Wtf bitmex

I opened a position with 50x lev, made 0.005 profit. after realizing, i have less money than when i started, wtf

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Thanks for playing

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Fees, goyim.

This

not trading fees, funding cycles (shorts pay longs 0.1% every 8 hrs or vice versa dependant on demand)

so all the trollbox "swingtraders" are larpers right?? how much does it need to move to actually profit?
it wasnt funding

More than $10 retard

Bitmex is a fucking scam site. The fact that you have to wait forever to withdrawal because they only send out BTC once a day should be a huge red flag that the site is shady as fuck

>reading the trollbox
the absolute state

Did you use market orders? They cost you a lot.

market cost
limit pay
top tip for u

>REKT by fees
BitMex has very high fees

what is the difference betwen market and limit order?

shady because they actually take steps to secure your funds? jesus this guy

The absolute ABSOLUTE state ‚traders‘

market orders are takers. So you fill limit orders in the orderbook. With a limit order someone has to hit your order to be filled. So its basically taker/maker

im new

if you take 50x leverage, you obviously pay also 50x the fees. just try not to get liquidated, that's where they truly fuck you over. srs

>im new
>already trading 50x on bitmex
you are in for a surprise

You need a 15% ROE to make even on a 50x leverage position, considering all the fees. Using 100% leverage, that goes to 30%.

>50x lev
im not op, do you have reading comprehension probems?

How about don’t market buy like a fucking noob?