Question to traders in the area. Considering what is going on right now with XMR, I'm debating on opening a long position. The thing that I would like an opinion on is, would you currently open a long position for about 3 or 4 months until RingCT is implemented? Considering when I personally margin trade, I put up very little. This is due to me being only 1 month into trading world and what I'm learning via Baby Pips.
If you want to shit on my question cool. But I'm just legitimately curious about opinions.
So, open long position on margin for ~50$ worth of XMR and let it sit until or around RingCT implementation?
Thank you.
If you want to shit on my question cool. But I'm just legitimately curious about opinions.
So, open long position on margin for ~50$ worth of XMR and let it sit until or around RingCT implementation?
Thank you.
heres my advice to you: don't mess with margin, buy, hold or sell.
I like this advice. I've only been thinking about it but I am still relatively uncertain of consequences and other things involved with margin. Thank you for taking the time to reply.
A friend of mine went long on GBP/EUR just before it dropped heavily and he lost thousands. Think very carefully if you are margin trading - and make sure you get out early and setup stop losses.