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So lets say price change I estimate will be 0.20-0.25 and my goal is to make 1%-1.5% of my balance (the more the better of course but dont wanna get greedy), does this thought process work?:
~.....
3) I usually never risk slightly more than 1% of my whole account, so I'll set SL to slightly below 2% / 10 (0.20%) against my trade, which makes it a 0.75% risk in case of half account margin.
~...
I'm a little bit confused, if you are targeting to make a 1%-1.5% of your balance, so on your every trade, you are trading you all entire balance, right?~.....
3) I usually never risk slightly more than 1% of my whole account, so I'll set SL to slightly below 2% / 10 (0.20%) against my trade, which makes it a 0.75% risk in case of half account margin.
~...
If this so, as long as you have your always stop loss or you don't trade with multiple open positions at the time, it's still good and found out you do some scalping with lower time frames.
I like your risk management, it seems that you are not so greedy with every trade you do, just keep it up. My piece advice is much better if you will allocate some percentage(%) of your available balance for your every trade because what if you found some much better and smooth trade setup with other pairs? Since you already have an open position and your balance on that pair.
And about your stop loss, it is the stop market or stop limit? Just remember if you do stop-limit, it is prone to stop-slippage and when yo do stop-market, the fee is quite huge
It is stop market yes. I am scared of unreliability for stop limit.
And yes in my particular example provided in post I was talking about using 50% of balance
Thanks for great answers everyone! I have a different small question and I see no sense in opening a new thread:
So I've been trading on bitmex as I wanted past few weeks and I am having great time but I have question on choosing leverage. I usually do 3x-10x depending on situation. But I want to ask about realizing the situation. First of all I do very short timeframe scalps, like literally making 0.5%-1% profit of my balance per trade. Lets say I do technical analysis and do some price action analysis and I believe lets say.. support is going to hold, and I buy support, and I believe resistance is pretty close in short timeframe so I analyze and say to myself: In coming 20-60 minutes (which is average length of my trades and where I feel most comfortable) I will have potential to see price go up (in this case) by only... 0.20%, as an example. Yes I usually aim for more price changes before closing position, but still.
So lets say price change I estimate will be 0.20-0.25 and my goal is to make 1%-1.5% of my balance (the more the better of course but dont wanna get greedy), does this thought process work?:
1) I do analysis and I estimate in next 10-30 minutes price will change by 0.20 percent if not more. I estimate most optimal exit would be lets say 0.25% move in my favour regardless if i short or long, which is yes, very low, but this is really what I like doing, tiny scalps.
2) Now, this is part I am wondering the most about: I CHOOSE LEVERAGE DEPENDING ON MY GOAL IN RELEVANCE WITH MY PLANNED EXIT. Which will still stay roughly x5-x10 because I don't like close liquidation. So lets say I want to make 1% of my balance and lets say I have 100 dollars of XBT on my account, I put in 50 dollars margin and use x10 leverage to make it 500 contracts. now if I understand right disregarding the fees, Doesn't this mean I will make 0.20 x 10 = 2% (2 USD profit for risking 50 usd margin) excluding fees if my trade is successful?
3) I usually never risk slightly more than 1% of my whole account, so I'll set SL to slightly below 2% / 10 (0.20%) against my trade, which makes it a 0.75% risk in case of half account margin. This is very tight from my understanding so I sometimes play around and pull around the stop loss to avoid getting stopped out for brief fluctuations in price that dont usually last.
Do I have this planned out well? anything wrong with my approach? any tips and advices? Thanks!!
So I've been trading on bitmex as I wanted past few weeks and I am having great time but I have question on choosing leverage. I usually do 3x-10x depending on situation. But I want to ask about realizing the situation. First of all I do very short timeframe scalps, like literally making 0.5%-1% profit of my balance per trade. Lets say I do technical analysis and do some price action analysis and I believe lets say.. support is going to hold, and I buy support, and I believe resistance is pretty close in short timeframe so I analyze and say to myself: In coming 20-60 minutes (which is average length of my trades and where I feel most comfortable) I will have potential to see price go up (in this case) by only... 0.20%, as an example. Yes I usually aim for more price changes before closing position, but still.
So lets say price change I estimate will be 0.20-0.25 and my goal is to make 1%-1.5% of my balance (the more the better of course but dont wanna get greedy), does this thought process work?:
1) I do analysis and I estimate in next 10-30 minutes price will change by 0.20 percent if not more. I estimate most optimal exit would be lets say 0.25% move in my favour regardless if i short or long, which is yes, very low, but this is really what I like doing, tiny scalps.
2) Now, this is part I am wondering the most about: I CHOOSE LEVERAGE DEPENDING ON MY GOAL IN RELEVANCE WITH MY PLANNED EXIT. Which will still stay roughly x5-x10 because I don't like close liquidation. So lets say I want to make 1% of my balance and lets say I have 100 dollars of XBT on my account, I put in 50 dollars margin and use x10 leverage to make it 500 contracts. now if I understand right disregarding the fees, Doesn't this mean I will make 0.20 x 10 = 2% (2 USD profit for risking 50 usd margin) excluding fees if my trade is successful?
3) I usually never risk slightly more than 1% of my whole account, so I'll set SL to slightly below 2% / 10 (0.20%) against my trade, which makes it a 0.75% risk in case of half account margin. This is very tight from my understanding so I sometimes play around and pull around the stop loss to avoid getting stopped out for brief fluctuations in price that dont usually last.
Do I have this planned out well? anything wrong with my approach? any tips and advices? Thanks!!
Good thing you already have some experience in trading before starting with Bitmex! 
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.
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.
If you're able to make recurring profits, you're ahead already.
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.
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.
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
As title says. Basically I've been daytrading mostly tiny accounts for practice for past 3 years. (don't have patience for paper trading 
)
I want to start building up my portfolio/balance at bitmex, I traded on bittrex, binance and few others but I just love bitmex for some reason. So I have few main questions I want to get opinions on.
One more thing, I know all these questions depend a lot on the trader but I still want to know opinions, to explain context with me, I like very small timeframe trades (20-120 minutes per open trade) I use stop loss and trailing stop mostly pretty tightly.
1) I want to use leverage which I know is dangerous, but is x5 profitable? is it good balance of risk and reward probability? I am also considering x10, or is it too much? Take in considerating my mentioned trading style
2) What are good indicators for daytrading in 5 min charts?
3) Is it possible to compound the gains? I know traders have minus days and they just try to go in plus at average of week/month, but is it realistic to compound it monthly or so? And raise your trading budget with it?
4) What is realistic percentage or dollar/btc gains? I don't plan on opening huge account with all of my savings or something, so I hope I can raise it from trading and grow it.
Thankies
)I want to start building up my portfolio/balance at bitmex, I traded on bittrex, binance and few others but I just love bitmex for some reason. So I have few main questions I want to get opinions on.
One more thing, I know all these questions depend a lot on the trader but I still want to know opinions, to explain context with me, I like very small timeframe trades (20-120 minutes per open trade) I use stop loss and trailing stop mostly pretty tightly.
1) I want to use leverage which I know is dangerous, but is x5 profitable? is it good balance of risk and reward probability? I am also considering x10, or is it too much? Take in considerating my mentioned trading style
2) What are good indicators for daytrading in 5 min charts?
3) Is it possible to compound the gains? I know traders have minus days and they just try to go in plus at average of week/month, but is it realistic to compound it monthly or so? And raise your trading budget with it?
4) What is realistic percentage or dollar/btc gains? I don't plan on opening huge account with all of my savings or something, so I hope I can raise it from trading and grow it.
Thankies
So I am a programmer with different experiences and I'd like to partner up with someone to develop a crypto trading bot for binance or anything else.
I can do this in C# or Python, I can also make GUI/Website for it or whatever else that is needed. Maybe we can even sell it some day to other people? We'll see.
I wanted to do this on my own but I have lots of bills to pay so I want to team up with someone who would be willing to invest in development of this a bit, and we can partner up on this together and maybe even share revenue based on business model (I will accept hourly or per-milestone payment for this)
Let me know your ideas in PMs or better, Discord: Nicholas#7751
Lets do this.
I can do this in C# or Python, I can also make GUI/Website for it or whatever else that is needed. Maybe we can even sell it some day to other people? We'll see.
I wanted to do this on my own but I have lots of bills to pay so I want to team up with someone who would be willing to invest in development of this a bit, and we can partner up on this together and maybe even share revenue based on business model (I will accept hourly or per-milestone payment for this)
Let me know your ideas in PMs or better, Discord: Nicholas#7751
Lets do this.
Hi. As title says I am trying to find a discord server that'd be comfortable, I've tried different discords where I sometimes ask questions about trading etc, but I want something possibly better.
I do daytrading, used to mine alts, etc. But yeah mostly interested about trading.
Preferrably small but friendly server, if anyone would be willing to invite me.
Nicholas#7751
Thanks
I do daytrading, used to mine alts, etc. But yeah mostly interested about trading.
Preferrably small but friendly server, if anyone would be willing to invite me.
Nicholas#7751
Thanks
Re: Do you have a SIMPLE MOBILE GAME IDEA that could succeed? I can make it for you
Bump
My portfolio website is temporarily down since I am overhauling it. So here's list of some of my games:
A space exploration/crafting VR game, steam page is really outdated though: https://store.steampowered.com/app/898200/SpessVR/
Casual mobile game: https://play.google.com/store/apps/details?id=com.Powerworks.BlockFall&hl=en
Online 2d topdown shooter: https://powerworks.itch.io/vanguard-of-demise
My portfolio website is temporarily down since I am overhauling it. So here's list of some of my games:
A space exploration/crafting VR game, steam page is really outdated though: https://store.steampowered.com/app/898200/SpessVR/
Casual mobile game: https://play.google.com/store/apps/details?id=com.Powerworks.BlockFall&hl=en
Online 2d topdown shooter: https://powerworks.itch.io/vanguard-of-demise
Hi
Anybody know of a decent signature creator/artist that i can contact to create signatures for an upcoming ICO? Any help will be appreciated. Regards
Anybody know of a decent signature creator/artist that i can contact to create signatures for an upcoming ICO? Any help will be appreciated. Regards
There are quite a few of them in this section:
https://bitcointalk.org/index.php?board=52.0
გამარჯობათ.პირველ რიგში მინდა გითხრათ,რომ ძალიან გამეხარდა თანამემამულეების დანახვა ამ ფორუმზე.მაინტერესებს რომელი Exchange საიტი არის კარგი კონკრეტულად საქართველოსთვის,ზოგი არ არის ხელმისაწვდომი და ზოგს ინდეფიტიკაციის გავლა და სხვა მიზეზები კიდე.ერთი Cryptopia ვცადე,მაგრამ ძალიან დიდი საკომისიო აქვს მგონი და თქვენ რას მირჩევდით?
Bittrex ვიყენებ მე. იდენთიფიკაცია ჭირდება თუ გამოტანა გინდა და BTC საკმოსიოები კატასტროფაა აქაც ოღონდ.
Depression isn't easy thing to get out of in my opinion unlike what some others have said.
Just do something(s) you enjoy, consistently. Sometimes for me there could be nothing I enjoy at the time and that's when it gets problematic.
For me becoming more "social", joining a gym and (attempting) to get disciplined on my goals worked, in the end it always depends on the person though.
Oh yeah, professional help never improved anything for me, but that's just me.
Just do something(s) you enjoy, consistently. Sometimes for me there could be nothing I enjoy at the time and that's when it gets problematic.
For me becoming more "social", joining a gym and (attempting) to get disciplined on my goals worked, in the end it always depends on the person though.
Oh yeah, professional help never improved anything for me, but that's just me.
Re: [ANN] cudaMiner & ccMiner CUDA based mining applications [Windows/Linux/MacOSX]
I wanted to start mining Dogecoin but the CUDAminer file isn't on MEGA anymore...is there a reason why? If no then, could someone re-up it?
This.
Someone fix link please.
Do you have a SIMPLE MOBILE GAME IDEA that could succeed? I can make it for you
Hello! I am a game developer with primary experience in programming. But I can also do a lot of other things such as 3D and 2D art design at some degree.
Do you have a mobile game idea that could be successful?
What is this about?
I am offering to make a SIMPLE mobile game (Android/iOS) from your ideas and instructions, it will be written in C#, using Unity Game Engine. It can be 3D or 2D styled game, everything else is up to you.
However one limitation is that the game has to be simple, probably having single core gameplay as part of it.
I am willing to do this for a single payment once product is complete, I will take no upfront payment unless there are other costs that needs to be covered which will have to be negotiated between us two.
After completion of work and payment, I am willing to fully assist with transition of source code and all other necessary information, so it can be monetized in any way. (probably with in-game advertisements which I could set up) and then be uploaded to Play store/appstore. All I ask is having my name in credits in-game so I can use it as part of my "portfolio".
Of course I will fully showcase gameplay before the above mentioned transaction (and during development) and also provide playable versions of the game, but we can still use any escrow or anything if required.
However one limitation is that the game has to be simple, probably having single core gameplay as part of it.
I am willing to do this for a single payment once product is complete, I will take no upfront payment unless there are other costs that needs to be covered which will have to be negotiated between us two.
After completion of work and payment, I am willing to fully assist with transition of source code and all other necessary information, so it can be monetized in any way. (probably with in-game advertisements which I could set up) and then be uploaded to Play store/appstore. All I ask is having my name in credits in-game so I can use it as part of my "portfolio".
Of course I will fully showcase gameplay before the above mentioned transaction (and during development) and also provide playable versions of the game, but we can still use any escrow or anything if required.
Contact
I am eager to answer any questions or explain any further details with either a forum PM or more conveniently through instant messaging software such as Discord (my username below):
Nicholas#7751
I can also use any other kind of communication, PM me to request it.
Nicholas#7751
I can also use any other kind of communication, PM me to request it.
Terms & Additional information
* I reserve right to refuse to do projects based on their complexity, as explained above I am not willing to work on complicated projects, the game has to be as simple as possible so it can be developed with short time-frame.
* Pricing: it can heavily vary depending on how complex the game will have to be, if its something extremely simple which I hope it would be it can cost as low as 0.025BTC, but I can't give accurate pricing until we decide everything and discuss how game will be exactly.
* Time required: Again, can vary, it could be few weeks to say pretty roughly, if its something really simple then it could take even less time.
* I will update this thread with any more info if there will be something I get asked frequently for example.
* Pricing: it can heavily vary depending on how complex the game will have to be, if its something extremely simple which I hope it would be it can cost as low as 0.025BTC, but I can't give accurate pricing until we decide everything and discuss how game will be exactly.
* Time required: Again, can vary, it could be few weeks to say pretty roughly, if its something really simple then it could take even less time.
* I will update this thread with any more info if there will be something I get asked frequently for example.
Currently open!
Portfolio website: http://powerworks.ge/
Hello, I was going to buy 470s but I can't find any in stock.
Is it good idea to buy 570/580 instead? Is there still consistent problems with 6 cards at same time? I heard people were having hard time making it work but has it been fixed now? Would I risk spending a lot of time trying to make them all work or has it been easily fixed by now? Sorry for not reading whole thread.
Also, would 1200W PSU be enough for 6 470s?
Is it good idea to buy 570/580 instead? Is there still consistent problems with 6 cards at same time? I heard people were having hard time making it work but has it been fixed now? Would I risk spending a lot of time trying to make them all work or has it been easily fixed by now? Sorry for not reading whole thread.
Also, would 1200W PSU be enough for 6 470s?
Re: Few questions about setting up a rig (Buying cards, placement of rig, etc)
Damn, I feel very stupid now, I read that post wrong about ball point bearings.
Alright thanks for clearing that up. I will be hunting for good in-stock cards now, if anyone has anything good from Amazon or Newegg (preferrably amazon) feel free to link me
Alright thanks for clearing that up. I will be hunting for good in-stock cards now, if anyone has anything good from Amazon or Newegg (preferrably amazon) feel free to link me
Re: Few questions about setting up a rig (Buying cards, placement of rig, etc)
Very well thanks.
So I have done more searching and I've concluded that I found MSI Armor 470s, but google search showed me that its a ball bearing fan, how bad is it? Should I avoid this card even though its pretty much only "good" card I've found in stock? And anyone has experience with those cards?
So I have done more searching and I've concluded that I found MSI Armor 470s, but google search showed me that its a ball bearing fan, how bad is it? Should I avoid this card even though its pretty much only "good" card I've found in stock? And anyone has experience with those cards?