Bitmex 101
Tags: Bitcoin Trading
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 tradingWhat you'll learn
* Requirements
* Basic knowledge of cryptos and trading recommendedDescription
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
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