Paper Trading of Bitcoin Hugging Strategy-2

[BITHUG]

Hi friends lets enter a new trade since the above trade failed on both sides.

10:35 pm
Tuesday, 9 April 2019 (GMT-4)
Time in Washington, DC, USA

Assume the trade made at Current Market price of Bitcoin.

Bitcoin price @ Bitmex is 5229

2 btc in each account with 100x leverage.

Long 880000 in one account with 100X leverage, Liquidation @5206, Exit price @ 5309.
Short 880000 in one account with 100X leverage, Liquidation @5257, Exit price @ 5149.

Also i have not used any indicators.

If you do not understand what is going on then please go to my first post on this strategy.

Thanks.

[1714646975]

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[1714646975]

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[crwth]

Maybe the volatility of BTC had a big effect on it? Like it may reach what you want at price but having not getting your profit in time. I have experienced that and I found a way that automatic trading is better to observe and trade in markets.

[BITHUG]

Yes..that is the beauty of markets, anything can happen.


Thanks for the reply.

[BITHUG]

We have successfully achieved the target of 5309 in long trade.

1:06 pm
Wednesday, 10 April 2019 (GMT-4)
Time in Washington, DC, USA


Profit achieved in second trade = 2.5-0.89 = 1.61 btc.
Loss booked in first trade = -0.34-0.48 = -0.82 btc.

There for net profit = 1.61-0.82 = 0.79 btc  


Thanks.

[frankcastle19]

Do you really think that 100x leverage is good idea?

[BITHUG]

Leverage can be chosen according to personal preference, that how much risk he/she can afford.


Thanks for the reply.

[palle11]

Do you really think that 100x leverage is good idea?

In trade or brokers platform, I think it is left at the discretion of the trader to choose the leverage he or she likes. It just explains your risk appetite to your peril.

[BITHUG]

Yes.. its personal, whether to go for 100X or 25x.


Thanks for the reply.

[cryptjh]

I would never do a 100x leverage, but as long as you just do papers trades, then you can't lose anything. So this trade is just a way to learn how  100x leverage trades work, and in what range you should set in your orders?

[Bitinity]

Leverage can be chosen according to personal preference, that how much risk he/she can afford.


Thanks for the reply.

As long as you know how it works and you are ready for the risk then it is good but if you haven't learned about it then I suggest you to not do it. Just do normal trading is better while you are learning about high leverage trading.

[Haunebu]

I would never do a 100x leverage, but as long as you just do papers trades, then you can't lose anything. So this trade is just a way to learn how  100x leverage trades work, and in what range you should set in your orders?

High risk = Possibility to earn high reward. It is possible to earn huge profits through 100x leverage and I have done it several times before(Primarily during 2017 when it was far easier to earn profits when compared to now).

Invest only what you are willing to lose at the end of the day.

[traderethereum]

I would never do a 100x leverage, but as long as you just do papers trades, then you can't lose anything. So this trade is just a way to learn how  100x leverage trades work, and in what range you should set in your orders?

Once I used 100x leverage in middle of 2017 until February 2018, I leave the position open for a long time, and I didn't realize that I still have an open order in Bitmex. So in February 2018, I see that open order and I make a lot of profit because in that February 2018, bitcoin price still at the highest price although it is down for a little. After that, I don't make any order, and I was only watching the price for a year before I decide to come back to Bitmex and place the other order.

[Ailmand]

I would still prefer to trade in a normal way. That strategy is too risky and you might lose more than the profit that you want. It's a fast way of gaining a good profit but the risk is higher as well. We could earn through 100x leverage but we might regret it if we'll lose.

[rizkyhiw]

I would still prefer to trade in a normal way. That strategy is too risky and you might lose more than the profit that you want. It's a fast way of gaining a good profit but the risk is higher as well. We could earn through 100x leverage but we might regret it if we'll lose.

It is true that it is very risky for me personally but it would be more fun to trade as I like and whenever it happens with the analysis that I have done myself and then do something very simple without making you more busy with uncertain results, analyzing the crypto market very difficult for me personally because the market turnaround is very fast and I don't have much time to trade the longest.

[Zadicar]

I would still prefer to trade in a normal way. That strategy is too risky and you might lose more than the profit that you want. It's a fast way of gaining a good profit but the risk is higher as well. We could earn through 100x leverage but we might regret it if we'll lose.

It is true that it is very risky for me personally but it would be more fun to trade as I like and whenever it happens with the analysis that I have done myself and then do something very simple without making you more busy with uncertain results, analyzing the crypto market very difficult for me personally because the market turnaround is very fast and I don't have much time to trade the longest.

Traders involvement will vary if you do have the time or just a little bit extra for you to trade on.There are various things which can really make trades possible even with the shortest time you do have.
About on the strategy of high leveraging, this is indeed high rewarding but in exchange or equivalent it is way more riskier compared to traditional trading system.
If you dont know what you are doing then better quit it.

[BITHUG]

Risk taking is a personal preference. No risk no reward.



Thanks for the reply.