Bitmex Trading from 0.30 XBT to 10 XBT

BabyBull

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Hello there, welcome to this journey thread. I'm not really a writer so I will just go straight to the point. I recently started with trading cryptos and signed up on bitmex because they have pretty high liquidity and leverage.

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INTRO

I'm going to leverage trade btc mainly and try to turn my 0.30 into 10 xbt. I will be both shorting and longing at 25x leverage which is very risky. You need to watch charts like hawk. Once I hit 0.50 balance I will switch to 10x but for time being I will be trading at 25x. Do note at any point I don't trade more than half of my total balance and always ladder buy to even out my entry price in case market goes against my expectations.

I deposited 0.30 xbt in bitmex on 9th April. Here is where it currently stands:

i.imgur.com/xpwe54k.png

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SETUP

I am using tradingview for charts. Planning to use and learn elliott wave, support and resistance, chart patterns and candlesticks as well as diversions.

Candlestick patterns:
i.imgur.com/4JlG6ji.jpg

Reversal Patterns:
i.imgur.com/pZVGRJi.jpg

Divergence
i.imgur.com/VG1ijBR.jpg

There are more chart patterns and for elliott wave you can watch either watch on youtube or read AJ Frost's Elliott Wave Principal.

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I will go into more details later as journey progresses. I am absolute beginner at this and going to learn my way to the top. I am still reading more on risk management and thats main area where I am lacking.

Thanks for reading.
 

charles666

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lmao, the thread topic should be "How i got rekt investing in cryptos in bear times"
 
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