How To Short/Leverage Trade + Buy/Sell Bitcoin On Kraken Exchange



How To Short/Leverage Trade + Buy/Sell Bitcoin on kraken Exchange. This video goes over how to use kraken exchange and is a kraken exchange tutorial.

20 Comments

  1. How can I make a Stop Limit order with multiple conditional closes? Basically: Lets say price is at $8500 and I'm looking for a break above some resistance level to confirm price movement. How would I make an order that triggers at say $8550, but will stop filling at $8560 to ensure I don't get filled too high, and then additionally add a stop loss and target profit?

  2. Hi, Thanks for the video! I hope you still read this. What will happen if I try to close my short position with a limit order, but this limit order get's only partly executed (because the nature of a limit order)? Or what if it get's executed, but in several trades with some time in between, which I sometimes notice. Will Kraken still link this limit buy order to the short position, and close the position? Would you recommend not to use limit orders for this? Cheers!

  3. Hi Crypto Hippo, thanks for that awesome vid!
    Now: If let's say the market price is at 4000 usd/btc and i want to have a limit sell (short) option for 3990, I cannot use the limit, since the price i would sell is lower than the market. Is the only way to automise that a stop loss sell at 3990 or is there another way?

    Thanks and cheers

  4. Schyler, what does this mean when they verify your intermediate trading. Is it possible to give an example please.

    Include your reference code with the deposit, which is your public account ID followed by 'kraken.com'.

    thanks Bernie

  5. Amazing video! Thank you. Quick (dumb) question. If you're shorting XBT and it works out, do you have to manually cancel any set stop loss? My short trade worked (shorted at 10342 and closed position at 10340), but then I noticed my stop loss (set 10345) 'auto converted' to a long position. Don't know what i did wrong? Thanks!

  6. Thanks for the great video. I am typically a stickler of keeping track of my trades for tax purposes. I have thus far avoided shorting and leverage trading because no one has adequately explain to me how I would log profits and losses or trades in my Bitcoi.tax software.

  7. Hey whats up, quick question. Around 10min in you did a limit sell. You explained the price you sell at had to be higher then 3900. However, you ended up placing the price at 3890 and the order completed. I thought a limit order is a limit and not a market order? A little confused. Thanks in advance

  8. Hi, thanks for making and sharing this. Excellent tutorial, and information. My apologies if this has been asked already, I could not find it in the comments. Is there a way to set a "trailing stop loss", or do you have to keep canceling, and resetting it manually?

  9. Does anyone know what is the minimum account size that you need in order to Short on Kraken? I am new to shorting and just want to test some strategies out with like $500-$1,000

    Thanks in advance

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