Topic: A trader's diary - my Bitmex journey - page 2. (Read 1113 times)
keep up the good work!
Daily summary #13
Current balance updated in the OP.
Sentiment:
- sideways to bullish
- price swinging between 7600$ to 8100$
Open position:
Filled orders:
Active orders:
Made almost no profit or loss today.
Neither my sell order at 8346$ nor my buying order at 7540$ have been triggered.
So close, yet so far!
As the market wobbles, i am building up my long position.
I decreased the leverage - just to be sure it won't get liquidated that easily.
I see the current situation as a good opportunity to buy in - i'm still expecting new peaks & highs in the next days.
Not much power from the bears so far.
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Current balance updated in the OP.
Sentiment:
- sideways to bullish
- price swinging between 7600$ to 8100$
Open position:
Filled orders:
Active orders:
Made almost no profit or loss today.
Neither my sell order at 8346$ nor my buying order at 7540$ have been triggered.
So close, yet so far!
As the market wobbles, i am building up my long position.
I decreased the leverage - just to be sure it won't get liquidated that easily.
I see the current situation as a good opportunity to buy in - i'm still expecting new peaks & highs in the next days.
Not much power from the bears so far.
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
this is turning out to be an impressive thread, I'll be checking back regularly...
The recent downswing to 6380 was wicked on XBT, to be a discretionary high frequency trader and to succeed in controlling your loss to eventually come out ahead through those circumstances shows good strength in your trading, well done.
The recent downswing to 6380 was wicked on XBT, to be a discretionary high frequency trader and to succeed in controlling your loss to eventually come out ahead through those circumstances shows good strength in your trading, well done.
Thank you for your kind words.
Allthough i could have done better!
What a great journey... Anyway you survived. Besides, do you have any idea for eFintech.life which provides macro-level arbitrage?Thank you!
I have never heard about this website and a quick search shows poor reputation. There are almost zero reviews and arbitrage opportunities in general seem to be a hoax.
I wouldn't put a penny into this - but better do your own research.
this is turning out to be an impressive thread, I'll be checking back regularly...
The recent downswing to 6380 was wicked on XBT, to be a discretionary high frequency trader and to succeed in controlling your loss to eventually come out ahead through those circumstances shows good strength in your trading, well done.
The recent downswing to 6380 was wicked on XBT, to be a discretionary high frequency trader and to succeed in controlling your loss to eventually come out ahead through those circumstances shows good strength in your trading, well done.
Daily summary #12
Current balance updated in the OP.
Sentiment:
- sideways to bullish
- price swinging between 7900$ to 8100$
- possible peaks to 8500$
Open position:
Filled orders:
Active orders:
Made a profit of 0.012 BTC today.
Pretty unexpected sudden rise again. Was very happy to stand up this morning.
Took the profit and re-opened a position.
It's possible that we're going to hover around the 8000$ mark for some days again, so i believe there will be some trade opportunities in the next week.
I am going to reveil my 2nd Bitmex account in the upcoming days!
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Current balance updated in the OP.
Sentiment:
- sideways to bullish
- price swinging between 7900$ to 8100$
- possible peaks to 8500$
Open position:
Filled orders:
Active orders:
Made a profit of 0.012 BTC today.
Pretty unexpected sudden rise again. Was very happy to stand up this morning.
Took the profit and re-opened a position.
It's possible that we're going to hover around the 8000$ mark for some days again, so i believe there will be some trade opportunities in the next week.
I am going to reveil my 2nd Bitmex account in the upcoming days!
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Daily summary #11
Current balance updated in the OP.
Sentiment:
- sideways to bullish
- price hovering around 7300$
Open position:
Filled orders:
Active orders:
Made no profit or loss today.
As you may see, my filled & open orders haven't changed since yesterday.
I'm taking a little break on weekends - especially in market situations like we're currently in.
The 8000$ mark has already been a barrier several times in the past, so i guess we're going to need some time to break it.
The candles are looking a little more bullish again, but this needs to get confirmed in the upcoming days.
Until then, i'm going to slowly grow my position and probably increase the leverage again.
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Current balance updated in the OP.
Sentiment:
- sideways to bullish
- price hovering around 7300$
Open position:
Filled orders:
Active orders:
Made no profit or loss today.
As you may see, my filled & open orders haven't changed since yesterday.
I'm taking a little break on weekends - especially in market situations like we're currently in.
The 8000$ mark has already been a barrier several times in the past, so i guess we're going to need some time to break it.
The candles are looking a little more bullish again, but this needs to get confirmed in the upcoming days.
Until then, i'm going to slowly grow my position and probably increase the leverage again.
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
It's really amazing trade just came to tell his story and share his experience expected things are not happened while we are trading but at the end it is the way of making the income for me so I am happy to be traded and involved in the cryptocurrency field.
The drop down on Bitmex was pretty wicked, whole place locked up for liquidation after liquidation.
I happened to be in a short down from 7800, I expected a drop but that was something else.
Love the volatility!
I happened to be in a short down from 7800, I expected a drop but that was something else.
Love the volatility!
Exactly, the volatility and corresponding possibilities to make an extra income are an amazing thing. Though a more stable market would probably attract more 'traditional' investors and therefore increase the cash flow exponentially!
Nice to see you were able to make a profit from the sudden drop!
I'm currently waiting for clear signals. Until then, I will probably just keep the position open. Risk management is one of the most important things as a trader - having patience is key to success.
The drop down on Bitmex was pretty wicked, whole place locked up for liquidation after liquidation.
I happened to be in a short down from 7800, I expected a drop but that was something else.
Love the volatility!
I happened to be in a short down from 7800, I expected a drop but that was something else.
Love the volatility!
It's really amazing trade just came to tell his story and share his experience expected things are not happened while we are trading but at the end it is the way of making the income for me so I am happy to be traded and involved in the cryptocurrency field.
Daily summary #10
Current balance updated in the OP.
Sentiment:
- sideways
- price swinging between 7000$ to 7300$
Open position:
Filled orders:
Active orders:
Made a loss of around -0.022 BTC.
(yesterday's position was liquidated)
The market indeed was very undecided before i went to bed.
Because of that, i cleared all of my buying orders before - good move, the whole position would have been wiped out by that 6380$ candle this morning!
The earlier predicted lower target of 6800$ seem plausible again.
I deleveraged my new position to keep me away from another liquidation.
Can't tell how low the price may go!
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Current balance updated in the OP.
Sentiment:
- sideways
- price swinging between 7000$ to 7300$
Open position:
Filled orders:
Active orders:
Made a loss of around -0.022 BTC.
(yesterday's position was liquidated)
The market indeed was very undecided before i went to bed.
Because of that, i cleared all of my buying orders before - good move, the whole position would have been wiped out by that 6380$ candle this morning!
The earlier predicted lower target of 6800$ seem plausible again.
I deleveraged my new position to keep me away from another liquidation.
Can't tell how low the price may go!
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Daily summary #9
Current balance updated in the OP.
Sentiment:
- bullish
- price swinging between 7900$ to 8400$
- expecting a new high up to 8700$
Open position:
Filled orders:
Active orders:
Made a small profit of around 0.0008 BTC.
Yesterday's prediction didn't get confirmed. Hooray!
Instead, the price jumped back immediately and we did retest the upper resistance near 8400$ later.
It looks like the bulls still have enough power to go further.
I was able to build up a position near the 8000$ mark again.
I am going to leave it open until we hit a new high or if the market seems undecided again.
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Current balance updated in the OP.
Sentiment:
- bullish
- price swinging between 7900$ to 8400$
- expecting a new high up to 8700$
Open position:
Filled orders:
Active orders:
Made a small profit of around 0.0008 BTC.
2 Dojis followed by a Dragonfly and another Doji, and currently we can see a new red bar forming.
If this gets confirmed by additional red candles, we might see a "bearish checkmate".
If this gets confirmed by additional red candles, we might see a "bearish checkmate".
Yesterday's prediction didn't get confirmed. Hooray!
Instead, the price jumped back immediately and we did retest the upper resistance near 8400$ later.
It looks like the bulls still have enough power to go further.
I was able to build up a position near the 8000$ mark again.
I am going to leave it open until we hit a new high or if the market seems undecided again.
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Daily summary #8
Current balance updated in the OP.
Sentiment:
- uncertain to bearish
- correction to around 6800$ becomes more plausible
- price swinging between 7000$ to 7900$
Open position:
-
Filled orders:
Active orders:
-
Made a profit of around 0.0034 BTC.
My current sentiment got confirmed by the market today.
Instead of keeping my position, i sold it now since a correction seems more and more plausible due to the current candlesticks.
I also cleared all my buying orders because of this.
We failed to retest the 8300$ resistance, instead we're currently testing the 7900$ support over and over.
As you can see in the chart:
2 Dojis followed by a Dragonfly and another Doji, and currently we can see a new red bar forming.
If this gets confirmed by additional red candles, we might see a "bearish checkmate".
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Current balance updated in the OP.
Sentiment:
- uncertain to bearish
- correction to around 6800$ becomes more plausible
- price swinging between 7000$ to 7900$
Open position:
-
Filled orders:
Active orders:
-
Made a profit of around 0.0034 BTC.
My current sentiment got confirmed by the market today.
Instead of keeping my position, i sold it now since a correction seems more and more plausible due to the current candlesticks.
I also cleared all my buying orders because of this.
We failed to retest the 8300$ resistance, instead we're currently testing the 7900$ support over and over.
As you can see in the chart:
2 Dojis followed by a Dragonfly and another Doji, and currently we can see a new red bar forming.
If this gets confirmed by additional red candles, we might see a "bearish checkmate".
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Daily summary #7
Current balance updated in the OP.
Sentiment:
- uncertain (still bullish? / waiting for a correction)
- price swinging between 7900$ to 8300$
Open position:
-
Filled orders:
Active orders:
Made a profit of around 0.001 BTC.
(it is somehow included in the previous' day PNL)
I feel a bit uncertain about the market, so i didn't trade at full risk as usual.
Had to clear up my buy orders as they were not reasonable any more.
Am still looking for quick profits in the 7900$ - 8300$ area.
A correction becomes more and more plausible.
I expect a dip in the next days, possibly down to 6800$, but who knows.
Cool, thanks for being with me on this journey!
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Current balance updated in the OP.
Sentiment:
- uncertain (still bullish? / waiting for a correction)
- price swinging between 7900$ to 8300$
Open position:
-
Filled orders:
Active orders:
Made a profit of around 0.001 BTC.
(it is somehow included in the previous' day PNL)
I feel a bit uncertain about the market, so i didn't trade at full risk as usual.
Had to clear up my buy orders as they were not reasonable any more.
Am still looking for quick profits in the 7900$ - 8300$ area.
A correction becomes more and more plausible.
I expect a dip in the next days, possibly down to 6800$, but who knows.
interesting project! jumped in for updates of you.
Cool, thanks for being with me on this journey!
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
interesting project! jumped in for updates of you.
I got rekted once on bitmex, and never do margin trading again. Bitmex is not advisable for newbies, they may end up losing a great deal. I will advice any novice that would want to use bitmex should settle down and learn its basics before Puting in real funds
I also got rekt on Bitmex on my very first try.
There is an old saw: "You need to get broke 2 times before being able to get rich."
Yeah one should always do research before putting in any money.
Not everyone is born a trader - you need to be disciplined at first place.
But, if a newbie would ask me about important things on how to start, i would tell him:
- only trade a small portion of your assets at a time
- never panic - stick to your decisions
- use a very low leverage
Everything else is only experience.
I got rekted once on bitmex, and never do margin trading again. Bitmex is not advisable for newbies, they may end up losing a great deal. I will advice any novice that would want to use bitmex should settle down and learn its basics before Puting in real funds
Daily summary #6
Current balance updated in the OP.
Sentiment:
- bullish to sideways
- expected price reached
- price swinging between 7300$ to 7900$
Open position:
-
Filled orders:
Active orders:
Made a huge profit of around 0.042 BTC!
I was able to build up a huge position around the 7000$ in the past 24 hours with my cost-averaging strategy.
It really paid off - the biggest profit within a day i had so far!
I could have sold my position a little later with higher profit, but that won't bother me.
Win is win.
I am not in the mood to make any prediction about tomorrow, but there are no signs of a reversal.
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Current balance updated in the OP.
Sentiment:
- bullish to sideways
- expected price reached
- price swinging between 7300$ to 7900$
Open position:
-
Filled orders:
Active orders:
Made a huge profit of around 0.042 BTC!
I was able to build up a huge position around the 7000$ in the past 24 hours with my cost-averaging strategy.
It really paid off - the biggest profit within a day i had so far!
I could have sold my position a little later with higher profit, but that won't bother me.
Win is win.
I am not in the mood to make any prediction about tomorrow, but there are no signs of a reversal.
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Daily summary #5
Current balance updated in the OP.
Sentiment:
- bullish to sideways
- expected price reached
- price swinging between 7100$ to 7600$
Open position:
Filled orders:
Active orders:
Made a profit of around 0.0036 BTC.
I messed up a short position AGAIN - another reminder why i should stick to my own rules.
I got more confident in the bullish momentum, that's why i built up a greater long position.
I think we're going to retest the 7600$ area anytime soon again.
The resistance is strong there so we might have reached the top for now.
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Current balance updated in the OP.
Sentiment:
- bullish to sideways
- expected price reached
- price swinging between 7100$ to 7600$
Open position:
Filled orders:
Active orders:
Made a profit of around 0.0036 BTC.
I messed up a short position AGAIN - another reminder why i should stick to my own rules.
I got more confident in the bullish momentum, that's why i built up a greater long position.
I think we're going to retest the 7600$ area anytime soon again.
The resistance is strong there so we might have reached the top for now.
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Daily summary #4
Current balance updated in the OP.
Sentiment:
- bullish to sideways
- expeced price reached!
- expecting price swinging between 6600$ - 6980$
Open position:
-
Filled orders:
Active orders:
Made a nice profit of around 0.009 BTC.
Bitcoin is still gowing strong. It broke several resistances in only 48 hours and reached 6985$ at its peak. Wow!
It gets harder and harder to predict where the price is going, so i am very careful with my positions.
I think we either see a rise to 7800$ in the upcoming days or we're going sideways in the 6300$ - 6800$ range.
A greater pullback would require a significant signal before (to my mind!).
Today the ROI of my Bitmex journey reached 1007%.
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Current balance updated in the OP.
Sentiment:
- bullish to sideways
- expeced price reached!
- expecting an uptrend to 6700$
- expecting price swinging between 6600$ - 6980$
Open position:
-
Filled orders:
Active orders:
Made a nice profit of around 0.009 BTC.
Bitcoin is still gowing strong. It broke several resistances in only 48 hours and reached 6985$ at its peak. Wow!
It gets harder and harder to predict where the price is going, so i am very careful with my positions.
I think we either see a rise to 7800$ in the upcoming days or we're going sideways in the 6300$ - 6800$ range.
A greater pullback would require a significant signal before (to my mind!).
Today the ROI of my Bitmex journey reached 1007%.
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Daily summary #3
Current balance updated in the OP.
Sentiment:
- superbullish
- expecting an uptrend to 6700$
- expecting price swinging between 6200$ - 6480$
Open position:
Filled orders:
Active orders:
Made a nice profit of around 0.003 BTC.
I broke one of my rules and shorted this morning from around 6280$ and closed the position later as i saw the strength of the support.
PNL was around 0. Yes, FOMO kicked in.
Actually i did expect the support at 6050$ to be weak, but this doesn't seem to be the case.
Downward wicks are pretty long, so i assume the power of the bears still remains pretty low.
You may notice my withdrawal - i funded my 2nd Bitmex account for another "strategy". Going to add that one in the next days!
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Current balance updated in the OP.
Sentiment:
- superbullish
- expecting an uptrend to 6700$
- expecting price swinging between 6200$ - 6480$
Open position:
Filled orders:
Active orders:
Made a nice profit of around 0.003 BTC.
I broke one of my rules and shorted this morning from around 6280$ and closed the position later as i saw the strength of the support.
PNL was around 0. Yes, FOMO kicked in.
Actually i did expect the support at 6050$ to be weak, but this doesn't seem to be the case.
Downward wicks are pretty long, so i assume the power of the bears still remains pretty low.
You may notice my withdrawal - i funded my 2nd Bitmex account for another "strategy". Going to add that one in the next days!
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
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