Sirwin
Sirwin

Here's how to leverage on Bitmex within the USA using a free VPN and low risk strategy

By Pyratellama | THe_LoOny_LLamA | 7 Mar 2020


I'm going to show you how to trade on Bitmex using a free vpn and with a low risk strategy.

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Step 1: Sign up for ProtonVpn. All you need is the free version. It's simple and easy to use. Choose to connect through Netherlands.

Step 2: Sign up for Bitmex. I created a separate email just for Bitmex, but you don't have to.

Step 3: Place a leverage bet. I use support and resistance lines on 15 minutes. Look at the market for the last 12-24 hours and draw your lines using trading view, or Bitmex. When you think the markets going to go up or down place a leverage order at 50x. Make sure to check the liquidation price and make sure its over or under the major resistance lines of the last 8 hours. Only place this order when you are 90% sure the market is going the way you think it will. This order should be something you are willing to lose without it hurting, like $50. At 50 leverage that means if the market moves 1% you've just made a 50% profit. I keep to a hard fast rule if I make 20% - 30% I close my long or short. When you get greedy is when you lose! Typically I stay to shorts as well because it seems to me the market goes down quicker than it goes up. Also pay attention to the DJIA, bitcoin will relatively follow this on the day to day. Using this method I win 4 out of 5 "bets". 

 

That's it, good luck! I'm not a professional, so DYOR and take all I say with a grain of luck.

Let me know what you think in the comments. 

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Pyratellama
Pyratellama

Audio engineer, studio owner


THe_LoOny_LLamA
THe_LoOny_LLamA

All kinds of stuff ranging from crypto, to music, to life hacks

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