Title: New Long Position with Bitmex Post by: aoluain on February 11, 2020, 11:11:20 PM On the 22nd of January I made a move with a very small amount of BTC
to open a "long" contract with Bitmex, I deemed it a good time as Bitcoin had been hovering around $8500 for a while after raising from the sub $8000 mark. I pulled the trigger at $8708 with 0.004BTC and added a further 0.0015BTC on the 25th with a 3rd and final top up of 0.0013BTC last week all on a 5X leverage. By this weeks Bitcoin movements it looks like it has been good timing, I am getting further and further away from my liquidation price of $7392. I havent traded for over 18 months so hopefully I can make a healthy gain from this little move! https://1.bp.blogspot.com/-YTh5pbmVF7g/XkMtJi-njJI/AAAAAAAAAgs/ohPRrl-kMVsBkrkSlJsu1RsOPcAINYHPQCNcBGAsYHQ/s1600/long.jpg https://1.bp.blogspot.com/-LosELEEnrks/XkM0Q4jeXYI/AAAAAAAAAg4/1Pn-OgwbxBkZU4dOr_UhBzlNuF5D-QB2gCNcBGAsYHQ/s1600/long-2.jpg Title: Re: New Long Position with Bitmex Post by: maxreish on February 12, 2020, 02:09:06 AM Wow, you made a good trades, buddy. You have chosen a good leverage, too. If you continued your margin trades until now, your profits is really huge since the price of btc now is $10k and your liquidation price is still far. But i don't advice you to be greedy that much.
Two days ago, I've entered long position too. Unfortunately, when majority of the traders (like me) expecting the bull run and I can see how that sideway done and many of the traders who has 20x leverage and above has been liquidated because it suddenly dropped. Good thing I have stop loss, if not I have been liquidated too. Anyway, good job, OP. Title: Re: New Long Position with Bitmex Post by: aoluain on February 19, 2020, 10:01:01 PM Im happy with the position, its still live and I havent been liquidated yet,
I actually doubt that I will get liquidated. I have been thinking on when to take the rewards and I guess $60k and with all the talk about Bitcoin in 2020 and many many forecasts that $60k may very well be this year! |