Hello SPIers, With crypto pumping over the past few weeks, it would be a great time to us to have a check at our ETH margin trade.
We got into this ETH trade around 5 months for $500 using a margin of 5x. Margin trading is different from leverage trading. Both use different to the same result. With leverage trading, an investor can pick at any assets without having to provide direct collateral. The risk is if the market crash crashes you lose all your money in your account. With margin trading, an investor needs to put up collateral to get a loan that has to be paid back with interest to buy the actual asset. The risk is you lose your initial investment.
So we put up $500 worth of ETH and took a 2000 USDT loan to buy another $2000 worth of ETH. ETH was around $3300 at this time. When crypto was pumping pre-BTC halving and ETH went to $4000 I took on a little more debt and increased our position. This was working great until 5-6 weeks ago but everything was going down and we had a few -10% days.
ETH tanked with everything else, our position fell into the negative and I had to use a few SOL tokens to provide funding to stop liquidation. Things have turned again and things are pumping, there is now even talk of an ETH ETF. Looks have a look and see how we are doing.
- The total Balance is the 0.94 ETH we hold.
- Total Debt is loan plus incurred interest
- Account Equity is the dollar number we can put into trades
To work out our profit, we simply take $500 from this Account Equity number. We are currently up $607 on our $500 You will see that there is 1.69 SOL within this trade as well, this was added in to stop our position from getting liquidated.
Getting Rich Slowly from June 2019
| Token Name | Main Account | Link to hive-engine |
|---|---|---|
| SPI token | @spinvest | SPI |
| LBI token | @lbi-token | LBI |
| Top XV token | @spinvest | XV |
| Eddie Earners | @eddie-earner | EDS |
| EDS miners | @eddie-earner | EDSM |
| EDS mini miners | @eddie-earner | EDSMM |
| DAB | @dailydab | DAB |
| DBOND | @dailydab | DBOND |
Stay up to date with investments, and fund stats and find out more about SPinvest in our discord server
Good to see it's working out.
Im hoping we're at a point now where we dont need to worry about keeping money sitting on the exchange for incase of liquidations.