Bitmex strategy

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Bitmex strategy Anonymous Mon May 6 15:19:15 2019 No.13540035 [Reply] [Original]

I got this strategy from some bitmex fag

> say BTC is 5200.

> Open limit long for 5200, open limit short for 5200.5.
> IF long gets filled: set limit close 5200.5.
> -if 5200.5 close fills, previous short also fills.
> -set limit close 5200. Open limit long 5200.
> IF short gets filled: set limit close 5200.
> -if 5200 close hits, previous long is filled.
> -set limit close 5200.5. Open limit short 5200.5

> Do this up and down the orderbook as needed.
> repeat.

Is this strategy profitable? Please explain if yes or no how is it or is it not profitable

>>	Anonymous Mon May 6 15:20:24 2019 No.13540044 >>13540035 ok, take out a massive loan and do it

>>	Anonymous Mon May 6 15:21:30 2019 No.13540057 >>13540044 I have $300K cash ready for action don’t need any loan. You didn’t answer my question, is it profitable or not?

>>	Anonymous Mon May 6 15:27:03 2019 No.13540109 frens I need clarification

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