09-22-2021, 11:04 AM
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Thanks for your review, they way I interpreted it:
The trade is in binance futures. Actually it's okay if you don't put a stop loss, as long as you set the "Isolated" mode instead of the default "Cross" mode.
Let's say you transfer 50 USDT from your spot wallet into your binance futures wallet. Isolated mode with Leverage 20x. Your liquidation price could acted as stop loss. Liquidation range for 20x is at 4.27% (exclude funding fees). That's your "default" stop loss, if market moves against you as far as 4.27% then the $50 got liquidated. Just remember to set it into Isolated mode every time you change coins or else it will liquidated your whole account.
If the trade runs well, the profit is :
1. Moves 1% = 1% multiply by 20x = 20% of $50 = $10 profit
2. Moves 1.5% = 1.5% multiply by 20x = 30% of $50 = $15 profit
3. Moves 10% = 10% multiply by 20x = 200% of $50 = $100 profit
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I know the technical stuff. That still mean you willing to risk all your money in there. You can only do that with small money like 100$ - 200$, not like 5000$ or even 1000$.
So you risk 100% your account for 20% profit, that why the winning rate will high.
Thanks for your review, they way I interpreted it:
The trade is in binance futures. Actually it's okay if you don't put a stop loss, as long as you set the "Isolated" mode instead of the default "Cross" mode.
Let's say you transfer 50 USDT from your spot wallet into your binance futures wallet. Isolated mode with Leverage 20x. Your liquidation price could acted as stop loss. Liquidation range for 20x is at 4.27% (exclude funding fees). That's your "default" stop loss, if market moves against you as far as 4.27% then the $50 got liquidated. Just remember to set it into Isolated mode every time you change coins or else it will liquidated your whole account.
If the trade runs well, the profit is :
1. Moves 1% = 1% multiply by 20x = 20% of $50 = $10 profit
2. Moves 1.5% = 1.5% multiply by 20x = 30% of $50 = $15 profit
3. Moves 10% = 10% multiply by 20x = 200% of $50 = $100 profit
[/quote]
I know the technical stuff. That still mean you willing to risk all your money in there. You can only do that with small money like 100$ - 200$, not like 5000$ or even 1000$.
So you risk 100% your account for 20% profit, that why the winning rate will high.