** Technical Questions: **
1) How many accounts can you have on bitmex? Re: Bitmex has no restrictions on the number of accounts you have, support when I asked him how I can play different positions on the same item, he suggested to simply create more accounts, but each time you need to open them from a different email.
2) Can btc transfer between your accounts? Re: Yes you can it is a normal withdrawal and payment remember that withdrawals are only posted once a day at 13 utc.
3) What is the minimum amount of funds to play for the so-called trial? Re: The smallest position you can open on bitmex on XBT is 1 contract on a leverage of 100, so you actually need $ 0.01 for this. However, there is no minimum deposit or withdrawal from Bitmex.
4) Can you have 2 opposing open positions on one asset? Re: No, you don't need a second account for this.
5) Do we need to register by entering our data to set up an account? Re: Just enter your name, surname and email, there is no major registration.
6) What is it and how to calculate funding, what value do you pay / get? Re: Funding is a fee between buyers and sellers is calculated every 8h 04.00 UTC, 12.00 UTC and 20.00 UTC. You will pay or receive it only if, at the time of its calculation, you have an open position, if funding is positive, then they pay longi to shorts, if negative, pay shorty to longs.
7) Deposits and withdrawals from bitmex - when? Re: Payments on bitmex can be made at any time of the day or night, they are automatically posted. Bitmex withdrawals are accepted manually. If you order a withdrawal by 13.00 UTC by 14.00 UTC it should be booked and sent from bitmex.
8) How to calculate the contract price? Re: 1 contract = 1 $ ... to know how much XBT is 1 contract just count 1 btc (1,000,000 satoshi) divide by the current price btc will come out how many xbt is 1 contract.
9) How to calculate the liq and entry price? Re: On bitmex you have a calculator dedicated to these calculations.
10) How to calculate the liq price after averaging? Re: In so far as you move the entry price, it will move liq depends on how much this averaging will be relative to the original position (weighted average).
11) What is cross? How to use it? Is it worth setting it? Re: Cross is nothing more than a position with a max lever (100) using all free funds as a margin to hold it. Of course, it is worth sticking to the rules of setting sl and guarding such positions, because a moment of inattention can result loss all deposit.
12) How to set sl, tpm, sm, tpl, ts correctly? Re: In stop limit and take profit limit we have to remember that Trigger price activates the order and stop price is the price at which we want to sell, i.e. playing long by setting stop limit trigger must be closer to the current btc price than stop price by setting take profit trigger must also be closer to the current price than stop price unless we use these things to secure an already profitable position when the price returns e.g. we play long from 7000 the price is 7200 we want to set sl on profit at 7100 in which case the trigger should be above 7100 and the stop price at 7100 stop market and take profit market there we only enter the number of contracts we want to sell / buy and the price at which we want to do trailling stop is moving stop limit we set only the number of contracts we want to sell / buy and at what distance (in dollars when it comes to btc) this sl should stick to the current price.
13) When do you pay the fee when automating the order and when not? Re: We always pay fee when we are takers, i.e. when we do not issue a physical order book order, we execute those which are in it, i.e. all plays using the market cause that we pay a fee
14) Is bitmex a secure platform? Re: Bitmex is an unregulated platform and is not responsible for losses arising from its errors.
15) How to close a profitable order when we do not know when it will be maximally profitable for us And we do not want to lose part of the possible profit? Re: By moving sl along with how our profit increases you can do it manually or using Trailling stop. You can also place orders closing a position with a threshold having, for example, 1000 contracts in position, you can place 5 orders for sale, 200 contracts at different price levels, after entering each subsequent one you set sl at this level so that in the event of a recurrence of the course you will always be in the plus.
16) What is the practical difference between sl and sm if we pay a fee on both? Re: Stop market at the moment of firing sells us contracts at the best possible price on the price we marked e.g. we have a long from 7000 sl we have on 6980 at the moment when the price breaks 6980 the system will start selling you contracts after orders that are currently on the market i.e. from 6980 down if you have e.g. a position weighing 1000 contracts but on 6979 there is an order for only 100 on 6978 at 200 at 6976 at 50 etc. the system will fill you all orders down until it gets rid of all the contracts you marked for closing. If you use Stop limit by setting trigger to 6985 and stop price to 6980 the system after puncturing 6985 will fill you all available orders between 6980 and 6985 and for the rest of contracts (if any) will place you an order on 6980 if there will be a large number of contracts in terms of market liquidity just put a wall there.
17) I have such a question, do you suggest, for example, how do you see btc on the group, what position do you assume? Re: So often we discuss what we play and how we see the current situation on btc but we don't teach anyone AT or we don't give any signals but we only answer the questions about what we play and why we play it this way.
18) What is the depo? Re: Deposit is how much money you have on your account.
19) What is the scalping? Re: Scalping is a specific way of investing involving the conclusion, e.g. in the forex market, of a very large number of short-term transactions (the position can be closed after only a few seconds), the goal of which is to realize very low profits with high probability.
20) Is it worth playing a long-term position on bitmex? Re: That's the only cost it pays when funding is positive for your position.
21) Fee paid green with a minus means that bitmex has paid me? Re: Yes exactly you have a negative fee (highlighted in green) or bitmex has paid you.
22) What is the limit? Re: Orders placed in limits are pending orders, physically issued to the order book awaiting execution.
23) What is the market? Re: Markets is a TAKER order, i.e. you buy / sell after offers that are listed in the order book.
24) What is stop market / limit? Re: Stop market is the automatic buying / selling of contracts after the best available offers when the price reaches the level you set stop limit is the automatic issue of an order to buy / sell contracts at a certain price when the price reaches the level specified by you in the trigger price.
25) What is the take profit market / limit? How to use the above item and in what situations? Re: Take profit market is the purchase / sale of contracts at the best possible offer from the order book when the price reaches the level you specify take profit limit is the issue of an order to buy / sell contracts at a price you specify when the price reaches the level you specify in the trigger price.
26) Which price on the chart will liquidate my position? Re: Price liquidation is the price .bxbt or index price.
27) What is the margin? Re: Margin is simply your contribution to the position.
28) What does spread mean? Re: The difference between the selling price (price) and the buying price (price) of assets (e.g. currencies, securities, commodities). In forward and financial commodity markets, spread is the difference between the spot rate and the forward rate. In a competitive market, this is the cost of a transaction without delay.
29) Why does the liq price change on bitmex, although I do nothing with the position and how big are the fluctuations? Re: Liq may change after calculating the funding, for us it is favorable or unfavorable, these are small fluctuations depending on the leverage on which position you have.
30) What happens when we select post only or reduce-only when opening a position? Re: Post only is responsible for ensuring that the system does not allow you to buy sell items from the market only by limit, in summary using this option, the system will issue an order to the order book Reduce only is an option that is used only for closing a partial or entire order by checking this option you will not be able to swing on the position.
31) The liquidation price depends to some extent on the size of the position? Re: No, no matter if you buy 100 contracts x 50 at a price of 7,000 or 1,000,000 liquidation will be at the same level.
32) How and if any orders can be placed below the liquidation price? Re: Yes, you can reduce the leverage, set up orders and return to the current in this way playing long having liquidation for example 7000 you can have 1 order on 7030 and another on 6970 or lower.
33) What are xbtusd and bxbt prices? Re: Xbtusd is the current market price on bitmex, i.e. the price at which transactions are currently carried out on bitmex .Bxbt price is the weighted average from the bitstamp and gdax exchanges. this is the bitmex index price and it activates the liquidation.
34) Is it possible to issue a limit order for long above the current price and for short below the current price? Re: Yes, you can do it using stop market and take profit market.
1) How to get out of a position, e.g. when we run a long? Re: You have several options, they all come down to the opposite order, a. by issuing a short on the part of the contracts you want to close at the price you are interested in. b. By setting a take profit or stop limit on the number of contracts you want to close at the price at which you want to do it.
2) How to move the liq level in the open position? Re: You have several ways to do this a. adding some margin to the margin (this is a non-standard reduction of leverage), b. reducing the leverage in the open position, e.g. from x50 to x 25, c. by buying subsequent contracts at the current price (assuming that this is a different price from the initial price at which he was holding the position).
3) From what (and how?) Is the percentage of profit / loss on the open position calculated? Re: On the value of your contribution to the items example; you hold a long position with a weight of 100 contracts on a leverage of 100 at a price of $ 7000 your contribution to this position is then $ 1 if the system shows you a 50% profit then it is 50% from your contribution which is in this case $ 0.5.
4) How is it better to enter the position on the whole level or place orders, e.g. every $ 20? When we set up orders, e.g. every $ 20, and we only catch one order (20% of what we want to play), do we leave these 20% of the budget or do we make a profit? Re: It all depends on your style of play, setting the whole order on level 1, you take into account that it may not happen and, for example, $ 2 is missing for you to open a position, using the order grid by rebuilding the level with them, you have a better chance that if you don't all funds are at least part of the effort. If in fact you only have part of what you wanted to spend on it, you can pyramid your profits on local hills / down while moving your sl to profit.
5) Why should I set Stop Loss before the liquidation price? Re: It is simply profitable if you already allow your position to liq and you do not intend to defend it by setting sl by 0.5 $ from the liq level you have the chance to recover up to ~ 50% of the contribution to the position. Bitmex "reserves" ~ 0.5% btc price change as their margin. This means that on leverage 100 liquidation you have not after 1% price change but after 0.5% price change btc, i.e. assuming the price of btc 7000 by opening the shortcut at x100 liq shows you around 6965 and should show at 6930 it is why bitmex would not lose of your cash, when the rate breaks our liq price and the system does not manage to sell contracts, so by setting sl to 6966 we have the opportunity to recover 50% of the deposit in the position because $ 35 price change to x 100 at the price of 7000 generates 50% loss and if we let liq we lose everything at x 50 we can recover 25% in this way on x 25 ---- 12.5% at x10 ---- 5% e.t.c.
6) Why should I make regular (e.g. weekly) withdrawals from the platform? Re: It's a matter of security, that's how you build your financial base thanks to resetting the account on bitmex by our own bad decisions, or platform errors that we all see as "overloded" or turning it off for a few / several dozen minutes during large market movements, or robbing or simply disappearing it (remember with bitmex does not bear any responsibility for the loss of client funds as a result of platform errors etc. etc.) then it is not strongly felt for us and builds a kind of mental comfort.
7) What's the deal with all position planning? Re: When taking a position, you need to know what prompted you to take it, you also need to know what plan you have for it, when to defend it averaging to when it is worth pyramiding, where such position turned out to be wrong because the value negated your assumptions. In short, you need to plan what you will do with the position in several different scenarios and stick to it differently is just a game of simple and normal gambling.
8) How to distribute averages more effectively what to suggest and when to just let go of the position? Re: By taking a position I check what are the fluctuations in this value at a given interval, what are the max movements up / down and whether there are any local reactions during these moves, if so how big, knowing that I can plan the position in relation to my budget in such a way as to carry out my next orders and obstructing the price he had a chance to jump out of some position with a local reaction.
9) Let's say I want to play with a $ 10,000 contract. Is it better to enter for $ 200 and x50 leverage or for $ 1000 and x10 leverage? Re: Leverage is only used to increase investment capital, the higher the leverage, the higher the fees and the greater the loss / profit.
10) I don't fully understand the idea of playing a maximum of 20% of my deposit. Let's assume that I do not average, I put SL-10% rigidly.In that case, why should I not play with, for example, an amount of 80% of my deposit? Re: These 20% are just an example of my own game where I have a lot of fiat facilities anyway, it all depends on how the position is played, you can play a grid of orders, you can play 1 entry with sl, but always keep in mind that bitmex does not guarantee that sl will work, what if you have a 100% depot in the game ??
11) How to calculate the liq price after changing to a larger leverage? Re: By increasing the leverage you increase the crediting of a given position / decrease your contribution to it, i.e. having a long position for 100 contracts at a price of 7000 x 25, your contribution to it is $ 4, liq you have around 6755 when you change the leverage to x50 you will still have a position of 100 contracts but your contribution will be reduced to $ 2 (the remaining $ 2 will be returned to your wallet) and the liq will also decrease from 3.5% to 1.5% (remember that 0.5% is always reserved for margin securing funds bitmex) or your liq will increase to 6895.
12) How to earn on commission? What settings should you give to earn commissions? Where can I see that I have earned? Re: You earn commission when you are a MAKER, that is, you create an order in an order book, you do it by closing and opening positions with limits, it is worth checking the "post only" option to avoid buying after the market if the btc price jumps to the level at which you want to place the order.
13) How to defend a position when we can't be at bitmex? Re: Stop loss, trailing stop, order grid (averaging).
14) How do you determine the entry and exit points when merging? Re: It all depends on what tools you use and what you follow when opening / closing a position, whether you are playing a coin throw, are you looking for intersections of some oscillators or are you waiting for some reflections of the cloud breakthrough etc. etc., everyone is guided by something different when setting a position.
15) What is the average? How to use them / under what circumstances? Re: You average when the price goes in the opposite direction than you expected but you count on rebound at a certain price level and you know that you are able to average your entry price to its surroundings. averaging without any plan makes no sense in the long run you end up bankrupt.
16) It pays to play a position of several days (fees, e.g. funding) or is it better to try to close the position after a day of max two? Re: It pays off because bitmex has no additional fees, the only thing that affects your position is funding granted every 8 hours but once it can be positive and negative for 8 hours.
17) What if I change the leverage from e.g. x50 to x25 and set the position to be averaged then if I get the transaction on the reduced lever and I return to the leverage x50 how will it be settled? Re: If the position after averaging is still unprofitable and you want to change the leverage to a higher one, the system will do it but will keep some of the funds that you should return to your wallet to keep the liq level at a safe distance for this operation relative to the current price.
18) What does the statement -Secrease positions with margin and how to do it mean? Re: I suppose you mean adding additional funds to the margin, i.e. increasing the contribution to the position without changing its weight, but only a non-standard change of leverage.
19) Does it make sense for an already growing position? Re: Of course, if the position goes towards you, you can pyramid it by adding next orders along the way and setting sl on profit.
20) What indicators and at what intervals are the best for scalping? Re: This is a very individual matter, each trader has its favorite tools.
21) How do you average loss position so that it is profitable as soon as possible? Re: I use to open the first positions of a small part of the available funds to be able to average the price many times with a heavier order when the price falls to the "next support" and get the new entry price as close as possible to the current price. then a bounce of a few $ allows me to jump from most positions to 0 or + and thus maintain a position with an initial weight after a much more favorable entry than initially.
22) What do you do with a profitable position? For example, after selling a part and 5% of the capital in the order is left. What if I change the leverage from e.g. x50 to x25 and set the position for averaging then if I get the transaction on a reduced lever and I return to the leverage x50 as it will be settled ? Re: If the position after averaging is still unprofitable and you want to change the leverage to a higher one, the system will do it but will keep some of the funds that you should return to your wallet to keep the liq level at a safe distance for this operation relative to the current price.
23) What does the statement -Security positions margin mean and how to do it? Re: I suppose you mean adding additional funds to the margin, i.e. increasing the contribution to the position without changing its weight, but only a non-standard change of leverage.
24) What indicators and at what intervals are the best for scalping? Re: This is a very individual matter, each trader has its favorite tools.
25) How do you average the loss position to be profitable as soon as possible? Re: I use to open the first positions of a small part of the available funds to be able to average the price many times with a heavier order when the price falls to the "next support" and get the new entry price as close as possible to the current price. then a bounce of a few $ allows me to jump from most positions to 0 or + and thus maintain a position with an initial weight after a much more favorable entry than initially.
26) What do you do with a profitable position? E.g. you are after selling the part and you have 5% capital in the order. Re: Roll your profits to your wallet, or set a trailing stop to maximize your potential profit.
27) What Money Management techniques should be used? How to protect your capital? Re: About this are written books and you expect me to describe it in 1 or 2 sentences ?? first of all, diversify your funds, systematically build a base on a different portfolio and choose risk to profit appropriately.
28) How to minimize losses in the position e.g. 70% capital, losses of 50%? Re: Sl. You should not have to get a 70% deposit involved in the position you have allowed to generate 50% losses. You should already close it at a small loss and look for a better place to take a position. You need to have a plan and several scenarios for each play, what you will do if it goes different than you expect.
1) I often have, for example, that I go on 6600 long (x25), there is a dump and I have -40%, and I close my position there with fear, then the price returns to the entry price. Re: You need to think about what caused you to take a position in this place, and at what price your scenario turns out to be a wrong 40% loss depending on what part of the budget this position seems to be a big loss. Answer the question where you want to collect this short / long and choose sl below / above this level to save capital and to settle in a more convenient place as part of the negation of your assumptions.
2) How to deal with a lossy position? Re: The grid of orders and averaging makes sense only if we have a plan / scenario for a given position, averaging on a plank in the long run will result in bankruptcy. If the movement of a given asset negates your assumptions, you close it at a loss, you have to remember that it is better to lose some depot today and try to earn tomorrow further than zeroing and the next day you have nothing to play for.