MultiversX Tracker is Live!

Anyone here using kraken funded?

All Cryptocurrencies

by COINS NEWS 23 Views

As the title says, anyone using kraken funded? Trying to gauge if it’s worth it or are you better off just doing futures? Same thing applies: lose 5% and you lose your buy in, once you pass the “test” phase you’re amplifying your profits while limiting your potential loss to whatever your buy in was.

Currently doing the 5k one for 2 weeks. Still on the test phase with 8.9% gain. Need 12% gain to go into real money. One thing iv learned: Im definitely not great at day trading. 2% up, 2% up, 3% down, 2% up, 2% down etc…

The pros with it:

-you’re limited on how much you can lose with your buy in.

-If you play your hands carefully you can potentially make a decent profit.

-if you have a tendency to gamble or trade for fun, it’s ideal for entertainment purposes. A small sum of money can keep you trading for a long time.

The cons:

-Once you lose 5% you’re out whereas you need to gain 12% to be in.

-if you’re already decent at day/swing trading, you may be better off just doing futures and not having to give 20% to kraken.

-once you are in the “real” money, it starts over again you’re back to 0% PNL. Basically removing anything you had built up and giving you another opportunity to lose the 5%!

-With the sum involved(5/10k), one bad trade could easily knock you out!

Anyway, just interested in hearing opinions/strategies or wondering if I missed something… I like the concept of it but it’s one of those things”if it sounds too good to be true…”.

submitted by /u/Legitimate-Key-3044
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments