Actually some people don't do not take a precautions while trading, I believe that they trade to make a profit and trading to make a larger profit is something that leads some people into something else and especially to lose the one they have gain already, so therefore what I us to understand in trading is that during trading do not be over greedy for making profits and any profits you make just cash it and end the trade and restart another trading again.
So from my point of view I understand that trading have to do with taking precautions and continuous practice in a trading, you can only lose whatever you have gain in trading at once when you are greedy and also open or venture into trading with what you can not afford to lose. So it's advisable and encouraging to ensure as a trader you have to be satisfied with the any profit you make in you day trade because a minute in a trade can caused you to lose everything you have profited in your trading, so therefore you have to be careful and also monitor your trading and forget about been greedy in any profits you make.
Topic: Do Not Lose Everything Youve Gained in One day, or One Trade - page 2. (Read 657 times)
Futures trading is not for everyone, obviously, but a lot of newbie investors don't take this thing seriously and they get motivated when they see screenshots of profits that some people manage to get through futures trading and then post on social media platforms such as Facebook and Twitter. Such people motivate new investors into taking very high risks and then losing all their money because they think it might be very easy to earn profit from futures trading.
A person without ample knowledge shouldn't even trade in the spot market which is relatively safer when compared to futures trading because in the spot, there is no concept of getting liquidated and you can hold the bought assets for as long as you want unless the cryptocurrency turns out to be a scam and the developers do an exit scam.
A person without ample knowledge shouldn't even trade in the spot market which is relatively safer when compared to futures trading because in the spot, there is no concept of getting liquidated and you can hold the bought assets for as long as you want unless the cryptocurrency turns out to be a scam and the developers do an exit scam.
Bro I Feel it and sometimes I also give advice to another person to not trade in futures because of the risk, but the crazy is Last week I made a deposit to my forex account and you know that some broker forex usually are futures only without spot and I made the decision to long the bitcoin because the news from Cointelegraph that sec has approved bitcoin and boom it turned is fake news and all my position is at minus than I try to short bitcoin when bitcoin at consolidation price. and boom there another news and bitcoin touch 35K and all my position got liquidated and sad right now.
Best to avoid trading futures in times like this, but if you must, make sure you know what you are doing, and use proper risk management like the stop loss and take profit features, also ensure you are only trading with an amount of money you can afford to lose, and remember not to put all your eggs in one basket.
Happy trading ya all.
Trading futures is a very serious form of investing that can lead to big wins or losses. I have tried it myself in the past with mixed results and I would recommend anybody interested in it to first try their strategies in demo accounts. We are facing again a period of high volatility, which usually means that traders can make a decent profit. Trading futures just means that we have leverage on our positions and don't need to put all our money down to buy an asset. Just because we start trading futures doesn't mean we need to go into debt. After developing a successful trading strategy in simulations or a demo accounts it's good to start small. I would recommend anybody at first to make sure that we have enough capital to cover the notional of the futures contract. Once the strategy proves to be profitable it can always be scaled up with additional money. The biggest risk is the fear of missing out just because prices jumped up 15% in a short period of time. I would always prefer to follow my own research and strategy than following the herd and be late to the party.
Best to avoid trading futures in times like this, but if you must, make sure you know what you are doing, and use proper risk management like the stop loss and take profit features, also ensure you are only trading with an amount of money you can afford to lose, and remember not to put all your eggs in one basket.
Happy trading ya all.
One thing about risky things is that it is being talked about that it is risky and anyone going into it must first understand that it is risky. It is not something that is done ignorantly. I have got the opportunity to learn about Futures but because of how risky it is said to be, I didn't learn it again. This is because if I learn it, I will be tempted to practice it and maybe I will lose so much money.
I am not a fan of high returns in investment. That is why I love bitcoin. Some altcoins seem like risky and looks to me like gambling that is why I have sticked to bitcoin.
it is very important to be most careful while day trading when volatility is high, just as it has been in a few days now, this is specially for those who trade the futures market, trading futures is 10x more risky than trading spot, in futures trading, a simple miscalculation or failure to use proper risk management could lead to you being liquidated and all the money invested gone in a twinkle of an eye.
I am sharing this based on a story a friend of mine told me yesterday about how he lost crypto NetWorth in just one trade on one faithful day way back last upper year which is 2022.
According to him, he went long with all of his entire crypto NetWorth on an Altcoin because he was expecting the price of the altcoin to jump back up, after a news (which was later confirmed to be fake) caused the cryptocurrency to go down, but unfortunately for him, by the time he woke up from sleep the next day, on checking on this trade, he discovered that he had been completely liquidated because the price of the crypto currency ended up dumping even harder than before.
Anxiety and fear made me deposit more money and he try to see if he could DCA the dip and make some of the money he lost back, and at a point, the price reached his take profit target but unfortunately, the take profit did not fill before the price of the altcoin shoot up again and at end, he was liquidated again.
This experience for me showed that he was really inexperienced when it comes to trading futures, but the truth is that, such a thing can happen to anyone in times when volatility is very high, when price runs become really high, it makes sure to liquidate both long and short position in a matter of seconds and minutes, most especially, if you open a position with a very high leverage.
Best to avoid trading futures in times like this, but if you must, make sure you know what you are doing, and use proper risk management like the stop loss and take profit features, also ensure you are only trading with an amount of money you can afford to lose, and remember not to put all your eggs in one basket.
Happy trading ya all.
I am sharing this based on a story a friend of mine told me yesterday about how he lost crypto NetWorth in just one trade on one faithful day way back last upper year which is 2022.
According to him, he went long with all of his entire crypto NetWorth on an Altcoin because he was expecting the price of the altcoin to jump back up, after a news (which was later confirmed to be fake) caused the cryptocurrency to go down, but unfortunately for him, by the time he woke up from sleep the next day, on checking on this trade, he discovered that he had been completely liquidated because the price of the crypto currency ended up dumping even harder than before.
Anxiety and fear made me deposit more money and he try to see if he could DCA the dip and make some of the money he lost back, and at a point, the price reached his take profit target but unfortunately, the take profit did not fill before the price of the altcoin shoot up again and at end, he was liquidated again.
This experience for me showed that he was really inexperienced when it comes to trading futures, but the truth is that, such a thing can happen to anyone in times when volatility is very high, when price runs become really high, it makes sure to liquidate both long and short position in a matter of seconds and minutes, most especially, if you open a position with a very high leverage.
Best to avoid trading futures in times like this, but if you must, make sure you know what you are doing, and use proper risk management like the stop loss and take profit features, also ensure you are only trading with an amount of money you can afford to lose, and remember not to put all your eggs in one basket.
Happy trading ya all.
I used to actively trade perpetual futures on Bitcoin and alts, but after a few years I saw that they don't give huge positive difference comparing to spot. So I switched fully from futures to spot, and now trade on futures only when I'm sure that it's a good time for a short position or when I feel that leverage x2-x3 is okay to use because of some circumstances. But in general - futures is place where 99% of people lose and only 1% makes money in the long term. I definitely prefer spot and tell everyone to use it. Because in my opinion every derivatives trader finishes with one scenario - loosing gained money and even more, just on one unlucky trade, which he can't close because of greediness or other unpredictable situations. This is only my thoughts, you may agree or disagree, but I still think that spot in the best option for long term financial success.
the losses is the most case scenario for newbie traders, trading randomly because of their frustration hoping to make profits without any plan at all.
It’s funny sometimes when a newbie who is still supposed to learn decides to trade. Because of this, most people lose money repeatedly without gaining anything, and they don’t realise that they are the ones messing up with their funds, thinking that that is how it works and they will get profit as time goes on, which is not the case. We all know losing is something natural in trading because as far as we will trade, we must lose money. Therefore, to minimize these risks, we need to learn every aspect that will prevent us from losing too much.
However, newbies start getting frustrated because they don’t have the knowledge to think that there is something lucky like gambling, so they start chasing their losses, which will result in more losses because they will be unable to control their emotions anytime they want to trade. This is one of the most important things a trader needs to be aware of.
and on the time that you do make profits and then you do decide to continue then pretty sure you would really be that continuing no matter what because you do already have those kind of thoughts
on which you would really be continuing until you do bust up.
We know that mistakes and errors are common and this is something that like a stepping stone for us to have to make ourselves way more better. Im not saying that its necessarily to pass up with these kind of challenges but somewhat it is really that inevitable which it is why it is really that better that you do really be able to adapt accordingly and trying out to lessen those risks overtime.
Learning would really be coming up with our mistake on which it is really that a common approach that you would really be that to adjust accordingly.
The worst mistake one can make as a trader is chasing the market to recover losses, If you lose a trade, learn from it and take it as your fault.
This happens when someone takes a big loss from a bad trade and fears that if he can not recover that loss right now he won't get a chance to do that later on. Another most common scenario that happens is that some traders get so attached to a particular coin that they feel comfortable trading that same coin again and again though it is not performing well. If you are an investor, then you should always keep in mind that every coin you invest is only to make a profit. You don't love any project you only care about it and make a profit from that profit so if a coin you like is not performing well leave it and move on to another one. Don't be attached to it.
Spot and futures trading both have risks. In the futures you'll need more knowledge compared to the spot but that doesn't mean that spot trading is easy because as others said buy low sell high but without any knowledge you'll lose. Also in the futures even if you have the fundamentals like a learning indicator you still do not have a 100% winning percentage so both of them have risks and only to lessen them with experience and knowledge.
However, trading knowledge is number one and will influence any type of trading. Spot trading looks easy, but in fact spot trading will give panic when they are too high when buying or they are trapped in buying memecoins which end up dumping and not having any price. Futures trading may look easy, but actually when the leverage used is high and the price guess is wrong, then liquidity will come and take all the money at stake. 
Not only new traders experienced this losses from their day trading, I have seen some older traders regretting why they didn't apply stop loss on time but the money is gone already which there is nothing he or she can do about it that will bring the money back than to learn a lesson we are learning now to always apply stop loss at the moment.
For those who have just started trading and experience losses, this is normal for them because they don't know much about market conditions and haven't mastered what they have learned well and also this can be a lesson for them to be able to improve it so they don't do it again, but for those who have trading for a long time and still experiencing losses, I think there is something wrong with the strategy they are using and they need to fix it so that they no longer experience losses from the trades they are making.Quote
Any traders that is cautious about the market situation before trading, it hard for such traders to fail at the moment because he will notice some things that will make he or she feel losses is ahead than to use stop loss to avoid such losses.
Everyone who is careful when trading will of course be able to reduce the risk of loss they will face, so for those who have a lot in the trading field, of course they use several strategies in trading to be able to make a profit. 
Quote from: Ndabagi01
Your friend made a big mistake and lost a lot of money because he didn't have a stop loss in place. Stop loss orders are useful not just for new traders but also for experienced traders. It has assisted many people in avoiding large losses due to market volatility and uncertainty. Even if you're an experienced trader, market conditions can make it appear uncertain or make you feel like an amateur sometimes to the market; in such cases, a stop loss is crucial. The best traders are those who understand how to manipulate stop loss and take profit levels to their benefit based on market projections.
Sometimes people can forget this stop loss at the moment because, their major target is to win big money from that trade that will help them to recover all the losses they have went through until they find themselves in such situations that will make them to regret like what his friend did to lose everything. Not only new traders experienced this losses from their day trading, I have seen some older traders regretting why they didn't apply stop loss on time but the money is gone already which there is nothing he or she can do about it that will bring the money back than to learn a lesson we are learning now to always apply stop loss at the moment. Any traders that is cautious about the market situation before trading, it hard for such traders to fail at the moment because he will notice some things that will make he or she feel losses is ahead than to use stop loss to avoid such losses.
the losses is the most case scenario for newbie traders, trading randomly because of their frustration hoping to make profits without any plan at all.
It’s funny sometimes when a newbie who is still supposed to learn decides to trade. Because of this, most people lose money repeatedly without gaining anything, and they don’t realise that they are the ones messing up with their funds, thinking that that is how it works and they will get profit as time goes on, which is not the case. We all know losing is something natural in trading because as far as we will trade, we must lose money. Therefore, to minimize these risks, we need to learn every aspect that will prevent us from losing too much.
However, newbies start getting frustrated because they don’t have the knowledge to think that there is something lucky like gambling, so they start chasing their losses, which will result in more losses because they will be unable to control their emotions anytime they want to trade. This is one of the most important things a trader needs to be aware of.
The worst mistake one can make as a trader is chasing the market to recover losses, If you lose a trade, learn from it and take it as your fault.
Trading really fucked with me back days as a newbie until when I got to know this secret, Which is protecting your trading capital.
Even as a trader with far much experience, they could mess with you too.Trading really fucked with me back days as a newbie until when I got to know this secret, Which is protecting your trading capital.
The idea that follows always use your experience as a back up, beating your chest to use that and do a proper analysis on the market haven’t discovered what’s going on and use that to get back what’s been sucked up in the market but, your always going to be left in awe at what the results would be.
In few instances you might get yo catch your breath but, always recall that, no trader after a careful analysis on the first instance would trade in a wrong analysis. It’s always the right one until the market shows you otherwise.
Chasing loses is everywhere, not just trading but in gambling as well and non of them is ever a best practice.
The worst mistake one can make as a trader is chasing the market to recover losses, If you lose a trade, learn from it and take it as your fault.
Trading really fucked with me back days as a newbie until when I got to know this secret, Which is protecting your trading capital.
I was this trader who never bothered that much when most time I blew my account because I was working and seeing money on a regular basis before my salary would drop, so it was just like I was trading with spare money so little did I feel it, But after that I changed a job and that regular money was no longer coming but mainly on monthly basis, that was when I understood the importance of protecting my capital and started proper management of risk, and stopped trading with high leverage that I was using, and since then, I never blew my capital.
Trading really fucked with me back days as a newbie until when I got to know this secret, Which is protecting your trading capital.
I was this trader who never bothered that much when most time I blew my account because I was working and seeing money on a regular basis before my salary would drop, so it was just like I was trading with spare money so little did I feel it, But after that I changed a job and that regular money was no longer coming but mainly on monthly basis, that was when I understood the importance of protecting my capital and started proper management of risk, and stopped trading with high leverage that I was using, and since then, I never blew my capital.
Most people are simply not fit for using leverage, or even trading in general. Overall in my entire time in the crypto space, I made most of my money just trading altcoins using spot. Leverage always managed to mess me over due to those sharp wicks, despite me being directionally correct.
Spot trading in my experience is more relaxed. I'm probably one of the many people who doesn't feel comfortable trading using leverage.I often experience what you said. I mean it's almost similar because the profits I get when trading altcoins on spot trading.
Maybe I am familiar with spot trading rather than using leverage. For those who are more familiar with leverage, they can easily gain profits when doing so.
People are greedy.
I also experienced this once, because my mindset is that if I won a trade using my technical analysis, I can win the next trade that I'm going to make with a higher leverage for an easy profit, but it's not as simple as that, because trading is not always Christmas. We always forgot the risk management and the right management of our funds and profit, that's why we always lose everything and the rage trading will start.
Chasing the losses is the most case scenario for newbie traders, trading randomly because of their frustration hoping to make profits without any plan at all.
I also experienced this once, because my mindset is that if I won a trade using my technical analysis, I can win the next trade that I'm going to make with a higher leverage for an easy profit, but it's not as simple as that, because trading is not always Christmas. We always forgot the risk management and the right management of our funds and profit, that's why we always lose everything and the rage trading will start.
Chasing the losses is the most case scenario for newbie traders, trading randomly because of their frustration hoping to make profits without any plan at all.
To much chasing for more big gain is somehow the most worst decision we could ever take since we will just come up on wrong situation where luck fades and unlucky strikes will follow after than. This is commonly happened that's why we need to be more careful upon deciding to extend our game time since if we always do this for sure that we can't get a best result for what we do. So we must know how to end up our game to avoid any huge damage and instead we can secure all our winnings so casino will not have a chance to recover the money they lost from us. Chasing losses is the worst situation which we ever take since this attitude is addictive and we cannot get anything good for doing this since its so stressful to see how the game will end up to us especially when seeing those stats which is currently at heavy losing so for sure that person who done this action will be in huge stress if they decide to gamble for more and ignore other consequences that can possibly destroy them.
Chasing our losses in gambling is equivalent to a trap, or like a disease that we only think is a simple disease, but we don't know that if we just let it get worse, it turns out to be a danger to our personal health. Let's not let it be done again and again because maybe one day our lives will have something like a chronic disease.
So it's still really important to be responsible when gambling. Even if you have been gambling for a long time, you don't let it ruin your life or ruin the family you have if you have one. So in doing trading, we must also give value to the assets we have here.
it is very important to be most careful while day trading when volatility is high, just as it has been in a few days now, this is specially for those who trade the futures market, trading futures is 10x more risky than trading spot, in futures trading, a simple miscalculation or failure to use proper risk management could lead to you being liquidated and all the money invested gone in a twinkle of an eye.
Future trading is not something you should just start easily, your chances of losing money when it comes to future trading are higher. I don't recommend anyone to go into future trading, and if you will be going into it, always make sure you are using small leverage with a small amount of money. Don't be desperate to make big money, or you will end up losing everything you are having. I know some people are pushed to trade futures because of the high reward that's there, but if you are not careful, you might end up losing everything.I am sharing this based on a story a friend of mine told me yesterday about how he lost crypto NetWorth in just one trade on one faithful day way back last upper year which is 2022. According to him, he went long with all of his entire crypto NetWorth on an Altcoin because he was expecting the price of the altcoin to jump back up, after a news (which was later confirmed to be fake) caused the cryptocurrency to go down, but unfortunately for him, by the time he woke up from sleep the next day, on checking on this trade, he discovered that he had been completely liquidated because the price of the crypto currency ended up dumping even harder than before.
Your friend is funny, i guess he was trying to make use of opportunity to make big money. Your friend is supposed to know about risk management, why will he decide to use his entire crypto net worth on a trade? It doesn't make any sense to me. No matter the news which I hear, I can't use all my money to trade on future. I once wasted money on future trading when I was learning how to trade, since then I don't even go close to future trading. When trading, always make sure you use a small percentage of your money. In case something goes wrong, you will always have backup, and always maintain small leverage.You need to admit that, more profit comes with more risk. So if you demand for more profit from the market, then you have to also take more risk accordingly. If someone isn’t capable of this, then definitely no one can save him from getting into losses. I don’t believe that Day trading is hard. If a trader is capable enough to analyse the market correctly, then it doesn’t at all matter for him. For him everything is like a cake of piece and he does risk management perfectly.
I totally agree with you in fact if we expect a more profit in every matter it is natural that we have to take a more risk we actually do not want to understand that we only expect a profit profit profit in fact the word loss is what we do not think In my opinion the amount of a risk might be too high for newbies that are getting ready to trade with extreme excitement like me for an example i am not saying that newbies cannot, in fact it requires a lot of knowledge, keen understanding of market systems is essential, but we invest with overzealous enthusiasm and cry in despair at the loss of everything. 
It's for them to experience that, if they're not going to notice the risk that they will take, it could pay them a lot.
Those that are not used to futures much better not to get involved on it. Or if they want to try, just do it as if you're gonna lose the money no matter what happens.
Those that are not used to futures much better not to get involved on it. Or if they want to try, just do it as if you're gonna lose the money no matter what happens.
Spot and futures trading both have risks. In the futures you'll need more knowledge compared to the spot but that doesn't mean that spot trading is easy because as others said buy low sell high but without any knowledge you'll lose.
In spot, it's true that it doesn't guarantee you'll win your trades there because it's also hard just how it's risky with the futures although it's just lessened in that manner.
Also in the futures even if you have the fundamentals like a learning indicator you still do not have a 100% winning percentage so both of them have risks and only to lessen them with experience and knowledge.
It's just best to avoid it. The risk remains and there could be some ways to lessen the risk but it's gonna stay there as you've said.
But unfortunately, many new traders seem to ignore this and it will actually increase the risks. Sometimes, they even ignore the risks because they feel very confident that they will get high profits from what they place when doing future trading. In fact, future trading will never be free from risk. And honestly, it is quite difficult to minimize risk, especially if we still don't really understand the various appropriate strategies when trading.Those that are not used to futures much better not to get involved on it. Or if they want to try, just do it as if you're gonna lose the money no matter what happens.
Spot and futures trading both have risks. In the futures you'll need more knowledge compared to the spot but that doesn't mean that spot trading is easy because as others said buy low sell high but without any knowledge you'll lose. Also in the futures even if you have the fundamentals like a learning indicator you still do not have a 100% winning percentage so both of them have risks and only to lessen them with experience and knowledge.
Jump to: