Post
Topic
Board Speculation
Re: Lose all your capital fast, with MatTheCat and his TA 101A!
by
MatTheCat
on 31/05/2016, 00:49:12 UTC
I'm definitely shorting this for a couple hours

Best of luck with that.

This is an up market. An up market that has gotten way overboiled and has ran out of steam, but still an upmarket.

You place your short entry any other time than when the whales are getting ready to dump, and the exchanges will take your money off you. Unless you are willing to go balls to the wall and not set a stop loss.....Last time I done that, I ended up losing $3500. So these days, I just put up with getting my Stops run, and then watching price come back to my entry level 5 minutes later, like what happened today.

These exchanges are unregulated. The operators can, and do, do what the fuck they like. It would be a test of anyone's moral rectitude to be in the midst of temptation like that, and not become a little crooked, but my contention is that the people who are running the likes of OKCoin, and Bitfinex, are not just a little crooked, but hell bent and twisted over backwards crooked.