>start with $100 >1% gain on 100x trade is 2x, so now you have $200 >do it again, $400 >$800 >$1600 >$3200 >$6400 >$12800 >$25600 >$51200 >$102400 >$204800 >$409600 >$819200 >$1638400
You are now a millionaire. Of course, you will likely make more than 1% every trade, so it will not take so long. At 2% per trade it will only take 9 trades to reach two million. Take very safe and high probability, *reactive* trades. This is key. Reacting to the market leaves little room for liquidations. Proactive trading is too noisy for this strategy. If you get liquidated, you start again.
Yes. I failed a few times but eventually I reached $12800 before cashing out because I had to focus on University and frankly did not want to risk any more. When I am done with finals I will run the gauntlet again.
Hunter Kelly
i'm already at >200k. if you think you'll still make 1% per trade with that amount, you'll have a lot to learn. because you'll only use like 1-3% of your whole stack per trade. that mean you'd have to make 50-100% gains per trade to gain 1% in total. >Of course, you will likely make more than 1% every trade, so it will not take so long it's the exact opposite, it'll take so much longer than you can imagine
Jonathan Wright
So how exactly do you do these 100x trades you fucking retard?
Angel Davis
>He thinks 100 1% trades will double his stack Not going to make it.
Elijah Torres
To be fair it will double your stack, but you only need 70 trades to do that. Next, try learning about slippage. Next, try placing a half mil bet on a trade that you only need a 1% gain from, and then watch it go 10% south. It'll make your butt pucker.
Jackson Robinson
I do recommend cashing several times before going for the Golden Gauntlet run. In fact, that is what I will call it. Think of it this way: When you get liquidated you essentially lose $100, and when you cash out, say, $6400, you now have 64 more Gauntlet tickets.
>I'm already at >200k. if you think you'll still make 1% per trade with that amount... It only becomes difficult over 500k. You are looking to buy into strength, and with strength comes enough liquidity to fill and close your position. >it's the exact opposite, it'll take so much longer than you can imagine You are doing it wrong.
Ask me nicely, newfriend, and I might tell you.
What is it like to have the IQ of the temperature of my lukewarm cup of tea? I have always wondered.
>When you get liquidated you essentially lose $100, and when you cash out, say, $6400, you now have 64 more Gauntlet tickets. Hope your exchange doesn't do KYC or you live in a country that won't charge you tax on trades, otherwise it's more like ~40 more gauntlet tickets
>Next, try placing a half mil bet on a trade that you only need a 1% gain from, and then watch it go 10% south. >It'll make your butt pucker. They are only numbers.
Good thing I am not a burger.
bitmex.com/register/RMOmxt Make an account, deposit $100 worth of BTC, slide the leverage slider all the way to 100x and buy/sell $10000 contracts. Then do the same with $200. I recommend you start with a testnet account if you are unfamiliar with margin trading. You do not use real money on a testnet account so you can get to grips with how everything works.
Why does bitmex let you leverage yourself 100x if you only deposit $100? What do they do when people make non high-probability wagers and get liquidated
Blake Richardson
1% drop and you lose it all
Brandon Green
If you get liquidated but the house can't get your initial bet back due to the order book imploding, what happens ? Like, you bet 100$ but after burning your position it only get back 95$, what happens ?
Landon Davis
Educate yourself on how margin trading and liquidations work.
There's no ID needed on bitmex so you just need a burner email ? How long does it takes to take out your BTC, normal network time or is there an additionnal artificial delay ?
It's not answering the question too, would a van comes after me to break my legs until i cough up the 5$ in that hypothetical scenario, or the house eat the difference without doing anything since it won't go after 5$ ? What about the house need to eat a loss of 50k$ ?
Evan Sanders
How do I recognize trends and what coins will go up?
Zachary Brooks
>babies first market >"You are looking to buy into strength, and with strength comes enough liquidity to fill and close your position" >"You are doing it wrong" you have no fucking clue what you're talking about and how fucking retarded you sound. it doesn't become "difficult" because of the lack of liquidity but because you don't risk more than 1-3% of your stack in a single trade you absolute imbecile
Eli Parker
If you can predict the outcome with 70% accuracy (which is unrealisticly high) you still have less than 1% chance of actually succeeding
Alexander Diaz
LOL
yeah sure youre going to 100x tradeyour 800k or even 10k if you even get there. remember, fortnitekids, that you can win but you can also loose. i bet you dont have the balls to even go 100x with 800 bucks.
thats just pure gambling. be a crypto INVESTOR not a fucking gambler.
Gabriel Parker
bumping because this thread is the only way a lot of us poorfags can make it
Nicholas Foster
this..... hiihgly leveraged margin trading is the only way to get to whale status as a late adopter. The run up to 2021 is going to be epic and even if you start with $200 you can still make it
Christian Cook
>go to casino >start with $100 >all on black, just win and you will get $200 :^) >do it again, $400 >$800 >$1600 >$3200 >$6400 >$12800 >$25600 >$51200 >$102400 >$204800 >$409600 >$819200 >$1638400
ask me nicely for my epic strategy and I will make all of you rich :^)
Xavier Wood
Great, now flip a consecutively and see if you can gets the result 14 times in a row.
Connor Cruz
sounds a little like this place to me. If you actually go here with a layout and design strat you can actually make money
Bitmex has no way to come after you, don't worry about it.
You are doing it wrong. You do not understand the method despite it being laid out to you plainly. Learn to read. >it doesn't become "difficult" because of the lack of liquidity Aha, and you call me an imbecile. Very cute.
Have fun with it. You can cash out after three of four trades if you are not confident to go all the way. Statistics are on your side. Consider this a Martingale without exponential losses and with the odds in your favour, especially early on. 70% accuracy is not very impressive. Most traders including myself have much higher win rates; what holds most traders back is bad position and risk management.
Lol poorfags talking turning 100$ fo milion on margin..
Spring is back boys!!
For op sub 80 iq imbecil:
1% up is win 1% down is liquidation
You need 100 wins
Thats winning 100 coinflips
If you think you have 5% edge on 1% up/down moves you are imbecil let alone 100% edge
Save yourself 100$ and get the fuck out
Camden Johnson
You call accuse me of having sub 80 IQ yet you cannot do basic math. I find arrogant morons like you are very interesting.
Joshua Turner
Fuck I missed hes talking about 'very safe' trades and 'reacting to market' on 100x levrage :)))
Chase Price
>crypto >investor
Lmao. Biggest oxymoron of all time. The second you buy your first shit coin (all of them) you are gambling
Camden Foster
I just did BASIC math you broke ass incel
Go flipo coin 100 times
Come back when you win all 100
Ok now get the fuck out
Alexander Ross
i understood your method, that's why i said "babies first market" and told you that you have no clue what you're talking about. that method is what 20 year old zoomers come up with before they get liquidated. pic related is you
something with borrowing money and no accountability seems too good to be true for me.
Landon Sanchez
...
Aiden Russell
jesus biz is full of 3rd world subhuman pajeets who dont even know what margin trading is or what OP is trying to say the ones comparing it to a coinflip or a roulette roll are the ultimate retards >"hurrrrrr watching the market pump for no reason +5% and then putting a x100 short is the same as flipping a coin!" i have no words to describe how retarded you shitskins are good luck op, it is possible and more likely the more you get used to indicators but in your place i wouldnt immediately blow all your gains on a single trade assuming you start with $1000 capital try catching 10 $100 trades, okly after you reached your new plateau double your "bets" to $200 until you reach $4000 eventually downgrade back to $100 in the event of an unlucky 5 streak loss
Julian Peterson
what about fees. Like if you hit 1% profit and double up, are you market or limiting selling?
Jordan Morgan
fees depend on exchange, some obviously jew the fuck out of you, some dont even take 1% of your trades basically, cashing out after a 1.01% price move will cover all your fees the point is, as a complete trading noob you are no different than the gambling addicts doing martingale strategy the actual thing that makea you win money is your own ability to decide on a good entry point, i.e. placing a short after a +5% pump out of thin air at this point the probability of you getting liquidated by another 5% pump is a lot smaller than the price actually dumping, so over time you will win more often than you lose as OP said, try bitmex without real cash to get a feeling for it
Noah Johnson
lmao leverage got capped to 1:30 in europoor, what's the point in even trying to trade forex with that shit leverage
Jordan Wood
thanks, it actually does sound like an okay strategy.
Gavin Ramirez
>102400
You cant go bigger than 10M on a position on bitmex.
Retard.
Lucas Powell
You are held accountable, that is precisely what a liquidation is.
I have become used to it. All I can do is laugh at this point. This thread made me realise that there is no point in trying to justify anything on Jow Forums. I get money and people get mad. I'm currently running some math on a spreadsheet to optimise my strategy. It will commence in a month. >martingale As I said, I consider this to be the superior Martingale, where losses are not exponential, since you essentially only ever lose your initial $100, and the odds are in your favour to the extent of your trading skill.
Hm. If this is true then I shall complete the gauntlet with a 10% trade on a $10M position.
op, you have got my attention and i genuinely would like to give this a shot.
how would you even go about this? what would even look for to optimize those 1% trades? how do you even minimize risk of liquidation successfully?
Charles Clark
You forgot to factor in taxes
Cooper Rodriguez
Can you go into reactive trades a bit more OP? Also, I’m a burger can I just log onto Bitmex from a regular browser?
Logan Barnes
1% up or down on btc is literally coinflip lol you can't fucking have indicators and systems in place that gives you edge or fucking everyone would make money with bots lol
Every fucking real trader out there (not much in crypto I guess) knows longer time frames=stronger indicators. 1% on 100x = >1 min candles ffs
You are just another poor fuck as op
And than after all that there is issues of fees, slippage, dunking in strenght over 50k longs/shorts
I get money and people get mad
Dude challenged you to show 10 100x trades in row successful and he gives you 1 btc you bailed lol
Every few weeks some dude comes around thinking he has cracked the system. Always entertaining.
Jack James
>what holds most traders back is risk management
I THINK I LOVE YOU
Matthew Hernandez
Not op but i use 4$ stops.
Tyler Anderson
What do you mean user? Even if your 100 bucks becomes a big number, if you lose it all then you only really lost 100 bucks. Right? Because that's what you put down initially.
Grayson Mitchell
>what would even look for to optimize those 1% trades? Take a trade when you are sure that it will go in your favour. When an ascending triangle breaks up go long with a market execute into strength or short afterwards, for example. False breakouts happen but they are infrequent, and there is always a pullback after a pump. This way you are sure that it will most likely go one way. As for timing, look for divs, volume confirmation, stuff like that. This is basic stuff that you can read up online. It is mostly down to experience. If you are as clueless as you sound you should start with the testnet.
I don't live in burgerland. Also: >paying taxes
There is not much to it. A reactive trade is shorting the peak of the break out. A proactive trade is entering the position anticipating the breakout. Reactive trades are shorter term and tend to be very decisive and are ideal for 1-3% trades, whereas anticipating an ascending triangle breakout can be noisy and indecisive beyond the 1% that will liquidate you. As for accessing bitmex as a burger, I don't know. Try a VPN.
Ignorance and arrogance, my favourite combination. Thank you for keeping me entertained on this very long and boring day.
Every few threads falsely self-assured morons come around to express their idiocy. You never fail to amuse me.
user here is a bit special, please be patient with him.
He wants to leverage x100 with a 100$ initial deposit targeting 1% gain each trade.
Easton Green
No you can't go bigger than $10MM per ORDER, fucking retard. Position size is limitless, but after so many contracts, i.e, $10MM+, you need to start pushing more margin. So if you want a position size bigger than $10MM at 100x, you'll have to put as high as 5% margin requirement, rather than 1%. Now fuck off peasant.
Camden James
Are fucking stupid? Isolated margin means you will only lose what you put into the position. Fucking retard
Care to teach a newfag some pointers? Any credible materials, YouTube channels, or books you'd recommend for such flipping of money?
I wanna have hope theres room for poorfags such as myself just getting into it.
Kayden Gonzalez
No but you are We are talking about improbable case of runing 100 to 500k losing 500k and saying loss is not exponential as win since you started from 100 you only lost 100 lol
Ethan Stewart
Get the fuck out lol save your 200$
80% people here dont know what margin trading is 18 % who do thinks you can escalate 100 to mil on 100% margin
Biz 2019 is full of newfags....
Jack James
Research: >chart patterns >divergences >support/resistance levels >moving averages >significance of volume >candlestick formations >short term/long term trends
I learned a lot from Philakone in 2017. Here is his course and other useful videos. mega.nz/#F!X2wVCBrD!qM7oCdszuQGZpBGM_p1VZQ!7rI0VAhC They are long and boring and he is very annoying and condescending but he is a very good reactive trader. His live trades are most useful. Feel free to ignore his Elliott Wave stuff since it is unnecessary. youtube.com/channel/UC587BAG9cLTYtJ7Q4CqcOnw This guy is good for long term trend analysis. You can use the Ichimoku Cloud if you want but it is useless for this strategy. Though in general you want to be aware of the trend and not trade against it. That's it. Everything else I learned from experience and sporadic reading online. The points of research are most important.
Yeah here is some advice: Playing with leverage is the fastest way to lose all of your money extremely quickly. You're actually retarded if you think you can turn 100 bucks into a million through margin trading.
Kayden Clark
Screencapped, thanks. Just look for ways to get on my feet with this stuff. I'm a Newb but still would never play with what I'm not willing to lose. 100$ for example really isn't the end of the world
Adam Rogers
>what holds most traders back is risk management Kek.
William Jones
>what holds most traders back is risk management
risk management and psychology play zero role
btw best japanese stack traders reach unlimited money on average in 4-5 years, then becomes too large size to trade but so op is funnily right slightly
So I've been trying it out, this is doable at 50x. 100x however is WAAAAY too tight a margin. This shit hops down or up more than that margin in an instant, regularly. And once it does BAM, liquidation.
You have enough leeway with 50 to get in and out and set stop losses without decimating your money. And you make a decent amount with 50 as well.
