Hi. Today i want to tell my history at leverage in BITMEX and BINANCE and try explained what i have learndt. First: In most of the cases HIGH leverage is like a casino and the Exchange always will win. Anyway, at the start i don´t have won nothing, actually i loss more then 20% of my profit in only one '' long ''. But i realize is better perform operations (Short / long) maximun 1hour our 1/2 day (s), because if you dont do this you will lose so much at the tax and in the 'funding rate'. I realize that if you want to won USD you must have stop loss and stop gain, because without this in most of case you will lost a lot of money and this lost could be avoided. In my opinion the maximum of Levels you need is 3x, i usually use only 1x or 2x (it means I dont use leverage levels at this case '1x', but it is necessary if a want to short. If you are long without leverage '1x' is better just buy bitcoin at normal way, because in 'futures' or 'Bitmex' you will pay funding rate). One of the better ways to operate is look for suports and resistences, fibonnaci, Bollinger Bands, Moving average (50,200), and operate in charts of 15minutes and 1 hour. In my oppinion Binance 'now' is better then Bitmex, because 'now' you can operate in 'futures' with usd, not in btc like Bitmex. It means you can trade btc and your usd't 'will be safe.
Ps: I'm sorry for any grammar mistakes.