Post
Topic
Board Bitcoin Discussion
Re: How I am surviving the drop.
by
DexterRock
on 17/01/2018, 14:00:32 UTC
Hello everyone,

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. Cheesy

Regards,

IlikeEzmoney Cheesy


Trading bitcoin on a margin is a risky business. Do you get an automatic margin call when your account reaches a certain threshold? +/- 2500 USD move in bitcoin price can happen pretty fast. Opening an order in opposite direction is ok to hedge but it depends how it is set up. Are you sure it can be filled? What if the price drops a lot more,  beyond your open hedging orders?