Bitmex calculators return eroneous calculations:
A position size with high leverage, without recognizing the fees impact! The loss will be severely superior to your expected trading risk! So, the risk reaward is completely wrong, you can easily lose more than win on every trade and liquidate your capital without understanding! It's sure Arthur agrees...
Calcmex return the maximal position size assuming the type of input and output expected. In the potential loss are included your trading loss (PnL) and your tradings fees (entry and exit, maker or taker)
Check this in the picture example:
Trading loss is 93,89$
Entry fees: -3.05$ (this is a maker entry) and Exit fees: 9.15$
So total fees are: 6.10$
the total loss is 93,89$+6,10$ = 99,99$ wich correspond really with the trading risk (1% of $10 000)
== Steps ==
Go on Calmex and choose the pair you trade
You must input your money management and technical trading parameters:
Calcmex provides results in $ and Xbt:
Calcmex provides calcul verification, look at the entry fees impact:
On the position size, profit, breakeven and the most important : Riskreward!
Don't use calculators not including trading fees in calculs: impossible correct money management especially with leverage!
You can trade on Bitmex if you're Ok with your calculated riskreward (>1 is better)
I hope these tips will enhance your performance, share with all and don't waste anymore time or money!
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