Topic: A little sad story - page 5. (Read 670 times)
We suffer to learn about things when lessons are learned from mistakes, we grow our experience I believe you will not take such steps again in the future. Just move on better days ahead.
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Mistake created lesson comprehended. Leveraged trading is more like a gambling game in which the result is just a chance and not guaranteed but one thing is sure you'll never be professional if you don't make mistake, you just need how to learn from it and use it to profit your next trading.
Having said that, also understand the particular trading that's good for you and just trade leverage because of the profit involved.
Having said that, also understand the particular trading that's good for you and just trade leverage because of the profit involved.
So I got some bonus from bybit.
I longed btc at first with 50x leverage (you do that with 'free' money), but since it was on the rise for last few days, thought it will dip and closed the long, opened short.
Got liquidated soon after.
Had I not closed the long, I would be in several double digit thousands of dollars profit today.
Rip
I longed btc at first with 50x leverage (you do that with 'free' money), but since it was on the rise for last few days, thought it will dip and closed the long, opened short.
Got liquidated soon after.
Had I not closed the long, I would be in several double digit thousands of dollars profit today.
Rip
This is how you gain experience in trading.You lose money,while you learn...
Using leverage is a great risk.It's more like gambling,rather than trading.You have to resist the inner desire to "leave the table" with your current profits and you have to wait for the right moment to play your cards.
Some traders get overconfident after a few successful trades.They think that they can read the market,until the market punishes them in the end.
I guess that's why crypto exchanges offer bonuses.They want to incentivize risky crypto trading.
you should not blame your self since ... this can happens very often! playing with bonus doesn't really help in these situations.
trading seems easy at a first glance but requires a lot of experience and calm for manage stressing situation.
btw see this situation as a "trading lesson" despite the missing profit. Next time you will setup a better scheme to achieve at least a small profit
I agree, no sense feeling sad for the money that you never had in the first place, I would move on and let all of it go and keep moving forward, I mean that is the only way in this life, we are coded in a way that we continue to pursue further as long as we live. @bitbollo is right, it might not be the right time to achieve a profitable trade, maybe there is something better at store. trading seems easy at a first glance but requires a lot of experience and calm for manage stressing situation.
btw see this situation as a "trading lesson" despite the missing profit. Next time you will setup a better scheme to achieve at least a small profit
Eh, as a trader, such experiences should rather be quite normal ngl, since trading is like a black hole for your money. It basically happens all the time, after all, you can't really expect to profit all the time. Might as well move on, though if you're not a regular trader, this could be a good time to think of whether you would continue or not, after all, it is rather difficult to enter the market when you're just going to lose money. Nice little experience, definitely not enough to let you judge it right next time though, so goodluck with that.
I am sure many of us have almost the same experience as you. We become greedy when we see the profit become bigger, and we do not close the trading instead waiting for more, just expecting that the price will still increase more. If we always remember that the price can't always increase more, we will close the trading and wait for the next opportunity because after the price reaches the high price, it will go down to short the price and make additional profit.
Use that experience as your lesson to get the same experience that will make us lose money. We can use that for our lesson to stay away or reduce the loss for the other member.
Use that experience as your lesson to get the same experience that will make us lose money. We can use that for our lesson to stay away or reduce the loss for the other member.
you should not blame your self since ... this can happens very often! playing with bonus doesn't really help in these situations.
trading seems easy at a first glance but requires a lot of experience and calm for manage stressing situation.
btw see this situation as a "trading lesson" despite the missing profit. Next time you will setup a better scheme to achieve at least a small profit
trading seems easy at a first glance but requires a lot of experience and calm for manage stressing situation.
btw see this situation as a "trading lesson" despite the missing profit. Next time you will setup a better scheme to achieve at least a small profit
Truly, sad story buddy better luck next time every gambler hard a similar experience in the past just learn your lessons and move on shit happens.
Hopefully next time your buying and selling will bring you more successes. You are not the first person and will not be the last that has gone through this situation.
Imagine all of those people that had thousands of Bitcoins years ago but traded them for other useless crypto when they were being mass created only to see their investments collapse, or those that see the current $60,000 price but sold at $30,000 a few months ago or sold at $5000 at precisely two years ago.
These things unfortunately do happen but at least we live to try another day. I hope you get your double digit profits soon
Imagine all of those people that had thousands of Bitcoins years ago but traded them for other useless crypto when they were being mass created only to see their investments collapse, or those that see the current $60,000 price but sold at $30,000 a few months ago or sold at $5000 at precisely two years ago.
These things unfortunately do happen but at least we live to try another day. I hope you get your double digit profits soon
So I got some bonus from bybit.
I longed btc at first with 50x leverage (you do that with 'free' money), but since it was on the rise for last few days, thought it will dip and closed the long, opened short.
Got liquidated soon after.
Had I not closed the long, I would be in several double digit thousands of dollars profit today.
Rip
I longed btc at first with 50x leverage (you do that with 'free' money), but since it was on the rise for last few days, thought it will dip and closed the long, opened short.
Got liquidated soon after.
Had I not closed the long, I would be in several double digit thousands of dollars profit today.
Rip
So I got some bonus from bybit.
I longed btc at first with 50x leverage (you do that with 'free' money), but since it was on the rise for last few days, thought it will dip and closed the long, opened short.
Got liquidated soon after.
Had I not closed the long, I would be in several double digit thousands of dollars profit today.
Rip
I longed btc at first with 50x leverage (you do that with 'free' money), but since it was on the rise for last few days, thought it will dip and closed the long, opened short.
Got liquidated soon after.
Had I not closed the long, I would be in several double digit thousands of dollars profit today.
Rip
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