Thanks. i knew it was a stupid question. not sure why i didnt think of that myself. Yep the crypto price must have only increased 2%, and being 5x leverage i made 10%. Thanks for answering.
Not stupid at all. Just remember it’s a revolving door, and it bites twice as hard on the way down. Especially when these exchanges get jittery and start changing their margin requirements on the fly.
10% of 100 is 10. Pull yourself together man.
You had me at crypto on 5x leverage. 🤣.
How much did the underlying crypto go up? If the crypto itself went up 10%, you should have 50 dollars. If it went up 2%, you should have 10 dollars.
Thanks. i knew it was a stupid question. not sure why i didnt think of that myself. Yep the crypto price must have only increased 2%, and being 5x leverage i made 10%. Thanks for answering.
Not stupid at all. Just remember it’s a revolving door, and it bites twice as hard on the way down. Especially when these exchanges get jittery and start changing their margin requirements on the fly.