Binance

My crypto portfolio took a hit of about 17% last night after it was announced that SEC has sued Binance and its CEO CZ. Bitcoin price dropped from about $27,150 to $25,500. At the time of writing, I was holding about 0.1 BTC long futures, with my average buy price at $27,125. Trading with leverage is like a double-sided sword, it can make huge returns and it can also blow up your account easily. With my BTC estimated liquidation price (ELP) just under $25,000 I started to feel quite…

Greeting from Tbilisi. The weather is hot, air conditioners are running, but the autumn winds are also present.  This morning I was looking at two European Stocks to trade options with Dutch ING bank or German E.ON. It turned out a holiday in the US (at least on the stock exchange), where Labourš day was observed, and the European market opened lower. Both ING and EON fell by more than 2% and I thought this is an opportunity. Decided to test the waters with German E.ON and sold one put option…