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I would advise you to understand how markets work better before you get more into trading. You don't seem to understand how high bid-ask spreads indicate low li
by yowlingcat 5y ago
I would advise you to understand how markets work better before you get more into trading. You don't seem to understand how high bid-ask spreads indicate low liquidity, nor the risks of trying to take a position in a market condition where you have such low liquidity.
It's like driving down an icy road that's empty at night and trying to make a right turn. Sure, it might look like you can go fast because it's empty. But it's empty for a reason. And you'll figure that out when you try and take the turn and can't get any traction.
- Black101 5y agoThe problem is Coinbase Pro that wasn't allowing me to place sell orders while allowing me to place buy orders. I should not have talked about spread because I think it confused everyone. The actual buy price was going up and down by $1000s every few seconds. Also, I'm just investing profits at this point so don't worry about me (IE: took out initial capital).