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

[allmeat27]

Stuck in a 6500 short but fairly sure it's going to retrace at some point.

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[allmeat27]

Welp I got mega boned on today's pump as I was still in the short. Unfortunate, but it happens. Lost about a week of earnings, time to get back to it. Shorting from 7500 here.

[adaseb]

Welp I got mega boned on today's pump as I was still in the short. Unfortunate, but it happens. Lost about a week of earnings, time to get back to it. Shorting from 7500 here.

It doesn't make sense to short again after being liquidated like that. Unless there is some failed high at $7500, then wait for confirmation first.

I don't know if you read the Trollbox but there are way too many bears on Bitmex which think BTC will go to $2000 next month. They keep shorting, getting rekt and deposit more money into their Coinbase account from their bank account and start shorting again for no reason because people on the trollbox say so.

If you look on the daily chart it we broke the daily resistance of $6800 set last month and looks like we might be near term bullish.

[allmeat27]

Welp I got mega boned on today's pump as I was still in the short. Unfortunate, but it happens. Lost about a week of earnings, time to get back to it. Shorting from 7500 here.

It doesn't make sense to short again after being liquidated like that. Unless there is some failed high at $7500, then wait for confirmation first.

I don't know if you read the Trollbox but there are way too many bears on Bitmex which think BTC will go to $2000 next month. They keep shorting, getting rekt and deposit more money into their Coinbase account from their bank account and start shorting again for no reason because people on the trollbox say so.

If you look on the daily chart it we broke the daily resistance of $6800 set last month and looks like we might be near term bullish.

I highly disagree. Almost every indicator pointed down at 6750 and it still pumped 10%, meaning those were definitely pointing down now. Even if it's a minor retrace to 7.3 (which has already happened), it was still due to go down at some point and is the correct call 90% of the time I think. I'll look at a long term long when I see the 4 hr and daily reset a bit.

[allmeat27]

Another good day. Basically my strategy the last two days has been to find good entry points and then set smaller orders up to $100 passed that point. Even when I miss the entry really bad, it's eventually retracing way passed each one and I've done pretty well. Will likely get caught in one one of these times, but hoping this continues for sure!

[laracastvue]

Stuck in a 6500 short but fairly sure it's going to retrace at some point.

The market price has already improved and it reached $7400 dollars and this is the reason why there is always a chance that the price of bitcoins might pump up anytime soon.

[allmeat27]

Longing 7200 here I think.

[allmeat27]

Another good day. Basically my strategy the last two days has been to find good entry points and then set smaller orders up to $100 passed that point. Even when I miss the entry really bad, it's eventually retracing way passed each one and I've done pretty well. Will likely get caught in one one of these times, but hoping this continues for sure!

Still following this strategy. I think the next move will be 7.8k, but plenty of money to be made before that.

[allmeat27]

7.6k might be the next stop. 7.8k looking somewhat doubtful.

[allmeat27]

Close enough to 7.6k I think thats it. Maybe 7.5k again then 7200 as a retrace.

[allmeat27]

Good 7800 rejection. Next stop is 7.5k or 7.2k I think.

[giacatluong]

Good 7800 rejection. Next stop is 7.5k or 7.2k I think.

Leverage trading is a very dangerous job for beginners. It's not easy to just click, you have two - three times amount of capital, or x10, that's unbelievable. It's like putting yourself in a gambling game to put one and win 10. Be careful !

[allmeat27]

This continue test of 7.8k is scaring me a bit. 2h, 4h, and daily are all curving down, we'll see how high it goes.

[allmeat27]

Whew was I wrong! No trade zone right now. I'm thinking maybe 8.4k then down, but who knows at this point.

[allmeat27]

Thinking an 8050/8k bounce to maybe 8.3 again.

[pumbum]

I believe that the leverage that can be used when trading Bitcoin can be a maximum of x3, all that above is a huge risk. Bitcoin is already volatile and can go up and down by $ 2000 without any rollback trends, which can make even experienced traders out of the market. I believe that it is necessary to study these points before you start trading

[Crocketdile]

BitMEX trading has literally changed my entire trading mindset.
I used to trade predominantly on Binance, but I find BitMEX so much easier to make gains.

I wrote a guide for BitMEX that has helped a load of people already. Feel free to check it out.
https://www.crypto-simplified.com/bitmex-survival-guide/

[allmeat27]

Had longed 8k and was sweating bullets as I DCA'd down to 7.8k. Definitely paying off now. Seeing 8.3kish as the next target here after a small retrace.

[noormcs5]

Welp I got mega boned on today's pump as I was still in the short. Unfortunate, but it happens. Lost about a week of earnings, time to get back to it. Shorting from 7500 here.

Shorts and long are really complicated sometimes and one must take special care while making desions at bitmex. One small error and wrong descion can cause the loss of all the money and earnings.

[Faxmate]

Stuck in a 6500 short but fairly sure it's going to retrace at some point.

The market price has already improved and it reached $7400 dollars and this is the reason why there is always a chance that the price of bitcoins might pump up anytime soon.

Benefit is possible in the current market situations of Bitcoins as we know about favorable conditions which are presenting itself for we have to buy Bitcoin and the current market will charge me lesser for it. So this is a great opportunity and for shortening money we have Bitmex which has a low volume for us while other few are present which are having high volume for us.