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RE: Getting REKT on BitMEX - Losing on a Highly Leveraged BTC Trade
Interesting, and I don't think you should abandon it. It's essentially just a buy with an automatic stop-loss, where you choose the stop-loss point with your leverage. If you use normal stop-losses elsewhere this could be more profitable because you don't have to pay a transaction fee the times you lose. (Not sure what their fee structure is, maybe you pay more to do it this way?)
@tcpolymath Thanks for the comment!
My leverage was way too high so I didn't have much cushion room for setting a stop-loss. I would have also still taken a hit and lost a good amount had I set a stop-loss somewhere. I really didn't give myself much room to maneuver with the 65x leverage tho 😖