I love Okcoin futures. It's the best one I've found. The iOS app makes trading so simple ( I use it exclusively )
20:1 is crazy but I have a good method/strategy
Care to explain?  The fee sounds high like on bitfinex. I found that its hard on bitfinex because you have to fight the fee first until you get into the positives. So you always have a disadvantage. I hoped its better on other exchanges with lower fees. How do you handle stop losses? Avoiding flash trading and finding real wrong decisions is a not so easy part i think. I think this thread should be moved to trading discussion. I dontt use stop losses, they are good at fishing them out and triggering them. With 20:1 futures your fee is already paid when you purchase the contract so that's it, (margin positions are different). Shitty thing is with 20:1 your liquidation price is a $10 swing. With that being said I always build my positions slow at diff price points, continuously adding. So your risk strategy is "betting" a small amount only each time? Which percent of your total amount of available money you set? What does the fee is paid already mean? The 0.2% is paid one time only for the leveraged amount of money? Looks like i have to change okcoin then to CFD right? I build my positions slowly to prevent a margin call. I never go all in with 2 orders, that is what I have learned in the past from mistakes. I usually fill orders 10-15% at a time, but there are exceptions such as that failed dump that happeneds this past Wednesday which I knew it wouldn't go much lower, so I grabbed 400 contracts at 213 and had another order of 200 @ 204 (I knew there was no way it would go lower judging by the volume and no panic) so the risk was worth it. I just checked log history and it's about 396 santoshi to open up a contract of 3 I usually have about 4-5 orders filled before the market swings and I take profit. I'm ok with a 30-40% profit Coinbase pump was epic for me, rode it from 223 up to 294  Did you know about coinbase pump before? I have read that its important to check the news, mainly coming from china. Only thing is that i dont find a reliable place, where i could find the news that could change prices, early enough. are you referring to the exchanges like bitstamp?
In general yes, though its a special case because its possible here to earn money when trading against a rising bitcoin price or against a falling bitcoin price. On top you can bet more money than you have. That means higher risk but possible higher return too. I would not suggest trading it before you really learned without risking money since its risky. I saw the Coinbase news, I didn't think it was gonna pump as hard as it did |
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NotLambchop: Why do you waste your time and other's time here? What are your motivations? Saving people from buying bitcoin?
The second a rally happens and his buds get squeezed he will be mia for a bit. |
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...
Painite2.jpg[/img] Does not look like much does it? Now is it worth more then Diamonds?
Worth more than diamonds because limited supply, just like my grammy's farts and Bitcoin. My grammy's farts are worth more than both painite and Bitcoin tho, 'cos grammy is dead and only a single fart, hermetically sealed in a Mason jar by qualified rarereologists, remains. Never cease to amaze me |
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I love Okcoin futures. It's the best one I've found. The iOS app makes trading so simple ( I use it exclusively )
20:1 is crazy but I have a good method/strategy
Care to explain? The fee sounds high like on bitfinex. I found that its hard on bitfinex because you have to fight the fee first until you get into the positives. So you always have a disadvantage. I hoped its better on other exchanges with lower fees. How do you handle stop losses? Avoiding flash trading and finding real wrong decisions is a not so easy part i think. I think this thread should be moved to trading discussion. I dontt use stop losses, they are good at fishing them out and triggering them. With 20:1 futures your fee is already paid when you purchase the contract so that's it, (margin positions are different). Shitty thing is with 20:1 your liquidation price is a $10 swing. With that being said I always build my positions slow at diff price points, continuously adding. So your risk strategy is "betting" a small amount only each time? Which percent of your total amount of available money you set? What does the fee is paid already mean? The 0.2% is paid one time only for the leveraged amount of money? Looks like i have to change okcoin then to CFD right? I build my positions slowly to prevent a margin call. I never go all in with 2 orders, that is what I have learned in the past from mistakes. I usually fill orders 10-15% at a time, but there are exceptions such as that failed dump that happeneds this past Wednesday which I knew it wouldn't go much lower, so I grabbed 400 contracts at 213 and had another order of 200 @ 204 (I knew there was no way it would go lower judging by the volume and no panic) so the risk was worth it. I just checked log history and it's about 396 santoshi to open up a contract of 3 I usually have about 4-5 orders filled before the market swings and I take profit. I'm ok with a 30-40% profit Coinbase pump was epic for me, rode it from 223 up to 294 |
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I love Okcoin futures. It's the best one I've found. The iOS app makes trading so simple ( I use it exclusively )
20:1 is crazy but I have a good method/strategy
Care to explain? The fee sounds high like on bitfinex. I found that its hard on bitfinex because you have to fight the fee first until you get into the positives. So you always have a disadvantage. I hoped its better on other exchanges with lower fees. How do you handle stop losses? Avoiding flash trading and finding real wrong decisions is a not so easy part i think. I think this thread should be moved to trading discussion. I dontt use stop losses, they are good at fishing them out and triggering them. With 20:1 futures your fee is already paid when you purchase the contract so that's it, (margin positions are different). Shitty thing is with 20:1 your liquidation price is a $10 swing. With that being said I always build my positions slow at diff price points, continuously adding. |
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Longs finally over 15million  . Unfortunately shorts up 300 last hour |
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I love Okcoin futures. It's the best one I've found. The iOS app makes trading so simple ( I use it exclusively )
20:1 is crazy but I have a good method/strategy
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Ahh ok lol were the opposite, I'm used to waking up at 4am 4am rising? We used to call that farmer's hours. 7am? That's past my bedtime. Must be in bed before dawn Some of us used to consider eastern sunlight to be carcinogenic. Something to do with Doppler effect.  I work in post production (mainly commercials) so we up early and sleep late  |
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Good morning Bitcoinland. Missed a short-lived bump up soon after my bedtime I see. Dropped almost as fast. We're still up on the day so far though, so we'll take it. Mmmm. Coffee.  Wild guess, are you in Hawaii time zone? LOL No.... Eastern Standard, Toronto time. I used to play music in bar bands back in the 1960's, '70s and '80s. Didn't finish work until after 2:00 AM so by the time I relaxed and ate, bedtime was 4:00 or 5:00AM. After enough time the old biological clock got reset to a noon rising. Even though the old 6-nights-and-a-matinee business dried up in the mid-1980s (may as well be talking about vaudeville!) my old sleeping habits remain. I still wake up spontaneously at the crack of noon. Ahh ok lol were the opposite, I'm used to waking up at 4am |
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Shorts back down to 17,600 from 19,600.
Hopefully today fairs well
Interesting, I wouldn't expect that many margin calls from such a small price bump. I wonder if they simply closed out. I'm sure they were closed. I think margin calls are out of the question. Bids look good especially once it goes down past 210. I don't think there will be any cheap coins today. |
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Shorts back down to 17,600 from 19,600.
Hopefully today fairs well
Interesting, I wouldn't expect that many margin calls from such a small price bump. I wonder if they simply closed out. There was a big 12k contract ($100 contracts) margin order that got filled on OKcoin a few hours ago. thats a lot of money, even at a $1.00 swing |
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Good morning Bitcoinland. Missed a short-lived bump up soon after my bedtime I see. Dropped almost as fast. We're still up on the day so far though, so we'll take it. Mmmm. Coffee. Wild guess, are you in Hawaii time zone? |
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Shorts back down to 17,600 from 19,600.
Hopefully today fairs well
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i played that nicely once again
to predictable
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Hash rate is only up over 10 percent in the past day. Not a big deal.
10% is quite a bit |
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I used to love playing magic.. i started during arabian knights back in the day (was a fun time). I have a sealed/unopened box of the "Legends" series somewhere in my parents garage.
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i just absorbed quite a bit from that
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looks like close to 400 more shorts just opened up
 I don't think there will be a pump today, but the more shorts the better. When or if we do fall below 220 the squeeze will be more painful on the way back up |
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looks like close to 400 more shorts just opened up
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Should I buy now?  China must still be sleeping, when they wake up they will dump us back under 200 or maybe its a myth?They can barely keep the price below 220..that dump yesterday was a complete failure |
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