I decided to test this urban myth out by creating a chrome extension that will invert my Spot, Margin and Futures trades on Binance and test it out.
I can report that, I do not yet own a private island or a yacht, but it was really fun building it and didn’t make my daytrading any worse lol. I have open sourced the extension so you can play around with it yourself. Maybe it’ll make you into a literal trading GOD – maybe it’ll bankrupt you, who knows.
If you want to run the extension you would need to go to “Manage Extension” and click “Load Unpacked” and then select the root folder of the Repo. Feel free to inspect the source code first, and if you like the idea, you can submit a PR and help develop it further.
To enable it, make sure you’re on a Spot, Margin or Futures page, open the extension and click “Enable” – done.
โ
On Spot and Margin (naturally) you need to pre-own the coin in order to sell it. But on Futures (which are derivatives) you can place the opposite order on a contract meaning you don’t have to pre-own the assets in order go short. Def saying you should trade futures but that’s where this extension works best.
โ
If you’re curious about how it works, how I’ve built it and my own results after a week of testing:
https://youtu.be/3QAJWENW-20
Source code here:
https://github.com/CyberPunkMetalHead/binance-inverse-trades-chrome-extension
Detailed guide on how to install it and make sure it works properly
https://www.cryptomaton.org/2022/03/06/finally-a-chrome-extension-that-inverts-your-binance-trades/
submitted by /u/CyberPunkMetalHead
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