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

[allmeat27]

Took profit at 6425 and flipped to short. Likely a short term play.

[tadpole_bitfrog]

I know this kind of investment. This is a game that has a huge impact on the market. This game is called Margin and it makes the market lacks stability. Whales usually control the market and control this game. Whoever invests heavily in these games, whales are willing to manipulate the market to make a profit from this game. Very dangerous and hope everyone should avoid these games!

[allmeat27]

Sitting out for a bit. Would like another long at 6325 or so. Or may short 6450.

[allmeat27]

Insanely boring last couples days. I'm betting on a quick drop then a climb ,but I have no idea when or how much.

[ichai]

I know about this game and this game has killed hundreds of people in my country. This is true and I advise that new investors should not participate in this type of investment. Some information I know is that whales are willing to manipulate the market just to win the player who bets high. Be careful and stay away from these types as soon as possible.

[allmeat27]

Glad I sat out. I think I'm targeting a 6200 long here.

[arikassuja]

bitmex is not for noob places, there is a place of exchange too so there is very suitable for trading because the movement is very crowded and the fees there are not too expensive so you should be able to use the exchange as best as possible.

[michellee]

It's too difficult to trade on bitmex because it's different than the other exchanges and it's not recommended for noobs. In bitmex, you need to have skills to trade because it's leveraged trading which you will get a big loss if you make a mistake to determine the movements of the coins. So I think it's better to trade on the other exchange like bittrex, poloniex, binance.

[allmeat27]

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.

[allmeat27]

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

This still looks like it has some room to go. Maybe 6550?

[allmeat27]

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.

[allmeat27]

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

[allmeat27]

Great drop. Long here at $6400, not sure when I'll close.

[allmeat27]

Long at $6330 but will likely be a somewhat short one.

[allmeat27]

Fortunately got out of that pretty early. Now long at 6285.

[allmeat27]

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.

[allmeat27]

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.

[rltim555]

You can earn a lot and lost all of your money on bitmex. 100x leverage isn't a joke and when big position is closing, there is a spike.
There might be a big difference between bitmex and other exchanges

[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