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

[qiwoman2]

I wanted to try leveraged trading but it's just like forex and extremely risky. You can get nice gains but if you get liquidated you lose it all. I know most people are making money by shorting the market, hence we are getting these market crashes all the time in 2018, this and the bitcoin futures is causing all the downside and downtrend. As soon as the prices go up again, all the shorters here just squeeze out any little profits, so small retail investors and holders now in crypto are the biggest losers. 2017 will never come back to us again that's for sure, now everyone can short Bitcoin without even owning it.

[allmeat27]

Unfortunately got caught in a 6600 long and that did NOT go well. Longed 6300 but took profit at 6450. Would like to long 6325 again or so.

[puremage111]

Unless you are an experienced trader I wouldn't touch leverage trading, it's very easy to get burned. There are plenty of people who lost on their portfolio's and tried to make up leverage trading on Bitmex. People that gambled away their livesavings and that of their family, people indebted because of a leverage trading addiction.

If you're a noob, then don't even bother with Bitmex or leverage trading unless you have a history of day-trading and feel confident you're up for it.

Yeah i burned my hand in Bitfinex and lost a total worth of 80 ETH? Which i actually earn it through investing in potential ICO and hold for months
But i lost my 80 ETH within weeks lul

Leverage trading is really something which can either make you bank or make you blank

[allmeat27]

Looking for a 6350 long here.

[allmeat27]

Got it! Will take profit around 6450 probably.

[allmeat27]

Had DCA'd at 6150 for avg of 6250. Good profit at 6400. Now unsure what to do. Probably shorting 6400.

[allmeat27]

Had DCA'd at 6150 for avg of 6250. Good profit at 6400. Now unsure what to do. Probably shorting 6400.

[allmeat27]

Still looking for a 6400 short. Might make do with 6350 eventually.

[allmeat27]

Still looking for a 6400 short. Might make do with 6350 eventually

[allmeat27]

Short at 6400!

[allmeat27]

Longing 6200 I think.

[allmeat27]

Short at 6500 but wouldn't be surprised to see 6650.

[allmeat27]

Got out of that trade ASAP at small profit. Phew. Now eyeing another short at 6550.

[allmeat27]

Looking to short 6575 and probably hold that for awhile.

[allmeat27]

Long at 6400 now.

[allmeat27]

Got out at breakeven. Currently in a 6300 longh but probably won't be holding it

[allmeat27]

WHAT A DAY. Caught a nice short but took a little early at 6200. Got in a decent long for profit as well. Think I'm going to relong 6300 but curious to see what happens.

[allmeat27]

Short at 6450 and will average more at 6600. I still don't think 6100 was the bottom. This alt season doesn't feel real.

[allmeat27]

Breakeven successful! Sitting out for a bit. Thinking the next move is down but no idea for a target

[allmeat27]

Looking to short 6550 to 6450 possibly. Expecting a small retrace down then upwards to high 6000's again I THINK.