Topic: Bitmex for noobs - Leveraged Trading. Longs and Shorts! - page 9. (Read 2784 times)
Retest of 6.3k then the run to 6.5k I think.
Another great day today. Find the resistance points and play between them. Still think a 6.5k retest is coming.
Got pretty lucky and managed to profit on the quick downswing and then flipped to a long and caught this up swing. Super good day today. I think we'll see a retest of 6200 then back up for a bit, maybe 6.5 or something. We'll see how it goes, but definitely leaning long after a small retrace.
Simple information for some newbies who wants to plan to do margin trading with bitmex. But some piece of advice, always do 10x leverage especially when you are new to this field. Or even if you are well experienced, 10x leverage is safer and prevent huge loss.
Bitmex is great platform for trading Bitcoin futures with leverage which possible to make profit from bearish and bullish trend. And for beginner is better to use maximum 5 leverage, too high leverage is the same like betting and too high risky. This good platform is great to use when the situation of market just like now.
Just been playing these swings over and over. Great time to trade with tight SLs. I think the next big move will probably be up, but very content to play $30 swings right now.
Took profit at 6650 on the short, regretting that for sure!
Longing 6350 now.
Longing 6350 now.
Average short is 6700 but very scared. Feels like this could test 7k. Keeping a close eye, be safe!
Layering shorts from 6.6 to 6.8. I think dump will happen, but not sure when.
6500 seems crazy dangerous now. Probably sitting out until tomorrow.
Longing 6500 Range. Little scared because Friday is usually a dump. Tight SLs
Shorted 6750. Annoyed I didnt wait until 6800 but so far so good. Seeing a bounce around 6450 I think.
I have seen a skillful traders, who would claim to have up to $7,000 per month. And they mostly are telling that on there portfolio wallets are both of the types of coins. For short and for long term trading.
Took profit at 6550 and relonged. Took profit at 6650, currently no trade zone. Hoping to get a short at 6700.
Shorted 6650. May pop to 6750, but will just add there.
Took profit at 6400. Kind of skeptical about 6800 now. Waiting to see how things develop tomorrow.
Longing at 6300. Think 6.8k is in play.
Took profits at 6050. Kind of stumped on where this is going next. Might wait for a big move.
Took profits on the long. Shorting now at 6130.
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