Check Out my Bitcoin Hugging Strategy!!!

[heisenbergkripto]

ok

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[BITHUG]

No skills are required in this strategy, just enter trade and leave. Let the market decide, because you are live in both directions. Also you can try with small amounts.


Thanks for the reply.

[Bagaji]

Hope this strategy is not just theoretical because it would have been nice if you can provide evidence of the gains you have made from the this strategy you are advising people to implement dude.

[Sealis]

This is literally a painful thing for those who have low amounts of mental strength. But it is worth the try and see if it can bring in some profits. But doesn't this need a bit of a large investment for you to start? or does the initial investment depend on which amount you start with?

[BITHUG]

Exactly.. you should plan according to your total capital. Because the price moves sideways, so keep reserves for re-entry. You can try with small amounts. Also there is no need of evidence. We all know trades will be favor and unfavor, if its unfavor go for next trade and make the net profit green.


Thanks for the comment.

[CryptoMadir]

I would rather trade the most likely outcome using TA and manage my RR ratio to keep my losses small which is a far superior system IMO. Your method would give me anxiety attacks. 

[BITHUG]

Yes..you can use indicators for breakout or dump signals, in order to reduce the risk level.



Thanks for the comment.

[poptok1]

Thanks for the comment.

With all due respect, your so called "strategy" has the potential to hug nothing but an empty wallet.
This is simple martingale, that was proven false in early 20th century.
All you do is a promotion of mathematically and logically incorrect system, based on fraudulent (in nature) multi-account mechanics.
That's of course just my humble opinion, any one is free to follow whatever he wants, however consequences of tricks or hacks are unavoidable and those nobody can choose, they will follow regardless.

[BITHUG]

There is nothing wrong with Martingale Strategy if you are allowed unlimited entries.


Thanks for the reply.

[buwaytress]

Even if this strategy could be implemented (it's not really mindblowing btw, lots of small time forex scalpers swear by this) with a huge ass bankroll, I don't think you'd find an exchange willing to take those orders. Can't remember the term but forex brokers call it a direct hedge. Banned by most brokers back then, surely Bitmex would have limited it, especially on margin.

Course it works, until it doesn't.

[BITHUG]

You do not need a big amount for this strategy, plan according to your total capital. Also i have posted a paper trading which is live now.


Thanks for the reply.

[beerlover]

There is nothing wrong with Martingale Strategy if you are allowed unlimited entries.

If you so much believe in your so called strategy that will end up making lots of traders cry their ass out, especially when you advised they trade with 2btc, you would have even asked them to try with like 100 dollars and see if it would work.

Your strategy really does not hold much weight and I will advise you do better by posting proof of your trades and winning here on both side for proper verification, not just an assumed strategy you woke up with suddenly, thinking it will gain ground and passed into law. Do you really know what martingale strategy is used for ? It is used for betting and will be disastrous when applied to trading too.

[BITHUG]

I have given an example to make it more clear with 1 btc. You can trade with small amounts. Also i have opened a live paper trading.


Thanks for reply.

[maxreish]

I've read these kind of strategy somewhere in discord groups I guess. Too risky to do that. 100x leverage isn't safe. And supposedly for example,  bitcoin goes down and you have a profit from your short entry but you were liquidated from your long entry. Then you will lose bigger and you won a little.
Yes, we have to take a risk if we want to become successful but if it will not work that strategy often times.

[BITHUG]

Leverage can be chosen according to the risk capacity of each person. Kindly go through my live paper trading just completed. You will get answers for all your queries.


Thanks for the reply.

[bitgolden]

Deep inside of you, you know too that you’re not practicing this, is this gambling or what? Is it not the direction your analysis tends to advise you that you go? Whatever analysis you are using in trading, it is absolutely impossible to tell you to do both ways at the same time.

It is so glaring to me that all your doing is to use emotion to trade and not strategy, because I do not see this as strategy, what if the price goes upward direction, and never goes down again, do you know how much you will so much loose leveraging at 100x? I see this as just a waste of time and energy mate. Sorry, I am not interested.

[BITHUG]

If the price goes upward in direction then the long account will met the target price and the short account got liquidated early. Kindly go through my live paper trading that just completed successfully.


Thanks for the reply.

[slaman29]

Did I understand you correctly by saying that you don't need a big bankroll to play this strategy but that you have started your example with a 1 BTC bankroll? I'm a gambler so I know these type of tactics work for a while but eventually variance catches you in the butt. I know, been there myself so many times. Isn't variance in crypto even bigger though and don't you get caught out even faster?

[BITHUG]

1 btc is just an example, you can start with 1 USD in bitmex. Plan according to your total capital. Make reserves for 4-5 entries. Because price will move sideways for long time.



Thanks for the reply.

[michellee]

So we set 1 order for long, 1 order for short. No matter where the prices move, we still make a profit. I think it could work for the market that still unpredictable and with that 2 orders, we don't have to worried if we are lost. But one of the 2 orders will get lose because when the price moves higher, the other orders will be got a lose, and we need to close it right away so we can prevent from getting a big loss. Hm, I think that should be a solution for people who want to try with leveraged trading in Bitmex. But this will have a chance for people to be greedy because when they see the increase of the price, they don't close it when the target price has reached, and they can let it open for a long time.