$9 Billion worth trades got liquidated in last 24 hours.

leea-1334

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Quote from: Fatunad on June 18, 2021, 02:51:31 PM

Yeah, i clearly remember this one out and surprisingly into those times on where there are people whom do really believe that those people could actually able to pull it off but honestly those are just show offs and trying to pretend that they are that actually good.

Leverage is suicide if people do really just know but there are still people whom do really love to play with fire and specially newbies do really get
attracted the most.

They would cry later on when they had already burned out their money.

Yup! I remember very well because I kind of got tricked by it myself, believing the statistics and the macho talk,,, and then finding out later after wasting my time following them more closely that they are actually just as bad as me with no stop loss and confidence that died as soon as winter came. But I guess we all have to learn our lessons in the hard way to really learn them:)

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Nowadays I want to make profit from leverage trading, this is more risky than spot trading, because possible to get margin call. I did try on demo account of MT4 platform. Then I want to try first by small amount like $200. I think the most important thing in leverage trading is avoid use high leverage and take risk only 1% of balance per trade. The purpose of trading leverage is make consistently profit from Open Potition from Long and Short although we can make profit only 20% monthly. Greedy is big enemy in leverage trading.

ubercool

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Margin trading and future trading is too much risky. A stop loss for every trade is must and in a market fluctuation like this, it is best to not trade and leave trading for sometime. If you have alts and your positions is at loss then hold them for sometime.

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Quote from: Inspiron14 on June 19, 2021, 04:58:05 PM

so the importance of using stop loss is this, to keep it away from liquidation,
it is very unfortunate if your money is liquidated in futures trading, because futures trading is high volatility.
I have played there and got liquid $400 in a day, imagine that is the result of my trading for one week and lost with one trade

Losing your money is much easier than making a profit. I managed to partially leave the market, but still my spot position looks sad. Usually at such moments, I decide that a stop loss should be set not only for margin trading, but also for spot trading. I hope I will stick to this rule in the future.

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Quote from: aditasetia123 on June 14, 2021, 07:24:44 PM

Quote from: tvplus006 on June 14, 2021, 01:04:04 PM

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Damn thats a lot of money being liquidated in just 24 hours what wrong with those people they are entering trades with no enough knowledge this past few days market has been too very volatile and doing trades is too risky no perfect TA can tell whether its right or wrong direction Spot market is more favorable atleast no liquidation unlike leverage.

Yes, indeed, liquidations occur every day and in the case of increased volatility, these amounts amount to billions of dollars. In the last few days, when the price of bitcoin began to increase, the positions of those who continue to believe that the market has changed to a bearish one are being liquidated.

in each trend there will alot liquidation that will happen, some people make right position with trend but some of them againts this trend and finally liquidated. market volatility really dangerous if we could not identify the trend , our money will gone due of this reason.

so the importance of using stop loss is this, to keep it away from liquidation,
it is very unfortunate if your money is liquidated in futures trading, because futures trading is high volatility.
I have played there and got liquid $400 in a day, imagine that is the result of my trading for one week and lost with one trade

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Quote from: leea-1334 on June 18, 2021, 09:41:51 AM

Quote from: justdimin on June 17, 2021, 02:35:47 PM

However there are noobs who do not know how things work properly and why do you think they still trade? Because they see that others get super rich with leverage and they all dream about getting rich the same way. Last year there was a guy who started trading with like 70k dollars and turned that into 1 million dollars in less than 6 months or so using leverages, he just kept buying longs and that's it. Which is why I think it is quite obvious that we need to make sure people realize that these moves are dangerous for noobs, but not like every veteran has to say that, so we need to collectively let people know when they first come in.

Or even non noobs,,, veterans who only ran their months during rallies like in 2017 and who thought they were invincible. Start even opening trading groups and charging premiums only to discover during the crypto winter they cannot actually scalp even with extra volatility.

Leverage is the quickest way to find out the posers in my opinion;)

That's true, veterans did use it but there were at least a few of them that made money so I didn't want to include that, the real true veterans who know what they are doing could use leverage and they could make profit or maybe lose money but at least they know what they are doing. Compare that to newbies all of which have no idea what they are doing then you know how horrible the situation is for the bottom of the trader list.

I personally never used leverage trading in my entire life and I have been around for over 8 years now, think about how long of a time that is, I have been around for over 80 percent of entire bitcoin history and I have never used leverage because I just do not trust myself enough and that type of awareness should be available to everyone but they just ignore that and go for the richess over night and that is why they lose.

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Quote from: Fatunad on June 18, 2021, 02:51:31 PM

Yeah, i clearly remember this one out and surprisingly into those times on where there are people whom do really believe that those people could actually able to pull it off but honestly those are just show offs and trying to pretend that they are that actually good.

Leverage is suicide if people do really just know but there are still people whom do really love to play with fire and specially newbies do really get
attracted the most.

They would cry later on when they had already burned out their money.

It's quite understandable why newbies would want to go for leverages as opposed to going for the normal spot trading that is recommended for newbies and beginners akin. During the early days when I first started trading, futures trading wasn't a thing in crypto so I had to focus on the hard way to make trades in order to get a tangible profit. These days, it's not like that. Considering how easy it is to get carried away by those profit screenshots from Binance and Kucoin, I'm not very surprised that most people who just started their crypto journey are eager to trade futures even with little to no trading experience.

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Quote from: leea-1334 on June 18, 2021, 09:41:51 AM

Quote from: justdimin on June 17, 2021, 02:35:47 PM

However there are noobs who do not know how things work properly and why do you think they still trade? Because they see that others get super rich with leverage and they all dream about getting rich the same way. Last year there was a guy who started trading with like 70k dollars and turned that into 1 million dollars in less than 6 months or so using leverages, he just kept buying longs and that's it. Which is why I think it is quite obvious that we need to make sure people realize that these moves are dangerous for noobs, but not like every veteran has to say that, so we need to collectively let people know when they first come in.

Or even non noobs,,, veterans who only ran their months during rallies like in 2017 and who thought they were invincible. Start even opening trading groups and charging premiums only to discover during the crypto winter they cannot actually scalp even with extra volatility.

Leverage is the quickest way to find out the posers in my opinion;)

Yeah, i clearly remember this one out and surprisingly into those times on where there are people whom do really believe that those people could actually able to pull it off but honestly those are just show offs and trying to pretend that they are that actually good.

Leverage is suicide if people do really just know but there are still people whom do really love to play with fire and specially newbies do really get
attracted the most.

They would cry later on when they had already burned out their money.

leea-1334

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Quote from: justdimin on June 17, 2021, 02:35:47 PM

However there are noobs who do not know how things work properly and why do you think they still trade? Because they see that others get super rich with leverage and they all dream about getting rich the same way. Last year there was a guy who started trading with like 70k dollars and turned that into 1 million dollars in less than 6 months or so using leverages, he just kept buying longs and that's it. Which is why I think it is quite obvious that we need to make sure people realize that these moves are dangerous for noobs, but not like every veteran has to say that, so we need to collectively let people know when they first come in.

Or even non noobs,,, veterans who only ran their months during rallies like in 2017 and who thought they were invincible. Start even opening trading groups and charging premiums only to discover during the crypto winter they cannot actually scalp even with extra volatility.

Leverage is the quickest way to find out the posers in my opinion;)

justdimin

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Quote from: leea-1334 on June 17, 2021, 11:56:59 AM

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As I said using leverage requires people who really have knowledge and experience, meaning they can manage the use of leverage properly.
While beginners will be more emotionally affected when trading with leverage, which ultimately makes their capital run out. Therefore, for beginners,
I recommend mastering spot trading first before deciding to use leverage, which is not as easy as we think.

Also what beginners hardly realize is almost nobody checks for leveraged trading records. I have seen them and they are extemely tight. Very low percent of capital,,, many many trades but also very close stop losses, and very moderate takes on profit exit. People make a lot of mistakes to ride out their gains by a lot and then suddenly a few non-stoploss trades can completely wipe you out.

If you know what you are doing you will be capable of doing exactly that, you would be putting in stop loss and you would be basically making sure that you do not lose all of your money and get liquidated, that is a very important part of leverage trading (also normal trading too).

However there are noobs who do not know how things work properly and why do you think they still trade? Because they see that others get super rich with leverage and they all dream about getting rich the same way. Last year there was a guy who started trading with like 70k dollars and turned that into 1 million dollars in less than 6 months or so using leverages, he just kept buying longs and that's it. Which is why I think it is quite obvious that we need to make sure people realize that these moves are dangerous for noobs, but not like every veteran has to say that, so we need to collectively let people know when they first come in.

leea-1334

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Quote from: ?? on ??

As I said using leverage requires people who really have knowledge and experience, meaning they can manage the use of leverage properly.
While beginners will be more emotionally affected when trading with leverage, which ultimately makes their capital run out. Therefore, for beginners,
I recommend mastering spot trading first before deciding to use leverage, which is not as easy as we think.

Also what beginners hardly realize is almost nobody checks for leveraged trading records. I have seen them and they are extemely tight. Very low percent of capital,,, many many trades but also very close stop losses, and very moderate takes on profit exit. People make a lot of mistakes to ride out their gains by a lot and then suddenly a few non-stoploss trades can completely wipe you out.

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Quote from: tvplus006 on June 14, 2021, 01:04:04 PM

Quote from: ?? on ??

Damn thats a lot of money being liquidated in just 24 hours what wrong with those people they are entering trades with no enough knowledge this past few days market has been too very volatile and doing trades is too risky no perfect TA can tell whether its right or wrong direction Spot market is more favorable atleast no liquidation unlike leverage.

Yes, indeed, liquidations occur every day and in the case of increased volatility, these amounts amount to billions of dollars. In the last few days, when the price of bitcoin began to increase, the positions of those who continue to believe that the market has changed to a bearish one are being liquidated.

They are aware of the market and they know the risk of futures trading, it just happened that the price of Bitcoin that time suddenly crash within a day and Billions of money got liquidated instantly because some traders didn't sell right before the market crash. The price of Bitcoin is unpredictable, especially if it's being manipulated by the whales, I hope if you are one of those who got liquidated learned the lesson, always monitor your risk and don't hesitate to sell even at a small loss.

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Quote from: tvplus006 on June 14, 2021, 01:04:04 PM

Quote from: ?? on ??

Damn thats a lot of money being liquidated in just 24 hours what wrong with those people they are entering trades with no enough knowledge this past few days market has been too very volatile and doing trades is too risky no perfect TA can tell whether its right or wrong direction Spot market is more favorable atleast no liquidation unlike leverage.

Yes, indeed, liquidations occur every day and in the case of increased volatility, these amounts amount to billions of dollars. In the last few days, when the price of bitcoin began to increase, the positions of those who continue to believe that the market has changed to a bearish one are being liquidated.

in each trend there will alot liquidation that will happen, some people make right position with trend but some of them againts this trend and finally liquidated. market volatility really dangerous if we could not identify the trend , our money will gone due of this reason.

tvplus006

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Quote from: ?? on ??

Damn thats a lot of money being liquidated in just 24 hours what wrong with those people they are entering trades with no enough knowledge this past few days market has been too very volatile and doing trades is too risky no perfect TA can tell whether its right or wrong direction Spot market is more favorable atleast no liquidation unlike leverage.

Yes, indeed, liquidations occur every day and in the case of increased volatility, these amounts amount to billions of dollars. In the last few days, when the price of bitcoin began to increase, the positions of those who continue to believe that the market has changed to a bearish one are being liquidated.

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I had been here for a years in crypto space in terms of trading. But I never try to use leverage tools for me to earn a lot, because I know
this one is too risky to use. It needs a lot of knowledge and skills of understanding for us to earn in it. Meaning, this is only applicable for the expert one that's all I can say.

What you are doing is correct, by not trying to use leverage tools that have a very big risk. Especially for people who don't have good knowledge
and skills about trading, we should not dare to try trading using leverage. What we can lose is the capital we have, I agree that only experts
and experienced in the world of trading are advised to trade using leverage.

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Quote from: crzy on June 12, 2021, 10:18:16 AM

Quote from: tvplus006 on June 12, 2021, 08:32:05 AM

Given the high volatility of the cryptocurrency market, it is not surprising that every day a large number of traders who have margin positions receive the liquidation of their orders. On the last rise of BTC, there were about 1 billion liquidations already for those who opened their orders in short.

That's the risk of margin trading, you don't control that much the result of trading and anything can happen in just instant. The market is very volatile, there's always a risk so invest only if you can afford to lose that money. There's a lot of sad stories from the previous liquidation, if you don't want that to happen to you, just make sure to take only the risk based on your risk appetite, and don't be greedy.

You guys are right. Margin liquidation has become quite common in past few weeks. Even I have lost more than 75% of my money in my futures account.
Although I had just deposited around $250 in futures account it still shows how not using proper stop loss and high leverage can result in high losses.
I have currently taken a break from trading until the market trend changes.
Right now I believe the market is going sideways and so it's better of not to trade at all and wait for the new trend to begin.

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Quote from: tvplus006 on June 12, 2021, 08:32:05 AM

Given the high volatility of the cryptocurrency market, it is not surprising that every day a large number of traders who have margin positions receive the liquidation of their orders. On the last rise of BTC, there were about 1 billion liquidations already for those who opened their orders in short.

That's the risk of margin trading, you don't control that much the result of trading and anything can happen in just instant. The market is very volatile, there's always a risk so invest only if you can afford to lose that money. There's a lot of sad stories from the previous liquidation, if you don't want that to happen to you, just make sure to take only the risk based on your risk appetite, and don't be greedy.

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The volatility of the market in recent periods is very unpredictable, inexperienced investors will fall into a state of panic when the market goes down and when it pumbs they regret not buying more so. My advice to investors at this stage is to wait for more stable signals of BTC.

tvplus006

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Given the high volatility of the cryptocurrency market, it is not surprising that every day a large number of traders who have margin positions receive the liquidation of their orders. On the last rise of BTC, there were about 1 billion liquidations already for those who opened their orders in short.

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Quote from: wxa7115 on June 02, 2021, 02:43:01 PM

However even something as small as 2x leverage would be enough to wipe out your capital with a 50% drop, anything higher than that and you are risking your whole capital in a single trade and since sometimes stop loss orders do not get executed immediately then you could lose way more money than what you wanted in that trade, so while I am sorry for those people at the same time they deserve to lose their capital as they were irresponsible with it.

If a person uses 2x leverage, this does not mean that a 50% drop will eliminate him. This statement will be true if he entered the deal with all his money. But, as a rule, people who use such small leverage trade at 1/10 of their balance and above. These are all sorts of beginners who usually use their entire deposit and high leverage. And an experienced trader always strives to reduce risks, including leverage. I've rarely met newbies using less than 10x. So, when a margin trader who uses x2 leverage, the price approaches the liquidation zone, he can easily use such a technique as position averaging, because he has a lot of free money on his balance.

And he will do it, because the market after such a correction always goes in the opposite direction, which means that the chance to make money on such a seemingly unsuccessful deal increases.

Correct, what I said only applies if the trader goes all in with his capital and does not use a stop loss, obviously doing such a thing will be irresponsible but this is common for newbies that do not know what they are doing.

It is because of this that leverage trading is indicated only for expert traders, traders that have been in the market for a few years and have demonstrated to themselves their strategies work and now they are looking to maximize their profits while keeping their risk under control.

Topic: $9 Billion worth trades got liquidated in last 24 hours. (Read 741 times)