Bitcoin Price Thread
- Thread starter Magna
- Start date
Margin calls are triggered when the value of an account drops below the maintenance level.
You might want to check out: Introduction to Perpetual Futures Contracts Margin – AscendEX (zendesk.com)
There was no mention of a margin call in that document
Who makes these calls that you said I'm not supposed to answer?
Ah it's those confusing semantics again.
Back in the good ole days, when you used to communicate with your broker by land line, the broker would give you a call. In today's digital world no one actually gives you a call, like you say your position is just liquidated, however a few of us old-timers still refer to that process as getting a margin call.
Call it what you will, your money is gone. If you see yourself getting close to being sold out you can add funds to your account. I'd recommend against that and that's where the old axiom of never answer a margin call comes in.
Sorry for the confusion. I gotta remember that the younger generation takes everything literally.
I've said many times I'm a new (perp futures) trader
I only pay attention to what's important to me, liquidation price, and size of the trade
To lower the liquidation price, I can either add more collateral or reduce my size
Margin call is not labeled anywhere on my screen and my perp futures casino does not have my phone number nor my email address
Maybe he finally sees the writing on the wall Spud. Smart money was out LONG ago, like when it broke 55k, and then 50k, and then 40k, and then 30k, and now here at 20k... and just didn't have the muscle to get back up...And its done that all the way to where you are now. You keep your hope,..I'll keep your money spud
Dumb ass you are in a bear market - and if you really think this is some bottom you are a much bigger fool than I initially surmised.
Maybe he finally sees the writing on the wall Spud. Smart money was out LONG ago, like when it broke 55k, and then 50k, and then 40k, and then 30k, and now here at 20k... and just didn't have the muscle to get back up...And its done that all the way to where you are now. You keep your hope,..I'll keep your money spud
Tokenz then pokemz
Full disclosure, my perp futures casino account got liquidated today and not gonna fund it at this time (maybe in a bull market, I think this would be a lot of fun)
- At the peak account value, it was over 2x the $ amount (I added during the short the Merge news, but I withdrew the additional collateral once I made more)
- Before going all-in for Uptober (heh), account was 25%-30% off the peak value
- Maybe shoulda stuck with short term trades
Wow, thanks for the transparency. It just goes to show you how difficult trading really is. As you say, the bull market would be a dream. If you get the right entry and watch bitcoin go up 20k or more, with one of those 20x futures, you're essentially buying bitcoin when it was in the 3 digits to have similar returns.
I might play around with this as well in the future when the bull case is solid. I feel I need to make up for lost time. And sure, seeing bitcoin go back to 69k from 20k will be nice, but you will almost be leaving money on the table by not being leveraged.
Thanks for the words of encouragement, NoahA. Please be careful with perps futures trading
Food for thought, if I picked the short side, I'd have doubled the account value today
There is no uptick rule with futures so it's just as easy to go short as to go long
I'm gonna focus on yield farming on EThw chain. I posted some stuff, it's been very good for me
The last one I posted was the biggest defi launch on EThw chain I only found out today, LFGSwap
It released yesterday at $0.003/LFG and it's already gone up over 1000% on very good volume
Yield farming starts tomorrow. I bought some already and it's already up. I'll buy more and yield farm tomorrow
https://www.dextools.io/app/ethw/pair-explorer/0x75e43c101688ba4fb53e5f52876a3f3c995787f9
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