Just opened a 50x short

[Anonymous No.9852742]

Liq @ 7123. We're not going to break 7k anytime soon, bitcoin needs to retest 3k.

[Anonymous No.9852748]

>>9852742
when we hit 3k you will say we need retest 500 usd it will not drop that much

[Anonymous No.9852752]

if we go to 3k i will end myself

[Anonymous No.9852755]

no one fucking cares also gl cashing out if you're american because they will lock your withdrawals unless you verify your address in a non US country

[Anonymous No.9852789]

>>9852755
This is an incorrect statement sir
You know not of which you speak
Be less dumb ples sir

[Anonymous No.9852806]

>>9852742
Post short or gtfo

[Anonymous No.9852812]

>>9852742

[Anonymous No.9852851]

>>9852742
Shorting after 6 weeks of downtrend with a final dump on the gold support.
Biztards are legends

[Anonymous No.9852890]

>>9852742
>bitcoin needs to retest 3k because of my feelings
People like you are why bitmex exists

[Anonymous No.9852899]

>>9852789
they did it to me when I went from 0.0100 XBT --> 0.23

[Anonymous No.9853187]

>>9852851
keker

[Anonymous No.9853201]

>>9852851
This. Jesus Christ OP.

[Anonymous No.9853259]

>>9852742
We arent going to 3k manlet.
A drop to 5k would be huge, 3k is not going to happen

[Anonymous No.9854233]

>>9852812
>saving the thumbnail

[Anonymous No.9854263]

I have a question, how do you manage your position sizes in mex vs. how much leverage you use?

Looks like I get the same returns from using half as much position size but twice the leverage. Makes sense but if my strategy is to keep tight stops, which would be a better idea - increasing position size overall, or raising leverage?

[Anonymous No.9854287]

>>9852742
Fucking noob, we don't care. enjoy losing your money

[Anonymous No.9854315]

>Bitcoin needs to retest 3k because I said so
you retarded bearfags have been saying this forever, but it can't even go below 5900

stay retarded, some whale like AA is going to pump it from 6700 to 7600 just to liquidate your retarded smug ass.

[Anonymous No.9854374]

>>9854263
As a rule, risk 1% of your stack as margin with with 10x-25x (I use 15x personally) and adjust from there based on kelly and your own W/L % using your system.

I wouldn't risk my entire stack or anything close to it on one trade, even if you're setting stop losses. Market stops can ruin your risk/reward and limit stops have the risk of not executing at all. Also, look up risk of ruin and Kelly criterion for optimal leverage formulas, there's a good article on Earnest Chan's (a quant trader) blog. Most people underestimate the amount of starting capital they need to make significant money day trading, even in a volatile market like Crypto.

[Anonymous No.9854500]

>>9854315
>AA

Who?

[Anonymous No.9854554]

you know why you retards get liquidated? its because you decide its a good idea to short AFTER it goes down, or long after it goes up.
You do realize thats way riskier due to having a worse entry price? thats how you end up shorting the bottom.

[Anonymous No.9854585]

>>9854500
The guy and his crew who pumped it from 6400 last time back in early April.

[Anonymous No.9854607]

>>9852742
Liquidation in t-2 hours.

[Anonymous No.9854620]

>>9852851
These guys were long at 19k.

[Anonymous No.9854639]

>>9852851
i may see it to drop at 6400-6200 but the last time there was massive support i myself have my last money on this bet if it drop so much i will have 100% of my money in crypto

[Anonymous No.9854683]

>>9852742
>/biz/
>Long high short low

[Anonymous No.9854691]

prepare to get liquidated OP.

[Anonymous No.9854721]

BLAST OFF
$12K EOM

[Anonymous No.9854788]

>>9852899
oh god tell me that's not true... i went from .15 to .5

[Anonymous No.9854814]

>>9854639
There's been massive support around 5900-6400 the last two times. Likely reason is because of that being close to the break-even point for miners in mid-cost Chinese regions is around $6500, give or take. It costs $5900 at $0.13/kwh just to produce 1 bitcoin right now, not factoring in paying off the cost of hardware, cooling, real estate, personnel, etc.

[Anonymous No.9854826]

>opens 50x short
>announces it on 4chan
>does not expect to be blown the fuck out

[Anonymous No.9854887]

>>9852742
What's your stop loss?

[Anonymous No.9854895]

good luck op, we will be watching the rekt bot, your position size?

[Anonymous No.9854980]

>>9854826
Literally this. Whales with nothing better to do than liquidate people like OP for fun live for shit like this thread

[Anonymous No.9855007]

>>9852742

if it touches 3k you'll see the biggest green dildo ever.

[Anonymous No.9855047]

>>9854826
>>9854980

You're so fucking clueless. It would take hundreds of millions of dollars of volume on Bitmex to reach OP's liquidation price.
There is no fucking whale who is going to be able to make it happen for fun just to liquidate OP's 100 contracts.

This retarded "whales xdd" meme has gone too far.

[Anonymous No.9855071]

>>9854374
So you use 1% of your entire stack for each trade? Or you set 1% as a stop loss of the amount you bet?
How do you know when to take profit though?

[Anonymous No.9855098]

>>9855047
wanna bet ;)

[Anonymous No.9855275]

>>9855071
Not him, but since this is basic risk management I can answer for him:
He doesn't just use 1% of his stack, he only risks 1%. Meaning that if you have $1000 capital you could even trade with the whole $1000, e.g. buy $1000 worth of BTC, but with a stop loss at the point at which you lose 1% of your capital, hence $10.

There are different profit taking strategies depending on your system and success rate. I recommend no less than 1.5R. Meaning that you don't take profits before you gain at least 1.5% / your risk times 1.5.

[Anonymous No.9855295]

>>9852742
LARP. OP went long and wants to pump the price.

[Anonymous No.9855377]

>>9855275
Thanks for the reply mate. So if his stop-loss kicked in, how would this affect his bet the next trade, ie. how would it affect the Kelly Criterion? Would his win/loss decrease?

[Anonymous No.9855411]

>>9854788
You using a VPN?

[Anonymous No.9855682]

>>9855411
no, I've only used a VPN to register my account.

But I login at home and work (which uses a VPN) so from a sysadmin perspective, it would look like someone just trading with US-based VPNs
I have never heard of anyone having withdrawal issues with BitMex so i am nervous.
I have only heard of people having issues when they need to reset their 2FA as their procedure is "prove identity and we will reset it"

[Anonymous No.9855756]

>>9855682
I mean bitmex certainly wants your business. I assume they are well aware that US citizens are trading on their platform, they just need to cover their own ass by "blocking" US IPs, but if you have a VPN probably should use it.