Alright. I'm only seeing success stories from this shit, surely some anons have gotten JUSTed here. Share your stories...

you have gambling predespositions

this kind of shit happens way too often

>using stops
heh

Lmao i know that, used to gamble tons. lost my whole bank account but luckily made it back with the tiny bit i had left and broke even. quit online gambling that day, not counting a little bit of crypto gambling of about 20 bucks every now and then.

I would honestly die of anxiety otherwise.

Exactly the same story. Liquidated on a long. It went 2 dollars below my liquidation price then back up immediately.

Some retard billioinare gave me and my friend "inside info" that after the first futures expiration they would pump btc. I lost 50 btc 1 month ago and my best mate lost 250 btc....So yes there are losers. And after that i am never touching it again

If you truly believe in your position, what good does a stop do? Hitting your stop then taking off in the opposite direction is the ultimate JUST

Noticed a bug.
Submit a limit order. Just before it appears, someone submits an overlapping order.
My order is immediately fulfilled, without the dialog about taking the market price. Is marked as Limit in my order history.
However, is displayed as it was Taker transaction in recent transactions. The Taker fee is withdrawn.
Bottom line: I want to submit limit order with low fee, but Bitshit handles I as market order with high fee.
Anyone else noticed?

I use tight stops and 10x leverage. In september-december it was absurdly profitable. These days its just too dangerous.

Got liquidated for 8.23 btc today on a short that surged up, the GUI froze about 100 from my liquidation price and then unfroze with a "DING" to let me know i was liquidated. I even made bitmexrekt. Had my s&w .40 cal in my mouth about 2 hours ago but decided against it. I have 0.4 btc left and i'm going to try and trade it back up. That's all i can hope for.

Cont from above billionaire post.....Just too much stress for small gains, can play the alt coin/ bitcoin game for less stress and similar gains. When i used bitmex i found myself glued to the screen and I definilty did not like that

Cont.....

Also when btc dipped to its lowest point the fkn bitmex froze up so prevented me and my friend putting any longs on, and when we could access it again it was up like $1000

Holy shit, can you post the trade?

I may later, I'm not going on there for the weekend. I don't want to an hero right now. Seriously. Say what you want, i'm fuckin' triggered.

Ouch dude, you'll make it

if you trade at more than 5x you're greedy

3x is the thinking mans leverage

Yeah I've gotten justed, 0.1 BTC loss, recovered on it today with the recent crash from 9400 to 8300. Today I'm looking for 1 more entry to get into profit.

I'm going to be dead honest here. Does anyone have any resources they don't mind sharing on entry points or tradingview resources for margin trading? If not, that's cool. I've just had a rough day and feel like i'm trying to pick up the pieces

so it seems like this is the only way to make money currently? i see on twitter on here all the time people making huge ROIs.

what is the downside and why shouldn't i allin into bitmex coin right now?

Can someone explain leverage to a brainlet? So if I short or long do I have to choose the exact price I think it will go to? what determines a liquidation? Going just a cent above if you short and vice versa?

i would be also.

use the same TA for normal trading, understand the trading range for the past few hours and set your stop loss just outside of it, try it keep it around 20% and don't trade all your money

just open an account on their testnet(is slow as fuck but you can grasp how it works)/read their faq or play with the real platform like a big boy

That's what I saw too, I but as evident in this thread, there are alot of JUSTs behind the success stories

You buy more contracts than you can afford. 100x leverage = 1% movement in either direction gets you 100%gain/liquidated, 50x =2%, 25x = 4%, 10x = 10%.

3x is for faggots. 25x is for high-risk high reward alpha chads. just remember to set a stop loss.

got it. nice one anons

the site allows you to buy nx more contracts than you would through leverage (n=10,25,50,100 mostly). You either go long or short, then you have liquidation price that is your lose everything price. if btc goes up 1% and your leverage is 10x, you get 10%. if it goes 10% and your leverage is 50x, you get 500%. You decide when to realise the profits, when you approach liq price you can add margin, so put the price further.

mobile.twitter.com/bitmexrekt?lang=en

Watch this

you have .5 btc, you buy (randomcoin) on bitmex that is trading at .1 btc each, normally you could buy 5 but you leverage at x2 so you have 1btc means you can buy 10 of the coin

your leverage determines your liquidation price, 2x means that if the price goes in the opposite direction of your contract (up 50% in a short, down 50% in a long) you will be liquidated, 10% in 10x etc

I have 0.0087 btc right now and I'm a happy man. There's is absolutely no reason why you can't be a happy man too.

i have 2 btc and i'm pretty happy

Well unfortunately to my own stupidity i have a 1500 dollar a month lease to pay on my car(Mercedes E63 AMG S) and that's gonna really start eating profits up if i don't get ahead of it now.

P.S.- It is the loser suicidal guy, i just changed computers

Don't put in more than you can lose. You should be following that rule in genrral, but really with BitMEX.

50x is for degenerate gamblers, what is 100x for

Well, my first attempt at BitMEX resulted in me losing 100% of my funds

My second attempt saw me turn 0.02 BTC into 0.72 BTC in 3 days

From 0.31 тo 0.06 in two week.
Not /comfy/.

What the fuck is that return today? Did you 100x on the exact bottom/top or something?

You’re not even going to get to 50 replies normie

Arthur got to eat, for every winner there are at least 100 losers

>implying

...

Shorted btc from 7.1k to 11.5k with a huge short
Shorted from 11.5k to 11.3k with a small short
Shorted from 10.8k to 10k with a small short
Longed from 9k to 8.4k with a medium short

I lost track of how much I lost, pretty much everything I had, feel like killing myself

I knew btc would crash which is why I kept my short on the way up and kept adding funds to avoid liquidation, but it got to the point I couldn't add funds anymore so I closed most of my short, and that's when it finally started crashing

I mean why? Just, why?

wreck it and claim insurance. easy peasy. NEXT.

>Shorted btc from 7.1k to 11.5k with a huge short
Fucking jesus

Daily PNL or gtfo

i longed 50x at 8500 before the run to 12k
got liquidated at 8400 because i was too noob to add to my margin
would've unironically made it and been done with this shit

the fun of the game is what makes it worth playing desu

Trading is a skill. Don't trade for amounts that matter to you when you're clueless.

>reads whole thread
>literally zero positive stories

don't take trading advice from biz

A lot of info convinced me that btc was going sub 1k, when it was at 7k I never thought it would break 9k, much less 10k or 11k. I know I'll be right, I know it will crash hard. If it had stopped at 11.4k I would have been good, but it kept going further. I am completely exhausted and depressed now, staying up day and night watching the charts, setting up alarms before going to sleep, all for nothing, I would have 4 btc now if I hadn't had to close most of my short at 11.5k, instead I'm left with 0.5 btc, and don't know whether to long or short with what's left anymore.

Last night Teeka said it would double bottom at around 9k, some japanese whale said to buy the dip around 9k, I thought hey might be good to long at 9k I might make some of my money back and then I will short higher. Nah I got fucked as usual.

Im going to be completely honest, never fucking go to that site. I've lost my entire portfolio, a year's worth of trading alts, in 1 month there. If you absolutely determined to lose all your money, use my ref link to sign up so at least you get 10% off fees and your enevitable doom is put off slightly longer.
bitmex.com/register/SVU1C1
I just encourage you to read all of the stories from anons who lost everything. But like I said, if you're really determined to lose everything, at least sign up with my link so I can get a few pennies off your impending demise.

yes it's rigged you won't win unless you're lucky. realised that after losing 2k and not sure how much of it was due to fees lmao

Fees are actually negative if you use limit orders, meaning you get paid. Market orders will kill you though, especially with high leverage. Many anons don't realize that your fees are multiplied by your leverage.

no

it's not that hard to make money if you just aren't really greedy, 5x is the absolute most you should trade on leverage

Even with 5X it's extremely easy to get liquidated

No it's not. On 5x you would need a 20% movement to get liquidated. If you longed from 9k, you would get liquidated at 7200.

Just play forex, its actually legit and not a scammy bucketshop

That would take a 20% price movement. It happens but saying it's "extremely easy" is pretty ridiculous. Especially since you can place a stop anywhere short of that.

If you want to know what not to do do the opposite of me

I have a small long open now, size 27000 entry 8800 liq 8350 (I'll probably close it if it gets sub 8800 though), I'll let it run for as high as I can, I'm still hoping for a last bull run before the final downtrend to the ground, that's the only thing that can save me now. If I short now and it goes up I would kill myself

Yea I should take a step back and all but I'm too involved now, I gave it all, either I somehow make it or I'm gone

can you have the trade open for as long as you want? Let's say i long at 9k with 5x, could that trade potentially be open the entire time until btc hits 7200 and i get liquidated? Would pretty much be a safe bet then, right? never say never, but i dont see btc hitting 7200 any time soon

Thanks. I've been trading mostly with limit, but the price is so fast I can't keep up.

you know there is a version for practising with?
testnet.bitmex.com/

i'll probably look into this more if/when one of my shitcoins 10x's and i have fuck about money.

Yes, but you'll lose money as it drops, when it's at 8k you'll already have lost half your money

yeah, but i won't actually ¨lose¨ my money for good until it hits 7200 then? If it goes from 9k to 8k but then up to 10k and i never close my trade, i would make money, right

Yes, it could go to 7201 and up to 10k and you'll still be up as if it never went down at all.

nice, guess i'll throw some funnymoney at this and try it out

i mean, either i win or i lose, i'll take those odds

Started with 66 dollars just to see how it felt, made it to 100, got rekt on the drop from 11K+, I kept taking baits to go long and ended with 18. With my last 18 dollars I placed a very conservative long by my standards that liquidated me at 8500 without stop loss and now I'm ded. I don't really regret it honestly, it's made me think a lot about the price of BTC and I'm glad I only deposited play money. Thinking about rebuying with 1K and just 1X long for a while.

My first position on BitMex was the recent XLM pump, made me x3 my investment. Then I tried to do the same on XRP and got JUSTed by the Coinbase CEO’s surprise tweet. Put in more money where I thought it was safe (my liquidation price was extremely low) and lost most of it on the MtGox dump yesterday, then the rest of it on the second dump (in case you’re wondering, the second dump was purely because japanese love being assholes). Lost about $3600 in all, which is about 2 months pay for me. Sucks, but all I need is one good trade to pay off all my debts and have me set for a few years, which is my goal. So I’ll probably be back after every payday until I get lucky. In the meantime, I guess I’ll practice buying the dip on their testnet. My goal is to be long in XRP when their Coinbase partnership is finally announced. $1000 x5 XRP x10 leverage = $50,000. Just hope it doesn’t happen before my next paycheck...

You can practice with it but it's completely shit. It's even more manipulated than the real thing. You can get test net XBT from faucets and completely manipulate the market. Like I clicked on 3 faucets and got ~10 XBT

Okay since crypto is in q bad place, my "investments" have turned to complete garbage

can someone who is decently successful on bitmex tell me what their strategy is? thanks

don't use bitmex unless you're good at trading

How do good people become good?

I'm decent at trendlines and longer timeframe stuff, but how do daytraders learn to daytrade?

do you see bitcoin going anywhere high soon? Upcoming g20 summit at the 19th. I doubt it's going high. Set longs at low 8000s, shorts at 9000s. free epic win money. don't use too high leverage though

practice

write down everything you're thinking about the trade, what are you indicators telling you, what is the momentum what are the trends write down as much as you can so after your trades go wrong (or right) you have something to look at and re-evaluate, write why you are entering the trade. the more you have the more you can look over what worked, what didn't work and how you think you'll fix it

don't start with day trading, start with a few paper trades and take them seriously, once you're confident start making longer term trades and move to intra day then day trading, and especially don't rush into using leverage unless you actually know what you're doing.
this will probably mean you'll lose money in the mean time but everyone loses when they start it's the price of getting better

>k
click post only mode ?

Went all in on short this last drop at 8450. Btc turns around and jumps to 900. thanks bog. The price is going up to liquidate me at 9500 and then drop to low 8s before going down to 4k, eventually.

if you think it's some magic wheel that gives you free money you will be shit on
leverage trading has the biggest risk possible and without knowing TA you have no chances even if you get lucky once or twice

So if you long 100x it means if btc goes down 1% you lose everything BUT if it goes up 1% you win a shitload of money?
Why isn't everyone doing this it seems like a 50/50 chance?
Is there a timeframe where this needs to happen? Like it goes up but has to stay like that for a week? Can't you take ptofits sooner?
Also can you cancel your trade at if btc goes down 0.9% and get your money back?

buy high sell low

Same shit here. I suspect shenanigans.
Everything points to an upwards trend, but the price will dip just enough to rek as many longs as possible along the way, then go back up and follow the trend.

>So if you long 100x it means if btc goes down 1% you lose everything
yes
>if it goes up 1% you win a shitload of money?
you'll double your money (minus fees)

>Why isn't everyone doing this
because people can EASILY push the price down 1% and rekt you
>Is there a timeframe where this needs to happen?
only until you close position by selling/buying
>Also can you cancel your trade at if btc goes down 0.9% and get your money back?
you'll lose 90% of your money

Using Bitmex without a good, solid understanding of TA is absolute suicide.

late 2015 I was long litecoin on bitfinex, lost about 80% of all my money at the time (about $65'000)

since, i've not really made a bad call. was up to close to $5mm back in december

Any money lost through trading is an expensive, but cost-effective learning experience, unless you're stupid

the bogs are real

>still buying high selling low

Someone actually signed up even after I told them explicitly not to lel
>the absolute state of Veeky Forums

I was waiting for it to peak before the drop when it was around 9700. It started dropping way sooner than expected and I had to jump on a moving train. Of course it stopped and reversed at that very moment. I'm still thinking it will go lower. I would do the same again.

>mfw 8.23btc will be worth several millions in an year or two
get fucked retard, you are one of the shrimp we keep track of every time a new account is made. don't an hero, we need you to give us that last bit of btc before you go

for you