Kraken: How to open long and short position at same time?

[WazY]

Hey guys

I would like to open long and short position at the same time in Kraken. For example,
0.5 BTC short position with 2x leverage
0.5 BTC long position with 5x leverage

Is it possible to have short position and long position at the same time in Kraken? 

Thnx

[GreatArkansas]

I don't think so, I think you can't do it in Kraken, just like on Bitmex if you will open a short and long position at the same time with the same account.
I already tried this method on some exchanges, it's on Bitmex before, but what I did is I created a new account, so I can long or short at the same time, but I do not do that always. The reason for creating a new account before was because sometimes I am using a crossed leverage position.

[LUCKMCFLY]

Yes, you can, but the opposite is preferable, you open a Long and with another account you open a short with a leverage of 10% this strategy is to protect your position and always be in the market whatever happens, but it is something that you must be stuck to the PC, this is something that Jesse Livermore applied. Of course you must be very careful.

[tranthidung]

I don't think so, I think you can't do it in Kraken, just like on Bitmex if you will open a short and long position at the same time with the same account.
I already tried this method on some exchanges, it's on Bitmex before, but what I did is I created a new account, so I can long or short at the same time, but I do not do that always. The reason for creating a new account before was because sometimes I am using a crossed leverage position.

On Bitmex, what you did is good. It is better if you use different 'guns' (accounts) for your Long or Short positions. It is simply said but with different leverages, you will have different algorithms or formula to calculate entry and exit price and apply it to real trades.

One account for x5 leverage, another account for x10 leverage for Long positions.
Another 2 accounts for Short positions.

I don't use more than x10 leverage for my trades. Above method is before KYC requirements on Bitmex.

Some good guides to trade on Bitmex for OP:

• The Idiots Guide to Margin Trading on Bitmex
• Bitmex Advanced Margin Trading Guide 2020

[WazY]

Cheers guys 

[YOSHIE]

I would like to open long and short position at the same time in Kraken. For example,
0.5 BTC short position with 2x leverage
0.5 BTC long position with 5x leverage

You mean by using (leverage) loan funds and you open / invest every 0.5 btc Bitcoin in short and long term options.

Indeed the trading method against Bitcoin is often used by people through the two paths 'short and long'. If you are able to control the movement of Bitcoin prices per second and hour, no problem, but if you are not good at trading using leverage, your risk is very high, you can be destroyed that way, borrowed funds.

However, if you understand and understand in crypto trading the two methods are good to do, the benefits you get from short-term investments you can cover the long-term leverage, both of which you do depending on your knowledge in the world of trading, analysis, prediction, thoroughness and control.

If my advice to you OP, if you have 1 Btc leverage, you do one thing, which is a long term investment when bitcoin breaks high prices and sells and all assets and leverage are returned, profit from the long term, you can use the 'short and long method, you avoid burdens and problems.

[cryptoaddictchie]

Yes, you can, but the opposite is preferable, you open a Long and with another account you open a short with a leverage of 10% this strategy is to protect your position and always be in the market whatever happens, but it is something that you must be stuck to the PC, this is something that Jesse Livermore applied. Of course you must be very careful.

In what exchange this could be done? I'm only Using Binance for leverage trading. Is it possible to do it on a single coin? Like open in advance a leverage short order and long position at the same time. I think different set on coins is possible but with a single leverage with 2 different position isn't good strat cause its contradict your prediction. Its like betting on 2 different sides and gamble on which one is gonna ruled out.

[slaman29]

I think most exchanges banned the practice quite a while back, I know they even banned it during the forex era before Bitcoin since a lot of bots were just doing trades both ways during those crazy volatile swings and just kept opening small positions both ways with tiny pips.

As LUCKMCFLY posted, though, easy to "hedge" that with a leveraged position in opposite direction. Or just do it across 2 exchanges.