/biz/ - Business & Finance

Brainlet here - how much money is that?

>>10645682
$400,000 in profit. That's only one of my positions. Also up 200k on short timeframe, 60k on an eth short. Overall up 650k this week.

>>10645692
why are you not selling?

>>10645696
Sell what?

>>10645692
Nice - grats then. Here I am struggling to pay for a holiday ;_;

To be fair, I wouldn't have the balls to trade leverage

>needs to boast on a anonymous forum

>>10645705
Grow a pair. I started trading with $1000 last year, now I have 3 million. Buying altcoin bags is literally pleb tier, shorting is where it's at.

>>10645696
because he is larping, idiot

I should play testnet too, n1 op, you are probably ready for real money now.

>>10645692
nice, i hope i can become like you

>>10645755
lul

>>10645733
lul

>everyone is broke like me
>how can you make profit when everything is down??!!
>sir what alts should i buy
>when moon??!

>>10645717
Where do you live?

>>10645717
larp thread, abort

>>10645717
>shorting is where it's at.
just shorting? don't you long as well?

>>10645772
He said $
And why? Are you looking to beg him for crypto?

>>10645785
I do, but most of my profit has been with shorts. I fundamentally believe crypto is worthless and will crash hard, so I don't want to be very exposed on the long side

>>10645797
how did you learn TA?

>>10645797
don't forget to cash out, then

>>10645804
literally stare at a chart all day, recognizing price structures/fractals that repeat themself during upswing and downswings. only using patterns things like wedges (rising/falling/broadening) and volume. no magic hocus pocus

>>10645717
Congrats senpai, I recently sold all my ETH and 410 after falling for the HODL!! meme for too long. People called me larper over fucking 100k, this board is pathetic.

I'd like to know how do you managed to understand how margin trading/Bitmex works?

Or if you can hand me some useful material to study. I want to start with 20k long or short depending on the market.

Damn 3 millions is my goal I'm 30x away from that, I'd set me for life.

>>10645823
you must have had extensive training. please share your secret.

>>10645823
Do you have a life outside of that?

Do you have an internet connection in your home??
Can you spend at-least 1 hour per day??
If your answer is "Yes"
This is your best place to earn money online!
Do not Waste your time Simply at Home & Office.
We are the only easiest service Conducting Live earning Program for our users and members benefits..
Our experts will share useful tips to get more income online..
Join Today and make cash!
http://PartTimeJob.online/?user=185084

>>10645853
what is it about bitmex that you find hard to understand? do you mean the site itself, or how to be profitable in trading?

I didn't really study any material. my main advantage is not getting stuck in a bullish mindset when everyone is else is become euphoric. if you can identify the euphoria on twitter you're already 10 steps ahead of everyone else.

>>10645875
no. life is on hold until I have 5-10m, then i'll start a new life. my old life with pleb friends will never be the same, they just want handouts.

>>10645895
Please give me some tips on how to get started. Is $1000 a good start?

>>10645796
No, just curious as to his VPN/cashout process using Bitmex in the US (if that is where he is)

>>10645924
not US

>>10645930
Bummer. Do you have any know-how as to how to successfully use bitmex as a US citizen without issues?

>>10645664
jelly yes. Good job OP

>>10645952
Bitmex doesn't give a shit, they just ban the US to cover their asses. I know US traders who only use the vpn to sign up and then never again. No issues whatsoever

>>10645952
Stfu, please.

>>10645971
I did that and now have account issues (accessed once without my VPN).

>>10646002
that's the first I've heard about that. I know someone who got caught being a US citizen on bitmex because he had to recover his 2FA through the ticket system, and they just made him withdraw everthing. They don't steal your coins

>>10646018
I feel like I know who you are. Do you have a crypto twitter account with decent following?

>>10646018
My account has been disabled and I can’t even access the ticketing system. Haven’t been sure if I should sign up again and submit a ticket like “oh, I was on vacation in the States”

>>10645664
I wonder about your risk management. do (did) you go all in on your trades (especially at the beginning), or only smaller position sizes?

>>10645664
>only posts when he wins
Show your history and we will have a laugh

>>10646103
I did. I went into this yolo-style, go big or go home. I was also convinced that the bubble would pop much faster, so in my mind I had a very limited time to make money.

In the first weeks of trading I would regularly lose 10-20% of my capital in a day, and then double or triple it the next day. I took large positions but quickly cut the losses if they went against me. But then when it goes with me, I let it run.

>>10646130
I'm not pretending that every trade I do is profitable. I take a lot of losses of 50k regularly. But my profitable trades are bigger than that.

Small losses, big losses, small wins, big wins. Eliminate the big losses and you profit

>>10646145
I see. Came to that conclusion after a few weeks of trading.
take 10-20% losses on your losing trades, but cash in on the winning ones.
Just a bit afraid of a losing streak eating me up

>>10645664

I have 500$ available on bitmex.

How do you get a position of 1$ on BTC equals 1$ in my PnL ?

Brainlet who don't understand the leverage on bitmex.

>>10645756
>he wants to become a larper

>>10646249
short 1 btc worth of contracts, so 6100 contracts.

the btc in your balance will lose value though, so to make 1$ net profit per 1$ bitcoin drops you should additionally short the value of your balance.
so 500 + 6100
the 500 will lock in the current price of your coins, and the 6100 is your net short

>>10646299
so 6100 in contract with x1 leverage?
ty

>>10646438
you should look at leverage differently. leverage just controls how much margin (btc) is assigned to a position, aka how much btc you can lose if you get liquidated. it doesn't change how much you will profit - you must increase the contract amount to profit more.

>>10645664
Do you have a normal job or do you spend your entire day in front of the computer?

>>10646499
do you go over 10x? if so, what's your max lev?

>>10646543
And a second question

How do you deal with bitmex being literally unusable anytime the price moves a bit? Like unable to place/close orders, stops don't work or even the whole fucking site does not load.

>>10646255
Lol

>>10646543
spend an entire day growing ass cancer

>>10646559
I used to, but not anymore. I never used isolated margin (like 10x, 20x), but I would go 10x with my whole account on cross margin. I would always cut the loss way before it got anywhere close to the liquidation price, so the leverage doesn't really matter that much

>>10646629
>>10645664
So can you give me the rundown on why you knew 7305 was a good position? Did you simply wait for the downtrend confirmation after the ~8400 fractal? Any details?

yes jelly etc., looking to start

>>10646586
Use the Close and Market buttons on your actual position to exit the position without delays. And just get the fuck out of a losing position when things go crazy in the wrong direction. I have probably lost around 100k from the website crashing. It sucks, but we just have to live with it.

>>10646499
check em.

Okay thanks.

Is CEX.IO good? Because as a forex trader, this I understand more.

>>10646666
I had a smaller short from 8200 which I took profit on at 7700. Price kept going down for 6 red dailies, which was a very bad sign. Looked to me like a top was in. Then I saw this (img) and figured things could get really ugly. Shorted the top at 7400 there with 1.5m Then we broke down I added 1m extra to it. Told myself I would let this position ride and just hedge it on another account when we have bounces. Price never came close to my entry again.

>>10646732
Never used em, don't know anyone that does

>>10646629
>>10646668
Thanks for the replies, I actually believe you. I can't see your open position on the statistics page but I guess it is only registered from the bitmex chat.

What timeframes do you normally look when checking for patterns. Csn I follow your trades anywhere(twitter, bitcoinmarkets etc)

>>10646792
What statistics page?

>What timeframes do you normally look when checking for patterns.
4hr/12h/daily/3d

>twitter, bitcoinmarkets etc
nope

>>10645692
nice
I am up about 1.2 mil on my BTC/USD short. I am holding short since 7500-ish. We go to 5555, kinda meme level, and good support, then bounce.
Hard being chad sometimes.

>>10646855
noice

>>10646818
https://coinfarm.online/position/position_realtime.asp

Meant that one

>>10647010
Did the command but don't see anything on the website.

>>10647057
Cool I see it there now
says your bitmex id is ax2 and open price of 7306

did you really start with 1000? How long ago?

>>10647111
september 2017.

>>10647057
>>10647111
Holy shit, that wasn't a LARP! I was obviously LARPing.
I hope you have good wife and a lot of kids OP.

>>10647153
Congrats, I started much earlier and only reached ath of 1.25MM (900k now, or 600k after taxes...)

You have serious talent

>>10647199
>>10647154
thanks

>>10647233
If you ever feel like making some chatroom or something I'd be very interested.

>>10647233
btw I think you are close to top 10 on bitmex leaderboard by ROE

>>10647153
you do ta? like how the fuck do you know when to get out of positions or enter?

>>10647293
I would have been #1 at some point, but I withdrew and re-deposited several times so my ranking is screwed.

>>10647281
might make a twitter at some point, but nothing right now

>>10645664
Great stuff man, hope I can achieve your level one day. Sounds like you're a trend trader with good risk management and you know how to play your winners well.

Sounds easy when just put like that, of course it's not easy to have to cut losers and let your winners run. But that's what it boils down to.

>>10647323
Nice!

>>10647010
stop posting this. you are going to fuck it up. shit head from plebbit browse here fo info like this. If everyone knows about it wont work

>>10647428
What wont work? But yeah you are right, I will delete it now

>>10647414
Actually just did the maths. Initial deposit was 0.14 btc and realized profit (without this current position) is 191 btc, which is an ROE of 136400%, #1. But many others had their leaderboard position screwed by deposits, so the actual #1 is probably a lot higher than this.

>>10647464
Maybe that anon uses it for some kind of Implied Volatility measure? Not sure if you trade options.

>>10647464
Damn cant delete it anymore

>>10647467
That is sick, makes me feel like shit with my 5000% returns. That is like 2010 bitcoin adopter returns level

What’s your price target for this short anon

>>10647527
Don't worry friend I added a piece of tape on my monitor so I wont see it :^)

>>10645664
C'mon bro open up a secret group and teach us to make successful trades.

Demo account

>>10647567
OP went balls deep a few times in the beginning probably the market was easier back then. I'm not sure you can make bank still starting with little capital

>>10647600
It was especially hard for me in the beginning because there was a massive bubble and I thought it would crash any second. So I was shorting al the way up and had to be very careful to not blow up my account.

>>10647545
I expect we see 4k in the next few weeks, but I might lose patient and close in the mid to low 5000s

>>10645916
Bitmex has a testnet where you can trade with a toy money stack to learn the ropes. It's very good: testnet.bitmex.com

>>10647600
The market's not any easier or difficult to trade in than it would've been last year. It's just than you can't just buy bitcoin at any price and hold to make large sums. This is because it's stop having such a strong uptrend.

There's always a trend happening on some time frame. What I call trends, OP (and many other traders) calls "fractals" or flags. He trades them very well.

>>10647564
I'm posting it on reddit as we speak mang, I wan to to see that sweet karma coming.

>>10647645
interesting, so where do you see btc going for the next few months? do you even pay attention to the ETF meme or do you think if it mattered TA would be already showng it?

>>10645664
At best this is a larp, at worst this is a dumbass gambling degenerate who hit it lucky but is bound to lose every penny he has sooner or laater

rip

>>10647645
Do you find it harder to take long positions on bitcoin because of your opinion on it, or would you be able to buy in when you saw conditions were changing towards the upside?

>>10647740
did you close it mr genius pants?

>>10647764
nah I opened a long on my other account to hedge it, so I was neutral.

Ohh shit, those shorts are getting rkt

>>10647753

>Do you find it harder to take long positions on bitcoin because of your opinion on it

Right now I can put it into perspective better and I realize it won't just drop 50% in a day. But I still don't think I will ever hodl coins for the long term

>>10647776
Is it a good idea to use 2 accounts for this purpose? Why not just long the futures and short the swaps?

This Bitmex pump is being made with a guy that has atleast 10M to throw on it, very nice, it's the first time I visited Bitmex and I'm already precumming.

>>10647838
I would avoid doing this if you're new, you can easily get chopped up. Better take your profit and look for the next trade.

But if you're trading big sizes it can be useful to let one position run and scalp on another account

(op here, might have an other id because IP just reset)

>>10647838
as for why not use futures and swaps: in hindsight I should have shorted the futures. But I don't like shorting futures if I don't get the exact top, because then it's hard to get out of the position quickly (because there's less liquidity)

>>10647776
>Im not larping g-guys I swear

another wrecked dumbass OP

>>10647911
Wrecked? He's not even closed to getting liq'd yet.

holy fuck that green dildo took us from like 6100 to almost 6500 what a chad

OP got fucking wrecked instantly lost what... ~$100k+ in unrealized profits? sad but he established the LARP already at this point so now he has to look like a greedy idiot lol

>>10647905
>>10647911
stay poor

>>10647876
>>10647904
Yeah I see, thanks for explaining

>>10647942
i sold a long time ago when the price wasn't completely fucked you handicapper lmfao

>>10647942
>Trying this hard to get faggots on a mongolian goat herding forum to think you fave money

>>10647940
wrecked? I had a 1.8 million long on my other account and I have a million dollar in coins. I was overall neutral. Lost PNL on one account, gained coins on another. Price will drop again, PNL will recover, double profit.

>>10647940
It's not like this was the last time we saw 6100, people are already stocking up shorts at 6450-6500

>>10647972
uh huh ya sure
>million longs all over da place bro i have 50 accounts im long im short im up im down

fucking deluded mentally ill LARPer right here folks. You know someone's lying when they seem to have some whack answer for everything
>nuh uh i didn't lose any profits i was long man i opened it right at the exact bottom 1.8 mil long you better believe it!

fuck off seriously kys

>>10645664
lmao show your shorts plz

>>10648017
pleb

learn2trade

>>10647464
this is a zero sum game. if everyone has the edge then there are no losers.