bassclef
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March 09, 2015, 11:29:21 PM

Have you traded futures yet bja? Moves like today can make your mortgage payment for 6 months in 5 minutes.
Approx ~5%
Holy schmokes how much are you trading with?


10x 30-50 coins so the same as trading 300-500 coins. $10 moves can make $3000-$5000. Thats just one way without scalping the chop and inevitable pull backs. The key is EXTREMELY good risk management.

I'm good with 3x at Finex. That gives you a bit of wiggle room at least for a margin call, but the cost of carry gets expensive when holding big positions (like 150btc+). It's a trade off I guess.

Like earlier this year I went long too soon and had I been 20x in futures I would have been destroyed. On 3x I put up a bit more margin and was able to weather the storm. Ended up 32 BTC ahead because the market rebounded as I knew it would (just had the timing wrong).