Hello,
I'm trading for months, but never did margin trading before and now I just want to understand how it works and what all the numbers mean.
I made a bitfinex account, deposited some satoshis and start experimenting with very low amounts to understand first what I'm doing.
A few days ago I was very sure the price was going to drop (a lot) so I figured I had to margin sell (mean selling of lended bitcoins right?)
Now, after a few days this is the result:
Can someone help me with what all the numbers mean?
These are my thoughts when I look at it:
1. same as number 2.
2. GOTO 1
3. That must be my great insight because it's green. Green means good. I could probably cash-in the 0,77 when I close my position, right?
4. Red means bad, but since it's zero it is good.
5. Don't know, but it is exactly point 2 and 3 combined. Since it's green it's probably good
6. Don't have a clue.
7. Some balance for additional trading, this number went higher when number 3 increased.
8. No clue
9. Probably the fee which is taken by bitfinex.
I'm sorry for asking stupid questions, but I'm new to this.
I just want to understand how it works and get filthy rich of it.
Edit:
Additional questions:
1. What I margin sold ,4000000 satoshis
2. Price when selling?
3. If market price goes above this my position is forced to close?
4. Profit! green = good!
5. Same as 4, but then percentage
6. Red = bad, but it's zero so it's good.
7. No idea.