/biz/ - Business & Finance

Do you retards not understand anything about risk management or do you just not care?

>>8481828
you need to do something about your gambling addiction anon

>>8481828
What happened? did you make bad trades or did your money vanish?

When will you retards learn that's for the big boys not little NEETS

>>8481828
can you give me the next 4btc and just pretend you lost them on that nigger's site?

>>8481828
I lost 0.08BTC on there a few weeks and that was enough for me to learn my lesson. Never gambling on Bitmex again, you should do the same.

>>8481878
*few weeks ago
Seriously it's not much but just thinking about it gets me fucking pissed off. I could've bought a PS4 and a new wardrobe, shit.

HAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAH

I FUCKING TOLD YOU FAGGOTS OVER AND OVER

4 BITCOIN IS A LOT

YOU COULD HAVE CHANGED SOME FAGGOTS LIFE, BUT INSTEAD YOU GAVE IT AWAY

HAHAHAHAHH

INDIAN OCEAN ISLAND CHAIN HAHAHAHAHHAHAHA

let positions come to you, and set a damp stop

/thread

>>8481828
stop daytrading, you'll never be able to time the market.
stop using anything over 5x leverage, arguably that's too much already.

REMINDER
>under 3x if you are not confident
>3-10x if you have medium risk or somewhat confident on that trade
>10-25x if you are very confident you hit the very top or the very bottom and want to risk it to make it big
>anything over 25x is FUCKING GAMBLING
USE STOP LOSSES

>>8481909
4btc is nothing unless you're in a third world country

Brainlet here,how good is this to use?

Seriously if you want to daytrade do forex. The market is much more predictable and you don't have exchanges stopping out people. Granted, the market makers still do that.

>>8481921
Using x25 or x50 is basically like using stops though.

>>8481929
t. larper

>>8481838
no

>>8481844
i think so

>>8481859
horrible trades, i made stupid mistakes that came back to bite me in the ass, lost the last 1 btc today on that big dump

>>8481872
i will eventually be one of them

>>8481873
im close to broke now

>>8481878
wish i lost that little, i lost so much you wouldnt believe, i could have bought an awesome car or a small house with my losses

>>8481909
sadpepe

>>8481913
btc is a treasonous whore

>>8481920
i been using very high leverage

>>8481921
i dont think i ever used less than 50x

>>8481929
its a lot no matter where you are

>>8481935
not that good, it takes time to get used to it and the site crashes/overloads every time there's a big move

>>8481975
i dont know enough about forex and it seems the gains are small

>>8481982
my stop is usually liquidation

>>8481935
Read >>/biz/thread/7660931

>>8481929
casually losing $40k is nothing to you? ok then, give me your contact, I'm sure you have some money to spare

>>8481828
>>8481895
>>8481909
its true. you could have changed my life and helped me get married to my girlfriend and move into a new place and start planning my life. but instead you lost it on BITMEX becuse of greed.
you could have helped me get out of my debt and move on with my life. you greedy cock sucker. i fucking hate you people.
I have $2k in crypto and $600 in my bank. i hate my life. and you fagots just throw money around

>>8482040
>i dont think i ever used less than 50x
absolute madman, stop doing that immediatly

>>8482057
>getting married
that money was better off being liquidated on bitmex.

>>8481828
If you take an important loss stop trying to make it work for a while. You don't need to put down money everyday friendo.

>>8482081
kek

>>8481828
>/biz/ spams about shorting
>go long
>/biz/ spams about going long
>short

Haha loving every gain

>>8481828
Nothing else in the world will humble you faster than trading.
-Peter L. Brandt

>>8482057
>married
Enjoy that 56% nigglet and child support

>>8482081
100%

marriage is a waste of time and money

all risk with very ltitle reward

>>8482122
kill me

>>8482057
lol 3D
Just Monika.

>>8482040
you literally longed the top hahaha

>>8482081
lmao thanks for the laugh, i been having shitty last 3 days because of this loss.

>>8482097
yeah man but revenge trading is a real thing, its like i want to make it back, definitely degenerate gambler tier

>>8482117
true

>>8482156
i had a nice long going from 8.9k and then added a shitload more on 9040 and 5 mins later it crashed, that absolutely destroyed my asshole today.

>>8481828
anyways dude, read market wizards

there's plenty of people who vaporized much larger accounts than you at the start of their careers and still went on to be very successful traders

>>8481828
do u lose it all when .liquidated or do u have some left over?

>>8482400
liquidation means complete loss on your position

>>8482057
Youre not entitled to his money you faggot loser

>>8482419
ill wait for ops answer, thank u

>>8482272
yeah thats what gives me hope, im always learning and will eventually make it or die poor

>>8482400
Depends, if you use isolate youre just playing a certain amount of your choosing, if youre trading on cross youre using your whole account as collateral. I only do isolate but i got super greedy on the # of contracts. I

lost all of it, just sent .5 btc to keep playing but i will take it easy on the leverage and start using tight stops

>>8482445
exactly, niggers always want free stuff.

>>8482599
explain # of contracts
are u going long or short next

what part you retards dont understand of
"you will lose your first 2-3 deposits and give up in the end" i keep spamming in this kind of thread you dont understand?
if you really want to waste time and money atleast use micro deposits

>>8481920
only ever 3X and have never been liquidated.
never even got close actually

>>8481828
https://www.strawpoll.me/15333380
https://www.strawpoll.me/15333380
https://www.strawpoll.me/15333380
https://www.strawpoll.me/15333380

>>8482040
>btc is a treasonous whore

no, you're just a salty loser who got free marketed

I just don't get going over 10x leverage with large amounts like that.

With Bitmex, are they finding people that are taking equal and opposite sides of the trade--or are they market making in some instances, taking the other side of the trade themselves?

Turned 1k into 2k first week of using BitMex, lost it all the next week.
Gambling like a dipshit.

You can make money if you sit there all day and are on top of it 100% and treat it like a job, otherwise don't bother.

>>8481828
wait until this happens!

>>8482599
Look up Jesse Livermore

>>8482711
initially A

but B when someone gets liquidated

they eat the position and sell it off when they can IIRC

Threads like this make me optimistic about the future. There's still plenty of money to be made.

>>8481828
If you just want to straight up gamble, why not use something like bustabit.com or bustadice.com?

House edge is only 1% compared to what you're doing now which is clearly heavily not in your favor. If you bet 4 btc it would basically be a 50/50 at doubling up.

Literally gambling. You should have walked away when you had the chance, instead you got cleaned out $40k which will probably be more like $400k within 2 years. You are going to feel really shitty at the point. I hope you learned a lesson and stop trading on margin. It can become an addiction and ruin your life economically if you don’t exercise control.

>>8482040
Then Why are you agry at Bitmex as if you are a victim? You did it to yourself.

>>8482655
basically 1 contract = 1 dollar.
im waiting for a trendline to break down and go short

>>8482667
you mean playing small?

>>8482686
yeah and your gains are probably minuscule

>>8482694
shitty poll

>>8482695
whales manipulate at will

>>8482715
thats what i do but my bias didnt allowed me to switch and go the other way, and no stops

>>8482734
i know about him, im gonna read a lot of books soon

>>8482765
why?

>>8482790
thats 100% gambling and bitmex isnt if you know what youre doing and youre not retarded

>>8482800
this is like the 3rd time i destroy my account, luckily my shitcoins were fueling my bitmex play but they dried up

>>8482815
not angry just dissapointed and sad, i keep doing dumb mistakes

>>8482885
>shitty poll

t.bitmex shill.

>>8482800
Also check my dubs

>>8482885
Stops would literally save you from your problems. In all markets.

>>8482885
>yeah and your gains are probably minuscule
sorry anon, but you're not going to make it. successful trading means continuously making small gains over a long period of time. wanting to become rich quickly with high leverage will wipe you out completely

another tip for you guys.have you seen those huge red and green candles -/+500 dollars.well you cant fucking trade during those times system will not let you.so you cant cover your position so you will get liquidated if you use leverage.so the game is even more rigged than you might expect.again.play with lunch/coffee money.no leverage ever.enjoy play for peanuts and understand the game and their platform

>>8482885
>lost all of it, just sent .5 btc
after losing 4 btc?holy shit.send 0.4995/0.4945 to your wallet again and play with that.
>but MUH MONEY
give up you will not get your 4btc back not with your attitude.you are going to lose that .5 tilting like a faggot and you will down 4.5 instead of just 4
>but ITS BORING
bet big lose big,bet small lose small

staying in the game and learn is way more important that getting lucky with a x25 and lose everything and your initial deposit the day after

>>8483094
>send 0.4995/0.4945 back to your wallet and play with what is left*

>>8482885
But then by your definition, you are retarded. You have worse than 50/50 odds since you've lost money.

>>8482885
>whales manipulate at will
>not the free market

mate, you need to take some lessons in getting REKT

>>8482885
>im waiting for a trendline to break down and go short
lmao

mate, the reason you keep loosing is because you're longing tops and shorting bottoms.

either do the opposite of what your retarded brain is telling you or enjoy being poor

>>8483084
true that, but some will make it, most dont.

>>8483094
i agree with all, im still in revenge trading mode but i will be 1000% more careful this time. Also about that overload issue, it was awful the last few days so I'm manually setting everything beforehand, entry exit n stop

>>8483124
that is true, i have been retarded but trying to change that

>>8483132
whales rule crypto in case youre new

>>8483173
sometimes, i did longed what i thought was breakout on resistance and paid, but you cant predict a 450 swing against you that happens in 10 minutes.

>>8482885
i fought my bias and did go long at 8900 and got fucked on the dump like you. im never going long again. this project one way or another is going down hard

>>8481828
you could’ve had 100k link
some people don’t appreciate what they have

>>8482057

Another dumb goy falling for the 50k marriage meme, just buy a cheap ring and pay the state their fee. There's no need to have costly events, that's for morons. Smart couples keep the change and go holidaying instead.

>>8482057
>waah, waaaaaah, waaaaaaaaaah.

>>8483287
>whales rule crypto

whales become whales because they DON'T sell, if they go short on and buy back lower it's because of weak hands and retards like you are on margin

>but you cant predict a 450 swing against you that happens in 10 minutes
I dunno, maybe play with less leverage?
a 5% swing shouldn't kill you, or if it can you need to be running a stop holy shit, that's like 20x

God damn I feel you OP, fucking margin trading is crazy addictive

>>8481929
then would you send me 1 btc to buy a motorcycle sir pls?

>>8483771
Im the only one who doesn't like how BitMex shows profits/loses? it looks like an excel sheet it's fucking horrible it also confuses me kek

I feel you OP.

I lost 1.2 BTC, not nearly as much but it made me depressed for a week. Sad thing is, I promised myself that I'd stop after being up .3 BTC in an hour on my first time using it. Lost some, chased the losses, and also got fucked by a big green candle $500 upwards.

Accept it and move on. CasinoMex is designed to give you a good high, and encourage risk. Its a profitable way to make BTC is a tough market, but only if you're patient and manage risk properly. IE...25-100x leverage is very dangerous with the manipulated swings

why didnt you just put the 4 btc on black in roulette

>>8482057
How about you give me 500$ right now to pay for my taxes and college so I don't go homeless and without a future, faggot?

Eastern Europe in some cases is worse than China.

>>8482057
>>8482150
what the fuck
you realize you don't have to get married, right, you fucking turbo beta?

>>8482040
>my stop is usually liquidation
OP, you know if you even set your stop FIVE FUCKING DOLLARS before your liquidation you will save up to 60% of your equity?
you are quite literally THROWING money away simply because you're ignorant.

people, please, learn from OP's mistakes. Use a stop loss. Don't use large leverage on any positions you will let ride for an extended period of time.
also, bitmex has a testnet... make money there first, christ.

Turned 0.3 BTC to 3 BTC and then proceeded to lose 70%. Still up though but goes to show this is a gamble because one guy can dump or buy and throw everything out the window

>>8484566
I never did leverage trading on crypto but I assume a testnet is the bit where you get some monopoly money to play around with? It doesn't prepare you for the rush of risking actual money though.

>>8482195
You went over 50x leverage at the most volatile point?

All these socialists begging OP for money, typical most are europoors or from "developing" countrys.

>>8484566
>OP, you know if you even set your stop FIVE FUCKING DOLLARS before your liquidation you will save up to 60% of your equity?
you are quite literally THROWING money away simply because you're ignorant.

is this true? how, explain sir pls sir give more advice sir i want to daytrade sir

>>8484566
>OP, you know if you even set your stop FIVE FUCKING DOLLARS before your liquidation you will save up to 60% of your equity?
You're a fucking liar or pajeet

At least you are hopefully not that fucked like the guy who went from 3btc to 200 btc and lost it all again. Stop gambling that shit. Go to the casino once in a while.

>>8484811
>>8484864
https://medium.com/@Austerity_Sucks/why-you-should-never-use-your-liquidation-price-as-a-stop-loss-on-bitcoin-futures-30655f280ddd
read u stupid fucks

>>8481929
No 4 BTC is a lot for a random 17 year old. And I am assuming the average age of /biz/ is under 20.

>>8484907
NOW YOU ARE TELLING ME THIS FUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUCJK last night i lost %40 of my stack and now you telling me this shit

FUUUUUUUUUUUUUUUCK

>>8481828
OP, seriously, before you lose your last bit of money... join us and learn to be reasonable: discord (dot) gg (slash) tebwEwv

>pic related, I closed this position earlier at around 9100

>>8484907
Oh look, it's only relevant if you're using 100x like a retard

you can add margin to your position and get a better liq price (you will pay extra fees for that ofc).why you guys even bother if you dont even know the basic rules.

ITT

>>8485109
Is there a simpler way to see how much have you lost/profit on BitMex? it looks horrible desu

>>8485177
as far i know there is no better way to display your total losses using their user interface,but on their api tab there is something you could try like importing json data to a third party program.no idea if thats useful or better.

i found way more useful their trade and order history.so you can check fees and other fun stuff

>>8484566
yeah im going with>>8484864

What is the best exchange to margin trade for Amerifags? I only know of Polo which I believe is limited to 2.5x

I used to get absolutely destroyed in forex and gave up completely. In about a week on BM I've turned $40 into almost $500. Mostly trading 25-100x. Just have to follow channels desu. Not saying luck isn't a factor, but this seems way easier than the forex world.

>>8482040
>never used less than 50x

This has to be a joke

>>8486024
Binanace soon, Biz will be completely broke in a month.

>>8486218
>Binanace soon
oh really ?

>>8482057
dude i unironically hope your dumb girlfriend dies and that you lose the lunch money you got invested in crypto. Being a bitter faggot gets you nothing. Kill yourself you pathetic fuck

I went long at 7.5k with $1000 at 100x and made 10k, it's so easy.

>>8486024
bro just use a vpn lol

me right now
anyone else care to post position ?
i get a kick out of it