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/biz/ - Business & Finance

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File: 4 KB, 1263x205, BitMEX.png [View same] [iqdb] [saucenao] [google]
8620828 No.8620828 [Reply] [Original]

I LOST ALL MY MONEY AGAIN

>> No.8620859

>longing the king

>> No.8620879

BOGGED

>> No.8620952

>>8620828
why didn't you just short?

>> No.8621006

>>8620828
why would anyone go above x5 when they just start out with this shit?
boggles my mind...

>> No.8621022

Going above x10 is dead

>> No.8621041

>>8621006
Really bogges my long

>> No.8621057
File: 89 KB, 265x265, teeka-circle.png [View same] [iqdb] [saucenao] [google]
8621057

Leverage: 100x

>> No.8621070

>>8621006
i literally only trade at 50x, 25 is as low as i'd be willing to go otherwise the gains are just too little.

>> No.8621078

>>8621057
WHAT STOP LOSS SHOULD I USE MAN??? PLEASE TELL ME!!!

>> No.8621081

>>8621022
using anything but short is dead

you just gotta have enough cash on the side to keep it from liquidating on short squeezes

>> No.8621084
File: 175 KB, 500x481, 1522102739961.png [View same] [iqdb] [saucenao] [google]
8621084

>>8620828

>> No.8621141

>>8620828
how much leverage?
cross or isolated?

>> No.8621163

>>8621081
I want to short with leverage but in a volatile market like this. Fuck volatility man

>> No.8621306

>>8621141
I was literally only using 15x, I longed at 7950 with no stop loss because every time I've used a stop loss it's just touched it then done done a complete reversal so I get no gains

>> No.8621325

>>8621306
>Long with high leverage in a crashing market

>> No.8621373

>>8621325
15x isn't even that high though

>> No.8621543

>>8620828
>>8621306
>>8621373

The trend is your friend, start at weekly charts and zoom into your preferred timeframe and prioritize positions that go in the direction of the trend, you have to have reasonable stop losses in place (use stop market orders with close on trigger selected), never use cross leverage (looks deceiving and often leads to over sizing of orders), cost average your entries in and finally only enter with 10-25% of your account and leave the rest for hedging, adding (when its profittable and on breakouts), delvering (if it goes tits up but you believe in the position long term/don't want to stop it out) - combined with stop losses that gives you 4 options to manage risk when the market goes against you. 15x is pretty high leverage when you think about it -6.66% = liquidation of your margin, I'd recommend actually grinding on lower leverage like 5x with a focus on consistency over gains, aim for something like 1% a day if you are serious trader. If not then you shouldn't be on Bitmex in the first place other than to perhaps hedge your holdings by opening a leveraged short (a better alternative to moving back to fiat). Then once you've made say 10% or so you can reward yourself and withdraw 5% of the gains back to your wallet and send 1% of that 5 into a new Bitmex account and then play with high leverage like that, once you get good at sniping (and providing mex isn't fucking you over with overloaded orders) you can 100x and probably be successful a lot of the time. Now get back to work and build up some fresh capital to buy these incoming BTC lows and get back to it. You are gonna make it!

t. Bitmex trader since 2016

>> No.8621584

>>8621543
I trust you, you sound knowledgeable.

Be honest, how much have you made this year so far?

>> No.8621630

>>8621543
Is x10 okay? x5 seems a tad too low

>> No.8621654

>>8621630
I like x8

>> No.8621686

>>8621543

how much % a day is reasonably good on bitmex/achievable?

>> No.8621857
File: 49 KB, 645x729, pqafkb6d9ba01.jpg [View same] [iqdb] [saucenao] [google]
8621857

>>8621630
>5x is too low
Even 2x leverage is too high. Look at the volatility of btc, it's in the hundreds in just one day. Only leverage if you know what you're doing.

>> No.8621898

I've lost over 10 btc on this scam site
I swear they rig it so you always lose

>> No.8621910
File: 17 KB, 495x362, db4.jpg [View same] [iqdb] [saucenao] [google]
8621910

>>8620828
SAME DUDE... AS SOON AS I FUCKING LONGED IT CRASHED BY THE FUCKING 300 AND LIQ'D ME FUCKING OATH AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.8621935

>>8621543
This guy fucks.
I'm on 8-9x leverage most shorts, this shit aint going up and up until it at least goes to 7.3k first, fake outs and reversals can fuck themselves.
I hate day-trading so I don't try and scalp the bounces, just hold the shorts until it hits big resistence. Took profit at 7.5k today, shorting again with liquidation at 8470.

>> No.8621937

>>8620828
shorted at 8K at 25X. First time using BitMex. Closing at 7200 conservatively, but we're probably going lower.

>> No.8622024

>>8621857
>2x is too high
>in a clear downward trend
>would literally need BTC to go to 14k before getting liquidated

soyboy

>> No.8622202

you will lose your first 2-3 deposits and then give up in the end.dont fall for the get rich quick stories.bitmex,finex,etc are going to take all your money.if you really want to learn stuff you must start very low (10 dollars or coffee money) when you lose them all just make another deposit (half of the original deposit) in the end if you lose 15 dollars isn't a big of deal.
>but i want to make money,small amounts are so boring
go to the casino

>> No.8622261

a fool and his money are easily parted

>> No.8622406

>>8621078
none, leverage more.

>> No.8622655

>>8622024
>hurr im an alpha chad
Yeah, let me see your trades then. And no, demo doesn't count.

>> No.8623110
File: 146 KB, 2762x1349, Chad short sell.png [View same] [iqdb] [saucenao] [google]
8623110

>>8620828
You're doing it wrong.

>> No.8623239 [DELETED] 
File: 11 KB, 1558x28, my position.png [View same] [iqdb] [saucenao] [google]
8623239

Just sent short 50x at 7520.... wish me luck

>> No.8623269

anywhere amerifags can short btc? i’d use a vpn but i’m worried about getting v& or something

>> No.8623896

>>8621543
rare gem

>> No.8624418

>>8623269
v&?

>> No.8624656

>>8624418
secret government agency that parses biz for US citizens who admit signing up to Bitmex via VPN.

the v& guys don't mess around. I saw one push a gook out of a chopper back in 'Nam

>> No.8625042

>>8624656
i didn't literally mean v&, but what happens when you have to declare income from an exchange that you aren't allowed to use? am i overthinking this?

>> No.8625051
File: 66 KB, 557x352, Screenshot_20180329-105337.jpg [View same] [iqdb] [saucenao] [google]
8625051

Hmmm

>> No.8625370

>>8625042
It's a good question. I don't know the answer. I'm not sure that you have to reveal the exchange you used when reporting gains.

>> No.8626012

A lesson for you biz. I started on Bitmex a few weeks ago. Made 6 great trades in a row and was up 500% on initial investment. Thought I was a god, was picking a new car and everything.

Well I got greedy and now its all gone.

>> No.8626146

>>8621543
Good post. Some real fucking retards on /biz/