This is a mirror of the original BitMEX trollbox archive that used to be online here.
BitMEX disabled their archive after the DDOS attack so I have decided to make my mirror publicly available.

Well now, a few days after I made this mirror available to the public, the original archive from BitMEX is online again.
But since it is still limited (neutered to the last few hundred messages) I will keep my FULL mirror alive.

You have access to more than 50 million trollbox posts. This is more than 7 gigabyte of data hosted on a $5 server so please be patient or consider a donation

<<  >>  English  中文  Русский  한국어  日本語  Español  Français 
[2015-09-24 20:02:43] TrevinHofmann : Seems like the exchange volume and depth keeps slowly building up. Good to see.
[2015-09-24 20:02:51] BitMEX_Sam : Yeah, last week or so has been a big improvement
[2015-09-24 20:03:03] BitMEX_Sam : We're running a lot tighter spreads and about 3-4x more volume than the beginning of the month
[2015-09-24 20:14:18] j8 : yeah for a while i was playing the spread here and hedging on okc.. its actually working better the other way now. catch the wicks there and hedge it here
[2015-09-24 20:48:23] BitMEX_Sam : Spread is tightening up again
[2015-09-25 04:31:04] BitMEX_Arthur : Settlement Friday, yeehaw
[2015-09-25 04:33:49] miratrader : BitMEX_Arthur: I want settlement already, need to go to sleep :-)
[2015-09-25 04:34:02] BitMEX_Arthur : 7.5 more hours to go
[2015-09-25 04:34:11] BitMEX_Arthur : We will have a new toy for you guys at 12:00 GMT
[2015-09-25 04:34:23] miratrader : oh cool, can't wait :-)
[2015-09-25 04:34:41] miratrader : ETH toy was nice :-)
[2015-09-25 04:35:00] BitMEX_Arthur : The ETH hype has kinda faded
[2015-09-25 04:35:38] miratrader : well yes, but it was/is nice to short
[2015-09-25 05:01:19] TrevinHofmann : Speaking of ETH...
[2015-09-25 05:01:40] TrevinHofmann : There's a nice premium bid up.
[2015-09-25 05:02:15] TrevinHofmann : I just grabbed 1500 shorts. 2800 left.
[2015-09-25 05:04:53] j8 : no kidding, could easily hedge it at .00338 on poloniex.
[2015-09-25 05:05:08] miratrader : yep, I think it's a pretty safe bet that it will close below 0.00353, only 7 hours left. But you never know with ETH :-)
[2015-09-25 05:27:00] miratrader : wow, all ETH bids above 0.00310 gone!
[2015-09-25 05:27:50] miratrader : did someone get margin called on that drop to 0.00250?
[2015-09-25 05:28:58] BitMEX_Arthur : Traders check out `XBT24H` in testnet
[2015-09-25 05:29:02] BitMEX_Arthur : 50x leverage
[2015-09-25 05:29:03] BitMEX_Arthur : giddy up
[2015-09-25 05:29:08] BitMEX_Arthur : listing tonight at 12:00 GMT
[2015-09-25 05:29:18] BitMEX_Arthur : expires every 24H
[2015-09-25 05:29:52] j8 : oh dear
[2015-09-25 05:30:33] miratrader : wow, 50x leverage! maybe it's time to bring our bots here, will have to talk to our quants
[2015-09-25 05:30:46] BitMEX_Arthur : Hell yah
[2015-09-25 05:31:25] BitMEX_Arthur : CHINA CHINA CHINA
[2015-09-25 05:32:41] miratrader : yeah, will be worthwhile if Chinese gamblers come here for 50x
[2015-09-25 05:34:23] BitMEX_Arthur : Gamblers of all stars and strips will like this one, will be great for scalping small movements
[2015-09-25 05:34:30] BitMEX_Arthur : given the low volatility
[2015-09-25 05:43:26] miratrader : I guess all BVOL contracts will be delisted?
[2015-09-25 05:43:38] BitMEX_Arthur : yes that is correct
[2015-09-25 05:44:14] miratrader : good move, liquidity was awful
[2015-09-25 05:49:42] j8 : it was a lot less fun to long after the move to tradeblock index.
[2015-09-25 05:50:06] BitMEX_Arthur : MM need to figure out if there is any way to price it
[2015-09-25 05:50:30] BitMEX_Arthur : Without an options market to arb it's pure punting
[2015-09-25 05:58:31] cengel : Arthur, will we be forced to use 50x instead of 25x now when isolating margin?
[2015-09-25 05:58:47] j8 : historical data helps. i had a pretty good idea of the stats for bitfinex 5-minute candles. this was nonexistent for XBX
[2015-09-25 06:06:55] BitMEX_Arthur : cengel: Yes
[2015-09-25 06:07:12] cengel : oh.
[2015-09-25 06:18:52] zanza : is this a great buying oppertunity for ETH?
[2015-09-25 06:55:35] hashman : what time is settlement, I see: Sep 25 08:00 (12:00 UT
[2015-09-25 06:55:53] BitMEX_Arthur : It's 12:00 GMT
[2015-09-25 06:56:18] MarketQ : Basically because there no limits to what you can do with Ethereum you can write a contract that leeches the resources of the network and the only way to solve this would be to limit what people can build on ethereum ( meaning its no longer able to support every program imaginable) or one could create a central entity that can remove parasitic contracts but that just ruins the whole decentral concept This means in short that the basis for Ethereum is flawed in a fundamentally insolvable way
[2015-09-25 07:09:52] BitMEX_Arthur : Okcoin settlement here we come
[2015-09-25 07:10:09] BitMEX_Arthur : Pump or dump?
[2015-09-25 07:13:03] MarketQ : Pump on BTC some big news mike tysons new ATM is out
[2015-09-25 07:14:16] MarketQ : They will buy Bitcoin because mike Tyson is on it and just like Doge coin the joke will somehow turn into an incredible rally because people who like mike tyson cant secure their coins
[2015-09-25 07:14:47] MarketQ : they will lose them when their iphone breaks and deflation
[2015-09-25 07:24:03] j8 : BitMEX_Arthur: `XBTU15` seems to be pricing in a dump
[2015-09-25 07:38:00] DunningKruger : Yeah not really rushing to push that 7D high any further. Short term loss for me by the looks of it but we will return to 225.
[2015-09-25 07:43:58] DunningKruger : Spoke too soon
[2015-09-25 07:52:48] derrend : hmm trying to figure out futures contracts for the first time her
[2015-09-25 07:52:56] derrend : here
[2015-09-25 07:53:00] BitMEX_Arthur : How can we help
[2015-09-25 07:53:22] BitMEX_Arthur : The Speculation Bitcoin series has the 25x leverage
[2015-09-25 07:53:26] BitMEX_Arthur : and the most liquidity
[2015-09-25 07:53:32] derrend : does a futures contract have a fixed length of time?
[2015-09-25 07:53:35] BitMEX_Arthur : Yes
[2015-09-25 07:53:45] derrend : do i determine it?
[2015-09-25 07:53:55] BitMEX_Arthur : You will see the expiry date listed on the dashboard
[2015-09-25 07:54:01] BitMEX_Arthur : No the expiry dates are set by us
[2015-09-25 07:54:17] derrend : when do they start and end?
[2015-09-25 07:54:34] BitMEX_Arthur : We have Daily, Weekly, Monthly, Quarterly, Bi-Quarterly
[2015-09-25 07:54:48] BitMEX_Arthur : The most liquid will be the Weekly
[2015-09-25 07:55:04] BitMEX_Arthur : So if you choose Sep 25th expiry (today) you will see a healthy orderbook
[2015-09-25 07:56:41] derrend : if i deposit 1 btc and open a short future for 1 month, what happens? :P sorry im new ;)
[2015-09-25 07:57:12] BitMEX_Arthur : If you deposit 1 BTC, you can trade 25 BTC worth of futures, if the price goes up by 4%, you make 1 BTC so you have doubled your initial investment
[2015-09-25 07:57:21] BitMEX_Arthur : The leverage is 25:1
[2015-09-25 07:57:30] cengel : But this change to 50:1 in 4 hr?
[2015-09-25 07:57:37] BitMEX_Arthur : Just for the daily
[2015-09-25 07:57:39] BitMEX_Arthur : XBT24H
[2015-09-25 07:57:43] cengel : ohh okay
[2015-09-25 07:57:46] BitMEX_Arthur : everything else will still be 25x
[2015-09-25 07:57:59] cengel : thats not so bad then
[2015-09-25 07:58:31] derrend : what % would the price have to fall by before i'm wiped out?
[2015-09-25 07:59:03] derrend : at 25:1
[2015-09-25 07:59:15] BitMEX_Arthur : 3%
[2015-09-25 07:59:33] BitMEX_Arthur : the remaining 1% is used to liquidate your position at the market price
[2015-09-25 08:00:31] derrend : thats amazing, if it rises by 4% i make 25btc and only lose 1btc if it falls by 3% at 25:1
[2015-09-25 08:01:14] BitMEX_Arthur : If it rises by 4% you make 1 BTC
[2015-09-25 08:01:19] BitMEX_Arthur : 25 BTC * 1.04
[2015-09-25 08:01:33] BitMEX_Arthur : You put in 1 BTC of equity, so you have doubled your initial investment
[2015-09-25 08:02:22] derrend : ah, yeah i get it now, i got confused for a second
[2015-09-25 08:02:27] BitMEX_Arthur : Cool
[2015-09-25 08:02:58] derrend : this futures stuff is definitely interesting :)
[2015-09-25 08:06:01] BitMEX_Arthur : derrend: We hope you come try it out
[2015-09-25 08:06:10] BitMEX_Arthur : We have a lot of reference material to help you learn as well
[2015-09-25 08:07:11] derrend : im interested in shorting eth, im looking under contract/ETH7D so i think im in the right place, just having a read now
[2015-09-25 08:07:33] BitMEX_Arthur : Yes the good think about `ETH7D` is you don't need ETH
[2015-09-25 08:07:34] BitMEX_Arthur : Just Bitcoin
[2015-09-25 08:33:40] alb_gt : do you plan to list longer dated ETH contracts ?
[2015-09-25 08:37:43] BitMEX_Arthur : Not until the weekly one gets much more liquid
[2015-09-25 10:51:59] cengel : is the hedging series XBU being completely phased out?
[2015-09-25 11:49:27] loke : BitMEX_Arthur: Where can I find the formulae used to calculate settlement prices of the different assets?
[2015-09-25 12:08:18] BitMEX_Arthur : If you go to the contract specs section you will see the indices and if you click there will be a calculation explaination
[2015-09-25 12:20:38] loke : Found them all. Many thanks.
[2015-09-25 12:31:50] donchard : why does it take time to fill my orders
[2015-09-25 12:33:13] BitMEX_Arthur : What are you experiencing?
[2015-09-25 12:39:36] donchard : what is the price of xbt7d o your end
[2015-09-25 12:47:21] BitMEX_Arthur : donchard: What do you mean
[2015-09-25 13:03:12] TrevinHofmann : Well, shorting that 0.00353 ETH bid was worthwhile :)
[2015-09-25 13:13:05] TrevinHofmann : 50x leverage is terrifying
[2015-09-25 13:19:12] BitMEX_Arthur : Don't isolate margin and you will be fine
[2015-09-25 14:41:10] BitMEX_Sam : Some decent volume on XBT24H already
[2015-09-25 14:51:31] ContourTrade : why are people on finex and okc, when there is bitmex?
[2015-09-25 14:52:12] BitMEX_Sam : Exchange popularity is all about momentum
[2015-09-25 14:52:27] BitMEX_Sam : We had a lot of liquidity concerns months ago but it's really picked up since then
[2015-09-25 14:52:40] ContourTrade : i really like your site
[2015-09-25 14:53:09] ContourTrade : hopefully bitmex will snowball some volume
[2015-09-25 14:53:38] BitMEX_Sam : Hoping so too. We've had a lot of good feedback lately now that the spreads have tightened
[2015-09-25 14:54:40] ContourTrade : how your guys api? i havn't had a chance to look
[2015-09-25 14:54:54] BitMEX_Sam : Our API is the most complete you'll find on any exchange
[2015-09-25 14:55:10] BitMEX_Sam : See the API section on the left and our interactive explorer at https://www.bitmex.com/api/explorer/
[2015-09-25 15:04:38] ContourTrade : Sam did you do everything by yourself or do you have a developer team?
[2015-09-25 15:05:17] BitMEX_Sam : ContourTrade: We have a small team of three partners, and some occasional outside help
[2015-09-25 15:08:15] ssa3512 : 50x margin huh?
[2015-09-25 15:08:31] ssa3512 : the margin addicts are gonna eat that up
[2015-09-25 15:09:19] BitMEX_Sam : Yeah, it fits the style of the dailies well
[2015-09-25 15:35:14] priceaction : 50x is crazy, who can resist?
[2015-09-25 15:53:23] cengel : i placed my bet
[2015-09-25 15:54:33] cengel : inb4 80% dpe
[2015-09-25 15:56:40] BitMEX_Sam : somebody wants out below mark
[2015-09-25 16:02:34] TrevinHofmann : The 50k was pulled
[2015-09-25 16:13:55] MarketQ : what is 50x
[2015-09-25 16:14:03] MarketQ : I mean who has 50 x
[2015-09-25 16:14:25] BitMEX_Sam : Not sure if I know what you mean
[2015-09-25 16:25:54] TrevinHofmann : MarketQ: Which exchanges?
[2015-09-25 16:49:11] cengel : maybe it's a philosophical question
[2015-09-25 16:50:36] BitMEX_Sam : Can you ever truly have 50x?
[2015-09-25 17:27:02] TrevinHofmann : How can we know the 50x is real if our eyes aren't real?
[2015-09-25 17:28:45] BitMEX_Wally : TrevinHofmann: Deposit 1 Bitcoin, then go long 50 Bitcoin and see what happens :)
[2015-09-25 17:30:10] TrevinHofmann : I know exactly what would happen :( "We regret to inform you that your available margin has reached a negative value. Your account has been margin called and liquidations will begin shortly."
[2015-09-25 17:31:44] BitMEX_Wally : You can chose your leverage, the minimum requirement is 2%
[2015-09-25 18:03:00] cengel : wait the isolate margin choose rolled out too?
[2015-09-25 18:06:05] SnackyCoins : Is January Inverse contract coming out soon?
[2015-09-25 18:07:45] BitMEX_Sam : cengel: No, that hasn't rolled, Wally is referring to standard cross margin
[2015-09-25 18:08:12] BitMEX_Sam : We're still working on selectable isolated/fixed margin, have had some other things take priority
[2015-09-25 18:08:45] BitMEX_Sam : SnackyCoins: XBUF16 listing is delayed while we evaluate liquidity on the XBU series
[2015-09-25 18:09:07] cengel : RIP XBU
[2015-09-25 18:49:18] miratrader : no new XBU? that's too bad :-(
[2015-09-25 18:50:35] miratrader : very nice spread on XBT24H, good work!
[2015-09-25 18:57:47] farisham : yeah nice!
[2015-09-25 18:58:55] BitMEX_Sam : Yeah, all of the `XBT` contracts are keeping pretty tight.
[2015-09-25 20:01:42] Libertyrisk : Are there no bvol contracts right now?
[2015-09-25 20:02:30] BitMEX_Sam : Libertyrisk: Not at this time, we've suspended them while we concentrate liquidity on `XBT`
[2015-09-25 20:18:41] Libertyrisk : Should I close a position by selling an offsetting contract, or is there a preferable way to do it on your system?
[2015-09-25 20:20:16] BitMEX_Sam : Libertyrisk: Yes, placing an opposite order is the preferred way to exit a position.
[2015-09-25 20:20:30] BitMEX_Sam : You can also use the `Close Position` order type, but be aware that this is a market order that will execute immediately.
[2015-09-25 20:20:58] Libertyrisk : Thanks
[2015-09-25 20:25:13] TrevinHofmann : "BitMEX is committed to only serving customers in appropriate jurisdictions. In order to better serve our clients, additional verification will be required when depositing Bitcoin to the BitMEX platform. Before a deposit address is presented, users must verify their country of residence. Users who reside in certain jurisdictions will not be allowed to deposit funds with BitMEX."
[2015-09-25 20:25:36] TrevinHofmann : Any more info on this? What jurisdictions are not allowed? Does this only affect deposits, or also trading and withdrawing?
[2015-09-25 20:25:57] TrevinHofmann : Will documents be required, or can users lie about their residence?
[2015-09-25 20:30:34] BitMEX_Sam : Essentially, we are requiring that users fulfill certain requirements to verify they reside in a jurisdiction where trading Bitcoin derivatives is allowed. I can't discuss the specifics of how the validation process will work. For now, the USA is the only jurisdiction that is limiting trading.
[2015-09-25 20:33:08] TrevinHofmann : Sounds like I'll need to withdraw, and maybe somebody else in another country will be opening an account with a similar balance around the same time.
[2015-09-25 20:34:02] cengel : depending what method of validation it i
[2015-09-25 20:34:29] TrevinHofmann : ^ If verification is required, maybe an account won't be opened :|
[2015-09-25 20:50:30] Libertyrisk : Boehner steps down, should be a tailwind no?
[2015-09-25 21:16:24] Libertyrisk : Where is there most liquidity right now?
[2015-09-25 21:23:29] BitMEX_Sam : As in, which exchange, or which expiry?
[2015-09-25 21:29:16] Libertyrisk : Expiry
[2015-09-25 21:29:25] Libertyrisk : and exchange if you know lol
[2015-09-25 21:31:05] BitMEX_Sam : Here, the largest open interest is on XBTZ15
[2015-09-25 22:08:52] hj5497 : Sam: who do you consider to be your toughest competition? which exchange?
[2015-09-25 22:10:47] BitMEX_Sam : Well, we don't compete with spot exchanges like Finex and Stamp.
[2015-09-25 22:11:17] BitMEX_Sam : So really, our place in the market is alongside other derivatives exchanges - this is generally Chinese dominated, but we can outclass them in technology.
[2015-09-25 22:16:47] hj5497 : outclass shouldn't be hard
[2015-09-25 22:17:30] hj5497 : being derivatives are you concerned with someone coming down on you guys?
[2015-09-25 22:22:40] galix621@gmail.com : the only competitor Bitmex really has is okcoin futures
[2015-09-25 22:27:04] hj5497 : thumbs up
[2015-09-25 23:57:18] chueche : this is better than the OKCasino
[2015-09-26 00:20:59] galix621@gmail.com : if we would have better liquidity then the casino bitmex would definitely be better
[2015-09-26 00:22:26] galix621@gmail.com : The Platform would be amazing with great liquidity
[2015-09-26 00:23:35] galix621@gmail.com : being able to hop out and in with low slippigae on high leverage is really important
[2015-09-26 00:24:48] Libertyrisk : When do the 24h contracts resolve?
[2015-09-26 00:25:18] Libertyrisk : Shouldn't they have expire now?
[2015-09-26 00:41:02] SnackyCoins : 0:00 utc
[2015-09-26 00:41:13] SnackyCoins : er
[2015-09-26 00:41:18] SnackyCoins : 12:00 lol
[2015-09-26 01:06:18] zanza : does XBT24H not have a fair basis?
[2015-09-26 01:27:39] zanza : also it seems the Fair Price = Mark Price
[2015-09-26 02:29:17] BitMEX_Wally : zanza: Because `XBT24H` is always expiring in less than 24 hours there's no basis really. So yes, `markPrice = fairPrice` and `fairPrice = TradeBlock Index`
[2015-09-26 05:37:59] cengel : anyone know a simple xbx index chart with tools?
[2015-09-26 05:45:39] BitMEX_Wally : cengel: Check out TradeBlock's website: https://tradeblock.com/markets/
[2015-09-26 05:46:08] BitMEX_Wally : On BitMEX we currently only have charts for the futures, but we'll add indices too at some point
[2015-09-26 05:46:34] cengel : their website doesnt have a livechart afaik
[2015-09-26 05:46:52] cengel : im thinking more bitcoinwisdom or somethi
[2015-09-26 05:54:35] cengel : it would just be nice to have simple chart to watch and do TA for
[2015-09-26 05:54:38] cengel : on the index itself
[2015-09-26 05:54:42] j8 : maybe we could get cryptowatch to add it. i'm guessing tradeblock has it for subscribers
[2015-09-26 05:56:01] cengel : they're useless when you contact them tho
[2015-09-26 05:56:10] cengel : either you buy subcription or they tell you to talk to exchange
[2015-09-26 05:57:07] j8 : yeah. and they don't really have a documented public api either
[2015-09-26 05:58:39] cengel : @j8 i did ask cryptowatch to ad it, got no response
[2015-09-26 05:58:48] cengel : i think i sent bitcoinwisdom an email too
[2015-09-26 05:59:13] j8 : oh yeah, i've heard bitcoinwis is bad for that, wasn't sure about cw
[2015-09-26 06:00:44] cengel : i use websocket to do own live chart but it's ugly, need historical to chart
[2015-09-26 06:00:49] cengel : too much of a task to build self
[2015-09-26 06:03:16] j8 : yeah likewise. would be nice to have
[2015-09-26 11:30:39] BitMEX_Arthur : XBT24H expires in 30min
[2015-09-26 11:42:49] Scott J : a pump now would be nice
[2015-09-26 11:44:22] chueche : Scott J: or a big fat dump ;)
[2015-09-26 11:44:52] Scott J : wait until XBT24 has expired, then you can have your dump
[2015-09-26 11:46:03] DunningKruger : Who needs a big move when you have 50x leverage :p
[2015-09-26 11:47:58] Scott J : I'm playing around with x50. Made 33% on a short earlier, then switched and went long.
[2015-09-26 11:48:27] galix621@gmail.com : yea 50x interesting
[2015-09-26 11:48:38] laisee : easy come ...
[2015-09-26 11:48:52] DunningKruger : Shorted yesterday when RSI was showing way overbought. Then someone let me cover half at 233. Which was nice of them.
[2015-09-26 11:49:39] Scott J : laisee: indeed
[2015-09-26 11:49:41] galix621@gmail.com : should follow the trend and buy the dips for now
[2015-09-26 11:50:33] DunningKruger : Loving the 50x though, Have to be very careful but a lot of fun can be had.
[2015-09-26 11:51:24] galix621@gmail.com : well it's not exactly 50x, it's the option for
[2015-09-26 11:51:24] lnostdal : is 50x using fixed margin like ok.com does (by default at least)?
[2015-09-26 11:52:05] BitMEX_Arthur : lnostdal: You can use fixed or as we call Isolate Margin, or cross margin
[2015-09-26 11:52:06] BitMEX_Arthur : here
[2015-09-26 11:52:07] BitMEX_Arthur : which is the default
[2015-09-26 11:52:07] galix621@gmail.com : you can pick if you want to isolate your margin or lower your leverage by using more margin
[2015-09-26 11:52:14] galix621@gmail.com : right?
[2015-09-26 11:52:18] DunningKruger : No that's the max ^^
[2015-09-26 11:52:43] lnostdal : ok, .. hm, wait, what's the default? isolate or cross?
[2015-09-26 11:52:54] BitMEX_Arthur : Cross
[2015-09-26 11:52:58] lnostdal : ok, cool, thanks
[2015-09-26 11:53:22] BitMEX_Arthur : Check out https://testnet.bitmex.com
[2015-09-26 11:53:28] BitMEX_Arthur : if you want to play around with testnet Bitcoin
[2015-09-26 11:53:41] BitMEX_Arthur : or deposit a small amount of Bitcoin and play around
[2015-09-26 11:54:04] BitMEX_Arthur : 1 contract is worth 0.0023 Bitcoin
[2015-09-26 12:00:06] DunningKruger : Ding
[2015-09-26 12:02:11] BitMEX_Arthur : Let's get ready to RUMBLE
[2015-09-26 12:04:57] BitMEX_Arthur : Don't be shy start trading :)
[2015-09-26 12:06:02] DunningKruger : Hehe I've started. I'm being quite generous with my spread too ;)
[2015-09-26 12:07:51] lnostdal : 4h just closed .. wanna see what they gonna do next :>
[2015-09-26 12:22:55] cengel : YOLO long
[2015-09-26 12:23:02] calamar182 : Hey babys
[2015-09-26 12:23:15] calamar182 : Which is the best way to do RISK FREE arbitrage?
[2015-09-26 12:23:44] calamar182 : I repeat I don't want any kind of trade that includes a risk
[2015-09-26 12:23:48] calamar182 : I WANT RISK FREE
[2015-09-26 12:23:52] BitMEX_Arthur : haha
[2015-09-26 12:24:22] calamar182 : I must sell short XBU? and buy in BTCE?
[2015-09-26 12:24:26] cengel : buy bitcoin and sell XBUZ15
[2015-09-26 12:24:40] calamar182 : Ok but XBU has a daily negative interest?
[2015-09-26 12:24:43] cengel : but right now it's not in a premium
[2015-09-26 12:24:53] cengel : XBU has been abandoned
[2015-09-26 12:24:53] calamar182 : what it means in a premium?
[2015-09-26 12:24:58] cengel : higher than spot
[2015-09-26 12:25:03] calamar182 : Yes i know
[2015-09-26 12:25:06] calamar182 : its to close now
[2015-09-26 12:25:34] BitMEX_Arthur : If you want to take a bit of risk, sell `XBTH16` and buy spot
[2015-09-26 12:25:40] calamar182 : But if I sell XBU I have nagative interest or when I sell it before expiry it will close it in loss?
[2015-09-26 12:25:43] calamar182 : Or any thing?
[2015-09-26 12:25:56] BitMEX_Arthur : calamar182: We have some blog posts you should read
[2015-09-26 12:26:00] BitMEX_Arthur : goes step by step
[2015-09-26 12:26:08] calamar182 : I read it all
[2015-09-26 12:26:22] calamar182 : My idea is XBU arbitrage
[2015-09-26 12:26:33] calamar182 : buy in BTC and sell XBU,
[2015-09-26 12:26:44] BitMEX_Arthur : calamar182: Currently there is no premium
[2015-09-26 12:26:52] BitMEX_Arthur : so that trade won't work
[2015-09-26 12:27:04] calamar182 : In btce there are a lot of arbitrage oportunities because it moves in a premium a lot of times
[2015-09-26 12:27:25] calamar182 : maybe it works if I sell short like it BITFINEX
[2015-09-26 12:27:41] calamar182 : you know that is a 5 $ arbitrage oportunities sometimes
[2015-09-26 12:28:33] calamar182 : When it will be avaliable the premium again??
[2015-09-26 12:35:20] BitMEX_Arthur : I don't know
[2015-09-26 12:35:45] BitMEX_Arthur : I would suggest taking a bit more risk and shorting the XBT premium
[2015-09-26 12:41:43] calamar182 : but if the prices rises I will lose
[2015-09-26 12:41:52] calamar182 : How to manage that lose?
[2015-09-26 12:42:25] BitMEX_Arthur : You can dynamically hedge as the price moves, or take a bet the price won't be outside the 0 pnl bands
[2015-09-26 12:43:58] calamar182 : Ok got it
[2015-09-26 12:44:00] calamar182 : ty
[2015-09-26 12:59:23] malakas : oi trollbox
[2015-09-26 13:00:53] BitMEX_Arthur : malakas: Hola
[2015-09-26 13:05:47] galix621@gmail.com : lol is there really a 11$ spread on 24h futures?
[2015-09-26 13:06:04] BitMEX_Arthur : galix621@gmail.com: The MM must be adj somthing
[2015-09-26 13:06:08] BitMEX_Arthur : usually its 25cents
[2015-09-26 13:06:31] galix621@gmail.com : okay thanks
[2015-09-26 13:06:50] galix621@gmail.com : how do I change my nickname? why is it my e-mail address lol
[2015-09-26 13:11:18] BitMEX_Arthur : Send us a support ticket
[2015-09-26 13:11:20] BitMEX_Arthur : And we can help you
[2015-09-26 13:12:03] galix621@gmail.com : ty okay
[2015-09-26 13:14:26] belcher : galix just join the irc channenl
[2015-09-26 15:01:16] belcher : could the reduced volatility of bitcoin be related to the wider availability of highly leveraged products? 20x or 50x leverage
[2015-09-26 15:03:19] BitMEX_Wally : belcher: I would say the converse
[2015-09-26 15:04:52] belcher : because near settlement date it gets more volatile?
[2015-09-26 15:08:22] BitMEX_Wally : I mean that as the volatility of bitcoin reduces, it is easier to increase the leverage
[2015-09-26 17:13:55] Dan_Evans : why do the futures here trade with such a premium while OKcoin has almost none?
[2015-09-26 17:51:02] BitMEX_Sam : Dan_Evans: The contract structure is different, our contracts have a higher upside as PNL is in Bitcoin, not USD
[2015-09-26 18:42:14] Dan_Evans : does that fully explain the dramatic difference?
[2015-09-26 18:45:37] j8 : pretty much, depends on the market's expectation about volatility in the future
[2015-09-26 18:48:55] j8 : for something like `XBTZ15` vs okc quarterly (which is the same as `XBUZ15`), if you think it will definitely settle between 200 and 300 then `XBTZ15` is overpriced from that point of view
[2015-09-26 19:09:54] j8 : details here: https://blog.bitmex.com/xbt-vs-xbu-chain/ and here: https://blog.bitmex.com/cash-and-carry-arbitrage-with-bitmex-futures/
[2015-09-26 23:03:19] j8 : BitMEX_Sam: websocket is still sending timestamps in ms... is this actually going to change?
[2015-09-27 00:41:34] BitMEX_Sam : j8: Yes, thanks for mentioning it, was waiting on an API consumer to compensate
[2015-09-27 00:45:16] BitMEX_Sam : We'll be pushing it through at 16:00 GMT tomorrow
[2015-09-27 01:08:20] j8 : ok good to know.
[2015-09-27 01:13:50] j8 : lets see if i can get my app to adapt on the fly.
[2015-09-27 01:25:00] zanza : Isn't the "cash and Carry" example flawed sine it doesn't take into account the Fair Basis normalization ?
[2015-09-27 01:26:00] zanza : Sincet he fair basis always adjusts so that mark price = settlement price + fair basis
[2015-09-27 01:28:07] zanza : Dan_Evans: you need to take into account fair basis
[2015-09-27 04:12:56] BitMEX_Arthur : zanza: Fair basis is only for accounting purposes, it has nothing to do with the actual profit or loss you make when trading futures
[2015-09-27 04:13:01] BitMEX_Arthur : It only affects unrealised pnl
[2015-09-27 05:39:57] cengel : which affects the liquidation
[2015-09-27 05:40:06] cengel : for isolate margin
[2015-09-27 05:40:37] BitMEX_Arthur : I don't understand the question
[2015-09-27 05:40:53] cengel : mark price is what triggers margin call right?
[2015-09-27 05:41:16] cengel : so if it's set weirdly and market deviates a lot from it, it can trigger margin calls
[2015-09-27 05:41:43] BitMEX_Arthur : Mark price is driven by spot movements
[2015-09-27 05:42:17] BitMEX_Arthur : We set the basis rate so that mark price resembles the last futures price
[2015-09-27 05:42:30] cengel : well you try to at leas
[2015-09-27 05:43:19] BitMEX_Arthur : There is no perfect solution
[2015-09-27 05:43:58] cengel : yea i was just adding that mark price which "only" affect unreaised pnl also is affecting something quite important :)
[2015-09-27 05:44:25] cengel : and theres been times when the mark price is $10+ deviate from best bid/offer
[2015-09-27 05:47:06] cengel : i still think your system is fine given options
[2015-09-27 05:58:06] j8 : true, it needs to adjust fast enough to avoid DPE, but not so fast that it can be manipulated
[2015-09-27 06:23:41] cengel : +1
[2015-09-27 06:27:48] BitMEX_Arthur : We are always thinking about ways to improve the situation until our liquidity is much better
[2015-09-27 06:27:48] BitMEX_Arthur : so we are open to suggestions
[2015-09-27 07:04:19] SnackyCoins : Hey Arthur, swapman just brought up a good point over @ WC if this is not already 'on the list': it would be nice if we could see when/where liquidations occur
[2015-09-27 07:18:13] j8 : i agree, this is essential. otherwise when there's socialized losses, we just have profits taken with no transparency
[2015-09-27 07:20:22] j8 : there is also an unknown 'insurance fund' accumulating from filled liquidations
[2015-09-27 07:39:01] zanza : BitMEX_Arthur: doesn't unrealized profit/loss settle each Friday, to become realized?
[2015-09-27 07:40:39] zanza : or does this only happen at the time of sale/expiry of the contract? i feel like a noob for asking but I appreciate all the good inforation you guys give
[2015-09-27 07:45:40] zanza : that DPE stuff got me all mixed up lol. So the fair basis is for accounting only, to help determine when to make margin calls and not
[2015-09-27 07:47:10] zanza : also, people are talking about this https://www.reddit.com/r/BitcoinMarkets/comments/3mj67k/is_bitmex_about_to_ban_usa_accounts/
[2015-09-27 07:58:48] j8 : it is realized at the weekly rebalance, but your position is still open and your entry price changes to the rebalance price. so still all that matters is the price you open at and the price you close at. if you're doing cash and carry, you capture the basis when you open, and the basis is 0 at settlement
[2015-09-27 08:03:44] zanza : does the fair basis rate influence the weekly rebalance?
[2015-09-27 08:08:56] zanza : https://blog.bitmex.com/bitcoin-futures-basis-trading-lesson-1/
[2015-09-27 08:12:19] BitMEX_Arthur : It influences the price at which things are rebalanced at
[2015-09-27 08:16:01] zanza : so at 21:12 @BitMEX_Arthur you said it doesn't effect profit or loss
[2015-09-27 08:16:23] zanza : but it does effect rebalance, which changes your profit and loss
[2015-09-27 08:17:34] BitMEX_Arthur : You position remains open so its just accounting
[2015-09-27 08:18:54] zanza : haha my brain is about to explode
[2015-09-27 08:19:01] zanza : i gottal sleep on this :) thanks for help
[2015-09-27 12:24:07] Bitcoingirl : hi all
[2015-09-27 12:24:18] BitMEX_Arthur : Hola
[2015-09-27 12:24:20] Bitcoingirl : i just saw there's 50x leverage on bitcoin
[2015-09-27 12:24:22] chromaticcr : yo!
[2015-09-27 12:24:40] Bitcoingirl : I think the house edge on this is lower than many bitcoin dice sites?
[2015-09-27 12:24:52] BitMEX_Arthur : Bitcoingirl: We don't take any edge, it's a pure market
[2015-09-27 12:24:56] BitMEX_Arthur : Buyer vs. Seller
[2015-09-27 12:25:16] Bitcoingirl : Yes, well, I mean bitmex fees. 0.05%
[2015-09-27 12:25:23] Bitcoingirl : Dice sites are charging ~1%
[2015-09-27 12:26:19] chromaticcr : it's free if you place order as a maker
[2015-09-27 12:27:43] Bitcoingirl : Yeah I'm thinking there can be an arbitrage opportunity here?
[2015-09-27 12:27:58] Bitcoingirl : Make a gambling site that is just a proxy for the BitMEX futures
[2015-09-27 12:28:21] Bitcoingirl : Charge a slight markup on top of bitmex's fees, and you'll still have a competitive gambling site with very low edge
[2015-09-27 12:30:19] cengel : it's called CFDs
[2015-09-27 12:30:54] Bitcoingirl : ok so if I sell something at the USD price of 233.25
[2015-09-27 12:31:16] Bitcoingirl : and when the contract expires, bitcoin is 230
[2015-09-27 12:31:38] Bitcoingirl : I get $3.25 per 100,000 units?
[2015-09-27 12:32:07] BitMEX_Arthur : times the multiplier 0.00001 Bitcoin
[2015-09-27 12:32:10] chromaticcr : XBT Contract Value = Futures Price * 0.00001 XBT (1000 Satoshi)
[2015-09-27 12:32:23] chromaticcr : You may want to have a look at this: https://www.bitmex.com/app/seriesGuide/XBT
[2015-09-27 12:33:02] Bitcoingirl : thanks
[2015-09-27 12:33:06] Bitcoingirl : are you chromaticcreative?
[2015-09-27 12:33:13] chromaticcr : yup
[2015-09-27 12:33:58] Bitcoingirl : are you doing well speculating on BTC? :)
[2015-09-27 12:34:26] chromaticcr : busying with my school stuff. not much. sideway markets anyway
[2015-09-27 12:34:45] Gemz : how do i cancel my order?
[2015-09-27 12:35:06] BitMEX_Arthur : Gemz: Are you using the Basic or Advanced UI?
[2015-09-27 12:35:32] Bitcoingirl : i deposited 5 bucks worth
[2015-09-27 12:35:40] Gemz : i haven't changed anything about the ui, i guess basic?
[2015-09-27 12:35:41] Bitcoingirl : i think altcoins are pointless and will die
[2015-09-27 12:35:50] Bitcoingirl : so ima short ltc and ether
[2015-09-27 12:36:19] chromaticcr : made a bunch back then when ETH launched here. Seriously overpriced
[2015-09-27 12:36:28] BitMEX_Arthur : On the widget below the order controls, you will se a tab with "Active Orders"
[2015-09-27 12:36:31] BitMEX_Arthur : You can close your position there
[2015-09-27 12:37:18] Gemz : i see thanks, also i have 1 contract open position, how do i make it x50 on the 24H?
[2015-09-27 12:37:55] BitMEX_Arthur : Click "Isolate Margin" on the Positions tab, it will lock up margin so you are 50x
[2015-09-27 12:38:18] Gemz : i just got filled i guess its not possible anymore to go x50 right?
[2015-09-27 12:38:34] BitMEX_Arthur : It is click "Isolate Margin"
[2015-09-27 12:38:53] BitMEX_Arthur : It will make sure your entire account balance is not used for margin
[2015-09-27 12:39:40] Gemz : isolate margin doesnt show x50 after i got filled but shows x0.23
[2015-09-27 12:40:13] Bitcoingirl : what do people think about long term us treasury bond yields
[2015-09-27 12:40:18] Bitcoingirl : will they stay at <1.5% forever?
[2015-09-27 12:40:19] BitMEX_Arthur : You will see a check box on the Positions tab next to `XBT24H`
[2015-09-27 12:42:16] Bitcoingirl : my deposit is successful yay
[2015-09-27 12:42:39] Gemz : next to xbt24h shows size -1
[2015-09-27 12:43:01] Gemz : im such a noob in this lol
[2015-09-27 12:43:12] BitMEX_Arthur : No worries
[2015-09-27 12:43:17] BitMEX_Arthur : The last column will say Isolate Margin
[2015-09-27 12:43:26] BitMEX_Arthur : you will see a check box
[2015-09-27 12:43:29] Gemz : yes
[2015-09-27 12:43:38] Gemz : 0.23x
[2015-09-27 12:43:52] BitMEX_Arthur : Is your unrealised PNL positive?
[2015-09-27 12:44:11] Gemz : it shows 0.0000 XBT
[2015-09-27 12:44:47] Gemz : i went 1 contract size -1
[2015-09-27 12:45:00] Gemz : position value 0.0023
[2015-09-27 12:46:21] Gemz : i just checked it and it turned into x50
[2015-09-27 12:46:35] Gemz : so thats good
[2015-09-27 12:46:36] BitMEX_Arthur : Ok great that means that you have locked your equity
[2015-09-27 12:47:08] Gemz : why does it change to x50.22 tho?
[2015-09-27 12:47:10] BitMEX_Arthur : You can only lose the 2% margin that you pledged for the position, the rest of your account balance will be unaffected if the price moves against you
[2015-09-27 12:47:27] BitMEX_Arthur : Because you can go up to 100x leverage before we liquidate you
[2015-09-27 12:48:04] Gemz : isnt max leverage x50?
[2015-09-27 12:48:31] Bitcoingirl : to start with yes
[2015-09-27 12:48:31] BitMEX_Arthur : Bitcoin traders like to focus on the initial margin so that is the figure we quote
[2015-09-27 12:48:35] Bitcoingirl : but the maintenanec margin is 1%
[2015-09-27 12:48:38] Bitcoingirl : Maintenance Margin 1% + Exit Commission
[2015-09-27 12:48:44] BitMEX_Arthur : the max leverage is actually 100x
[2015-09-27 12:48:45] Bitcoingirl : 1/0.01 = 100x
[2015-09-27 12:48:59] Bitcoingirl : Arthur this is the best btc casino ive found, thank you
[2015-09-27 12:49:19] BitMEX_Arthur : Bitcoingirl: Tell the world and be sure to use your referral link so you get paid for it
[2015-09-27 12:50:07] BitMEX_Sam : Morning traders
[2015-09-27 12:50:11] BitMEX_Sam : Nice to see some new names in the chat
[2015-09-27 12:50:38] Gemz : im trying to figure everything out before doing some crazy stuff lol
[2015-09-27 12:52:10] Gemz : im at x50 now although my position value shows 0.0023 xbt (i went 1 contract), should the position value be also x50?
[2015-09-27 12:52:46] BitMEX_Arthur : 0.0023 / 50 is the amount of equity you pledged for the position
[2015-09-27 12:53:36] Bitcoingirl : morning sam
[2015-09-27 12:54:13] Gemz : my isolate margin went from x50 to 50.98, is this a good thing or bad?
[2015-09-27 12:54:28] BitMEX_Arthur : That means you have an unrealised loss
[2015-09-27 12:54:35] Bitcoingirl : i dont think it really matters
[2015-09-27 12:56:31] Gemz : my entry price is 233.30 1 contract short now the price is 233.21 so i must be in profit now, tho my unrealised pnl shows -0.0000 xbt
[2015-09-27 12:57:33] Gemz : not sure why
[2015-09-27 12:58:00] BitMEX_Arthur : On the Options tab in the upper right hand corner, choose to see your account in Satoshi's
[2015-09-27 12:58:13] BitMEX_Arthur : It is because you are using Bitcoin and we offer 4 places of percision
[2015-09-27 12:58:56] Dan_Evans : these are the tightest spreads I have seen here on the weekend
[2015-09-27 12:59:14] BitMEX_Arthur : Got a few new MM in town
[2015-09-27 12:59:21] BitMEX_Sam : Gemz: I just did a quick post on this on Reddit
[2015-09-27 12:59:23] BitMEX_Sam : https://www.reddit.com/r/BitcoinMarkets/comments/3mc097/bitmex_50x_leveraged_daily_bitcoin_futures_now/cvfqcka
[2015-09-27 12:59:27] Dan_Evans : Thank you. Good work!
[2015-09-27 12:59:42] BitMEX_Sam : Basically you should expect your effective leverage to move as the market moves.
[2015-09-27 13:05:53] Gemz : thanks
[2015-09-27 13:07:24] DunningKruger : One reply to that post reckons 50x on Bitcoin should be banned. The irony.
[2015-09-27 13:07:52] Bitcoingirl : maintenance margin of 100x is even more awesome
[2015-09-27 13:08:35] belcher : anyone got any plans to use bitmex to write options?
[2015-09-27 13:08:37] BitMEX_Sam : DunningKruger: Yeah. What happens on forex markets is far crazier
[2015-09-27 13:08:49] DunningKruger : BitMEX_Sam: definitely.
[2015-09-27 13:08:58] Bitcoingirl : DunningKruger: you sound like you know a lot about finance
[2015-09-27 13:09:07] Bitcoingirl : what do you think future bond yields will be? for 30 years into the future
[2015-09-27 13:09:42] DunningKruger : Bitcoingirl: no idea.
[2015-09-27 13:11:19] Bitcoingirl : im trying to decide if i should allocate 10% of my portfolio to bonds
[2015-09-27 13:11:57] belcher : 30 years is a long time
[2015-09-27 13:12:15] belcher : 30 years in the past from now was 1985, the soviet union was still around
[2015-09-27 13:12:30] chromaticcr : I'd rather go for bonds for major banks, better yield, similar risk
[2015-09-27 13:13:16] chromaticcr : who knows where the value of USD will go after 30 yrs, if there is any
[2015-09-27 13:13:51] Bitcoingirl : thats true which is why I will have 33% in gold
[2015-09-27 13:14:08] Bitcoingirl : 7% in real estate
[2015-09-27 13:14:19] Bitcoingirl : Trying to decide if i shoud do 60% stocks or 50% stocks 10% bonds
[2015-09-27 13:15:13] Dan_Evans : I think the near term is bearish for bonds. They have had a nice run.
[2015-09-27 13:20:43] Bitcoingirl : very true. im trying to make a long term asset allocation strategy
[2015-09-27 13:21:09] Bitcoingirl : that is prepared for equity collapse, high inflation, low inflation, gold collapse, etc
[2015-09-27 13:33:03] Dan_Evans : leave silver out entirely
[2015-09-27 13:36:05] Bitcoingirl : yeah i dont have silver
[2015-09-27 13:36:15] Bitcoingirl : just equity/bonds/property/gold
[2015-09-27 13:37:30] Dan_Evans : and bitcoin right?
[2015-09-27 13:38:40] Gemz : how much volume in btc does the xbt24h have?
[2015-09-27 13:39:29] BitMEX_Sam : 607 Bitcoin in the last 24h @Gemz
[2015-09-27 13:40:01] Gemz : where can i see that
[2015-09-27 13:40:38] BitMEX_Sam : https://www.bitmex.com/app/contract/XBT24H
[2015-09-27 13:41:16] Gemz : thanks
[2015-09-27 13:42:03] Bitcoingirl : dan_evans: i consider bitcoin speculative for now instead of part of my core investment
[2015-09-27 13:42:23] Dan_Evans : fair treatment
[2015-09-27 13:47:39] Gemz : how do it add a stop and limit to my open position at the moment? when i taop on stop limit i believe i have to put another contract.
[2015-09-27 13:48:04] BitMEX_Arthur : You create a Buy Stop Limit order for 1 contract
[2015-09-27 13:50:14] Gemz : lets say i have 1000 contracts open position and want to add a limit price so when it hits and gets filled it gets me out of the trade, for this limit price do i have to put another 1000 contracts or just 1?
[2015-09-27 13:50:58] Gemz : im long btw and want to put a limit order
[2015-09-27 13:52:18] BitMEX_Arthur : So you need to put in a 1000 contract Sell Stop Limit, you specify at which price the stop order triggers, and then the limit price for the sell order
[2015-09-27 13:54:22] Gemz : i see
[2015-09-27 17:52:28] Gemz : the daily price isnt doing much it seems
[2015-09-27 20:30:36] j8 : if your stop gets hit, your "take profit" order will stay on the books though and could open the opposite position right?
[2015-09-27 20:32:25] j8 : also wondering what happens to the stop order if you take profit first
[2015-09-27 20:57:04] thisisformuchfun : hi
[2015-09-27 20:57:20] thisisformuchfun : How do I calculate this xbt stuff
[2015-09-27 20:59:08] j8 : to calculate pnl and margin, the series guide is a good start: https://www.bitmex.com/app/seriesGuide/XBT
[2015-09-27 21:00:44] j8 : if you're wondering how to arb it check out this blog post: https://blog.bitmex.com/cash-and-carry-arbitrage-with-bitmex-futures/
[2015-09-27 21:00:54] thisisformuchfun : ty bro
[2015-09-27 21:01:03] j8 : np
[2015-09-27 21:04:04] thisisformuchfun : why are the far futures so high?!
[2015-09-27 21:08:59] j8 : because the PNL is linear in btc, unlike okc futures which are linear in usd
[2015-09-27 21:11:05] j8 : over there, if you're long you have diminishing returns in btc if the price goes up
[2015-09-27 21:20:50] Gemz : i went 1 contract short at 233.30 price now is 233.44 but my unrealised PNL shows 4.3 uXBT in green so im must be in profit, although im short an the price is higher than my entry point which is weird, should i be in a loss? or do i have to look at the fair price and not the last price.
[2015-09-27 21:21:40] j8 : yeah the fair price is used for unrealized pnl and margin calls
[2015-09-27 21:21:49] Gemz : aha
[2015-09-27 21:22:45] Gemz : so when i uncheck isolate margin will my proft which is 4.2 uXBT go to available funds? i remember unchecking isolate marging does something forget what
[2015-09-27 21:23:01] Gemz : with profit i mean unrealised PNL
[2015-09-27 21:23:47] j8 : nope it's unavailable until settlement for `XBT24H`, and until fridays for the longer contracts
[2015-09-27 21:24:30] j8 : well you can realize it by closing your position, but it goes to "withheld profit" in case of socialized losses
[2015-09-27 21:25:40] Gemz : So i went 1 contract short (entry price 233.30) http://imgur.com/XH5inWf Now i want to take profit lets say at 230 and my stop at 235, do i put the 'limit price USD' at 230 and 'stop price USD' at 235? Then do i have to click on set buy stop (green bar) or set sell stop (red bar)?
[2015-09-27 21:26:39] j8 : no the stop price is where it triggers, the limit price is where the order is placed
[2015-09-27 21:28:11] Gemz : i have an open position and want to put a limit order so when the price hits that it gets me out of the trade
[2015-09-27 21:28:24] Gemz : with a profit
[2015-09-27 21:28:52] j8 : your take profit order will be a normal order under the Limit tab
[2015-09-27 21:30:28] Gemz : so if im short and my profit price to get out is 230, i got to the limit tab type 230 and clock in sell / short?
[2015-09-27 21:30:47] j8 : if you're short you need to buy
[2015-09-27 21:31:01] Gemz : right my mistake
[2015-09-27 21:31:37] Gemz : doesnt that create a whole new position instead of adding a limit to my existing open position?
[2015-09-27 21:32:19] Gemz : i thought i need to use the stop limit tab
[2015-09-27 21:32:36] j8 : you can only have one position open per contract, so if you buy the same amount as you've sold it'll close
[2015-09-27 21:33:34] Gemz : i see
[2015-09-27 21:34:12] j8 : stop limit isn't really used to take profit, unless you're already in profit, then you could use it like a trailing stop
[2015-09-27 21:36:00] Gemz : i see, so iwant to add a limit and a stop to my short position which is 1 contract, for the limit i got to limit tab type in quantity 1 and limit price 230 and press buy / long is it correct?
[2015-09-27 21:37:34] j8 : yes
[2015-09-27 21:38:31] Gemz : and for a stop i do the same but then press sell / short with a different price, so in total 3 contracts, entry price, limit and stop
[2015-09-27 21:38:56] malakas : kind of a slow day today isn't it?
[2015-09-27 21:39:02] j8 : you also need to buy for your stop
[2015-09-27 21:39:35] Gemz : o ok so limit and stop both buy/ long tab?
[2015-09-27 21:39:40] j8 : yep
[2015-09-27 21:40:12] Gemz : doesnt matter if im shorting or longing?
[2015-09-27 21:40:32] j8 : they both need to be the opposite of your entry
[2015-09-27 21:41:43] galix621@gmail.com : rofl, why does it take up to 24h to withdraw