A detailed explanation of how to margin trade going long, short, and what leveraging means, with all the associated risks.
Please always remember we trade using probability and not all trades are winners. We manage our risk with stop losses and try to win over time. Those that don't understand this, and expect only to having winning trades, will always lose money over time.
Twitter - https://twitter.com/PhilakoneCrypto
https://www.youtube.com/user/philakone1
If you enjoyed this video, you can donate to Luna's piggy bank (the one you always hear howl with me in other videos)
Luna's personal bitfinex account:
Ethereum: 0x2538b728f9682fc1dc2e7db8129730f661753850
Bitcoin Cash: 1AY2FPANCe5URB71Nvy6tkCgoTS8iHgmZD
BTC address: 1PruhmsYXU2gPkNw574xZSMyBG4YW5Wnq9
EOS Address: 0x2538b728f9682fc1dc2e7db8129730f661753850
ETP Address : MTR3P7m5KwHfE1aY51ha2YAQWQhRMPm1VA
OMG Address: 0x2538b728f9682fc1dc2e7db8129730f661753850
The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.
DISCLAIMER:
I'm not a financial adviser, nor am I giving you any tips on when to buy, sell, etc. I'm simply stating my opinions and what I personally look for. Those that follow my trades blindly and don't understand risk management, will always lose over time. I manage risk differently. Not all trades are winners. We manage our risk with stop losses and win over time. Even if we've entered at a similar price, I can micro manage my risk, by shedding, adding, reducing, etc, but those calls aren't made. Therefore despite entering near the same price, I may come out well ahead while you may take a loss, even if we exit at the same price when the market goes against my call. Remember, I always profit OVER TIME, and am not focused on winning every single trade. As long as we win more than we lose over time. I want to be very clear so you understand the outcomes will always be different even if we take the same trade. I MANAGE RISK and see this game as a probability. Therefore, be forewarned.
day 6 of watching every video at least 2x to get techniques and understanding. Want so bad to dive in but waiting to watch all videos before so I quit making mistakes and utilize all your great advice and indicators.
BTW- sent a tip via Litecoin to Lunas fund a few days ago to show my appreciation for these videos and making me a better trader- many thanks!~
another day and something new I learned- terrific videos
Great instructional video! This is great. I may have to watch this a couple times! Thanks Phila!
Helpful and informative as always! Upvoted!
was trying to understand what shorting and longing stuff is...
I am so glad that I found your video! Thank you!
Really happy to help you <3
I really appreciate all the knowledge you are sharing with all of us. Between you and @CryptoChoe not only are you guys so knowledgeable in this area and are really sharp with what you know, but you both also are very talented in teaching what you know. That is a skill not many have. You're passion and enthusiasm for this also shows and brings people together to want to learn from you both. Thanks!!!!!
Thanks for the great explanation, I finally understand how shorting works!
First of all thanks a ton..The video was really really helpfull
The explanation was extra ordinary...I will continue to your Risk management tutorial now :-)
I wasted lot of my money in Margin trading without understanding..the terminology liquidation and how it works
I will be cautious from now...will always store some money in reserve for liquidation.
Haha great as always, I just watched this video. But I don't see myself margin trading, at least not in any near future. But I learned some new stuff. Thanks :)
Thanks for your tutorial. Very well explained. In my opinion, this should be lesson 2 right after the bitfinex set up.
Kind of sounds like unless you have rich friends to help you manipulate the price, you're not going to win.
gratzzziiii
Great great great. Thanks for posting this. Some of it was very basic but definitely needed for many traders!
Hands down best tutorial on margin trading
Great stuff man. Thanks for being one of the good guys and helping to educate.
Great Vid