04-20-2023, 05:53 AM
Day Trading is rigged and the house will always win so get out before you get addict
<!-- SC_OFF --><div class="md"><p>The insane and inexplicable 15 minute swings that happen are essentially liquidation triggers to wreck traders, especially leverage traders.</p> <p>Binance CEO CZ was also recently accused of doing exactly this and with Binance being as huge it is you can probably guess there is a lot of very easy money to be made along with the fees by essentially trading against the customers using all the information that they have.</p> <p>Let me give an example of this:</p> <p>You and a 100 other people long ETH at 2k using 10x leverage so now what can happen is Binance can essentially using this information trade against you and bring the price of ETH down in a short amount of time and liquidate those positions and this is not enough as now people who think ETH will keep falling create a short position but then what happens is Binance starts rebuying the ETH essentially liquidating the longs and shorts in a short amount of time and making millions by doing so.</p> <p>Trading and especially leverage trading is already risky without the house betting against you so please use safer trading strategies.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Kukuzahara"> /u/Kukuzahara </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12rnsfx/day_trading_is_rigged_and_the_house_will_always/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12rnsfx/day_trading_is_rigged_and_the_house_will_always/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>The insane and inexplicable 15 minute swings that happen are essentially liquidation triggers to wreck traders, especially leverage traders.</p> <p>Binance CEO CZ was also recently accused of doing exactly this and with Binance being as huge it is you can probably guess there is a lot of very easy money to be made along with the fees by essentially trading against the customers using all the information that they have.</p> <p>Let me give an example of this:</p> <p>You and a 100 other people long ETH at 2k using 10x leverage so now what can happen is Binance can essentially using this information trade against you and bring the price of ETH down in a short amount of time and liquidate those positions and this is not enough as now people who think ETH will keep falling create a short position but then what happens is Binance starts rebuying the ETH essentially liquidating the longs and shorts in a short amount of time and making millions by doing so.</p> <p>Trading and especially leverage trading is already risky without the house betting against you so please use safer trading strategies.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Kukuzahara"> /u/Kukuzahara </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12rnsfx/day_trading_is_rigged_and_the_house_will_always/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12rnsfx/day_trading_is_rigged_and_the_house_will_always/">[comments]</a></span>