OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO...

I do it forex style. Get in. Hit my profit limit, get out, reenter, hit profit limit, get out.

Bull trap* you cant beat the exchanges at their game.

stay and make profit beyond your initial investment, idiot!
If you make double or tripple youre winning and should sell. At least you made a profit

t. sold yesterday after a year and made a 50% profit. I'd hate to see it go up (LIKE RN FUCK) but i feel ok with my wins

Hmm yes, surely the exchanges win on keeping prices low, thus reducing their trade fee profits, not to mention scaring away new buyers

Every time I enter then sell at a profit then exit and reenter and so on I make a realized profit. This grows my money.

bulltrap before dump to sub 50

EFFERIUM

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And in at 186.44....

>OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

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Oh wow this chart is looking juicy!! Shits about to pop off

You shouldn't feel like an idiot. I made about 150% trading 4x leverage longs until I tarded yesterday by putting in a stop loss (which it hit before going straight back up, and went into 6x shorts expecting further Bart down, wiping out pretty much all my earnings and then some in one fell swoop when it pumped to 180.
Now I'm back at 4x long and will just fucking sit on it until I regained what I lost out of the initial investment.

>scaring away new buyers
I see it the other way around, dumps are attractive for another chance in newfags, lure them in, price go up dump and collect their money ez

If I see 187.1 I sell my position and will have gained a further profit.
Forex trading is fun!

massive resistance right now

I doubt it. In 2017 everyone was talking about crypto. But now most people I talk to scoffs at it as a scam "they always knew would crash"

weeeeeeeeee I badly timed

this will be at 200 within a week

It might be but I'm not playing a buy and hold game. I'm playing a forex game. I make money by making short (Literally the span of 30 minutes to 1 hour) plays and getting out. My intent is to grow my money no matter where the price is. Not "make it".

I respect you guys holding and watching your coins grow. That's just not my game.

Based . Strap in! It happens tonight

Where my 32+ gang at

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not if it can't break this resistance
its now or never honestly

i don't really understand what you mean

Ok so let's say I get in at 185.11 (Which I just did) then exit at 186. I've just made a profit. Then it goes down. I keep that profit because I'm out and not subject to the fluctuations in the price. Then I reenter and exit again when I hit a set limit.
No matter where it goes I make money because I'm playing a short game. I can go in with 2 eth, make a few bucks, then get out as it drops. Or, let's say I hop in at 184, it moons to 200, I exit, and it drops. On that move alone I would have made 32 dollars. In less than an hour. My strategy here is that I count on ETH not consistently going up and I make short plays I know will gain money because I'm working at intervals of less than a dollar. It could be a small amount or it could be a large amount, what matters is that I'm using the markets themselves rather than passively hoping it goes up.

I bought a shit ton when my buy order filled at 168.90 earlier this week.

Let me guess..

High Leverage and closing trades at 1%

Good luck with your casino gameplay
And even more luck not getting liquidated on purpose by exchanges.

You also set yourself up for a tax nightmare

Oh no. Only what I have. Set value. No margins. I'm playing in fractions of a percent. In the last 20 minutes I've made 20 dollars. That's 2/3rd my hourly wage.

IRS gonna buttfuck you bud

No more than they have when I traded regular forex. You act like this is some new thing that people don't already do regularly and that the IRS dealings are unforeseen.

This is your brain on margin trading.

Here's a starter on how the tax breakdown works.
worldwide-tax.com/forex/how_to_file_taxes_as_a_forex_trader.asp
at a 60/40 capital gains treatment the amount I'm taxed sucks a little but no more than the taxes suffered on regular forex markets.
You could say I've..
Priced this in.

You think eth will go down to 80, which is my liq price?
My mistake was ever using a stop loss. If I didn't, I would be up like 300% today since it was nowhere near the liq.
Can an instant power dump to 80 happen? Sure, but that's just how things are in this casino.