Quote from: N0sferatu on August 01, 2019, 11:41:20 AM

Good thing you already have some experience in trading before starting with Bitmex! Cool

1) x5 is more than enough at the beginning. You may even start with x2 or x3 to get a feeling for this (highly recommended). A x10 leverage will wipe your balance away in minutes, especially with tight stop-losses (think again if you want to do this as spikes are usually bigger on bitmex).

2) None. The time frame is too short for any indicator. Look for candlestick patterns instead and use RSI & moving averages on a daily time frame.

3) I don't really get that question. Huh

To my personal experience, setting a goal for a week/ month or so isn't advisable. It will make you feel uncomfortable in some situations. But, it is definitely possible to grow your balance exponentially.

4) The most realistic to say is: "90% of traders lose money." See point 3 instead. Wink

If you're able to make recurring profits, you're ahead already.

Thanks! yeah well. I heard a lot that setting specific money goals is bad, guess I'll have to deal with it, I am happy if my balance will grow faster than a bank deposit interest after all Cheesy