Does anyone else do this?

Don't margin trade on full leverage
Don't short
Don't borrow at .15% you can easily get loans between .08 and. 1
You're at the mercy of whales at all times
Yes you can make good money in a short time
You can get caught with your collateral tied up at the wrong time. I just got caught in a long during black Friday. Took a decent whack

>>2258324
well, bitcoin is about to do something again, inb4 the second coming of black friday

>>2258324
Yeah I try to stick to 2X leverage. I buy in right whenever a big dip peters out and can almost always make 3% which is more like 6% with leverage. It's small but comfortable gains and never leave my position open longer than a couple hours. Why are only some coins allowed to be traded on margin? I could've made so much damn money on DGB if that was available to margin trade.

>>2258324
Also is there anyway to set a sell order with a margin trade or do you have to manually close them?

Could anyone give me a quick explanation on this?
How does it work?

>>2258324
>Don't short
I like shorting Ripple desu

>>2258371
me too am retrrd

>>2258371
>>2258381
You put your BTC in a margin account. This allows you to take out a loan with your BTC as collateral. The loan is typically around .1% a day. This allows you to buy 2.5x what you actually have with someone else's BTC. So you make 2.5x profits or 2.5x losses. I think there's some good youtube videos explaining it better but I just kind of figured it out on my own.

>>2258424
Thanks. I might try this after some of my shit is untied.

How much is enough to get started trading on margin? I made a lot from just buying eth early but I dont want to wipe my balance by being a dumbass on margin.
Is 500USD in a new polo account a good start?

>>2258490
Yeah but I would expect to get rich off this really quick. If you started on the bottom of a day like black friday youd be rich though. You have to buy the absolute bottom of dumps to make guaranteed money. And good God never short in a market like this. Not even once.

>>2258424
What account? Where do you sign up for the loan?

>>2258539
Click the margin tab. You can transfer balances from the Exchange to Margin accounts in a second. Whenever you place your buy order you also set the loan rate at which you want to get a loan. set it to .1% to pretty much guarantee that you'll get a loan.

>>2258584
The loans are limit right? If I left the default 2% loan I would get a lower loan if available.
Correct?

>>2258206
How do I loan bitcoins on exchanges? Anything aside from poloniex?
I only see a few coins at a given time on Poloniex like Monero and Eth, but nothing low-volume.
And do I lose just 20% or do I lose 60% depending how much I loaned?
Also I can never loan more than 3x my current BTC.

>>2258366
Just margin sell at the price you want. It will be listed as an open order

>>2258330
That's what i thought so i went full fiat and missed the ETH pump. Cost me 16k

>>2258621
You'll get cucked. Always set the loan limit to under at least .12%
The lower your set it, the slower it is to fill though so you need to find a sweet spot.

>>2258845
Aye, thanks

I'm an ausfag so it's late but maybe tomorrow I'll write up a guide with some info you don't get told that isn't in the FAQ
Like how polo will happily fuck you on loan rates

>>2258860
You should mate. Would be a great help

>>2258821
So it will close my long then?

>>2258879
help pls

>>2259124
if you want to stop your margin order you use a stop-limit order

>>2258206
The average poster on here should stay

the

fuck

away

from margin trading.