Reminder that if you are a shitcoin trader you 're just playing monkey darts and you have no skill

I always use cross and I don't let my positions get liquidated, I just close them when it goes too much against me. But I did use up to 20x on my entire account when I was just starting out.

How much did you start with?
Gambled to much with isolated 100x and lost a least 1 BTC total shorting the wild beast that is BTC, didn't matter what type of analysis I was using I didn't have enough head room to have it moving against me.

1000 euro 5 months ago. now got well over a million

respect, what analysis do you apply? waves?

>shorting in a huge correction is skill
Ok faggot

I only use basic chart patterns, price action and volume to trade. You don't need the fancy stuff.

Go try it, I'll hold your beer
twitter.com/bitmexrekt
It takes balls to short BTC

I think shorting BTC is a waste of money.
100x of 10% is the same as 10x of 100%.

Ethereum is useless for margin trading. It depends on BTC rather than USDT.

Bitcoin Cash so far seemed like the best coin to go 25x because it constantly went 100-200% in opposition to BTC.

Can you explain what's being posted on that twitter?

No it takes insane instincts to margin 1000-10000x when this pile of shit bounces between 5-10%.

How the fuck is anyone suppose to predict the exact moment the price stops dancing between 97-103% and then goes far far away from your position?
Plus you lose almost all your cash even if you don't get liquidated.
Plus the upkeep of keeping your position open every 24h which encourages you to close earlier so you don't lose 20% of your total gains.

Do you only short or go long also?
And do you only short BTC or do you short altcoins too?

Nice photo shop baggie

People getting their margin position liquidated, this isn't just loosing a percentage of your money, it's loosing all of the money you've put on a position.

So you're gambling.

total newb here
went in bitmex, 100x leverage with 0.49btc
got liquidation notice
continued trading for a few minutes
until I realized what had happened

I don't understand

A bot that tells you when people lost all their money.

You shouldn't trade on bitmex unless you're an experienced trader otherwise you'll get justed

lmao no you didn't

neither did I

see, I thought I would make a killing, to short btc with leverage of x100.
since my gut feeling was, its gonna crash
from around 8k to 5k
due to bitcoin cash, BCH

but instead, since I never used bitmex
I entered all the numbers wrong
the price moved slightly up, took all my money, 0.49BTC
and said "liquidation notice"

I thought its something the trollbox people are sayin
and continued "trading"
until I realized... oh, my money is gone.
and then btc did go to 5k.

bitmex is made for gamblers, people who throw dice in casino

its made to steal your money, that faggot CEO Arthur just stole everyones BCH and sold it himself.

Use isolated x2 leverage max if you're a beginner, and look up a minimum how to margin trade before getting into this.

>I only use basic chart patterns, price action and volume to trade. You don't need the fancy stuff.
if you're not LARPing, you're just asking to get JUSTed. and I can't wait

Look retard x100 means that 1% in the wrong direction and you are gone, x20 means 5% etc . It's not as if the faggot CEO put your order.

Experience in a market is more important than some fancy indicator. I've been doing this 18 hours a day for 130 days now and still getting better. I don't keep my profit on bitmex, I cash it out. No JUSTing here.

Ok OP post a screenshot sample of your latest trade history if you're not LARPing bitmex.com/app/tradeHistory

i have about 6 btc. should i margin trade with it? best possible outcome?

what if I made an ethereum contract that gets the price of ETH in USD using oraclize and allows people to conduct decentralized margin trading (all the fun of etherdelta but for margins!)?
does this already exist?
mostly asking because it says not allowed in the US so this would allow anyone to do it

why the trade history

how did you get started, did you only look up what margin trading means and got your toes wet and learned from there?

tf is bitmex and what does it do/how do i make money on it pls halp am a niceboy

At what PNL do you cut your losses?

nvm already exists in about 3 forms

I did some trading on bitfinex back in 2013 so I had a basic understanding of how everything worked. Then just googled everything I wanted to know about futures and margin trading. Bitmex has an extensive info section as well.

So even if you know for a fact Bitcoin will be worth about 3k less by the end of the day you'll still get fucked if someone decides to buy the """dip""" and makes the chart bounce up a bit?

No definitive PNL, it depends on the price action and whether my leverage is low enough to hold it until the price comes back to me. Preferably you want to get a good entry and then put a stop on breakeven, so you never go underwater.

>Experience in a market is more important than some fancy indicator.
I'm not arguing against that point, but you said you pull max leverage on things that you have "gut feelings" about
You proved that it can work in your favor. this time. but I doubt we'll be seeing you around here with the same attitude if things ended up on the other spectrum

I don't pull max leverage, ever. I did some high leverage trades when there was china FUD because that was a 100% guaranteed trade, and because my capital was small enough that I could afford to take risks with it.

Exactly, that's why it's not good for bullshit TA fags with not experience, you have to be 100% percent sure about every trade. Buying and holding a falling knife until it moons is easy compared to this.

Binaryballs on Byteball can do it

But if you're in cross leverage you're actually on max leverage. It's just that they have a deleveraging engine.

>I don't pull max leverage, ever

>I always use cross

>Bitmex

Noice

Cross leverage just gives you more flexibility to put orders without hitting the limit of your isolated margin.
I obviously won't let the position use up my entire account and liquidate me. You shouldn't do that with isolated margin either, because liquidation takes away another 0.50% from the maintenance margin. A 100x position gets liquidated after 0.50%, not after 1%. It's far better to use cross leverage and put a stop at a 1% loss instead

Cross leverage is not "max", it's just a different way of doing it than isolated margin.

Oh that's right.
>tfw want to start trading again
>tfw you get adrenalin rushed when trading and especially when you're close to liquidation
I might have a gambling addiction

I know. You're just making very ballsy moves my friend. Good luck on your JUST-free endeavors.

Good job dude, may you never get justed.

Thanks. If you're a gambler you should love bitmex, but just try to avoid getting sucked into the monitor. Keep your head cool and take it serious. Good luck

I'll take it slow this time, start with x2 and work my way up.