Hello everyone,
I will start by saying I have only been messing with stock exchange sites for the last 3 months and I lost a few hundred before taking slow investments while learning. Now I am in the profit, before the bitcoin drop.
So, I calculated my equity and margin requirement, I can drop to 7.5k before I am toast. In order to still make some money while it drops and actually INCREASE my drop threshold what I am doing is the following:
I have 2 buy orders on bitcoin I made at 12.8k, now every time it makes a sharp rise again I am making a sell order then when it reaches near the lowest point of the last few hours I sell. This way I am making small profit and if the coin drops like insanely, I only lose half the money and I can sell then as it rebounds shortly after going down *it always raises a bit after dropping, vice versa* you can if you wish sell the 2nd buy order off and make a profit bit of profit.
An example, you buy at 10k but you are afraid it will still drop hard, you make a sell order at the same time and when it drops hard you sell then wait for the small rise after the drop to profit from the buy order, this gives you "shock resistance" while still profiting relatively safely.
Lost my train of thought but yea, if you guys are kinda unsure what to do during a drop and you dont want your margin to screw you over, you can use this method. Even do 2 sell orders to cover your 2 buy orders and you dont profit or lose! You just sit there safely while you wait for it to take the direction you want and the only loss is the entry fee of 150? "points".
This obviously isnt better than simply buying/selling at the right times but it gets you out of a bad situation / mistake.
Let me know what you guys think, tell me if im an idiot.
Regards,
IlikeEzmoney
I will start by saying I have only been messing with stock exchange sites for the last 3 months and I lost a few hundred before taking slow investments while learning. Now I am in the profit, before the bitcoin drop.
So, I calculated my equity and margin requirement, I can drop to 7.5k before I am toast. In order to still make some money while it drops and actually INCREASE my drop threshold what I am doing is the following:
I have 2 buy orders on bitcoin I made at 12.8k, now every time it makes a sharp rise again I am making a sell order then when it reaches near the lowest point of the last few hours I sell. This way I am making small profit and if the coin drops like insanely, I only lose half the money and I can sell then as it rebounds shortly after going down *it always raises a bit after dropping, vice versa* you can if you wish sell the 2nd buy order off and make a profit bit of profit.
An example, you buy at 10k but you are afraid it will still drop hard, you make a sell order at the same time and when it drops hard you sell then wait for the small rise after the drop to profit from the buy order, this gives you "shock resistance" while still profiting relatively safely.
Lost my train of thought but yea, if you guys are kinda unsure what to do during a drop and you dont want your margin to screw you over, you can use this method. Even do 2 sell orders to cover your 2 buy orders and you dont profit or lose! You just sit there safely while you wait for it to take the direction you want and the only loss is the entry fee of 150? "points".
This obviously isnt better than simply buying/selling at the right times but it gets you out of a bad situation / mistake.
Let me know what you guys think, tell me if im an idiot.
Regards,
IlikeEzmoney