BitMEX co-founder Arthur Hayes Applies Martingale Strategy to Trading Iggy Azalea’s MOTHER Token

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BitMEX co-founder Arthur Hayes Applies Martingale Strategy to Trading Iggy Azalea’s MOTHER Token Arthur Hayes, co-founder of BitMEX Exchange, revealed in a recent post on X (formerly Twitter) that he is applying the martingale strategy to trading the MOTHER token, a Solana-based memecoin created by Australian rapper Iggy Azalea.

The strategy assumes that, eventually, a winning trade will occur, allowing the trader to recoup losses and secure a small profit.

While the strategy can deliver profits by recovering losses through doubling investments, it carries a high risk of substantial losses if unsuccessful.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaAustralia

Topics: Latest News BitMEX's

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 02:20:27 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 441 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22701940

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