Topic: Bitmex for noobs - Leveraged Trading. Longs and Shorts! - page 3. (Read 2771 times)
Longed 6185
Took profit at 6210. No idea what to do next.
Unfortunately had a horrible long at 6490 and got wrecked. Now long at 6100.
Good alt movement today. I think we may see 6750 but then a rejection
Hoping for a 6425 long.
Bitmex is great for people who know what they are doing and are careful however if you are doing leverage trading and you are "noob for bitmex" than you are doing something very dangerous for yourself, I would definitely suggest to get away from bitmex and leverage trading until you are already good at trading regular trading. If you start doing well on regular trading and get good results and start to make profits than you can slowly start to move to leverage trading and start there slowly with low amounts and try to make some returns, do not jump right in hoping you can make a lot of money right away.
The most boring day of all time. Still eyeing a 6500 long, but this is due for a big move for sure.
Looking for a long at 6500.
Took profit at 6550. Sitting out for a bit. Next move is probably a big one but no idea which way it is. I'm hoping for 6k one more time.
Long at 6430 here.
I don't think it's true that bitmex is also an exchange place that has a very high daily trading volume and with the facilities provided from bitmex you should be able to use it to grow assets that you have in an easy way and can be used to learn so everyone it must be at any time to learn and do not feel to be someone who is smart or arrogant.
Have bookmarked this thread to keep some head ups with bitmex trading, have attempted that in the past but got liquidated, maybe have to do some more work and learning here
Leverage trading in general requires you to really know what you are doing, so the fact that you got liquidated could have only been for one reason. You never really had a strategy or a plan which could have happened to you anyway in any trading platform outside leveraging platform. The only difference here is that with a higher leverage, you can play with losing all your funds, while in normal trading, you can simply just decide to hold and buy lower as the case may be.
Absolutely agree with you.
Leverage trade is designed to make you lose your deposit. This is not an opportunity to earn more, as people may think.
forgot to post and obviously a lot has happened but here we are in a similar spot! I'm once again in a long around 6500. Hoping we get a push but may retrace to 6430 range.
In my opinion, Bitmex is a large platform for trading Bitcoin futures with leverage that allows it to profit from bearish and bullish trends. The higher leverage you choose the less risk you face.
Have bookmarked this thread to keep some head ups with bitmex trading, have attempted that in the past but got liquidated, maybe have to do some more work and learning here
Leverage trading in general requires you to really know what you are doing, so the fact that you got liquidated could have only been for one reason. You never really had a strategy or a plan which could have happened to you anyway in any trading platform outside leveraging platform. The only difference here is that with a higher leverage, you can play with losing all your funds, while in normal trading, you can simply just decide to hold and buy lower as the case may be.
Absolutely agree with you.
Leverage trade is designed to make you lose your deposit. This is not an opportunity to earn more, as people may think.
Long at 6550. Keeping a tight SL.
Have bookmarked this thread to keep some head ups with bitmex trading, have attempted that in the past but got liquidated, maybe have to do some more work and learning here
Leverage trading in general requires you to really know what you are doing, so the fact that you got liquidated could have only been for one reason. You never really had a strategy or a plan which could have happened to you anyway in any trading platform outside leveraging platform. The only difference here is that with a higher leverage, you can play with losing all your funds, while in normal trading, you can simply just decide to hold and buy lower as the case may be.
Absolutely agree with you.
Leverage trade is designed to make you lose your deposit. This is not an opportunity to earn more, as people may think.
Hoping for a long at 6580 now.
Have bookmarked this thread to keep some head ups with bitmex trading, have attempted that in the past but got liquidated, maybe have to do some more work and learning here
Leverage trading in general requires you to really know what you are doing, so the fact that you got liquidated could have only been for one reason. You never really had a strategy or a plan which could have happened to you anyway in any trading platform outside leveraging platform. The only difference here is that with a higher leverage, you can play with losing all your funds, while in normal trading, you can simply just decide to hold and buy lower as the case may be.
Hoping for a 6425 long.
Looking to short 6550 to 6450 possibly. Expecting a small retrace down then upwards to high 6000's again I THINK.
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