BitMEX 101 - Basics on Margin trading on the BitMEX exchange
4.4 (74 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
286 students enrolled

BitMEX 101 - Basics on Margin trading on the BitMEX exchange

A beginners guide on how to trade on margin on the BitMEX exchange
4.4 (74 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
286 students enrolled
Created by 619 Trading
Last updated 2/2020
English
English [Auto-generated]
Current price: $16.99 Original price: $24.99 Discount: 32% off
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This course includes
  • 6.5 hours on-demand video
  • 1 downloadable resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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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
Expand all 109 lectures 06:20:58
+ Basics
20 lectures 01:18:44

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

Lecture 1 Overview
01:37

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

Margin Trading and Leverage
07:18

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

Shorts and Longs
01:48

Order cost and order value defined and differentiated

Preview 01:54

Understanding liquidation and how to avoid it

Liquidation
01:37

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

Profit and Loss
01:16

BitMEX supports these 2 types of derivative contracts on their platform

Perpetual Swaps and Futures Contracts
04:40

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

5 Order Types
20:59

Understanding the fee structure on the platform

BitMEX Fees
02:09

Live walkthru of the exchange

BitMEX Live Tour
11:33

Chapter 1 wrap up

Lecture 1 recap
02:35
Basics Quiz
3 questions

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

Bonus **The Order Book
04:21

Bonus Class *** Learn to read the depth chart

Bonus **Depth Chart
01:32

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

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

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

Bonus **BitMEX Overload
02:03

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

Bonus **Fair Price Marking System
01:20

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

Bonus **Mark Price
03:06

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

Bonus**Index Price
01:28

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

Bonus **Short and Long Squeeze
01:27

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

Bonus **HFT Bots/Manipulation?
01:42
+ Emotions
7 lectures 22:52

Chapter outline of whats to come

Lecture 2 Overview
04:10

Probably the #1 most powerful of all the  emotions

Fear
04:01

Can blind you silly and make you forget risk mgmt

Greed
01:30

We all were here once

Hope
02:30

Been there . done that

Regret
01:04

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

Controlling Emotions
05:46

Chapter 2 wrap up

Lecture 2 Recap
03:51
+ Risk Management
16 lectures 37:11

Risk Mgmt chapter outline

Lecture 3 Overview
01:20

One of the main reasons why traders go broke

Risk Per Trade
01:38

Anything over a 2 is good

Risk/Reward Ratio
02:09

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

Preview 02:29

A very necessary rule

Position Sizing
03:01

A cool demo of a great online position calculator

Antiliquidation Calculator Demo
03:19

Its a 2 way street

Using Leverage
02:30

A decent way to protect profits as well as mitigate risk

Scaling In and Out of Positions
02:29

A wrap up of what we learned in this lecture

Lecture 3 Recap
01:53

As important as simply having one is where to put it

Bonus ***Stop Loss Placement
01:39

Placing a proper stop loss demo

Bonus *** Stop Loss Placement Demo
04:19

Hedge when all else fails!

Bonus ** Hedging
04:03

Overtrading can be disastrous!

Bonus ** Overtrading
00:48

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

Bonus **When to take a loss
01:53

Observe the power of leverage

Bonus ** Does leverage even matter?
02:22

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

Bonus ** How to use higher leverage
01:19
+ Analysis
33 lectures 01:57:04

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

Lecture 4 Overview
03:18

One of the most fundamental components of all TA

Support and Resistance/Trendlines/Channels
03:58

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

Support /Resistance Zones Demo
02:49

How to draw a trendline

Preview 01:45

How to draw a channel

Channels demo
01:27

How to use dynamic support and resistance

Dynamic support and resistance demo
02:30

How to trade what you've learned so far

How to trade support and resistance
03:07

The belief that all numbers are connected to everything

Fibonacci
01:54

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

Fib Retracement Demo
02:12

The best tool to identify trends

Moving Averages
07:13

Slower of the 2 MAs

SMA Demo
01:28

Faster and more current

EMA Demo
01:38

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

RSI/StochRSI
05:49

How to use the RSI

RSI demo
02:28

What to look for with the STOCH RSI

STOCH RSI demo
02:30

1. Double Tops/Bottoms

2. Head and shoulders/Inverse Head and shoulders

3. Rising/Falling Wedges

4. Bull/Bear Flags

5. Ascending/Descending Triangles


Basic Charting Patterns
02:19

How to trade a double top/bottom pattern

Double Top/Bottom Demo
04:05

How to trade the HS

Head and Shoulders and Inverse HS demo
03:21

How to trade wedge patterns

Rising and falling wedge demo
02:24

EZ money when you see one of these

Bull/Bear flag demo
03:55

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

Bull/Bear Pennant Demo
03:03

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

Ascending and Descending triangle demo
03:51

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

Fundamental and Sentiment Analysis
10:42

What a long day it was!

Recap
03:25

One of the most powerful indicators thats commonly overlooked

Bonus *** Volume Profile
12:35

Another indicator on volume

Bonus ** OBV
01:56

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

Bonus ** MA Ribbon
01:58

A live demo showing how to use it

Bonus ** MA Ribbon Demo
03:31

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

Bonus **Ichi Moku Cloud
02:20

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

Bonus ** Ichi Moku Demo
06:30

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

Bonus ** Divergence
03:01

Part 2 of divergence

Bonus ** Divergence on the charts
03:57

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

Bonus ** Trading Divergence
00:05
+ Price Action Strategies
13 lectures 18:37

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

Overview
01:18

What is price action?

Concepts
01:02

Tops and bottoms of candle formations

Swing Highs/Swing Lows
00:39

The anatomy of a candlestick

Candlestick Basics
01:05

A basic formation that many traders trade off of including myself

Pinbars
00:43

How to spot one

Pinbar demo
02:19

Very reliable and dependable setup

Engulfing Candles
01:07

How to spot one

Engulfing candle demo
01:58

A classic continuation pattern

3 White Soldiers/3 Black Crows
00:52

How it looks on the charts

3 White Soldiers Demo
02:43

A pause - dont trade off them but wait

Dojis
00:33

Wait 2-3 candle closes so trend can develop

Doji Demo
02:41
Recap
01:37
+ Elliot Waves Theory
6 lectures 09:57

An overview of Elliot Waves

Overview
00:35

Basic theory

Basics
02:21

3 Rules

3 Rules which must never be broken
01:29

3 guidelines to follow

3 Basic guidelines
02:50

Live demo on how to plot

How to plot Elliot Waves in Trading View
01:58

Wrap up

Recap
00:44
+ Trade Plan
8 lectures 15:29

Section 6 overview

Overview of Lecture 6
02:38

You need to decide which type best fits your personality

What Type of Trader are you?
02:20

Only invest what you can afford to lose

How Much Can you Afford to Lose?
01:20

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

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

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)

Develop your Trading System
02:25

This will be an ongoing effort

Backtesting and Demo
01:02

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

Keep a Journal
01:40

Lecture 6 wrap up

Lecture 6 Recap
03:05
+ Conclusion
4 lectures 01:14:52

Things to keep in mind

Tips
04:49

My favorite trading books to learn by

Books
05:03

*** 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

Preview 01:04:30

How to contact me in case you have questions

The End
00:30