There are two points I don't understand:


The first point is that 500x leverage on gold doesn't seem that difficult. When I watch live streams, they usually take three to five points at a time and then run. If I do the same, isn't that not embarrassing? With your big pot of three to five points, can I also dig a spoonful?
The second point is, for example, if the principal is 5000U, and you take a 0.05 lot each time, which is 5 lots, then it needs to rise or fall by 1000 points for you to get liquidated! Based on the current gold price around 4600, adding 1000 makes it 5600. If you short 5 lots, you don't even need to take a loss; you're basically guaranteed to make money. Conversely, if you go long and get liquidated at 3600, if you can get liquidated, I’ll take back the spicy words from others and give them to you. Do you understand your principal? Understand the safe zones above and below? If you make 200 a day with a 5000U capital, isn't that easy? Give yourself a month, and under the premise of not getting liquidated, double your principal. Look around the world—you're even surpassing Buffett, with 180 Zhangxue motorcycles bent over, and you’re earning more than dogs barking in the square.
Don’t think that I make a hundred or two a day. With my profit of 100, in our Gate contract competition’s public data, I am definitely a good student. And I’m doing this without fully understanding the logic of the 500x gold play. Honestly, I’ve been in crypto for nearly ten years, and for the first time, someone from outside our circle has taken my traffic. Originally, new products in crypto were meant to attract newcomers to Bitcoin, but instead, they displaced the locals.
I’ve been playing this 500x leverage for less than half a month, but logically, finding a safe line and controlling your position size isn’t difficult. In other words, if you have 5000U principal and open 5 positions at 4600, with five or six 30s, four or five 20s, and a position of 20,000U—do you think that’s a big or small position?
In other words, if you don’t play 500x, and open 5 contracts in the futures market, isn’t the logic the same? You can earn a hundred or two a day.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned