(This was an original post in Spanish on 9-Aug-2020, translated by myself).
I began this trade at 4:00 pm (HK-time). I took 111 Atom and use it to Borrow at Margin 10X in Kucoin.
This gave me a credit of 0.3023 btc and my Ratio at the moment I took the Borrow was 87%
The line crossing (----) is the moment where I bought 499 Atom, the chart shows 9:00 hours due to the kucoin platform time ( I am sorry I don't know how to edit the screenshot). Minutes later I have decided to buy a little bit more Atom and I took more of available credit, I did another buy of 366 Atom. The orders were executed at 40660 and 40881 satochis respectively. Ratio was at 88.67%.
Six months ago I began to use the leverage . First times I got some profits but I was afraid after a bad experience with leverage at 100X (at Plus 500). The worse I could do inside a platform (broker) that take fees as it where options when trading. I didn't know what I was doing. It was my beginning...
I see an interesting potential after I got some profit this time at Kucoin Margin. That game some confidence. Generally at the beginning I use to enter and try sell the same day so I used to pay my Borrow even if it didn't pass a day. In some trades I lost a little bit.
I took a recess of around a month after a painful loss (around 500 USD).
Later I encourage myself again. Maybe in the meantime my brain was looking for the mistake... So I asked myself, what if instead of taking all credit I take only a partial borrow of available credit? And basically it was my main mistake. I was taking the borrow at maximum. When beginning a buy I also used to do at 100%, so the Ratio used to go agains me so faster.
Something it was helpful is the percentage on the Ratio; so in addition to follow the charts I follow the Ratio. Therefore, If I enter with a maximum credit, my Ratio used to begin at 90%; when it hits 95~97% the trade will close automatically paying the borrow. It's the moment when Margin gets executed. When it happens it left a little amount of your money or bitcoin... those are the painful moments.
The Kucoin system send email when it hits 95%, but what I prefer is if the trade gets bad weather I close with a loss weather I left till it close itself. Why that? Because sometimes I had seen most of the times when trade got bad and I try to rescue it I put more funds and anyway it gets lost.
This month has been good with some Ada trades, and now with Atom.
Here I describe briefly the process:
I sold my total Atom at 7:18 pm at 41605 satochis. I waited until price went down in order to buy again my original 111 Atom plus other amount of 111 Atom again at 41300 satochis.
It got a higher price again. I was tented to buy more. But as I follow Atom some time ago and I have seen it gets extreme moves (high volatility). So, if I didn't enter at low price to buy again the total of my credit it was a pity but better to wait. I have decided to sold 100 Atom at 43000 satochis. That allow me to pay my Borrow and I got extra Atom and bitcoin as profit.
I finished with profit of 0.0048613 btc and 9.86 Atom in addition to 111 atom at the beginning.
Morning time I also closed Ada trade with a good profit.