Check Out my Bitcoin Hugging Strategy!!!

edmundduke

legendary

Activity: 1624

Merit: 1007

Quote from: BITHUG on April 07, 2019, 02:11:55 AM

Hi Friends,

Open two accounts in Bitmex. One for going long and another for short. You should enter trade same time in both accounts. when the price moves in one direction you make profit either up or down. If it moved sideways re enter after doubling your initial amount. Continue this process when you are in green.

For Example:

Starting with 2 bitcoin by depositing 1 bitcoin each in two bitmex accounts.

Current Market price of Bitcoin is 5151

Long 440000 in one account with 100X leverage, Liquidation @5126, Exit price @ 5211.
Short 440000 in one account with 100X leverage, Liquidation @5176, Exit price @ 5091.

Assume the price reached 5255,

Your profit in first account is 0.98 btc.
Your loss in second account is -0.41 btc.

So Net profit is 0.57btc

If you lose trade in both accounts don't be panic.
Re-enter with doubling the initial capital that is 4 btc if that fails 8 btc and so on..

So plan according to your total capital because bitcoin may move sideways for long time. You can change the above Leverage, Liquidation and Exit price to your preference and stick to it up to green. You can use this strategy anywhere you want for trading.

If you like my strategy, kindly donate me to the following btc address:
1C4xfQt3thrHohaBUySNYKHbw2dz83SUJp

Thanks.

I mean, this is one of the worst ideas you can give out, especially to newer traders. First of all, new traders (well actually most traders) should stay away from margin all together. If you feel you need to use it, use low leverages. And opening counter trades is nothing new, pretty common tbh

ChrisPop

legendary

Activity: 2310

Merit: 1033

Not your Keys, Not your Bitcoins

This is martingale man combined with some very bad strategy. It is actually a gambling strategy but applied to a moving chart. lol This is especially for newbies in this forum: Do NOT follow this strategy unless you want to gamble. Trading should be done with technical and/or fundamental analysis. What you could actually do is enter a hedge by buying and selling the same amounts in each account then when you get a clear signals that the price will move one way you should exit the negative position and let your profits run Wink

voltesbit777

sr. member

Activity: 910

Merit: 251

Day trading is very risky especially with less experienced traders. If you're going to try his techniques, better to start with low capital, an amount you can afford to lose. Remember that losses are part of the experiences one trader has to take only for him to be successful. What is important here is how are you going to recover from losses.

BITHUG

newbie

Activity: 28

Merit: 0

One should try this strategy with small amounts and when they feel confident they can go for next level. Also better to avoid dull markets when no action is going on.

Thanks for the reply.

beerlover

legendary

Activity: 2842

Merit: 1152

Quote from: BITHUG on April 11, 2019, 03:19:15 AM

At last i got one person who understands my concept. One has to be discipline not greedy. Look, what happened now the price crossed 5400 and came back to 5200.

Do you know what amazes me about you, your level of patience and time you commit in answering every comments, even the ones that are quite rude, I must commend you for this and your maturity, this indeed has made me think twice in paying attention to what you are saying.

I will probably take my time too to study it thoroughly and see if it something that will fly for me or not, but don’t you think that 1 BTC is quite too much, is there no way one can try it with little amount to really be sure of its effectiveness first before committing such huge amount of fund, let’s say like $100, you know it depends on your country, $5000 might not be much to you but in some countries, when converted to their currency, it’s quite much..

playboy654

member

Activity: 546

Merit: 32

Yes it is little different from the other Strategies and I think it my work for some of them who are like you will definitely want the profit in the regular intervals and I will definitely get paid for their investment when using this strategy.

Idrisu

sr. member

Activity: 924

Merit: 260

Quote from: BITHUG on April 07, 2019, 02:11:55 AM

Hi Friends,

Open two accounts in Bitmex. One for going long and another for short. You should enter trade same time in both accounts. when the price moves in one direction you make profit either up or down. If it moved sideways re enter after doubling your initial amount. Continue this process when you are in green.

For Example:

Starting with 2 bitcoin by depositing 1 bitcoin each in two bitmex accounts.

Current Market price of Bitcoin is 5151

Long 440000 in one account with 100X leverage, Liquidation @5126, Exit price @ 5211.
Short 440000 in one account with 100X leverage, Liquidation @5176, Exit price @ 5091.

Assume the price reached 5255,

Your profit in first account is 0.98 btc.
Your loss in second account is -0.41 btc.

So Net profit is 0.57btc

If you lose trade in both accounts don't be panic.
Re-enter with doubling the initial capital that is 4 btc if that fails 8 btc and so on..

So plan according to your total capital because bitcoin may move sideways for long time. You can change the above Leverage, Liquidation and Exit price to your preference and stick to it up to green. You can use this strategy anywhere you want for trading.

If you like my strategy, kindly donate me to the following btc address:
1C4xfQt3thrHohaBUySNYKHbw2dz83SUJp

Thanks.

It is too risky to follow this type of trading patterns and I have tried this with binary options before but lose heavily and I have to abandon that and started focusing on trading base on technical and fundamentals analysis that I have done myself. However, it might work for those that has decided to gambling with there risky capitals.

mrdeposit

hero member

Activity: 1358

Merit: 509

Quote from: BITHUG on April 07, 2019, 02:11:55 AM

Hi Friends,

Open two accounts in Bitmex. One for going long and another for short. You should enter trade same time in both accounts. when the price moves in one direction you make profit either up or down. If it moved sideways re enter after doubling your initial amount. Continue this process when you are in green.

For Example:

Starting with 2 bitcoin by depositing 1 bitcoin each in two bitmex accounts.

Current Market price of Bitcoin is 5151

Long 440000 in one account with 100X leverage, Liquidation @5126, Exit price @ 5211.
Short 440000 in one account with 100X leverage, Liquidation @5176, Exit price @ 5091.

Assume the price reached 5255,

Your profit in first account is 0.98 btc.
Your loss in second account is -0.41 btc.

So Net profit is 0.57btc

If you lose trade in both accounts don't be panic.
Re-enter with doubling the initial capital that is 4 btc if that fails 8 btc and so on..

So plan according to your total capital because bitcoin may move sideways for long time. You can change the above Leverage, Liquidation and Exit price to your preference and stick to it up to green. You can use this strategy anywhere you want for trading.

If you like my strategy, kindly donate me to the following btc address:
1C4xfQt3thrHohaBUySNYKHbw2dz83SUJp

Thanks.

Very smart idea to burn account in a few trades. LMAO.

First, you don't need two accounts for opening hedge trades and trying to hide the real trades is not a good idea either way.

Martingale strategy is a form of money management and you need unlimited bankroll in case of things to go worse than calculated limits.

LimLims

sr. member

Activity: 1204

Merit: 272

1xbit.com

Your strategy seems to be pretty good.
But i would like to add a few things that, it doesn't at all matter how good your strategy is, but if you follow it second time then you have 90% chance to face losses.
Not only me, many on this forum can witness that.
The thing that can only save you from being drive into losses is the present sense of mind which indeed makes your day.
I can also see that your strategy is well planned, but to be honest we really can't rely completely upon you and also cannot blame if we face losses.

Vispilio

legendary

Activity: 2086

Merit: 1631

Martingale is a horrible way to trade, unless you know for a fact that the price of an instrument has to fundamentally retrace, in which case there might be a sound reason to double up (or ladder up) in special circumstances...

That kind of price action occurs in some cyclical or revert to mean products, behaviors that a highly volatile product like BTC cannot be definitively expected to adhere to...

jazmuzika217

member

Activity: 476

Merit: 12

Quote from: pawanjain on April 12, 2019, 11:20:08 AM

All those who are saying it is risky to invest such huge amounts, OP has just given an example and a much lower can also be used to test this strategy.
Also, OP, I think this strategy would be much useful in day trading where a trader sets the target for a day and if he losses then he could reinvest the next day with double capital amount.
Again, a huge amount is not necessary here and if the trader sets the targets right then this must be a good strategy to earn decent profits.

I agree to you buddy OP gives only example its up to you how much money do you want to risk, its look like a good strategy for me since you have a two account one for short and the others for long, I dont try the 100x lev. on bitmex I only stick to cross trade will try later after withdrawing my fund from other exchabge site.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

All those who are saying it is risky to invest such huge amounts, OP has just given an example and a much lower can also be used to test this strategy.
Also, OP, I think this strategy would be much useful in day trading where a trader sets the target for a day and if he losses then he could reinvest the next day with double capital amount.
Again, a huge amount is not necessary here and if the trader sets the targets right then this must be a good strategy to earn decent profits.

Ucy

sr. member

Activity: 2576

Merit: 401

Dear op, you should have told us if this worked for you or not. Why didn't you make that one clear?
Hope you aren't expecting people to try out the strange strategy, then their reactions here will help you determine whether it will work or not.

BITHUG

newbie

Activity: 28

Merit: 0

Bitmex is a trading platform where the price you see are just contracts. It moves up and down according to the market price of bitcoin. when you buy you will make money when bitcoin goes up also when you sell you will make money when bitcoin goes down. Kindly go through some educational videos about trading in you-tube before trading.

Thanks for the reply.

BITHUG

newbie

Activity: 28

Merit: 0

At last i got one person who understands my concept. One has to be discipline not greedy. Look, what happened now the price crossed 5400 and came back to 5200.

Thanks for the reply.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

So we set 1 order for long, 1 order for short. No matter where the prices move, we still make a profit. I think it could work for the market that still unpredictable and with that 2 orders, we don't have to worried if we are lost. But one of the 2 orders will get lose because when the price moves higher, the other orders will be got a lose, and we need to close it right away so we can prevent from getting a big loss. Hm, I think that should be a solution for people who want to try with leveraged trading in Bitmex. But this will have a chance for people to be greedy because when they see the increase of the price, they don't close it when the target price has reached, and they can let it open for a long time.

BITHUG

newbie

Activity: 28

Merit: 0

1 btc is just an example, you can start with 1 USD in bitmex. Plan according to your total capital. Make reserves for 4-5 entries. Because price will move sideways for long time.

Thanks for the reply.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Did I understand you correctly by saying that you don't need a big bankroll to play this strategy but that you have started your example with a 1 BTC bankroll? I'm a gambler so I know these type of tactics work for a while but eventually variance catches you in the butt. I know, been there myself so many times. Isn't variance in crypto even bigger though and don't you get caught out even faster?

BITHUG

newbie

Activity: 28

Merit: 0

If the price goes upward in direction then the long account will met the target price and the short account got liquidated early. Kindly go through my live paper trading that just completed successfully.

Thanks for the reply.

bitgolden

legendary

Activity: 2842

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Deep inside of you, you know too that you’re not practicing this, is this gambling or what? Is it not the direction your analysis tends to advise you that you go? Whatever analysis you are using in trading, it is absolutely impossible to tell you to do both ways at the same time.

It is so glaring to me that all your doing is to use emotion to trade and not strategy, because I do not see this as strategy, what if the price goes upward direction, and never goes down again, do you know how much you will so much loose leveraging at 100x? I see this as just a waste of time and energy mate. Sorry, I am not interested.

Topic: Check Out my Bitcoin Hugging Strategy!!! (Read 546 times)