A friend of mine who wants to start crypto trading said she had $1 in her account and would like to start with it. She wants to reach $100 by scalping ... It's possible to reach that target once tried that and within 3 days had reached $110 though there are many risks involved ...Have you ever tried going on such a challenge did you reach your target or lost all the money
when you start trading you are full of hopes but after getting loses you begin to lose it.😭 From trading carefully to fear of entering a trade and losing it all
on a curious note how is the funding rate calculated ? I opened a short position on futures on $OMNI the funding rate when opened was after 4hrs but at 12.00pm UTC time the rates changed to 1hr💔 my position entry point was 5.9 with a 25% leverage was checking my account and noticed my balance was a bit less despite the profit. from chatgpt was told the funding rate was calculated as position size X (funding rate/100) from the calculation above since the funding was negative the amount deducted could not be that much but checking my account the fees deducted as much higher ..lost twice my margin size 💔😭 hoping 1/3 of the profit to cover it up when I close my trade.
if you know how is the funding rate calculated please assist can't be the only one who lacks info on it