Bitmex/Deribit for noobs - Leveraged Trading. Longs and Shorts!

[allmeat27]

I got absolutely blasted. Wrecked multiple times. Lesson learned, quit trying to catch the bounce. I'm making smaller, quick trades right now because I have absolutely no idea where this is going. I'm hoping for another 4k test.

[allmeat27]

Longing 4080 here I think

[allmeat27]

Solid long. Took profit at 4250. Looking at 4120 here now maybe.

[allmeat27]

Took a bit of a hiatus. Bitmex cracked down on US users and the uncertainty of it made me pause a bit. I'm still using Bitmex a bit, but had to make new accounts.

I've switched primarily to Derebit (https://www.deribit.com/reg-4025.4455 for 10% off fees!). The fees are less there and there's no System Overloaded crap. However, the volume is much lower so it takes some getting used to.

Looking to long 3250 here.

[allmeat27]

Need to do a better job updating this! Been getting used to Derebit and not having to worry about system overload, has definitely altered mytrading strategy!

The long at 3250 was great, but took profit WAY too early. Currently playing swings. Possibly looking for a relong at 3650ish.

[xcajun21]

I got absolutely blasted. Wrecked multiple times. Lesson learned, quit trying to catch the bounce. I'm making smaller, quick trades right now because I have absolutely no idea where this is going. I'm hoping for another 4k test.

A friend got busted by system overload on bitmex. Not even rushed to trade, he analyzed 9 times and traded once, but got hit by their fancy system performance.
I guess, it's a lesson learned, 1 more way to fail out of hundreds of possible ways... only few ways to actually succeed out there.

[allmeat27]

Got in at 3720. Holding this until 3900 I think.

[allmeat27]

Took profit at 3770. Indicators needed a reset. Might try to relong at 3700.

[allmeat27]

Broke 3700. My next long is at 3525.

[allmeat27]

Feelsgoodman. Profit at 3900. Sitting out for a bit. This is unpredictable as hell right now.

[allmeat27]

Triangle is really tightening up. I'm really hoping for a 3650 but not sure.

[allmeat27]

Didn't quite get 3650. Bummed. Might look for 3700 now cause I missed it.

[allmeat27]

Taken a bit too long to hit 3700. Might move it lower. Possibly looking for 3620 now.

[allmeat27]

I'm really liking Deribit so far. Not having system overloaded problems completely changed my trading strategy for the better.

[allmeat27]

Too hungover to trade last couple days! I'm shorting 3900 here if it gets there. Would love for it to drop out of the sky to 3200 and start the new bull run.

[allmeat27]

Ouch. Nutty candle. I'm stuck at an average of 3980 but I'm EXTREMELY nervous for Bitfinex maintenance in 4 hours. Not sure what I'm going to do yet. Would love to close this ASAP.

[allmeat27]

Forgot to post but so much for being stuck at 3980! Great profit. I'm looking at 3550 then up right now.

[allmeat27]

Long at 3505 right now.

[allmeat27]

Serious no trade zone. Going small scalps with tight stop losses because anything could happen here.