This is a trading post. Not a crypto post or endorsement. I don't visit here often anymore. I generally trade futures. Around a hundred million contracts a year - so I know of what I speak. Recently I have connected to several crypto exchanges and started trading those. I will make the bold statement that, regardless of how you feel about the intrinsic value of the crypto space, there is absolutely no reason for a talented trader on a sub million dollar account to be trading anything other than cryptos.
No. Because I have a lot going on in futures. But I will build out a 5-7 person crypto desk. It's certainly worth doing that.
My leverage is very low because I have a large position. A good lot size for daytrading is around $200,000 worth. More than that and you start to spook the market. Which is bad if not intentional.
wow, didn't realize 200k is currently enough to move bitcoin, intl market and all that i'm waiting for futures to come out, it'd be good if they have 10x leverage, also the centralized liquidity
The markets are only loosely tethered for a variety of reasons. The CME contract will be good. I assume you've seen the specs. 5x multiplier and $25 increment. Non member fees will be high but lower than almost every cash exchange. What will be very interesting is the Sunday afternoon reopens and the fork arbs. There's no elegant way to handle those.
yea maybe cme should just allow 24/7 trading for all markets, this being a new era now that would be fun, traders need to trade and money has to be made
The big problem with physical settlement is that clearing firms aren't ready to handle delivery. I've lived through many an index manipulation. Sure, it will probably happen and it will hurt but I think it's a fixable problem. But, I've heard many others who prefer a physical settlement. I plan on quoting it and I know others are too - which is better than most product launches.