I LOST ALL MY MONEY AGAIN
I LOST ALL MY MONEY AGAIN
>longing the king
why didn't you just short?
why would anyone go above x5 when they just start out with this shit?
boggles my mind...
Going above x10 is dead
Really bogges my long
i literally only trade at 50x, 25 is as low as i'd be willing to go otherwise the gains are just too little.
WHAT STOP LOSS SHOULD I USE MAN??? PLEASE TELL ME!!!
using anything but short is dead
you just gotta have enough cash on the side to keep it from liquidating on short squeezes
how much leverage?
cross or isolated?
I want to short with leverage but in a volatile market like this. Fuck volatility man
I was literally only using 15x, I longed at 7950 with no stop loss because every time I've used a stop loss it's just touched it then done done a complete reversal so I get no gains
>Long with high leverage in a crashing market
15x isn't even that high though
The trend is your friend, start at weekly charts and zoom into your preferred timeframe and prioritize positions that go in the direction of the trend, you have to have reasonable stop losses in place (use stop market orders with close on trigger selected), never use cross leverage (looks deceiving and often leads to over sizing of orders), cost average your entries in and finally only enter with 10-25% of your account and leave the rest for hedging, adding (when its profittable and on breakouts), delvering (if it goes tits up but you believe in the position long term/don't want to stop it out) - combined with stop losses that gives you 4 options to manage risk when the market goes against you. 15x is pretty high leverage when you think about it -6.66% = liquidation of your margin, I'd recommend actually grinding on lower leverage like 5x with a focus on consistency over gains, aim for something like 1% a day if you are serious trader. If not then you shouldn't be on Bitmex in the first place other than to perhaps hedge your holdings by opening a leveraged short (a better alternative to moving back to fiat). Then once you've made say 10% or so you can reward yourself and withdraw 5% of the gains back to your wallet and send 1% of that 5 into a new Bitmex account and then play with high leverage like that, once you get good at sniping (and providing mex isn't fucking you over with overloaded orders) you can 100x and probably be successful a lot of the time. Now get back to work and build up some fresh capital to buy these incoming BTC lows and get back to it. You are gonna make it!
t. Bitmex trader since 2016
I trust you, you sound knowledgeable.
Be honest, how much have you made this year so far?
Is x10 okay? x5 seems a tad too low
I like x8
how much % a day is reasonably good on bitmex/achievable?
>5x is too low
Even 2x leverage is too high. Look at the volatility of btc, it's in the hundreds in just one day. Only leverage if you know what you're doing.
I've lost over 10 btc on this scam site
I swear they rig it so you always lose
SAME DUDE... AS SOON AS I FUCKING LONGED IT CRASHED BY THE FUCKING 300 AND LIQ'D ME FUCKING OATH AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
This guy fucks.
I'm on 8-9x leverage most shorts, this shit aint going up and up until it at least goes to 7.3k first, fake outs and reversals can fuck themselves.
I hate day-trading so I don't try and scalp the bounces, just hold the shorts until it hits big resistence. Took profit at 7.5k today, shorting again with liquidation at 8470.
shorted at 8K at 25X. First time using BitMex. Closing at 7200 conservatively, but we're probably going lower.
>2x is too high
>in a clear downward trend
>would literally need BTC to go to 14k before getting liquidated
you will lose your first 2-3 deposits and then give up in the end.dont fall for the get rich quick stories.bitmex,finex,etc are going to take all your money.if you really want to learn stuff you must start very low (10 dollars or coffee money) when you lose them all just make another deposit (half of the original deposit) in the end if you lose 15 dollars isn't a big of deal.
>but i want to make money,small amounts are so boring
go to the casino
a fool and his money are easily parted
none, leverage more.
>hurr im an alpha chad
Yeah, let me see your trades then. And no, demo doesn't count.
You're doing it wrong.
anywhere amerifags can short btc? i’d use a vpn but i’m worried about getting v& or something