Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,162,487 members, 7,850,677 topics. Date: Wednesday, 05 June 2024 at 07:09 AM |
Nairaland Forum / XaToXi's Profile / XaToXi's Posts
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (of 17 pages)
Investment / Re: Crypto Currency Investors Thread by XaToXi: 11:16pm On Jul 05, 2022 |
Goldbw122: If you use 100% of your capital to trade at 50x leverage, it will take about 2% dump to liquidate your longs If you use 50% of your capital at 50x, it will take 4% dump While 10% of your capital as margin at 50x leverage will require about 20% dump to liquidate you. And so on and so forth. You can also research on position sizing. 3 Likes
|
Investment / Re: Crypto Currency Investors Thread by XaToXi: 12:54pm On Jul 04, 2022 |
Omobola121: Responded. |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 12:13pm On Jul 04, 2022 |
Omobola121: It's not abandoned. I answer questions as they come. I can't be talking to myself there na |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 11:02am On Jul 04, 2022 |
Kingsteve: Well done. This here, is the reason why some people trade futures. It enables you use more money so that you can close deals faster even with minimal moves and re-enter trades more often. The 18k to 21k range covers a 14% to 17% deviation and can be safely traded at 5x max leverage without liquidation. This weekend, there was a scam wick to 18780 and a pump to 19465. That's less than 5% move in a day so at 20x max leverage, you wouldn't have been liquidated. Someone like you that knows when to enter, where to exit and point of invalidation to put your stop loss at, can't be liquidated if you use risk management too. You can DCA/ladder your entries 30/30/40 or 20/20/30/30 at those support levels and ladder the TPs at each resistance level as well. This is for those who say if it reaches 19k, it will get to 19k5 without understanding that those figures/levels have purpose. If you are using hedge mode at 10x leverage, your effective leverage will range from 0 to 5x depending on the weight you have on the winning side, 5x to 10x depending on the weight you have on the losing side, and 10x only when you have only one side open. That way, you can ladder your shorts based on the daily btc resistance levels and ladder your longs based on the support levels and then TP manually. Those who'd rather automate the process can just use spot or futures strategy/grid trading. 4 Likes 1 Share
|
Investment / Re: Crypto Currency Investors Thread by XaToXi: 9:01am On Jul 04, 2022 |
Kingsteve: Strategy/grid trading works on both futures and spot. It's a good way to DCA and compound your hodl bags by longing and shorting automatically, especially for those who don't know how to short. It's very crucial to set your range and grid width properly though, so that the coin doesn't move out of range and stop making money, in which case you will need to recreate it or another one. A grid width greater than 0.6% is also good to accommodate the trading fees. 2 Likes 1 Share |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 9:55am On Jul 03, 2022 |
Chikacha: |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 8:51am On Jul 03, 2022 |
coolqayy: You can start with btc as it has well defined levels and other alts follow it's movements. @Ibime mentioned the range to start shorting from earlier - $20k5 upwards. You can DCA/ladder your shorts in increments of $250, $500 or $1000 price gaps depending on your capital and risk management. @kingsteve also gives daily levels you can use to enter and exit your btc trades. 4 Likes |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 12:24am On Jul 03, 2022 |
Wahala for who no sabi short for bear market. Double wahala for who no even sabi futures at all. 13 Likes 1 Share |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 6:28pm On Jul 02, 2022 |
solreb: I second this motion. Newbies can start with a btc grid first. Use can use the auto mode that gives you settings based on Bollinger bands. If you like to do things manually and are looking mid to long term, you can set 13700 minimum and 28800 maximum as limits for a btc grid, then divide the range into $250, $500 or $1000 grids based on your capital. You can use 17250 to 24250 range for a short term btc grid bot. https://www.youtube.com/watch?v=iBK8GZCVpMs 1 Like |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 3:07pm On Jul 02, 2022 |
crazymommy: Lol. I already have. He has also shown full pics in the past so I'm not really bothered about his claims : https://www.nairaland.com/6318352/crypto-currency-investors-thread/2604#114010691 |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 2:59pm On Jul 02, 2022 |
Goldbw122: Some of them are available on futures as well, but it's better you buy the bottom in futures. If you still want to FOMO, spot is safer and is almost the same way of buying - just input price and quantity. You can watch videos on YouTube too. |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 2:51pm On Jul 02, 2022 |
Kingsteve: Your 1.5% daily claims are not far fetched at all. They are even moderate because if you trade futures as well you will be able to double your earnings by trading in both directions. Seems the reason you are blurring the images is because you trade with low capital, which is understandable in this current market situation, but some people find it easier to see that you bought for $10 and sold for $10.15 than that you entered at 0.009 and exited at 0.009135 Are you using binance? Mine doesn't look like yours. That cart on the upper right corner for instance. If it's not too much to ask, you can enable Positions to show your PNL on current trade and Order History to show past trades for those still doubting. From chart settings. 2 Likes 1 Share
|
Investment / Re: Crypto Currency Investors Thread by XaToXi: 10:31am On Jul 02, 2022 |
hilfinity: You sure say na babe? 2 Likes |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 10:10am On Jun 29, 2022 |
2 major news coming out today. Dump/volatility expected this evening during NYSE trading session. 2 Likes 1 Share |
Politics / Re: I Lost All My School Certificates - Kabir Ibrahim Masari, Tinubu’s Placeholder by XaToXi: 6:29pm On Jun 28, 2022 |
So how did Tinubu become an accountant for one of the big oil companies? 1 Like |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 11:14am On Jun 24, 2022 |
emperorventure4: 33% was definitely too much for a start. No risk management at all. SL and DCA are very necessary in this manipulative market. |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 12:03pm On Jun 23, 2022 |
njuwo: No thanks. I'd rather open a 3x short with stop loss or DCA than buy a leveraged token. 8 Likes |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 11:15am On Jun 23, 2022 |
njuwo: Why $1000? Why 33% of portfolio? What if Matic keeps pumping? Some whales are behind the current pump. |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 7:16pm On Jun 19, 2022 |
Omobola121: It's very possible and also profitable since we are in bear market so the short side should have more weight as we are more likely to go down than go up. If you do this with 1x or 1.1x leverage, you won't get liquidated. With higher leverage you might want to DCA both sides to avoid liquidation wicks. You will make more profit as market dumps and you can close the short at the bottom and use it to average down your long. It's essentially a $200 short that allows you to TP on the long side while maintaining the size of the short side. Or vice versa. 1 Like |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 4:02pm On Jun 19, 2022 |
Omobola121:Method 1: In that his picture, he will need to DCA into the losing side so as to lower his TP price. If BTC pumps, he shorts key resistance levels. If it dumps, he buys support levels and TP when that amount is in profit. Or he reduces position sizes as both sides come into profit so the usdt profit can provide stability. Having both long and shorts active in same ratio makes liquidation impossible. Same with having more weight on the winning side. Problem arises if the positions are not well managed and the losing side has more weight. Method 2: Another way to hedge is with non stable coins as assets because as the underlying assets pump, it adds more margin to your short position(s). Let's assume you buy $150 btc at $18000 on spot and short $150+ btc at $19000 on futures ($50 @ 3x or $100@1.5x leverage). Equal or greater units too. You will have successfully locked that 5% profit in using this hedging strategy. Whether btc pumps or dumps, that 5% is locked in. The interesting part is that you can move the $150 btc in spot to futures, making it impossible to liquidate that short position no matter how btc pumps because your collateral matches your loan, essentially making it like a spot trade. You can even remove the extra $50 usdt or use it to scalp. If you are thinking of buying the dip now and you don't want to DCA to 12k, 9k or even 3k btc, this strategy might be useful for bagging btc, eth, bnb, sol, dot, Ada and xrp at key support levels as they can all be moved to futures for shorting/hedging. You can close the short when the bottom is in (say Q1 2023) and then go long. If the bottom is already in, you can sell the coins at the very top and then go short. If market keeps going up you can further short resistance levels and TP on retraces, rather than buy the top with fresh funds. 4 Likes 3 Shares |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 8:00am On Jun 19, 2022 |
Goldbw122: The gains or losses vary from 2.5x gains to 4.5x losses as well on Binance, and the token can tend to zero if you hodl it for too long due to volatility decay. Kucoin appends theirs with 3S and 3L , gate.io has 3&5 L/S (long and short) while ftx has bear and bull tokens. 2 Likes 1 Share |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 8:25pm On Jun 18, 2022 |
Wahala for who no sabi short. Double wahala for who short support. |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 12:15am On Jun 17, 2022 |
Seems 3AC got liquidated. 2 Likes 1 Share |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 11:50pm On Jun 15, 2022 |
LTRAVIS: Did you use your card on any crypto site? 2 Likes |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 8:58pm On Jun 15, 2022 |
Fastt: https://twitter.com/hodlkryptonite/status/1536609042952757249?s=28&t=FBXguhsJwMQAluG1PJ2c-w 1 Like
|
Investment / Re: Crypto Currency Investors Thread by XaToXi: 10:34am On Jun 15, 2022 |
DieRich5: FUD. They are delisting SC not USDT. 4 Likes |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 7:49pm On Jun 13, 2022 |
Ibime: That's true. Fingers crossed.
|
Investment / Re: Crypto Currency Investors Thread by XaToXi: 6:23pm On Jun 13, 2022 |
Ballzproblemm: E no suppose hard reach that level na, unless say him borrow money use trade. |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 5:53pm On Jun 13, 2022 |
DeSepiero: His reputation among the maxists would be forever destroyed if he dumps now. 1 Like
|
Investment / Re: Crypto Currency Investors Thread by XaToXi: 5:46pm On Jun 13, 2022 |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 11:22am On Jun 13, 2022 |
XaToXi: Still on this. If you convert all your coins to btc and open a corresponding 1.1 to 1.5x short with it, you can weather this storm and come out stronger. If BTC drops, you buy more with DCA or move your SL every 5% dip or take partial profits on the short. If BTC pumps, you DCA the short every 5 or 10% increase till it corrects again. This way, your portfolio won't bleed to death if you are not ready to sell at a loss. |
Investment / Re: Crypto Currency Investors Thread by XaToXi: 10:25am On Jun 13, 2022 |
orikoku: If I were in your shoes, I would move that xrp to futures as collateral and then open a 1x to 3x short on it as hedge. For spot, it's either you hodl or sell now and buy back lower when the dust settles. |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (of 17 pages)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 68 |