srsro1g ‘Blimex liquidation - how to avoid being REKT explained | MnistryO‘MarginTrading.com ministry Bitmex trading guides and tutorials. of margin trading All Posts | sews | etme i fees BiMMEX strategy reddit everage More «| a8 Logi / Sin up Bimecerplaned a Aug7,2018 gin read Bitmex liquidation - how to avoid being REKT explained (correct stop loss order) Updated: Sep 27, 2018 ‘We have to avoid liquidation at Bitmex as itis the worst that can happen to us at this correct cachange. which ple mote important stop order rice What are the ommon Bitmex to avoid mistakes? ‘Trades ignore Stop loss orders ab?) Ohi) Gedo wrong which ens a Being RERT: liquidation ‘Welonuet the airy of orga Trading where we learn how to trade erypto with leverage. Let's start explaining! There are several ways to set stop loss at Bitmex but the Ministry will {focus and show you the best ones in our opinion. First ofall, at Bitmex, the worst that ean ‘happen to you is liquidation (being REKT). We will repeat it later again! Why? In this ease ‘you lose full deposit designed for this trade or even the entire amount you deposited into your Bitmex account if you traded with margin cross. Nobody likes it, as you lose more than you should. Why more than should 1? Here is an example explaining why you should always avoid being liquidated: Let's say you got erazy and you opened trade at Bitmex with 1:100 leverage. Ths crazy term ‘we used isnot about huge risk. This is about no symmetry of risk vs profits. I'you open buy position with 100x leverage at price $6000 hoping for Biteoin inereases, your position would be liquidated more or less at $5970 which means that when the price’ drop exceed 0.5% ($30 in this eas) you will lose 100% of you BTC designed for this trade. How much do you ‘earn when the price wil go the same $o but up? Other words: how much is your profit ‘when the price will increase by about 0.5%? The answer is so sad: only 50%, Is thisa fir ratio in your opinion? ‘Summary: You lose 100% of deposit but you can earn only 50%. Thati © ‘exchange you should not trace without stop Toss especially with huge les itpsswww.miistryofmargintrading.com/explained-guides-how-t-utorasyhow-to-sut-up-correcty-stoposs-on-btmexcto-avoidsiqucation 4srsro1g ‘Blimex iquidation - how to avoid being REKT explained | MnisryO™MarginTrading.com How to avoid it being REKT at Bitmex? Now have a look at how most of Bitmex traders set up their stop losses. Two most common mistakes: ist Common Bitmex Stop loss order mistake Stop loss should be wide or narrow? In most ofthe eases Bitmex investors set up their stop orders very elose before the liquidation price 1 mean like 1-2USD. Does it look smart right? But what ifthe price change rapidly about $20 without any price it the middle? Liquidation! Pain! Complaining! Stop ‘complaining, the solution is coming! It is never 100% certain so but SL $25-30 before liquidation price looks much safer, And now with this silly case study mentioned above (with x100 leverage at price $6000); think how did you want to earn money if you stop is just about S10 below your entry price level? It is just 2 seconds and itis gone. That is why Ministry prefer change Bitmex leverage ‘maximum at 25x. Okey, there are exceptions but try to forget it 2nd Common Bitmex Stop loss order mistake: Set Stop as last price or mark price? ‘This mistake is even more important! Set stop by mark price not by the last price! ‘This isthe secret. Mark price is fairer and js changing slower, that is why you have bigger chances to close your trade at Pec planned stop and it allows you to save eee Petsehcag money rather than get liquidated and lose ital. It s easier to control your trade by ‘mark price that is why Bitmex eame up with this idea Use this every time! eo eee ee ee cee) oa este LLO Sd 0 Contracts Read later: Bitmex explained - guide. Itis time a for bloodcurdling Bitmex bonus. Last week during the huge and rapid price movements Ministry noticed at Bitmex live platform that many traders got liquidated with $10mln value quantity orders. Did they lose how much? Have a guess. ‘The answer is easy... They lost more than they should... almost 9BTC each! mean at least 9Biteoins because of the a wrong bet and next almost 9BTC because they got liquidated. They should lose 9XBT but they lost extra 9BTC each! Itis jy © Decause they haven't read this article or they really sleep on eas. Margit tps: www. miistryofmargntrading.com/explained-guides-how-t-utoralsihow-to-sut-up-correcty-stoposs-on-btmex-to-avoidsiquication 26srsro1g ‘Blimex iquidation - how to avoid being REKT explained | MnisryO™MarginTrading.com calculator to know how much exaeth of XBT contract itis not for middlemen, Use our Bit a fee or abate applay for this quantity 10% fees discount Seen oe 0075080 ‘vanes er 0382 ar igpecbtiataiee (CaM lL CODE ues oon feel Nee eR soe LS Bitmex coupon for 10% fes dour Related to Bitmex topics: 1, Bitmex ealulator in excel to compute liquidation price and profits with every_ leverage 2. Check out our a full guide how to use Bitmex platform for beginners and advanced - Bitmex trading explained 3. Bitmex leverage explained 4. Check our courses and_on-lin Vebinar Bitmex fv Ge BRMEX + orders + lgudation 2759 views ° Recent Posts seo! Bitmex negative balance protection (NBP) & insuran, © bss Witescommest 19 hitps iw. minstyofmargintrading.comiexplained-guides-how-to-uoralsyhow-o-sotup-correcty-stoploss-on-bimaxcto-avoidsiqudation Bitmex: Last price vs Mark Price differences explained om Wites omen Login to leavea comment! ‘What is Bitmex downtime and what with my stop orders... © Witexamme sie