People who profitably trade with margin , how many times a day do you trade in general...

People who profitably trade with margin , how many times a day do you trade in general ? Would you rather scalp 3-6 times a day or ride a position for a day or more ?

Attached: bitmex-logo-alt.png (1263x205, 4K)

that's a scam site, you'll lose all your money. Take my advice or get rekt

my experience is that is better holding position for days or weeks rather than trade daily the problem with daily trading is that i mostly get emotional after some time

can confirm, lost all my money. did months of research, tried a paid group, tried following other traders who claimed success

putting money on bitmex was the worst decision of my life

go longer period of time with lower margin. Or better do not trade at all.

Many scalps per day, I find btc too unpredictable to trade longer term than that. I have almost no tolerance for losses and close them. I had to move from bitmex to deribit because mex became too scammy with their system overload and suspicious downtimes. It's near impossible to scalp on bitmex now.

On average I use between 5x - 10x leverage, I only use cross, never isolated.

>deribit
Any other sites you can recommend that do at least 10x leverage. inb4 dyor

can I trade there like on an actual bitcoin exchange or bitmex? I don't understand futures and options and bitmex is like trading actual bitcoins.

Yes.
You simply pay an interest (small) for what you "borrow", that's it

but it is a more complicated market, some people call it scam because if you leverage you can lose it all, just don't leverage or leverage it only 2x if you don't want to lose anything ever

Only other one I can think of is okex, I found okex was too buggy and not suited for short term scalps. Deribit is just like mex but with 50x max leverage and no isolated margin but also lacks the terrible system overload issues.

>can I trade there like on an actual bitcoin exchange or bitmex? I don't understand futures and options and bitmex is like trading actual bitcoins.
You can just trade them as if they were a BTC/USD pair but you must remember your margin is in BTC. By default you are long BTC 1x without any position, if you have 1 BTC margin and buy 1 BTC worth of futures so you are now 2x long on BTC, if it drops 50% you lose everything, every $1 it goes up you gain $2. The inverse applies, if you sell 1 BTC of futures it's the same as being in USDT or cash, the value of your account in USD won't change but you will have more or less BTC depending on the price.

Generally you can just buy 1x your account to long and short 2x your account for shorting if you just want to play it safe and trade it as if it were BTC/USD.

yep, nothing can predict those massive green and red dildos. shit is a scam.

evolve.markets has 50X leverage on BTC and a couple of the main alts like ETH,LTC, BCH, and XMR.

You realize that bitmex is trading futures and not real BTC?

Yes, that's why I've written "an actual bitcoin exchange OR bitmex". However, the perpetual contracts have no expiry date, that's different to deribit.

Thanks, but I think I was a bit unclear with my question. You have those futures on deribit. How does the price behave for those? I'd like to use my trading strategy for trading btc (or the perpetual contracts, they behave the same) and therefore I'd like to have something that follows the btcusd price. Do futures behave like this?

Also, the volume on deribit seems a bit low.

Ignore the poorfag brainlets in this thread. I trade anything from twice a day to once a week.

>Thanks, but I think I was a bit unclear with my question. You have those futures on deribit. How does the price behave for those? I'd like to use my trading strategy for trading btc (or the perpetual contracts, they behave the same) and therefore I'd like to have something that follows the btcusd price. Do futures behave like this?
They don't follow it as closely as bitmex perpetual swap, in practice it just slowly develops a premium or discount but short term movements are the same as the BTC price, arb bots won't allow it to deviate much. It's harder to say which is easier to manipulate, you can do a huge dump on gdax or bitstamp and liquidate bitmex perpetual swap traders, it would probably cost more to dump deribit futures than those when volume is thin. When the contract expires it settles at the BTC spot price, so generally the further away it is from that date the more it drifts. The bitmex perpetual swap doesn't actually work either, I have seen it remain $300 away from spot price for days on end.

That doesn't sound too bad actually, I set my entries and exits specifically for the exchange I'm trading on anyway, so a premium is no problem as long as the short term movements are similar.

but deribit has shit liquidity?
dont you get wrecked when the price doesn't actually follow other exchanges?

I made 5 trades daily in bmex, 50x, rate win %98

Stay poor assholes

The more I've gotten accustomed to trading the less I find myself trade. Now I try and identify medium-term trends and just ride those instead of trying to scalp every little trade, because more often than not you end up missing the bigger picture and find yourself out of position when the big move finally comes.

I have found there's bots always lurking ready to absorb large orders, as long as they get their $10 to $40 profit or so they will tear through millions of dollars worth. Mark price adjusts slowly so running stops and liqs is not practical. You could do it with millions worth of BTC but chances of making a profit are slim.

nice! tell me more about your bitmex experience

So you make bank off those small $30 pumps/dumps I'm guessing. How profitable is this? Whats your all time ROE?

depends on market conditions and funding desu