Topic: 50x in 5 days on BTC swap on Okex - page 3. (Read 640 times)

You can't be lucky and at the same time being a good trader. He seems to know what he is doing so this guys has tons of experience and knowledge that's why he made the big risk here. And take note the high leverage here, not for noobs. Newbies won't even go that high and even if they it will be very painful for them in the end because of the big risk. Anyways, I'm sure that the OP don't want to brag about his exploits here, but teaching us a big lesson that we can all make money here if we have the tools and experience.

Great job, I can only congratulate you. You gave me food for thought. I looked at your original post and saw the proofs of your deals there. It looks like you are a really good trader or just a lucky guy.
Good luck anyway. Such a strategy is extremely risky. To apply it, you need to have a good store of experience and knowledge.

Is a nice trading experience that you have shared. One point where you said you wasted time reaching your target in five days instead of 3 days because you were tilted or delayed, I tell you you didn't waste time. You made good money with that 5 days, many traders to get that.

And you showed enough patience and rebuild you capital to gain , cudos to you.

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.

---

That is also my thoughts, leverage is hight, but I think the OP is well versed and had previous experienced that they he really knows the risk and mitigate it instantly, so from 70x-40x. I think this is not for beginners though because of the risk involved. But as the OP says, he just wanted to show that it can really be done.

To be honest is very extraordinary from what you have achieved, but I don't think I would have been able to take such a risk. Trading like a bet for me and risk is very high, maybe you were lucky yesterday to get that much profit. But I really appreciate your courage to take risks because few traders are able to take risks as high as you.


Right, trading like that is only done by professional people. For a newbie it is not advisable to trade like that unless they want to gamble from their trade.

holy! If this is a true story, you really are a very talented person. But can you share more about your trading method? Or what kind of books have you read to gain such practical knowledge and application?

i am coming to your dm. i need a step by step details on how this Perpetual swap trade works.

Your trading success story is a combination of courage and luck, because you could lose everything as you say from $750 to $50 but in 5 days being $5000 is great. stories like this can be a motivation for novice traders but at the same time a trap for those who are not keen to read it that they end up losing money. Every trading method has its own risks so don't expect big profits if the risk is very small.

It is not connected with growing price of bitcoin. Actually bitcoin price was fluctuating and as you know I was lucky to achieve this result within 5 days.
But yeah, trading isn't for everyone and investing in bitcoin and altcoins is better strategy for most of holders

@OP, You'll be lucky during that time cause after you started to invest the price of Bitcoin going high day by day. And I may think that it won't happen again this time. Trading is somewhat worth to trust of what we are doing and confidently thinking that may we have a luck every day but it can't and reality remains. 

The moment I saw that you mentioned increasing such little amount of money to that much, I knew that you had leverage high, and you confirmed it by those leverages you mentioned which the risk you took there was such a every high one, anyway, I love people that knows how to take risk though, but we still need to be very careful because every day is not Christmas.

During the time of forex, that was how I used leverage too till I abused it and the effect of it was too bad that I swore never to return to trading again, but crypto trading being a new one, I came to see if my experienced can be used and that is why I am still trading crypto till date but I will never lay my hands on leverage trade again, leveraging is great, but it has to be done carefully.

You managed to achieve a good result, I heard about such cases, but you could not be lucky and you would lose all the money invested. Margin trading is a convenient tool, but it is risky at the same time and there are many examples of people losing money. Therefore, if you use these tools, you need to allocate a small part of your budget.

Your title is wrong, @OP. It should be 100x in 5 days... since you said this  

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

---

Congrats for OP

Margin is some sort of gambling if you dont know on what you are doing.There are lots of inspirational stories about success on getting huge profits on trades but we didnt know on what are the things behind before they able to attain it and sometime we do think that this one do need some sort of luck. High risk= High reward as always.Im not risking too much on leverage ones yet my maximum is still on 5x and not going beyond those numbers.

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.

I started from 100$ and finished with 5000$ within 5 days on margin trading!

My previous record was  turning 0.1 btc in 4 btc within 2 weeks on Okex futures, that time BTC was around 3500$.

So how it was? I deposited $ 100 on Okex on August 15 and began to trade BTC perpetual swaps with big leverage. Starting from 70x leverage I decreased it to 40x moving to 20x as deposit was growing.
As I results I gained 5000$ within a short period of time.

But if you are trying to repeat this, then you need to be aware that you can easily lose your funds. It almost happened to me:
On the first day, I reached $ 750 and then at night BTC dropped by 600 points within an hour. These moments I do not wait for the liquidation. I take actions. I closed part of the position to get the liquidation point far away.
Better continue to trade rather than lose everything at the moment.

As a result of this dropdown, I had about $ 50 left and huge position on BTC perpetual swap. I was ready to close even more contracts and my finger was ready to do that. Thanks to god it was bottom point.

And I turned that $50 in $ 5,000 for following 5 days. By the way, after a drawdown almost all trades were profitable. Frankly speaking I almost reached this target for 3 days, but then I got tilted and lost on some trades, so I had to waste more time to achieve this goal.

Each of you who doesn't believe me , you can ask in DM and I will share trading report from my dashboard.

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!

This is my original post in Russian https://bitcointalksearch.org/topic/m.52221620