Topic: Disappointment or blessing? (Read 75 times)
You really got lucky there, maybe if I were you I would stop and not want to deposit my money back after that loss. But yeah we can't always hope for luck like that, because it will only happen a few times, so it's better to be more careful in trading and always make sure that the risk of the trade is bearable because sh*t can happen anytime, especially in shitcoin trading.
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Some disappointments can be blessing.
Sometimes we get lucky and things go our way, but that doesn’t mean it’ll happen again next time. This kind of luck can happen in all areas of life, not just trading. For me, it’s always better to play it safe because these moments are not common, and we can easily chalk them up to chance. Usually, mistakes don’t work out in our favor, and we end up taking losses.Some disappointments can be blessing.
But at least, OP got a chance to learn and be more careful moving forward. This just proves that luck does come into play in trading—if it weren’t for a bit of luck, you’d probably be looking at some serious losses.
Let this be a reminder to stay focused when trading. Your time and attention should be dedicated to what you’re doing!
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Man that's so ballsy of you to be shorting a $17m marketcap token with $3m daily volume on Binance lol. This thing's guaranteed to spike up and down.
For real men, shit tokens with low marketcap with hype tends to have an insane price swing for a short period of time. I witnessed shitcoin like this increase 200% within a day then erase all the gains a day after the hype.
Traders of this kind of token knew what they are trading as high volatility that’s why price swing usually so high both ways. OP is very lucky to have temporary stop on trading due to problem until the price pivot downward in favor to his position.
No offense, but Bro you're not trading, you're gambling 
And if you gamble long enough, you always see these kinds of incidents of chance even out. It's like playing at casino or live sports. I place a bet, but the dashboard keeps rejecting it especially for live games. Sometimes, the result changes in my favor, sometimes not.
So sometimes frustration, sometimes blessing in disguise.
A proper trade is always using limits, stops, and on balance you already predetermined.
GL, but if you gamble, remember, don't expect the money back
And if you gamble long enough, you always see these kinds of incidents of chance even out. It's like playing at casino or live sports. I place a bet, but the dashboard keeps rejecting it especially for live games. Sometimes, the result changes in my favor, sometimes not.
So sometimes frustration, sometimes blessing in disguise.
A proper trade is always using limits, stops, and on balance you already predetermined.
GL, but if you gamble, remember, don't expect the money back
It's clearly a hectic trading day for you, OP. It could be stressful, but it turned out great for you in the end. That's the unpredictability of life, maybe especially the deposit that you made. It's good that there are recoveries for those wrongful deposits.
You need to be lucky to make a profit from a currency that changed from $6.5 to $14.7 in less than 30 minutes, you were lucky today but you won't be lucky always (unless your trading strategy is high risk, no profit guaranteed trading)
Sometimes mistakes can save us but not always, because more often not, because we have to pay for the mistakes we make.
You take two big risks, trading on leverage and also on shitcoins, you are lucky to get through it well, even though you made a mistake, and other times you may not survive and leverage is not something I will touch on especially on shitcoins.
You take two big risks, trading on leverage and also on shitcoins, you are lucky to get through it well, even though you made a mistake, and other times you may not survive and leverage is not something I will touch on especially on shitcoins.
I was trading a shit coin called OG Fan token today. Its price has been increasing from below $3 last week and I decided to go short position with it today at around $6.5. But I was disappointed as the coin increased from $6.5 to $14.7 in less than 30 minutes after. My money was liquidated at $9.
Trading with leverage is risky.Trading shit coins is risky.
When you combine two big risks, your trading position will have very high risk of liquidation. Because shitcoins usually don't have high market caps and it's very easily to manipulate these shit coins.
I did not know about OG fan token but checking on Coinmarketcap, I find an interesting thing from its historic price chart.
https://coinmarketcap.com/currencies/og-fan-token/
There are at least two times in the past, this OG fan token suddenly spikes like the latest spike that causes your liquidation. If you notice its past two strikes, you would have seen this risk and have been more careful to avoid shorting this token.
Man that's so ballsy of you to be shorting a $17m marketcap token with $3m daily volume on Binance lol. This thing's guaranteed to spike up and down.
I was trading a shit coin called OG Fan token today. Its price has been increasing from below $3 last week and I decided to go short position with it today at around $6.5. But I was disappointed as the coin increased from $6.5 to $14.7 in less than 30 minutes after. My money was liquidated at $9.
I decided to deposit part of the money that I have gained from trading before but I deposited the USDT but I forgot to include the memo. I was not credited but I messaged the exchange customer care. The price of the coin was $9 at the time. If I that money was credited, I would have lost it because the coin later increased from $9 to $14.7 on the exchange.
After I have filled the necessary form so that I can be able to get my USDT back, I sent another USDT which I used to open short position at $13 and the coin fall to $10.6 and I was able to recover back my coin. Unbelievable.
Some disappointments can be blessing.
I decided to deposit part of the money that I have gained from trading before but I deposited the USDT but I forgot to include the memo. I was not credited but I messaged the exchange customer care. The price of the coin was $9 at the time. If I that money was credited, I would have lost it because the coin later increased from $9 to $14.7 on the exchange.
After I have filled the necessary form so that I can be able to get my USDT back, I sent another USDT which I used to open short position at $13 and the coin fall to $10.6 and I was able to recover back my coin. Unbelievable.
Some disappointments can be blessing.
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