CrackingYs
Heil I.N.C.E.L.
★★★★★
- Joined
- Sep 30, 2019
- Posts
- 8,024
Today I tried day trading bitcoin for the first time in a very long time. I had 0.02 bitcoin($340) in an old trading account that allows up to 10X leverage futures trading (okex). All day today I just bought and sold bitcoin. The site makes it easy to buy and sell in a snap. I had my leverage set to 5X and managed to (almost) break even at the end of the day, which I consider a success / just practice. It's kind of fun and I want to get better. At 10X leverage it might be possible to work my small stack up into a much larger stack.
I've had some experience with trading before but never really had much luck. But I think this is a type of hobby / activity that might suit some NEETs. At even 5X leverage its fucking crazy how fast the numbers can move, it's like a video game. If you make the wrong move at 100% leverage it's like being all-in at a poker table.
I can easily see how people lose all their money. It's possible I'll lose my stack, but oh well 0.02 bitcoin isn't going to make me much more broke than I am. Anyways it's fun for now.
I've had some experience with trading before but never really had much luck. But I think this is a type of hobby / activity that might suit some NEETs. At even 5X leverage its fucking crazy how fast the numbers can move, it's like a video game. If you make the wrong move at 100% leverage it's like being all-in at a poker table.
I can easily see how people lose all their money. It's possible I'll lose my stack, but oh well 0.02 bitcoin isn't going to make me much more broke than I am. Anyways it's fun for now.