10 BitMEX Tips (to maximize your gains)
BitMEX Trading Tips for Maximizing Your Profits: 1. Cut your losses early and scale your winners. 2. Every trade MUST have a stop-loss. 3. Avoid FOMO (do not chase a trade). 4. Place ONLY limit orders rather than market orders (this saves you a lot in fees). 5. Split your entries (dollar-cost average).
6. Avoid cross margin as it can burn the whole your account balance. 7. Consider future contracts (their fees are lower). 8. Check “Crypto Fear & Greed Index” to feel market emotions. 9. Stay under the radar by using lower than 10x leverage (most liquidations are with higher leverage). 10. Start with paper trading or small amounts.
If you are interested in working strategies, check the video I made: https://youtu.be/5tZsAV7AegM