Question about using BitMex leverage and shorting/longing.
I've been 100% on calling and buying BTC dips, but I've never shorted or used leverage before. Given my correct calls due to TA understanding, I want to start using leverage on long/shorts.
I don't have a lot of money and don't understand really how I can use 100x leverage if I have 2k$ USD. Are they really just magically able to lend you 200k$ if you have 2k$?
How does this make sense? Why would they be able to lend so much money to someone with such small portfolio, but is sure into his TA skills?
I'm new to trading, but I've looken into TA and learned it to the level where I feel very yecure into my logic and calls.. I called almost everything I've looked into with surgical precision, not even joking. The problem is I don't really have big BR and was never trading before. Within short amount of time I came to where I am now, and want to start short/long leverage trading.