Hi all
So with a small amount of BTC I want to do margin trading on Bitfinex. Now Im new to trading and maybe this is not the right place for this sort of question but has anyone had any experience doing this on Bitfinex? I am slightly confused about limit stop trailing trades etc. For example I deposit 0.05 BTC into margin account and want to go LONG on BTC so I buy 0.15 BTC worth using margin trading. Now if I want to automatically hace the position closed say once the price reaches a certain target how would I do this? Also is it possible to have a sell price set should the price start to go down and thus protecting me from too much losses. You know before margin account gets liquidated and I lose the 0.05 BTC.
Sorry if this is not the right place for this question. Then again this is more BTC related than some discussions on politics and metals. Not that I dont enjoy those I think it is a good part of the conversation as long as BTC is the main subject but I know some of you people dont like anything off-topic... including trading I guess.
Either way any input is much appreciated.