Bitmex/Derebit Tips - How to not lose your house and maybe even make some money

[allmeat27]

Short at 6340

[allmeat27]

Short at average entry 6400 now.

[allmeat27]

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

[Victorycoin]

Got pretty lucky and managed to profit on the quick downswing and then flipped to a long and caught this up swing. Super good day today. I think we'll see a retest of 6200 then back up for a bit, maybe 6.5 or something. We'll see how it goes, but definitely leaning long after a small retrace.

That's fishing on crocs infested water and nothing says you would always be lucky and certainly not with a 100x leverage, tight stop loss and not much fund. To forestall giving it all back to the market with just a trade gone wrong, it's best to scale down on the leverage and amount per trade. Slow and steady wins the race.

[allmeat27]

Looking to short 6575 and probably hold that for awhile.

[allmeat27]

Long at 6400 now.

[Crypto Girl]

I’ve had a ridiculous experience with Bitmex, both fun and depressing, but I think I’m finally getting a grip on it, so I wanted to share some things I’ve learned. For clarity, when I first started using Bitmex, I lost about 3 BTC over the course of a month because I had no idea what I was doing and I’m an idiot. Since then however, I’ve taken .06 BTC and I’m currently at 2.7 BTC from Bitmex alone in a few weeks. It has the potential to make you rich, but also super broke. Do not take it lightly.

Honestly, I admire your courage despite from what you loss and even with that amount you still continue to recover your losses, I mean if it happen to someone, they'll probably be insane. Though what you did is risky, like you didn't know what you actually doing otherwise you literally play with your money. I am not saying that everyone should do what you did but your will to trade is very outstanding.
May I know how much bitcoin you're using now?
I'm hoping that you still sleep, I mean this isn't easy to monitor the price 24/7.

[allmeat27]

Average entry is 6300. Not in a great spot, but think I can breakeven on this.

[vit05]

The price is on the side trend for long hours. This kind of market is horrible. Before this last fall, it was also sideways for long hours. As the Asian market has not moved much and the price has not fallen so much, with the exception of the altcoins, I imagine that the European market can open in a good mood in the next few hours.

6300 for long?

[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]

Shorting 6450ish I think.

[Mr.Blue[NMC]]

I think there`s still a chance for 6700-6800, will wait for that with the December contract, got a nice short grid of orders starting from 6500. But to be covered I opened a short on the March contract at 6300 and will add to it at 67ish. You are right, nice move yesterday, bagged 15% profit.

[allmeat27]

Not incredibly excited about my 6650 short, but think I can at least break even here.

[manggis97]

Trading in bitmex only for expert trader and for beginner is better avoid margin trading because many beginner trader loss much money in this kind of trading. When we use high leverage this mean we increasing the risk and this is make the opportunity to make profit is small.

[Wall_Streeet]

bitcoin margin trading is exactly the place where different patterns work perfectly. so my advice is to learn the basics of the stock market and apply them here

[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.

[allmeat27]

Hoping for a 6425 long.

[allmeat27]

In a 6520 long. Not feeling great, but think this will turn into profit.

[allmeat27]

forgot to post and obviously a lot has happened but here we are in a similar spot! I'm once again in a long around 6500. Hoping we get a push but may retrace to 6430 range.