. Again around 1btc difference. Now the price shows up as 0.98. Might be the difference. But still strange and wouldnt make sense for the other order.
It looks to me that you set the delta to $238. A trailing stop would trail the price by a fixed amount, so if i wanted to buy at 230, i might put a trailing stop for $5 (this would mean my stop would activate if the price dropped to $225), but if the price rose to $240, the stop would now activate at $235...in other words, it will continue to always be 5 dollars less than the current price (bid or ask depending on the side of the position, long or short). This can be useful, because it allows you to basically control your losses, which is what stops are meant to do, BUT, you might catch more of the gains, because it will change as the price changes. Hope that made sense, let me know if you have other questions. Ah, thats how it meant... to be. I thought it takes the actual price and calculates the difference itself. I might have get the idea of what happened myself though. If i bought through margin trading then i have this active position. I can close it. But can i create close orders like stop loss or take profit orders? I only see the possibility to buy long or shorts with these order options.
There should be a dropdown menu for order type which will let you select between Limit, Market, Stop, Trailing Stop etc I know, but this seems to be only for buying into a short or a long position. What about when i already have bought into and want to set rules when to close my position? I mean when it would be only one product then there would be buy and sell forms. There are only buy forms and a link to close a position. Or can i use the buy forms to close my position too? You would be using stops or trailing stops in order to protect against moves against you, you would use a limit order at your target price, you can use OCO orders (one cancels others) in order to avoid having both orders sent. When the stop is activated, if it is set up as an OCO, it would automatically cancel the order it was linked to. Yeah, it works. Though i wonder how i can achieve the following: I buy a long position. Then i create a stop loss for the same amount. But if it goes into that direction then i want to create another order that buys the same amount in the other direction, only a bit lower. So that iam in a short position of the same size at that point. If i would try to create a limit order then it would sell my actual position instantly. I could create another stop loss maybe. Though it would buy at market prices and with higher fees then. And thats my second question. Can a stop loss be made to sell with a limit? For example setting a stop loss for selling when price goes under 230usd. The stop loss should sell then with a limit of 225 and when it goes lower than that then it should sell at market price. Anything like that possible? I noticed that the fees are a big factor when trying to make a profit since the fee is for the borrowed money, so a multiple of the fee that it would be for the money only you own in your account. Has bitfinex the lowest trading fees for margin trades at the moment? |
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Check out btc.sx (if you want a referral link let me know)
Interesting but i think the fee is very high. A multiple of the fee of bitfinex. The thing with margin trading is that you have an amount of money you own and a multiple you trade with. You pay fee on the traded multiple volume you borrowed, so it adds up. And you practically pay it from the money you own. So i think it will be a bit hard to make a profit because one needs bigger changes in price. I might be wrong. I only noticed that margin trading on bitfinex already is hard because of this. |
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The trailing stop doesnt work for me. It doesnt trigger. Probably because of a wrongly calculated price.
Something that is needed in the website is a better javascript. Its not good that orders that are filled already still show. Only the prices are automatically updated, all other things stay until you reload the website. I think that should be made more userfriendly. The way it is now someone might think an order isnt filled yet while in fact the website only isnt updating such elements.
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I have a question about the blockchain.info wallets. Some months ago i created 8 wallets for relatives to make them known bitcoins. Now a relative is asking me why he cant login anymore. The login page shows that i should put in the code for the wallet. When i do it i get the error message: ""Authorisation needed. Please check your mail" or so. The mail account attached to this doesnt show the emails anymore, which i dont understand since i deleted the spam mails and let the other mails live. Though i only find the spam mails in bin.
Anyway. When i try to recover then i put in the mnemonic code and it shows me the password. Unfortunately it doesnt matter when i dont get a formfield to put the pass into.
Then i tried to resend the activation email. Only thing is... it doesnt show up in my mail account.
Is web.de having a problem with bitcoins so that it deletes such mails without warning?
I dont get it.
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Is the trailing stop working at all? I shorted a coin, it showed up as -1 btc as a position. Then i created a trailing stop that was 1 btc above the current price. That was 238.71$. But it showed up as 472.01$ in the order list. I dont know if the price changed over time but it didnt look like it matched a sell at some point. Even though im sure the price dropped, good enough, but then raised more than the 1 btc again. The coin wasnt sold.
So am i misunderstanding something?
No i tried it with a long. Again around 1btc difference. Now the price shows up as 0.98. Might be the difference. But still strange and wouldnt make sense for the other order.
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I wanted to find out which exchanges offer margin trading. Bitfinex seems to be the best choice, because they look relatively safe. But then there is kraken which claimed margin trading, though they did cancel it?
I found okcoin.com and okcoin.cn? too.
I have read of exchanges offering leverage of 50:1 or even 100:1 too. Compared to the 5:1, which bitfinex offers, it sounds very much. What kind of exchanges offer this leverage? At least, if not properly secured, this could bring big problems with these kind of levers. I mean big amounts of value can vanish and being created this way.
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