Post
Topic
Board Trading Discussion
Topic OP
Boom and bust with Bitmex
by
btc_creative1
on 14/02/2020, 14:41:01 UTC
Hi there,

I'm looking for some advice, and also to share my story.

I've been trading on bitmex for around 2 years, managing to develop an edge that I used to turn 0.15 btc into around 9btc over a few weeks last summer.
I managed to spot an algo pattern that I had seen before, and knew exactly what would happen so used high leverage. This worked out until I got overconfident and the final part of the pattern was different. I used way too much leverage thinking I could make a quick million and quickly destroyed my account.

Destroyed account- https://imgur.com/YxEPTnW
Trades- https://imgur.com/MpAVw6b


How do you deal with big losses? I still believe I have a significant edge, and combined with low leverage see the potential to be successful, but don't have the capital anymore.  It is tempting to give up, but I still feel like there is potential to make a lot of money with the right risk management.

Any other stories of people building themselves back up from zero?

Cheers