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Author Topic: Bitmex/Deribit for noobs - Leveraged Trading. Longs and Shorts!  (Read 2682 times)
allmeat27 (OP)
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October 19, 2018, 06:10:47 AM
 #161

Gonna hold this long for a bit I think. Maybe 6550 if I'm lucky.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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allmeat27 (OP)
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October 20, 2018, 05:29:10 AM
 #162

Boring day. Still looking at maybe 6500 to close this long.
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October 21, 2018, 04:40:29 PM
 #163

Missed the wick unfortunately. Still long here, but may close early.
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October 23, 2018, 01:48:31 AM
 #164

Took profit at 6425 and flipped to short. Likely a short term play.
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October 23, 2018, 05:10:28 AM
 #165

How do you manage to enter or exit at the wicks? Do you use limit orders or do you want for some pullback or bounce. Basically ever since that last update that they did, the trading engine is usually overloaded and you can't get any trades in at all.

Basically its gotten so bad that you are better off just using another exchange and just base the trades on what is happened with Bitmex.

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allmeat27 (OP)
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October 25, 2018, 01:42:24 AM
 #166

Sitting out for a bit. Would like another long at 6325 or so. Or may short 6450.
allmeat27 (OP)
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October 29, 2018, 01:16:40 AM
 #167

Insanely boring last couples days. I'm betting on a quick drop then a climb ,but I have no idea when or how much.
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October 30, 2018, 06:29:54 AM
 #168

Glad I sat out. I think I'm targeting a 6200 long here.
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November 01, 2018, 07:44:47 AM
 #169

Really wish I did 6215 instead of 6200. Missed the jump. Not sure what is happening next. I think it should have pumped higher so now I'm skeptical.
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November 04, 2018, 04:38:22 PM
 #170

Almost longed 6330 as things were looking juicy but felt too risky Sad

This still looks like it has some room to go. Maybe 6550?
macstrong12
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November 04, 2018, 05:56:50 PM
 #171

I don't think Leveraged trading is a good idea for noobs , not even average traders , I think it's only for experts , It has high risk yeah it could be more profitable as the same time it could be more damaging , I haven't tried bitmex yet coz i dont think im and advanced trader yet!
allmeat27 (OP)
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November 06, 2018, 05:15:59 AM
 #172

6550 still seems possible, but 6420 seems to be a bit of a block. Scared to long here in fear of a quick 6050 drop. Sitting out tonight for sure.
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November 07, 2018, 07:02:14 AM
 #173

Sometimes I wish I listened to my own calls. Currently short at 6520 rather than 6550 like I should be!
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November 07, 2018, 07:49:59 AM
 #174

Sometimes I wish I listened to my own calls. Currently short at 6520 rather than 6550 like I should be!

The way I see it, the most potential resistance is going to be $6800 area.

I think the bull trend is too strong to stop here. Look at the huge premium now for the future contracts, especially March 2019. Also we had positive funding a few times in the last few days.

With BCH, XRP also pumping like crazy, not a good time to short BTC in this area unless its a small scalp.

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..BUY/ SELL CRYPTO..
allmeat27 (OP)
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November 08, 2018, 05:08:22 PM
 #175

Great drop. Long here at $6400, not sure when I'll close.
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November 11, 2018, 03:23:48 PM
 #176

Long at $6330 but will likely be a somewhat short one.
allmeat27 (OP)
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November 13, 2018, 03:14:28 AM
 #177

Fortunately got out of that pretty early. Now long at 6285.
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November 13, 2018, 03:19:23 AM
 #178

This is an easy way to earn money and it will make you easily bankrupt. This is not the investment field, this is a game based on luck. So if you get too involved in this area, you will soon be owed a lot of money. I used to have a friend who owed more than $ 30k just because I was in the game for 2 months.

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allmeat27 (OP)
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November 13, 2018, 07:58:54 PM
 #179

I opened a short at 6315 and exited all my alt coin positions last night. This seems obvious to retest the lower 6000's again. Will keep an eye to see if anything changes my mind.
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November 17, 2018, 07:33:01 PM
 #180

Well I was 100% right but jumped back in way too earlier. Very surprised it went this low. Should bounce back to 6k but who knows at this point.
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