50x in 5 days on BTC swap on Okex

[Golstrim]

If you're trading on extremely high leverage, the most important thing you can possibly do is remain as patient as possible for an optimal setup to appear. Forcing trades to happen rarely works, and you're just asking to get stopped out or liquidated if you're forcing a trade to happen on high leverage.

I will print your words and set in front of me to always remember about this rule. Sometimes I am impatient and let emotions to takeover me and force trades. So yeah, waiting for right setup is the only wise application of high leverage.

[Vispilio]

I like the dynamically reducing leverage approach to move the stop loss further out, it's also useful on Bitmex where you might want to make a play on receiving funding rate swaps in your favor which can accumulate nicely with considerable leverage.

How would you compare OKEX vs Bitmex in terms of leverage & funding rates offered ?.. Both of these markets have been mature and reliable enough for quite some time, making room for sustainable strategies to be formulated.

[Woshib]

well, if it's gambling i prefer gambling on leverage trading than gambling on BlackJack or slots, at least you have more control than a pair of cards, speaking of my self i was able to do a 10X in 7 days. and that wasn't gambling at all.

[Golstrim]

I like the dynamically reducing leverage approach to move the stop loss further out, it's also useful on Bitmex where you might want to make a play on receiving funding rate swaps in your favor which can accumulate nicely with considerable leverage.

How would you compare OKEX vs Bitmex in terms of leverage & funding rates offered ?.. Both of these markets have been mature and reliable enough for quite some time, making room for sustainable strategies to be formulated.

Check out, I have already made such comparison, not only in terms of funding rates, but other features as well. Here is topic https://bitcointalk.org/index.php?topic=5168885.msg51951061#msg51951061
As for leverage, yeah, reducing it steadily was right decision. I believe 50-100x leverage is more like a gambling and can destroy your deposit

[DGulari]

well, if it's gambling i prefer gambling on leverage trading than gambling on BlackJack or slots, at least you have more control than a pair of cards, speaking of my self i was able to do a 10X in 7 days. and that wasn't gambling at all.

Did OP got his 10x from blackjack or slot games? He was won through trading and it's not like gambling where you need to be lucky to win.
I don"t believe with you anyway, if you can always do 10x in weekly, why you are still wearing paid signature until now?

[Golstrim]

well, if it's gambling i prefer gambling on leverage trading than gambling on BlackJack or slots, at least you have more control than a pair of cards, speaking of my self i was able to do a 10X in 7 days. and that wasn't gambling at all.

It is not gambling. There was a part of gambling, because even if you a good trader, big leverage decrease probability of sucess and increase risks.
But most of decisions based on trading strategy, so comparison with BlackJack isn't valid.

[7788bitcoin]

I started from 100$ and finished with 5000$ within 5 days on margin trading!

Congrats on the profits you made, i am yet to understand margin trading and i would like to learn from the experts. I know the risk involved but would like to know from people who made the profits.

Each of you who doesn't believe me , you can ask in DM and I will share trading report from my dashboard.

So what is the point in disbelieving you, it would be great if you could come up with a newbie guide so that everyone could learn.

So what you can get from this story? Everything is possible, but don't be inspired by my story too much, because you can lose your funds on margin trading as well!

Anything is possible and for those who are getting inspired by your margin trading story, why don't you come up with a newbie guide.

[spadormie]

Margin trading is very risky and it is not good to boast your winnings with other beginners in this forum. But, I agree and know what you're saying is true. It is possible to get such high winnings with that trading technique. I know somebody to do this kind of trade and he is always successful in doing so. He's posting on his fb acc using margin trading. Another info in here is, on that time the market is not that healthy.

[Golstrim]

Margin trading is very risky and it is not good to boast your winnings with other beginners in this forum. But, I agree and know what you're saying is true. It is possible to get such high winnings with that trading technique. I know somebody to do this kind of trade and he is always successful in doing so. He's posting on his fb acc using margin trading. Another info in here is, on that time the market is not that healthy.

I don't want to inspire beginners and go 100x leverage, I have said that margin trading is extremely risky,when you take big leverage and don't have any working strategy. So first thing learn basics and then try margin with small leverage.

[AUruHM]

Note that margin trading on Binance requires you to submit KYC before you're able to trade; you're able to trade without KYC as long as you're not in any of the restricted jurisdictions of Bitmex, Kucoin or Bybit (US traders aren't allowed on both Bybit and Bitmex, not sure about Kucoin).

If you're trading on extremely high leverage, the most important thing you can possibly do is remain as patient as possible for an optimal setup to appear. Forcing trades to happen rarely works, and you're just asking to get stopped out or liquidated if you're forcing a trade to happen on high leverage.

If you participated in IEO on the Binance you made KYC already. And as I know Binance doesn't have such product as OKex perpetual swap. Bitmex has but their funding times are 3 times per day instead of OKex.

Another not bad exchange with margin trading is Deribit. Last time I hear more and more about it. But I don't try it, sorry

[Golstrim]

Another not bad exchange with margin trading is Deribit. Last time I hear more and more about it. But I don't try it, sorry

I also heard about Deribit, but never tried it, I am interested in Deripit options, it is more risky than futures, but potential growth is tremendous and it is another tool to hedge your position. Also I know 1 guy who has created rebate trading bot on deribit

[Mpamaegbu]

So what you can get from this story? Everything is possible, but don't be inspired by my story too much, because you can lose your funds on margin trading as well!

It's not like I am dissecting your post to find fault - for it's really none of my business ( or it shouldn't be at all) but I am kind if wondering why you actually shared this story if you don't want people getting inspired by it?

[AUruHM]

Another not bad exchange with margin trading is Deribit. Last time I hear more and more about it. But I don't try it, sorry

I also heard about Deribit, but never tried it, I am interested in Deripit options, it is more risky than futures, but potential growth is tremendous and it is another tool to hedge your position. Also I know 1 guy who has created rebate trading bot on deribit

What is this - rebate trading bot? What this bot can do? How it can help in margin trading?  Quicker reactions and work with by scalping strategy? Can you explain, please.

[Google+]

what you produce is very good because it is very rare traders can get luck like that, now you try like that again I guarantee it will not be easy to be able to go back like that because at this time the price and market conditions are not good so it is difficult to get that much profit in margin trading.

[yangongear]

I just try maximum 20x leverage on OKEx perpetual swap, because the market is so violate now and if use 50x or more like you, you will be liquidated position easily. And for who said that margin is gamble, i think not. For gameble, you have 50% change but you will lost all if you lose. For margin you can control the risk by stop loss, and increase profit with greater leverage.

[Golstrim]

I just try maximum 20x leverage on OKEx perpetual swap, because the market is so violate now and if use 50x or more like you, you will be liquidated position easily. And for who said that margin is gamble, i think not. For gameble, you have 50% change but you will lost all if you lose. For margin you can control the risk by stop loss, and increase profit with greater leverage.

Yes, it is easily to be liquidated. But I accept risks and you know, I was liquidated several times, it is not something new for me. I know what I am doing and what are the consequences.
By the way Okex is about to launch 100x USDT futures and this product worth seeing. More gain on shorts, because you gain profit in usdt and not in falling asset