/biz/ - Business & Finance

[Anonymous No.11065705]

I tried to long roughly 0.2 BTC with 25x leverage on BitMex from 6400 and closed at 6480
According to calculator, I would have a profit of 0.0547, but my BTC amount is almost unchanged from before the long as if the leverage did nothing

What did I do wrong?

[Anonymous No.11065728]

>>11065705

Did you market buy or sell? Because if you did the fees are higher and will reduce your ROE.

[Anonymous No.11065731]

>what are fees

u got arthur'd

[Anonymous No.11065819]

>>11065731
>>11065728
the fees are that high???!

[Anonymous No.11065905]

>>11065819

Yes,

https://www.bitmex.com/app/fees

Just always set goals for profits on every trade you enter.
Trying to time the market and market selling is pretty is pretty stupid.

[Anonymous No.11065968]

>>11065905
>>11065705
GG OP

The superior race wins again

[Anonymous No.11065998]

>>11065728
That's pretty retarded, but I had most of my long closed through a stopploss. Does that have high fees too?
>>11065905
I followed a long signal from a very reliable trader I know. I got in a little late but had I sold at 6500 I could have made some decent profit

[Anonymous No.11066031]

anybody want to buy my ETH long at 179?

Sell it to you for $3,000

[Anonymous No.11066069]

>>11065998

A stop-loss is a market sell, and if many stop-losses trigger at once (hundreds to thousands do), you may market sell anywhere 1-50 points below your stop loss depending on volatility and liquidation of other positions (they have priority before any stop-losses) So, trail them, you can 10 open for each pos. It sucks, but it is pretty straight forwarded if you understand it. Open an account on Deribit as well if you want to avoid it.

[Anonymous No.11066077]

Ty for youre donation pleb

[Anonymous No.11066104]

>>11066069
So I should just limit sell instead then to avoid ridiculous fees?

[Anonymous No.11066140]

>>11065728
what the fuck does this mean for fucks sake

PLEASE EXPLAIN ANYONE

what does it mean to market buy or sell ?

I saw videos how to buy a long or short contract

but what does it mean to buy market or sell

>>11065728
>>11065728

guys at my job make fun of me for not understanding

thank you

[Anonymous No.11066147]

>>11066031
What’s your ROE now?

[Anonymous No.11066177]

>>11066140
>you click green or red

>you click 1x or 100x

>then you buy contract

done

when you see profit close the order

make $$$$$

done again


………...why the fuck do you complicate …….why do you guys use terms MARKET BUY OR SELL...….seriously what gives...…...could you please explain how I can avoid fees

[Anonymous No.11066183]

>>11066147

[Anonymous No.11066193]

>>11066140
It means you go down to the market, and buy or sell there.

[Anonymous No.11066205]

don't use market orders
use limits you literally get paid fees instead of paying them

[Anonymous No.11066227]

>>11066140
Dude, you really should not be investing or even gambling on crypto if you don't know the difference between market orders and limit orders.

[Anonymous No.11066236]

>>11066140

When you want to buy or sell Bitcoin. Put the order on the order book and let the orders come to you. This is a spot order. If you instead buy or sell Bitcoin to the orderbook or market you execute a market sell.

Market sell takes: Maker fee -0.0750%
Spot order takes: Taker Fee - 0.0250%

Every 8 hours a fee to longs and shorts are applied too:

https://www.bitmex.com/app/fundingHistory

[Anonymous No.11066238]

>>11066205
fuck this nigger CEO

[Anonymous No.11066240]

when you use a nigger service expect nigger service

[Anonymous No.11066251]

>>11066104
if you use limit orders you get paid fees.
taker fees are -0.05%
maker fees are +0.025%
also how many contracts did you use?

[Anonymous No.11066254]

>>11066238
>>11066240

stop being retarded, if you are not half a brainlet you can steal money from NPCs. I fucking kid you not. Use Deribit or other exchanges as well.

[Anonymous No.11066265]

>>11066140
Wew it’s STILL a bubble

[Anonymous No.11066286]

>>11066251
>also how many contracts did you use?
1175

[Anonymous No.11066332]

>>11066254
you lost me at steal money. see im not a nigger or shitskin, I actually find helping people rewarding.

[Anonymous No.11066345]

>>11066286
not sure what calculator you're using but you fucked up kek
if you want to use 25x 1175 then you need to use 29,375 contracts

[Anonymous No.11066352]

>>11066332

You profit of the exact same market dynamics one way or another. The volume of sells has to be absorbed, for every seller, there literally has to be a buyer. Be that buyer consistently enough, and sell at a profit, and you win the game. Easy.

[Anonymous No.11066388]

>>11066345
are you shitting me? Have I completely misunderstood margin trading then? As in, I need to choose 1175*25 constracts, then select 25x margin for it to work?

[Anonymous No.11066429]

thanks everyone

im still confused with 3 options

all I know is idex and buying/selling

not sure how this stop loss or limit buying works

>pic related

ty

[Anonymous No.11066431]

>>11066388
dont worry fren, it happens to almost everyone.
the leverage only changes how much margin you use
so if you have $100 for example -
100x leverage on a 100 contract position uses $1 of your margin, while 1x leverage uses all $100
you can change leverage any time, so just start with only what you need imo, and stay below 5x if you want to survive.

[Anonymous No.11066436]

>>11066140
Sorry but why the FUCK do you use Bitmex not knowing this shit...? Do you hate money unironically ?

[Anonymous No.11066438]

Anon, I.....

If you want to lend 25x, you actually need to lend 25x to have a margin position necessary to cover 25x. . .

[Anonymous No.11066471]

>>11066429
Limit is to put an order at an arbitrary price. Disadvantage is when a barting happens, your orders will be quite hopeless at getting filled
Market buys/sells the next contract possible after last order. Disadvantage is higher fee apparently and you cannot use it to wait for the price to get lower
Stop Limit is almost like Limit except it activates whenever the last price has reached a specific preset limit that you made in order to prevent getting liquidated while you're gone from your account, eg you buy at 6400, then set stop limit to activate a sell at 6370. Not much disadvantages
>redditspacing

[Anonymous No.11066485]

>>11066429

[Anonymous No.11066534]

>>11066431
I feel absolutely retarded now. I thought that leverage meant that you "borrowed" BTC at buy price, then you are granted the profits you made from the 25x additional BTC after selling. That's what I was told by a friend when I got into margin trading
So it really is just that eg. 25x etc uses a smaller part of your balance instead of whole. Well that kinda sucks. How do you even earn from that? Why not just do 1x all the time?

[Anonymous No.11066575]

>>11066429

limit is the very standard version of placing your order on the order book (seller / spot-order). The market order is where you just blindly sell into the book (taker / market-order).And depending of the size, it may slip down to several orders down below. Market sells are more expensive than spot orders. Its the same on every exchange. They do look different, but the functions are always the same, no secret either...

A stop order, is a risk management order, which you place to panic sell your position either at very tiny profit, absolute break even (all calculated above fees) immediately when a certain priced is reached. You use it to set goals on the loss or profit you are willing to take on a position. it is normal to swim in 5-15% loss if you anticipate there will be another pump on another day. You are really only seeing a loss of 1%, but you are 5-15x (!!). Sometimes 20%-25 is ok. But kek, better be sure.

You cannot time the market. If it goes lower you have the stop-loss. But still buy back lower, unless it is absolutely dumping and hits your stop loss all the time or gets liquidated. Then you may need to rethink things... On Bitmex, due to slippage and queues, preferably place your stop-loss 80-100+ points about your liq. The higher the better.

[Anonymous No.11066622]

>>11066534
25x uses less of your balance as margin, so you can buy 25x more than your balance.
you just have to actually buy 25x your balance in contracts, it doesn't just happen.
so for my $100 balance example,
if you used 25x you would be able to buy 2500 contracts, and it would use your entire balance as margin.
if you used 1x you would only be able to buy 100 contracts.

[Anonymous No.11066672]

>>11066575
im reading


ty

[Anonymous No.11066695]

>>11066575
please correct me


using stop limit is wise

[Anonymous No.11066775]

>>11066695

yes, and it is not a bad thing. You now have less money, but you have a chance to buy the asset again but cheaper. But if the loss fell below your margin position, you will need more (increase margin position). By doing this your Risk VS Reward ratio becomes smaller and you need to be sure the expected profit will earn it back. Basically: Buy low, Sell High. Calculated.

https://www.investopedia.com/terms/r/riskrewardratio.asp

[Anonymous No.11066819]

>>11066622
aaaaaaaah I see now. So if I just long with 20k+ contracts I will or so I will actually get the desired results
Sorry for being of this low practical IQ lmao

[Anonymous No.11067046]

>>11066819
great, now for the sake of everything that is holy to you, always calculate your leverage position and stop limit (stop-loss) value in a way that when you loose one trade, you loose max 2% of your real total trading capital. and if you win, you gain at least 1.75-2x of the percentage you are risking. otherwise you are destined to >pic related
Also never use liquidation price as substitute for stop loss order. always set your stop loss at least few dollars away from your liq price - liquidation event costs you extra hidden fees!

[Anonymous No.11067051]

>>11066819
yea you got er now!
don't worry anon i was pretty confused by it at first too

[Anonymous No.11067232]

sort of understand


I start by transferring from binance to bitmex using vpn

if I start with $100 on bitmex account and I long btc at 6500 x100 leverage thats 10,000 contracts


ill estimate my liquidation is high risk lets say $6450.00 ?


how and why do I care about anything else ?


>stop loss yes but the other 2 options ?


>market


and
> limit
thanks again for anyone helping

[Anonymous No.11067328]

>>11067232
bump

[Anonymous No.11067386]

Not OP but is it just me or are Bitmex’s stop orders rigged?

I’ve been fucked over in the past by having them filled always at the most disadvantageous end of a dildo no matter how long I’ve held that order outstanding. What gives?

[Anonymous No.11067410]

>>11065705
market buying and selling. Fees are pretty high on BitMex and leverage also increases profits and it increases fees.

[Anonymous No.11067532]

>>11067232

One is

> Limit: You offer BTC to sell
> Market: You buy BTC from others directly

>>11067386

Liquidation engine takes priority over liquidations before stop-losses, which gets sold to the orderbook before your stop-losses get executed.