Trying out my first margin trading

[dhurstell]

Using Poloniex and ~.9 ETH, I am going to dip my toe into the world of margin trading.

While I'd like to short BTC/USD, this option is not allowed, so I'm stuck trading some altcoins.

3hr chart 55MA is just crossing above the 8,13 & 21 MA a few candles ago.

Going to put this trade on in the morning and see where I am in the afternoon.

Selling XMR @ 0.02828700 BTC
Im not sure how to set the stop-loss, but I set an alert on my DELTA app for .029 so I can close the position if it turns against me.

Comments

[steemitboard]

Congratulations @dhurstell! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

_{Click here to view your Board}

Support SteemitBoard's project! Vote for its witness and get one more award!

[steemitboard]

Congratulations @dhurstell! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

_{You can view your badges on your Steem Board and compare to others on the Steem Ranking}

Vote for @Steemitboard as a witness to get one more award and increased upvotes!