Topic: 50x in 5 days on BTC swap on Okex - page 2. (Read 640 times)
A rare success story, no doubt. However, you need to understand that without good trading skill and a share of luck, such adventures will most often end in failure. The amount of $ 50 is pretty small to regret breaking up with her, but someone can spend significantly more in the hope of quickly creating a bankroll. Better to grow slowly but surely.
To anyone who want to try just like OP did, make sure you read about he was almost lost all his money when it dropped so deep (from $750 to only $50). You should aware about the risk, not only because of high return
Guys, I've started profile on trading view, making some predictions there. Although it is in russian, charts are clear and there is no efforts in reading it.
So check out my predictions
This is last one, take a notice that I've predicted 2-3 days in advance a crash of btc to 8200 . And check out where buy back started, directly in a green zone I point out.
So check out my predictions
This is last one, take a notice that I've predicted 2-3 days in advance a crash of btc to 8200 . And check out where buy back started, directly in a green zone I point out.
Your success story may inspire a lot of people, especially new ones. But they also need to be warned about those who have lost all their assets because of margin trading with high leverage, the sad thing is, many people lose everything but few share their stories.
Why would you share your bad experience if it's only bring back those mistakes that you've committed? Most of the time, good memories are there to inspire us not to lose hope and keep trying to find your place inside this market, the opportunities for those who are really aiming to be successful from this venue of investment. Don't lose hope but also keep in mind that it's not only luck or only by chance, it also needs to be accompanied by dedicationand focus to strive higher. Starting from 70x leverage
Congratulations!
That is an incredible gain from $50 to $5000. I just have some questions, why use Okex? I'm thinking of gambling $50 myself and am looking at exchanges where i can do 100x leverage (just a fun experiment to see what happens!). Also, do you have any specific tips on how to time the buys?
always. This is a gambling part of our brain. I want to try also. But it requires strict discipline and MM. I'm sure many advanced traders from this forum branch can do it . Competition? Starting from 70x leverage
Congratulations!
That is an incredible gain from $50 to $5000. I just have some questions, why use Okex? I'm thinking of gambling $50 myself and am looking at exchanges where i can do 100x leverage (just a fun experiment to see what happens!). Also, do you have any specific tips on how to time the buys?
margin trading is really a game of chance, it can help you get rich momentarily but it can also make you get poor very fast. This is not a good way to trade and can save you lots of money forever.
When a trend is identified, we should bet strongly, but if the trend is unknown, we should not make the transaction to avoid losing everything.
When a trend is identified, we should bet strongly, but if the trend is unknown, we should not make the transaction to avoid losing everything.
Your success story may inspire a lot of people, especially new ones. But they also need to be warned about those who have lost all their assets because of margin trading with high leverage, the sad thing is, many people lose everything but few share their stories.
I agree, in most cases high leverage is a pure gambling.
If this is pure gambling then you can say that you don't need skill to be able to read chart?
But it is a chance for small traders to accelerate your portfolio.
Yes this is a chance to gain your portofolio or vice versa, because you can lose all the fund immediately in one action.
I consider it as a challenge as well. So I want to beat my previous x100 record and make a new one. Or repeat it on bigger amount. Like 5000$ - 50000$ challenge
I hope you lucky again with next challenge. Read all you story if you lose then it's not a problem because you already gain much profit before. So what you can get from this story? Everything is possible, but don't be inspired by my story too much, because you can lose your funds on margin trading as well!
True this is one very important aspect people have to note especially when it comes to Margin trading and also trade what one can afford to lose to avoid depression in case everything gets liquidated.
I am yet to learn a lot more about margin trading before i start trying it out too. I have been doing the other normal crypto trades for a while now.
Personally i did a test trade on bitmex with just 150 USD last week.
Max leverage i used was x25. I managed to turn it into 500 USD within 3 days and this was with very little effort and just a few trades that i did with caution.
I really believe OP when he says he made X50. It's very possible on a trendy market.
Max leverage i used was x25. I managed to turn it into 500 USD within 3 days and this was with very little effort and just a few trades that i did with caution.
I really believe OP when he says he made X50. It's very possible on a trendy market.
After talking with experienced traders, I learned their opinion on this matter. This is pure gambling.
If it’s relatively safe to do such things with a small amount, then with big money there is a risk that the exchange may forcibly liquidate your orders under certain circumstances, and you can prove nothing.
This is the opinion of major traders trading on Binance.
I agree, in most cases high leverage is a pure gambling. But it is a chance for small traders to accelerate your portfolio . I consider it as a challenge as well. So I want to beat my previous x100 record and make a new one. Or repeat it on bigger amount. Like 5000$ - 50000$ challenge If it’s relatively safe to do such things with a small amount, then with big money there is a risk that the exchange may forcibly liquidate your orders under certain circumstances, and you can prove nothing.
This is the opinion of major traders trading on Binance.
After talking with experienced traders, I learned their opinion on this matter. This is pure gambling.
If it’s relatively safe to do such things with a small amount, then with big money there is a risk that the exchange may forcibly liquidate your orders under certain circumstances, and you can prove nothing.
This is the opinion of major traders trading on Binance.
I think traders on Binance does know nothing about margin trading. Better to ask Bitmex traders. And yeah, 100x seems like pure gambling, moreover some people are becoming addicted on such trading and it is disasterIf it’s relatively safe to do such things with a small amount, then with big money there is a risk that the exchange may forcibly liquidate your orders under certain circumstances, and you can prove nothing.
This is the opinion of major traders trading on Binance.
After talking with experienced traders, I learned their opinion on this matter. This is pure gambling.
If it’s relatively safe to do such things with a small amount, then with big money there is a risk that the exchange may forcibly liquidate your orders under certain circumstances, and you can prove nothing.
This is the opinion of major traders trading on Binance.
If it’s relatively safe to do such things with a small amount, then with big money there is a risk that the exchange may forcibly liquidate your orders under certain circumstances, and you can prove nothing.
This is the opinion of major traders trading on Binance.
Small update:
I achieved +4000$ more, but then lost money on yesterday dump. But prior to that I cashed out profit (more than 5000$),so I am satisfied
Now I have like 250$ on my account, will be trying to get rich or get liquidated
You can't always be right. It's good to see someone for once admit being wrong. The dump yesterday could just as easily be a pump. The only certain thing was that there would be a breakout.I achieved +4000$ more, but then lost money on yesterday dump. But prior to that I cashed out profit (more than 5000$),so I am satisfied
Now I have like 250$ on my account, will be trying to get rich or get liquidated
I predicted Bitcoin will crash soon since almost all indicators show a bearish momentum so I place a 100x short with just $100 around $10,200 and just closed it at exactly $9,321. I'm rich now. 
Not sure if this is sarcasm or you actually being serious, but it's highly unlikely for someone to short and catch the perfect bottom. The indicators weren't even that bearish at all, more like neutral prior to the dump. If you really believed that the momentum shifted bearish, I wonder why you didn't go short before that? The short squeeze to ~$10,600 a few days ago would offer a solid setup to do so.
Small update:
I achieved +4000$ more, but then lost money on yesterday dump. But prior to that I cashed out profit (more than 5000$),so I am satisfied
Now I have like 250$ on my account, will be trying to get rich or get liquidated
I achieved +4000$ more, but then lost money on yesterday dump. But prior to that I cashed out profit (more than 5000$),so I am satisfied
Now I have like 250$ on my account, will be trying to get rich or get liquidated
Quote
Starting from 70x leverage
Nice results but even with an optimal trading strategy, starting with this kind of leverage will often result in multiple liquidations before you can start building your capital up and lowering your risk. If you didn't blow up your initial $100 deposit at least a couple times at 70x I'd be amazed.
Most people will fail pretty miserably trading with this kind of leverage. Anything beyond 10x is getting into gambling territory.
Good success story. And with luck on your side, you turn your money big time and that is good to hear. I mean when we go around the forum, we hear beginners complaining about losing their money here. But this time it was pleasant to read. Yes, we can be inspired by your story but for others it will be a different result.
I think that the op should have put “beginners beware” at the start of his message before some newbies will think that it is that easy to trade , because days is really not a wasted time, even if he said he wasted 2 out of it, to turn such amount of money that high? He must really be at the peak of pro traders, I mean, he must be one of the bosses of trader. Trading normally itself is not easy and has lot of tension which you also have to be careful because of the risk involve, now we are taking of leveraging that high. I am sure that there are many people that would have already gen up at that first two day. Leveraging is really a risky strategy and I myself would not have dare risk more than 2x to 10x on any of my trade if I have to use.
If this is real then huge applause for the OP's bravery for risking with his capital but its almost not possible for everyone so be careful even with these kind of trading and even OP mentioned it.Marigin trading or binary trading or any kind of huge leveraged trading is just the another form of gambling so we can make it when we are lucky or just come up with the next time with the hope of making it.
Exactly, first time that I saw members here showing his trading skills with some luck and risk taking. I'm not into margin trading to be honest, but with this kind of post, it gets me intrigue and probably would like to take my hands dirty here. Will probably not risk that high though, just wanted to learn how it really works and I'm more willing to lose my some money just to understand this system. But great job indeed.
If this is real then huge applause for the OP's bravery for risking with his capital but its almost not possible for everyone so be careful even with these kind of trading and even OP mentioned it.Marigin trading or binary trading or any kind of huge leveraged trading is just the another form of gambling so we can make it when we are lucky or just come up with the next time with the hope of making it.
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