Has anyone successfully used really high leverage or is that just gambling?

[jackg]

By really high leverage I mean anything that's over 100x. Is it possible to be successful doing that. I have short term profits with 10x leverage but I'm wondering about experimenting with higher. Also I'm guessing it's safer to make a 100x bet for and against yourself just as a bit of insurance so you don't lose too much (obviously using the api as I'm not that fast).

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[Tytanowy Janusz]

I've tied x 100 and I was quite successful using 1-2% of my wallet for each trade unless i was keeping my emotions on a leash. Volatility on bitcoin is high but not as high to call x100 gambling (average amplitude of 1h candle is most often below 0.6%). If you are doing money management right you will earn.

Once i get too emotional and lost 20% of wallet in one trade by leaving money management behind the door. I quit leveraged trades than. It's not for me.

[--DarkSecrets--]

By really high leverage I mean anything that's over 100x. Is it possible to be successful doing that. I have short term profits with 10x leverage but I'm wondering about experimenting with higher. Also I'm guessing it's safer to make a 100x bet for and against yourself just as a bit of insurance so you don't lose too much (obviously using the api as I'm not that fast).

I guess you are usinh bitmex or other sites with marginal trade. 100x is very risky and to say i lost so much money in there by using that kind of leverage. In just a second the direction or manipulation of the price that has a big wave up and down can make your position liquidated. Bitmex is not a room for those who wants to go 100x if you are doing that you should be very sure on the position you are going to and sell before a killer wave that happens most of the time.

[Tytanowy Janusz]

I guess you are usinh bitmex or other sites with marginal trade. 100x is very risky and to say i lost so much money in there by using that kind of leverage. In just a second the direction or manipulation of the price that has a big wave up and down can make your position liquidated. Bitmex is not a room for those who wants to go 100x if you are doing that you should be very sure on the position you are going to and sell before a killer wave that happens most of the time.

Liquidation in x100 margin trading is on a daily basis. If that's a problem for you means that you did money management wrong and put too much into 1 position (just like i did due to being too emotional once). If you put 1-2% of your wallet into x100 margin trade you are risking 1-2% of your wallet. Its like going all in with 1-2% stop loss without leverage. That's how x100 should be played.

[carter34]

You can be successful even above hundred but you don't have to throw off your money management, just in the moment that volatility gets stormy. Money management is key to high leverage trading

[Bitinity]

I have never used leverage trading so far as I'm not quite interested to do it, many people say it as a risky way to trade although it may give us nice profit but to be honest I do not dare to do it. I have read some tutorial about how to use leverage but it seems that it is not what I like to do with my money.

[Bitcoin_Arena]

Yep, one can succeed too but chances of losing out are pretty high too.
I would advise that before one starts doing very high leverage, they should have a lot of experience and should be so good with risk management.
It's not for the fainthearted or very emotional traders.

[exstasie]

By really high leverage I mean anything that's over 100x. Is it possible to be successful doing that. I have short term profits with 10x leverage but I'm wondering about experimenting with higher. Also I'm guessing it's safer to make a 100x bet for and against yourself just as a bit of insurance so you don't lose too much (obviously using the api as I'm not that fast).

If anyone tells you they consistently profit from 100x+ on crypto, they are lying. On forex definitely, but never on crypto.

The highest I ever use and profit well from is 10x. I've used 20x a few times (mostly for kicks) but it was completely ridiculous and overly risky. Even 10x is quite risky during times of significant volatility.

For me, 10x is for two situations: when I'm trading like a god (like during bubbles when you can consistently rebuy heavily oversold conditions safely) and when volatility is really low. Otherwise I really prefer 3x-5x.

Maybe I'm just risk averse but this has served me well for many years now.

[leowonderful]

10x's the sweet spot for me as well when I'm trading with crypto. Anything higher and you just get liquidated way too fast on an exchange like Bitmex, I've tried 25x a few times in the near past but it never really worked out for me, still too risky IMO. Some people also abide by 3-5x though I typically conduct all my crypto-based trades on 10x leverage. Much simpler in the end to just use lower leverage.

[creeps]

You can be successful even above hundred but you don't have to throw off your money management, just in the moment that volatility gets stormy. Money management is key to high leverage trading

Its more high to lose money than to make money at all, high leveraging wont make any promise to you in long term because its hard to earn consistently. Money management is important of course, trading is different strategy and you should have it or else pure greed will take you out of the market.

[Kevin77]

I feel like it is totally a gambling. Bitcoin is something that moves any direction and since we do not know which direction it will go then how could we know enough to have high leveraged because those high leveraged ones really do not have big movement allowed, even a small change any direction will make all your money go away.

I think the real reason why its gambling is the big leveraged though since I feel like small leverage could be done or even no leverage but just any direction would be decent too. So, trading is definitely not a gambling, trading is a professional thing, even small leverage is fine, however those huge ones are really horrible and totally gambling.

[alisafidel58]

I haven't tried doing a 100X leverage because I feel like I'm just gambling it. With the current volatility of the market, I can't afford to lose so much with that leverage. The risk is quite and emotions might get me.

[Ailmand]

I think leveraging more than 100x is too risky. I won't risk my funds through that because it's more like gambling. I think leveraging isn't that bad but the higher you do it, the higher the chance of losing it. We couldn't gain a consistent profit through leveraging so risking 100x isn't a good idea. I would rather do it the normal way.

[Haunebu]

One of my friends tried it and got burnt pretty bad by trading on Bitmex recently. He quit trading after that and is solely depending on signature campaigns from there on.

I don't do short term trades since I am a long term HODLER myself which is why I have no experience whatsoever in this case though I don't think anyone would want to take such a big risk here.

[dothebeats]

Highly risky position with not even a definite short-term goal. This is a pure gamble IMO though it is doable and I have seen some traders got extremely lucky by pulling the said strategy. Given the high volatility of bitcoin and its market always engaged in a fast-paced environment, I'm not sure whether I'll be able to pull off such a feat and come out victorious, nor will I ever have the guts to freely give away my money with my full consent of it. If this is slow moving markets with low volatility, I guess it is possible, but crypto? Highly improbable.

[--DarkSecrets--]

I guess you are usinh bitmex or other sites with marginal trade. 100x is very risky and to say i lost so much money in there by using that kind of leverage. In just a second the direction or manipulation of the price that has a big wave up and down can make your position liquidated. Bitmex is not a room for those who wants to go 100x if you are doing that you should be very sure on the position you are going to and sell before a killer wave that happens most of the time.

Liquidation in x100 margin trading is on a daily basis. If that's a problem for you means that you did money management wrong and put too much into 1 position (just like i did due to being too emotional once). If you put 1-2% of your wallet into x100 margin trade you are risking 1-2% of your wallet. Its like going all in with 1-2% stop loss without leverage. That's how x100 should be played.

Yes, i am so greedy that time and i'm almost new to bitmex i tried only because my colleagues are also use to trade on bitmex. It was a very wrong move for me to go 50x and x100 trying to follow some veteran traders. Now i have some small amount left and trading for long position opened at 3500. I learned a lot from that lost use low leverage especially on that abnormal market. Thanks for advice as well.

[vit05]

I believe that the only opportunity to use 100x is if some very big shit happens and you know the exact minute it happened. You will always have at least a variation of 5% to 15% in a matter of minutes.

Short 100x, take profit and quit.

[jackg]

After continously repeating my mantra, setting a take profit I bought at 100x with 0.018 and initially went down to 0.016 and then back to 0.019 where it finally liquidated (I was using round numbers because Im too tired for actual maths lol).

P. S. The mantra was "It's only 0.019, who cares if it's gone"

[Lanatsa]

After continously repeating my mantra, setting a take profit I bought at 100x with 0.018 and initially went down to 0.016 and then back to 0.019 where it finally liquidated (I was using round numbers because Im too tired for actual maths lol).

P. S. The mantra was "It's only 0.019, who cares if it's gone"

$100 wont really be that much on testing out 100x leverage. Actually didnt able to try this out yet i do only limit myself with 5x-10x and go beyond 100x is a no for me.
How does it feel on trading up on 100x?

[jackg]

The feeling is very much a snakes and ladders with a snake every odd square away, a ladder every even square and nothing at number 6.

You fall down by about 20% sometimes and shoot up 40 the next. There's a feeling to always keep an eye on it too. I feel its good for a train or car journey though that's particularly long. A stop loss isn't flexible enough for what you'd want. It turns out you can be in profit on bitmex and then lose out even though the price has gone higher than your close price?