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541  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitmex for noobs - Leveraged Trading. Longs and Shorts! on: May 30, 2018, 08:05:37 PM
Riskiest option you choose if you do margin trading on any exchange specially on bitmex with x100 leverage .
people thing one right move will turn their 100 bucks into 200 with just 1% difference in predicted trend . but it is totally gamble , margin trading should be done with low leverage . i tell you reason why .

suppose you have 100 usd only on bitmex and do long btc at 7100usd at x100 leverage , after 15 mins btc dip upto 7015usd  and later it bounce back to 7400 usd . bcoz you had only 100 usd so in that case your order will be liquidated at 7029usd (1% of 7100 at x100 leverage) . even after choosing a right move you lost it just bcoz 1% dip .
correct me if i am wrong .

You are correct, but thats why I suggest using Cross leverage. If you have 100 USD on bitmex, only bet $20 of it. This will mean it can dip to 6850 (napkin math) before you lose your entire balance, but you can lose more than the $20 you put in. Check the tips thread for a full explanation.
542  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitmex Tips - How to not lose your house and maybe even make some money on: May 30, 2018, 06:40:48 PM
Unfortunately never hit my targets before this dump. Sitting out for now, kind of a no trade zone.
543  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitmex Tips - How to not lose your house and maybe even make some money on: May 30, 2018, 05:05:37 AM
Looking to short between 7600 and 7800
544  Economy / Trading Discussion / Re: Bitmex for noobs - Leveraged Trading. Longs and Shorts! on: May 29, 2018, 08:28:44 PM
Welp, very wrong on Sub 7, that's what stop losses are for! Waiting for 7650 and shorting there today.
545  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitmex for noobs - Leveraged Trading. Longs and Shorts! on: May 29, 2018, 08:28:19 PM
Welp, very wrong on Sub 7, that's what stop losses are for! Waiting for 7650 and shorting there today.
546  Economy / Trading Discussion / Re: Bitmex for noobs - Leveraged Trading. Longs and Shorts! on: May 29, 2018, 05:43:19 AM
Thinking sub 7 is coming soon. Shorting with tight SLs today.
547  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitmex for noobs - Leveraged Trading. Longs and Shorts! on: May 29, 2018, 05:41:52 AM
Thinking sub 7 is coming soon. Shorting with tight SLs today.
548  Alternate cryptocurrencies / Speculation (Altcoins) / Bitmex/Derebit for noobs - Leveraged Trading. Longs and Shorts! on: May 28, 2018, 05:06:47 AM
Huge note: Bitmex is cracking down on it's no US users policy. You used to be able to sign up via VPN and it was fine if you never used the VPN again. Now, if you login using a US IP they flag you. This means you need to use a VPN every time you login. The new up and coming futures exchange is Deribit which I've started using instead of Bitmex. The volume is lower, BUT it doesn't have the "System Overload" problems that Bitmex does. The fees are also lower on Derebit.

Note, you do get 10% off fees if you sign up through a referral link. Feel free to use mine: https://www.bitmex.com/register/astVxa and https://www.deribit.com/reg-4025.4455, but even if you don't use mine, use someone's because it's 10% off fees, which adds up. You're literally throwing away 10% on every trade if you don't use a referral.

I kept seeing the Bitmex wrecked twitter thing and seeing mentions of leverage all over 4chan, but had absolutely no idea what it all meant. It also looked too complicated for me so I've always ignored it. Got bored today and it's actually much simpler than it seems. There's a ton of guides that go super in-depth and those made absolutely no sense to me, so I'm going to explain it from an idiot's perspective.

First of all, the draw of Futures Exchanges is you can do what's called Leveraged trading. In the simplest terms possible, it means you multiply your percentage gains/losses. If you go 10x leverage long on bitcoin and bitcoin gains 1%, you gain 10% more money. This is super cool for impatient people like me because it allows you to trade more actively without getting wrecked by fees, and it's ridiculously exciting.

Again, both Bitmex and Derebit don't allow US users, so unless you're outside the US, you need to register under a VPN (and continue using VPN on Bitmex, Derebit should just be register under it and you're done). I use NordVPN and it's only $3 a month.

Once you're registered, deposit some BTC into your Bitmex/Derebit wallet. When you first open the trade screen it's going to look super complicated. It's not.

Buying Long on a coin means you expect it to go up. Buying short on a coin means you expect it to go down. Playing those buys works like any other Exchange (i.e. Binance). You can set a limit price to buy in at and an amount. to buy.

Now you want to pick your leverage. In the menu below that, there's a slider. Again, each multiplier of leverage means every 1% = your leverage multiplier. 1% gain with a 25x leverage means 25% gain. I would start with 2x/3x leverage until you get a good handle on things.

The Cost number below the buy long/buy short number is the big one here. With leverage, you're essentially putting loaned money toward a coin. With 10x leverage, you can buy 1 BTC even if you only have .1 BTC (this is why the percentage gains are so drastic). However, this means you can lose it as well.

Let's say you bought 1 BTC at $10000, Long at 10x leverage (So you put in $1000). If BTC dropped 10% to $9000, you would lose all $1000 you put in. If it went to $11000, you would gain $1000 and double your money. Bitmex will auto "liquidate you" if you drop too far and don't have any more money to cover (10x leverage means if it drops more than 10% you lose all the money you put in. 25x leverage means if it drops more than 4% you lose all your money).

You can change orders on the fly and constantly adjust. Let's say BTC raised to $10100 (1%). You could then sell your long order and you will have gained 10% and now you can invest your $1100.

Note, on Derebit, each contract is $10 rather than $1, meaning a 10,000 contract order on Bitmex is the same as a 1,000 contract order on Derebit.

Like I said, there's a ton of guides out there that go into the more fancy TA and ways you can adjust orders, but this should provide a quick overview to get you started. They have a testnet site where you can practice with fake money first as well.

Part 2 with more advanced tips here: https://bitcointalk.org/index.php?topic=5038481.0
549  Economy / Trading Discussion / Bitmex/Deribit for noobs - Leveraged Trading. Longs and Shorts! on: May 28, 2018, 04:59:45 AM
Huge note: Bitmex is cracking down on it's no US users policy. You used to be able to sign up via VPN and it was fine if you never used the VPN again. Now, if you login using a US IP they flag you. This means you need to use a VPN every time you login. The new up and coming futures exchange is Deribit which I've started using instead of Bitmex. The volume is lower, BUT it doesn't have the "System Overload" problems that Bitmex does. The fees are also lower on Derebit.

Note, you do get 10% off fees if you sign up through a referral link. Feel free to use mine: https://www.bitmex.com/register/astVxa and https://www.deribit.com/reg-4025.4455, but even if you don't use mine, use someone's because it's 10% off fees, which adds up. You're literally throwing away 10% on every trade if you don't use a referral.

I kept seeing the Bitmex wrecked twitter thing and seeing mentions of leverage all over 4chan, but had absolutely no idea what it all meant. It also looked too complicated for me so I've always ignored it. Got bored today and it's actually much simpler than it seems. There's a ton of guides that go super in-depth and those made absolutely no sense to me, so I'm going to explain it from an idiot's perspective.

First of all, the draw of Futures Exchanges is you can do what's called Leveraged trading. In the simplest terms possible, it means you multiply your percentage gains/losses. If you go 10x leverage long on bitcoin and bitcoin gains 1%, you gain 10% more money. This is super cool for impatient people like me because it allows you to trade more actively without getting wrecked by fees, and it's ridiculously exciting.

Again, both Bitmex and Derebit don't allow US users, so unless you're outside the US, you need to register under a VPN (and continue using VPN on Bitmex, Derebit should just be register under it and you're done). I use NordVPN and it's only $3 a month.

Once you're registered, deposit some BTC into your Bitmex/Derebit wallet. When you first open the trade screen it's going to look super complicated. It's not.

Buying Long on a coin means you expect it to go up. Buying short on a coin means you expect it to go down. Playing those buys works like any other Exchange (i.e. Binance). You can set a limit price to buy in at and an amount. to buy.

Now you want to pick your leverage. In the menu below that, there's a slider. Again, each multiplier of leverage means every 1% = your leverage multiplier. 1% gain with a 25x leverage means 25% gain. I would start with 2x/3x leverage until you get a good handle on things.

The Cost number below the buy long/buy short number is the big one here. With leverage, you're essentially putting loaned money toward a coin. With 10x leverage, you can buy 1 BTC even if you only have .1 BTC (this is why the percentage gains are so drastic). However, this means you can lose it as well.

Let's say you bought 1 BTC at $10000, Long at 10x leverage (So you put in $1000). If BTC dropped 10% to $9000, you would lose all $1000 you put in. If it went to $11000, you would gain $1000 and double your money. Bitmex will auto "liquidate you" if you drop too far and don't have any more money to cover (10x leverage means if it drops more than 10% you lose all the money you put in. 25x leverage means if it drops more than 4% you lose all your money).

You can change orders on the fly and constantly adjust. Let's say BTC raised to $10100 (1%). You could then sell your long order and you will have gained 10% and now you can invest your $1100.

Note, on Derebit, each contract is $10 rather than $1, meaning a 10,000 contract order on Bitmex is the same as a 1,000 contract order on Derebit.

Like I said, there's a ton of guides out there that go into the more fancy TA and ways you can adjust orders, but this should provide a quick overview to get you started. They have a testnet site where you can practice with fake money first as well.

Part 2 with more advanced tips here: https://bitcointalk.org/index.php?topic=5038481.0
550  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitmex Tips - How to not lose your house and maybe even make some money on: May 28, 2018, 04:11:56 AM
Great success playing between 7400 and 7300. Keep tight SLs on your longs though, should still be overall bearish.
551  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitmex Tips - How to not lose your house and maybe even make some money on: May 23, 2018, 03:52:39 PM
Longing 7650. This bear run is nasty though.
552  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitmex Tips - How to not lose your house and maybe even make some money on: May 22, 2018, 05:42:06 AM
Short worked out well, but not feeling as confident about 8800. May sit out for a bit and see what happens. Waiting for an 8450 break or an 8100 break.
553  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitmex Tips - How to not lose your house and maybe even make some money on: May 21, 2018, 05:06:29 AM
Shorting to 8350. Longing there to 8800ish for the final wave down after that!
554  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitmex Tips - How to not lose your house and maybe even make some money on: May 19, 2018, 01:18:55 AM
7.8k still not hit unfortunately. No trade zone IMO right now, waiting for either 8350 to confirm up or 8100 to confirm down.
555  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitmex Tips - How to not lose your house and maybe even make some money on: May 16, 2018, 07:59:41 PM
Long range didn't hit unfortunately, but crazy day riding pumps and dumps. Great day to demonstrate the massive amount of money you can make (or lose!) from bitmex. Shorting from 8400 to 8k now.
556  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitmex Tips - How to not lose your house and maybe even make some money on: May 16, 2018, 03:02:39 AM
Short at 8700 certainly did well! Layering longs from 8k to 7.8k for a bounce.
557  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitmex Tips - How to not lose your house and maybe even make some money on: May 13, 2018, 07:17:39 PM
Shorting at 8700 if it hits it today. Tight SL around 8750 in case it decides to go nuts.
558  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitmex Tips - How to not lose your house and maybe even make some money on: May 11, 2018, 03:48:43 PM
Admittedly did horrible the last few days. Kept expecting a bounce, but never got one. Always use stop-losses! Hoping for 8450 then bounce for now.
559  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitmex Tips - How to not lose your house and maybe even make some money on: May 08, 2018, 05:39:51 PM
Tough position today. Longing 9050 and shorting 9300 probably.
560  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitmex Tips - How to not lose your house and maybe even make some money on: May 06, 2018, 06:55:21 PM
Sitting out most of the day today. 9500 is an interesting range where we will either test 9100 or pump back up to test 10k again. Not worth the risk other than small scalps.
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