A close friend. Not random people as others have suggested. They have witnessed my trading and know that I am profitable so they feel comfortable with me trading their money.

Easy, bub. Why would I accept a loan? Because that gives me more capital to trade with. The more capital I have to trade with the more profits I can make.


I am simply getting the opinions of other traders on this matter. I shared how I would divide profits and now I would like to see how others would do it. Also, this has literally nothing to do with being a good trader. I don't see how any of this is shady whatsoever. And the fact that you cant understand why taking a loan would be beneficial tells me you aren't so great at figuring out how profits work yourself.

Hello. I've been quite successful so far in my trading endeavors. So much so that I've been offered a decent amount of money to trade with if I split the profits 50/50. I just have some questions on how I can go about doing this carefully.

How can I ensure that I am keeping track of when I am using their funds and when I am not? I guess I could always open a second trading account which would keep the funds separate, however, this would be a bit of a pain having to sign in and out of multiple accounts.

If I added the funds to my own account how can I keep track of profits? Could I calculate the percentage of what the newly added funds are compared to my current funds? And if I need to cash out or share profits in the future, I would take that percentage of my total funds and remove them?

For example, if I currently have $10,000 and am loaned $3,000, bringing me to $13,000, could I take the percentage of the loan (23%) and multiply it by my ending balance? So,if a year later, my ending balance is $37,245, would taking 23% of this balance ($8,566) provide me with the correct amount of funds? Then take the 50/50 split profit amount ($4,283) and send it back to the loaner? Does my math seem to add up?

Thanks.

Edit: Just so everyone knows, a close friend of mine has asked me to trade with some of their money. They have witnessed my trading and know that I am profitable. It is NOT a random person as others have suggested on this thread. Either way this does not matter and I would like to keep the discussion on topic.

I am not looking for a chart. I am looking for something similar to this site:

https://coinmarketcap.com/all/views/all/

You can see the % change for all currencies in the last three columns. I am looking for this but in the 15 minute time frame.

I am looking for the price change percentage (this is the last column on the site that you provided). Rather than the 24hr change, I would like to view the 15 minute percent changes for currencies. This is a great way to spot breakouts before the real FOMO kicks in.

Most sites only have 24hr or 1hr intervals. Anyone know of a site where i can see 15 minutes? If not, does anyone know how I can get this information myself?

Hello. I am looking for a site that lists live prices for all cryptocurrencies. I would like to see the percent change in price for 15 minutes. I found the site a few days ago but I cant for the life of me find it anywhere now!

Would this be acceptable? Am I able to take the end of year balance of all of my currencies to submit for taxes?

I worry about using API's. I do not like the idea of giving my login info to a third party. I know it would be very unlikely that anything would happen but you never know. Sites get hacked all the time.

I have tried using the CSV imports with some of these tracking sites, however, as I mentioned before, some of my trades can have 50+ transactions each. Most of these sites provide a limit to the number of transactions before charging you. And the "unlimited" plan for these sites can be VERY pricey. This is why I am trying to find a way to do this manually.

Hello - I have been trading a lot recently and am worried about keeping track of everything for tax purposes. I have received a lot of suggestions that I should manually track my trades, however, this is tough when making multiple trades per day.

The problem is that my trades make up multiple smaller trades. For example, If I buy 10 BTC, this will fill dozens of smaller orders, all at different prices. I have seen some of my trades consist of 50+ smaller trades! How do I keep track of my profits and losses when there are so many trades? I have exacted my trade data from the exchange but it lists several thousands of transactions per month!

Are there any easier ways to do this?

Yes, but you can transfer coins from Binance to Coinbase and cashout there.

Hello. I am having a hard time understanding why anyone would use Coinbase Pro for trading compared to Binance. What am I missing?

Coinbase Pro's fees are 0.5% for transactions below $10k. Binance charges 0.1%, or 0.075% if you have BNB. So if you made a $5,000 trade you would pay a $25 fee on Coinbase Pro and a $3.75 fee on Binance. What am I missing here? Why would anyone trade on Coinebase over Binance? How can they be competitive charges such high fees? Thanks.

So borrowing is not the same thing as leverage trading? The reason I ask is because i have the margin option on Coinbase, however, it only lets me borrow 2x of my total assets. Coinbase says that they offer 3x, which I cant seem to find anywhere.

Thanks! Another question. If I set my stop loss at $7000, then I cant be liquidated, correct? So what exactly is the drawback of margin trading? Im guessing the increased fees?

Hi everyone. I am having trouble understanding how the margin trading on Coinbase works. If I deposited $10,000, Coinbase gives me another $10,000 to use for trading. What I dont understand is how/when I can become liquidated and what happens if I do. For example, if I buy in today at the current Bitcoin price with $20,000 (using my $10,000 and their $10,000) at what point will I become liquidated? How can I prevent this? Where would I have to set my stop loss to prevent this? I can't seem to find any information on this. Thanks!

I thought 3x was available on Coinbase? It seems I can only do 2x? Does anyone else have this issue?

Has this every happened to Binance?

Most of you are correct, I am talking about altcoins. I am really not that interested in holding any of them but I use them to accumulate more bitcoin as their returns are greater.

Lets use MATIC as an example. MATIC went up 300% in just a week (in december). It then dumped back to where it started in just a few hours! This is an extreme example of course, but it happens. If I kept MATIC on the exchange and set a stop loss I would have made out with some pretty awesome profits. Had I moved it to storage I would likely be in a deficit. So I guess the question is, is it worth it to keep your coins on an exchange so you can avoid price drops (like the ones weve had in the last few days). Or does the risk of the exchange somehow losing your coins outweigh this?

I mean, if you do a good job of securing your accounts (2FA, etc) should you really be that worried that an exchange could get hacked? I use Binance, by the way.

Common advice is to keep your currencies safe by placing them into storage. I feel this is risky considering coins have dumped to all time lows within short periods of time. The alternative would be to keep them on an exchange and set stop losses, however, this is also risky as exchanges or your account can be compromised. How do you manage these risks?

how do these compare to say Trust wallet? any difference?