Bitmex 101

A beginners guide on how to trade on margin on the BitMEX exchange

Last updated 2022-01-10 | 4

- Be able to design a trade plan and implement it to profit in margin trading

What you'll learn

Be able to design a trade plan and implement it to profit in margin trading

* Requirements

* Basic knowledge of cryptos and trading recommended

Description

Understand the basic terminology and lingo of trading

Controlling your emotions is one of the things that are often left out of trading classes, I teach that here

Learn technical analysis including charts, indicators, and much more

Develop risk management rules by learning from someone who has lost his fair share

Put it all together to design your own trade plan which takes the emotion away from trading

This is the first of three in a series of classes designed to build you from scratch all the way to a professional trader

and much more!




Who this course is for:

  • Anyone wanting to learn how to margin trade on the BitMEX platform

Course content

9 sections • 110 lectures

Introduction Preview 03:52

A little taste

Course Benefits Preview 02:20

Benefits of the course

Lecture 1 Overview Preview 01:37

A summary of the terms were going to go through in this lecture

Margin Trading and Leverage Preview 07:18

Margin trading and leverage are often used interchangeably but they have subtle differences

Shorts and Longs Preview 01:48

In this lesson, we discuss the difference between long and short positions

Order Cost and Order Value Preview 01:54

Order cost and order value defined and differentiated

Liquidation Preview 01:37

Understanding liquidation and how to avoid it

Profit and Loss Preview 01:16

We discuss the 2 different types of profit and loss on the BitMEX platform

Perpetual Swaps and Futures Contracts Preview 04:40

BitMEX supports these 2 types of derivative contracts on their platform

5 Order Types Preview 20:59

We discuss the 5 basic order types as well as the available options in the order box

BitMEX Fees Preview 02:09

Understanding the fee structure on the platform

BitMEX Live Tour Preview 11:33

Live walkthru of the exchange

Lecture 1 recap Preview 02:35

Chapter 1 wrap up

Basics Quiz

Bonus **The Order Book Preview 04:21

Bonus Class ***Learn how to read an order book on the platform

Bonus **Depth Chart Preview 01:32

Bonus Class *** Learn to read the depth chart

Bonus **Order Book/Depth Chart Demo Preview 04:19

Bonus Class *** Live demo on how to use the depth chart and order book

Bonus **BitMEX Overload Preview 02:03

Bonus Class *** What it is and how you can defend against it

Bonus **Fair Price Marking System Preview 01:20

Bonus Class *** The core of the liquidation and profit system

Bonus **Mark Price Preview 03:06

Bonus Class *** The main part of the of fair price marking system

Bonus**Index Price Preview 01:28

Bonus Class *** What it is and how you can use it to your advantage

Bonus **Short and Long Squeeze Preview 01:27

Bonus Class *** What they are and how to protect yourself

Bonus **HFT Bots/Manipulation? Preview 01:42

Bonus Class *** Another concern you should be worried about in a low volume bear market

Lecture 2 Overview Preview 04:10

Chapter outline of whats to come

Fear Preview 04:01

Probably the #1 most powerful of all the  emotions

Greed Preview 01:30

Can blind you silly and make you forget risk mgmt

Hope Preview 02:30

We all were here once

Regret Preview 01:04

Been there . done that

Controlling Emotions Preview 05:46

A compilation of my own personal opinion on how to deal with emotions

Lecture 2 Recap Preview 03:51

Chapter 2 wrap up

Lecture 3 Overview Preview 01:20

Risk Mgmt chapter outline

Risk Per Trade Preview 01:38

One of the main reasons why traders go broke

Risk/Reward Ratio Preview 02:09

Anything over a 2 is good

RR Ratio calculation demo Preview 02:29

Live demo of the long and short position tool to calculate RR

Position Sizing Preview 03:01

A very necessary rule

Antiliquidation Calculator Demo Preview 03:19

A cool demo of a great online position calculator

Using Leverage Preview 02:30

Its a 2 way street

Scaling In and Out of Positions Preview 02:29

A decent way to protect profits as well as mitigate risk

Lecture 3 Recap Preview 01:53

A wrap up of what we learned in this lecture

Bonus ***Stop Loss Placement Preview 01:39

As important as simply having one is where to put it

Bonus *** Stop Loss Placement Demo Preview 04:19

Placing a proper stop loss demo

Bonus ** Hedging Preview 04:03

Hedge when all else fails!

Bonus ** Overtrading Preview 00:48

Overtrading can be disastrous!

Bonus **When to take a loss Preview 01:53

Taking a loss is the same as admitting youre wrong.  Can you suck in your pride in order to do so?

Bonus ** Does leverage even matter? Preview 02:22

Observe the power of leverage

Bonus ** How to use higher leverage Preview 01:19

How to use higher leverage but a lower position size to keep you safe

Lecture 4 Overview Preview 03:18

Breakdown of what well be covering in the longest section of the course

Support and Resistance/Trendlines/Channels Preview 03:58

One of the most fundamental components of all TA

Support /Resistance Zones Demo Preview 02:49

Demo on how to find support and resistance zones on the chart and draw them

How to draw a trend line Demo Preview 01:45

How to draw a trendline

Channels demo Preview 01:27

How to draw a channel

Dynamic support and resistance demo Preview 02:30

How to use dynamic support and resistance

How to trade support and resistance Preview 03:07

How to trade what you've learned so far

Fibonacci Preview 01:54

The belief that all numbers are connected to everything

Fib Retracement Demo Preview 02:12

The missing fib demo that I forgot to upload !! Sorry all!

Moving Averages Preview 07:13

The best tool to identify trends

SMA Demo Preview 01:28

Slower of the 2 MAs

EMA Demo Preview 01:38

Faster and more current

RSI/StochRSI Preview 05:49

Indicators are simple and easy to use as signals to enter and exit trades

RSI demo Preview 02:28

How to use the RSI

STOCH RSI demo Preview 02:30

What to look for with the STOCH RSI

Basic Charting Patterns Preview 02:19

1. Double Tops/Bottoms

2. Head and shoulders/Inverse Head and shoulders

3. Rising/Falling Wedges

4. Bull/Bear Flags

5. Ascending/Descending Triangles


Double Top/Bottom Demo Preview 04:05

How to trade a double top/bottom pattern

Head and Shoulders and Inverse HS demo Preview 03:21

How to trade the HS

Rising and falling wedge demo Preview 02:24

How to trade wedge patterns

Bull/Bear flag demo Preview 03:55

EZ money when you see one of these

Bull/Bear Pennant Demo Preview 03:03

Very rare but a good sign that the trend is going to continue

Ascending and Descending triangle demo Preview 03:51

Difficult to trade as consolidation may decide to break out into either bullish or bearish scenarios

Fundamental and Sentiment Analysis Preview 10:42

Not as important as TA imo in crypto, but included nonetheless

Recap Preview 03:25

What a long day it was!

Bonus *** Volume Profile Preview 12:35

One of the most powerful indicators thats commonly overlooked

Bonus ** OBV Preview 01:56

Another indicator on volume

Bonus ** MA Ribbon Preview 01:58

A very powerful indicator that is multifaceted which not only provides support and resistance but another layer of confluence

Bonus ** MA Ribbon Demo Preview 03:31

A live demo showing how to use it

Bonus **Ichi Moku Cloud Preview 02:20

Another multi faceted indicator that  is very popular among traders in the space

Bonus ** Ichi Moku Demo Preview 06:30

Demo showing you how to set it up and how to use

Bonus ** Divergence Preview 03:01

A good way to measure trend momentum and pick tops and bottoms

Bonus ** Divergence on the charts Preview 03:57

Part 2 of divergence

Bonus ** Trading Divergence Preview 00:05

Divergence Cheat sheet / Sorry youll need to pause it to see it properly

Overview Preview 01:18

A quick look at what we'll be covering in price action

Concepts Preview 01:02

What is price action?

Swing Highs/Swing Lows Preview 00:39

Tops and bottoms of candle formations

Candlestick Basics Preview 01:05

The anatomy of a candlestick

Pinbars Preview 00:43

A basic formation that many traders trade off of including myself

Pinbar demo Preview 02:19

How to spot one

Engulfing Candles Preview 01:07

Very reliable and dependable setup

Engulfing candle demo Preview 01:58

How to spot one

3 White Soldiers/3 Black Crows Preview 00:52

A classic continuation pattern

3 White Soldiers Demo Preview 02:43

How it looks on the charts

Dojis Preview 00:33

A pause - dont trade off them but wait

Doji Demo Preview 02:41

Wait 2-3 candle closes so trend can develop

Recap Preview 01:37

Overview Preview 00:35

An overview of Elliot Waves

Basics Preview 02:21

Basic theory

3 Rules which must never be broken Preview 01:29

3 Rules

3 Basic guidelines Preview 02:50

3 guidelines to follow

How to plot Elliot Waves in Trading View Preview 01:58

Live demo on how to plot

Recap Preview 00:44

Wrap up

Overview of Lecture 6 Preview 02:38

Section 6 overview

What Type of Trader are you? Preview 02:20

You need to decide which type best fits your personality

How Much Can you Afford to Lose? Preview 01:20

Only invest what you can afford to lose

How Much Time Can you Dedicate to Trading? Preview 00:59

Time is crucial in deciding which type of trader you will be

Develop your Trading System Preview 02:25

1. Define what kind of trader you are

2. Use indicators to identify new trend

3. Use indicators to confirm the new trend

4. Define your risk

5. Define entries and exits

6. Write down your rules and follow them!


Can be built in 3 steps

1. Define time frame (ex. 200 day)

2. Determine entry (enter long if 200 day is below the current price + RSI is greater than 30)

3. Determine exit (exit when RSI is over 70 STOCH RSI crosses 80)

Backtesting and Demo Preview 01:02

This will be an ongoing effort

Keep a Journal Preview 01:40

Seems like a waste of time, but its really helped me out

Lecture 6 Recap Preview 03:05

Lecture 6 wrap up

Tips Preview 04:49

Things to keep in mind

Books Preview 05:03

My favorite trading books to learn by

Trading BOTs Preview 01:04:30

*** This lecture discusses trading bots and a project that I have been working on which takes in account all the main talking points of the lecture and combines them into a program that simplifies trading and sticks to the principles discussed already in previous sections


Proof of trades spreadsheet

Daily timeframe

https://drive.google.com/open?id=10RWEUncw3lfwF5OHSwLGN7QEgf-fI8y8

2 day timeframe

https://drive.google.com/open?id=1aSqwiHlz4JesD8Ku-FsKif0chSUBY6BN

The End Preview 00:30

How to contact me in case you have questions