Future Trading Liquidated | Bitcointalksearch.org

wxa7115

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Quote from: Pandu Geddon on November 23, 2022, 02:14:38 AM

Quote from: wxa7115 on November 23, 2022, 12:48:27 AM

While it is true there is no rule that says that you need to use a stop loss, it is my opinion that anyone that is using leverage should use it, we know the movements of bitcoin can be extreme under some circumstances, and if you are sleeping during that time or you are not giving enough attention to the markets by the time you react your losses will simply be way too big.

And sometimes even a stop loss will not be able to completely protect you, as the price can move so fast that slippage occurs and you lose more money than what you thought it was possible.

newbie traders are always impatient with what they do. they were in too much of a hurry to make a bigger profit. that's why they leverage big.
they are not playing it safe for the current market situation., lately, more and more futures traders are wrong in predicting their trades.
stop loss is also a good thing to use, but many traders ignore it. it can save us from bigger losses. but most traders are still optimistic that the market will move in the direction they predict.

I have nothing against those which expect the best possible outcome for themselves and the markets, but that is not really a way to carry yourself as a trader, since no matter how good you are no one can predict what the market will do all the time.

And we have many examples of this, I have read countless examples of people that were considered to be genius traders and that almost never lost a trade, but when the day came in which they did their losses were so massive that they never recovered from such a huge mistake.

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Quote from: wxa7115 on November 23, 2022, 12:48:27 AM

Quote from: Issa56 on November 21, 2022, 04:15:48 PM

Quote from: rhomelmabini on November 16, 2022, 05:12:24 PM

If you wanted to take profit at 10% then you should have stop loss at 10% too and not more than that. You can prolong that position in any given time but you should have a target or a plan always when you are trading. Don't say it was the worst, take it as a lesson instead and don't over leverage just my advice.

After setting stop loss, we should also learn how to use low laverage so that we can minimize our risk when trading, sometimes I see newbies that are just starting to trade are using 50x laverage, if your laverage is to high, your chances or losing money will be kind of high so it's just better we all use low laverage.
Also if you are a newbie always try to use stop in your trade, actually stop lose is not really mandatory but I always recommend newbies to always use it so that they can't cut their lose. I don't really use stop loss when am trading but am always using small laverage.

While it is true there is no rule that says that you need to use a stop loss, it is my opinion that anyone that is using leverage should use it, we know the movements of bitcoin can be extreme under some circumstances, and if you are sleeping during that time or you are not giving enough attention to the markets by the time you react your losses will simply be way too big.

And sometimes even a stop loss will not be able to completely protect you, as the price can move so fast that slippage occurs and you lose more money than what you thought it was possible.

newbie traders are always impatient with what they do. they were in too much of a hurry to make a bigger profit. that's why they leverage big.
they are not playing it safe for the current market situation., lately, more and more futures traders are wrong in predicting their trades.
stop loss is also a good thing to use, but many traders ignore it. it can save us from bigger losses. but most traders are still optimistic that the market will move in the direction they predict.

wxa7115

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Quote from: Issa56 on November 21, 2022, 04:15:48 PM

Quote from: rhomelmabini on November 16, 2022, 05:12:24 PM

If you wanted to take profit at 10% then you should have stop loss at 10% too and not more than that. You can prolong that position in any given time but you should have a target or a plan always when you are trading. Don't say it was the worst, take it as a lesson instead and don't over leverage just my advice.

After setting stop loss, we should also learn how to use low laverage so that we can minimize our risk when trading, sometimes I see newbies that are just starting to trade are using 50x laverage, if your laverage is to high, your chances or losing money will be kind of high so it's just better we all use low laverage.
Also if you are a newbie always try to use stop in your trade, actually stop lose is not really mandatory but I always recommend newbies to always use it so that they can't cut their lose. I don't really use stop loss when am trading but am always using small laverage.

While it is true there is no rule that says that you need to use a stop loss, it is my opinion that anyone that is using leverage should use it, we know the movements of bitcoin can be extreme under some circumstances, and if you are sleeping during that time or you are not giving enough attention to the markets by the time you react your losses will simply be way too big.

And sometimes even a stop loss will not be able to completely protect you, as the price can move so fast that slippage occurs and you lose more money than what you thought it was possible.

Issa56

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Quote from: rhomelmabini on November 16, 2022, 05:12:24 PM

If you wanted to take profit at 10% then you should have stop loss at 10% too and not more than that. You can prolong that position in any given time but you should have a target or a plan always when you are trading. Don't say it was the worst, take it as a lesson instead and don't over leverage just my advice.

After setting stop loss, we should also learn how to use low laverage so that we can minimize our risk when trading, sometimes I see newbies that are just starting to trade are using 50x laverage, if your laverage is to high, your chances or losing money will be kind of high so it's just better we all use low laverage.
Also if you are a newbie always try to use stop in your trade, actually stop lose is not really mandatory but I always recommend newbies to always use it so that they can't cut their lose. I don't really use stop loss when am trading but am always using small laverage.

Issa56

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Quote from: adaseb on November 18, 2022, 07:59:56 PM

The reason you got liquidated is because you used too much leverage. Never trade 100x that is just nuts. You will be liquidated in seconds if you do that.

You know the higher your laverage, the higher the profit you are going to make, it's greed that kill most people, everyone wants to make huge profits but they don't look at the consequences, how will you want to trade futures and you will use 100x laverage, we are currently in bear market and it's kind of very easy to get liquidated, when trading futures always make sure you are using small laverage.

Quote from: adaseb on November 18, 2022, 07:59:56 PM

Most traders use maybe max 10x or so.

If am going to recommend to anyone I think 10x is kind of much to me, I always advice people to use 5x or below, I think even professionals shouldn't use more than 10x to be at a safer side.

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Quote from: Magic-Money on November 17, 2022, 08:57:53 AM

Thank you all for contribution towards my past mistakes, by courage/contributing way forward for success in future trading, also been consistence in trade can make me more stronger in the cryptocurrency market.

Once a Gain Thank you All.

Eventually you may need to change your trading strategy if you have been seen as more inclined to be greedy in hopes of big profits. I would never advise someone to try futures trading if they don't really study it first, even if they know a lot it is always possible to get liquidated out of greed. The main things is, you still have to find a way to avoid bigger losses in futures trading. I can say that future trading is the easiest way to make losses if you are too greedy.

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Quote from: justdimin on November 18, 2022, 02:24:20 AM

Quote from: gabbie2010 on November 17, 2022, 11:18:27 AM

Alternatively to be on safer side why not start trading with cross margin with a leverage of 3X which is less risky rather than future trading, I tried future trading got a margin call unfortunately got liquidated swiftly due to high volatility in the price of the pair traded thereafter I switched over to less risky option, trading with less risky option and earn small profits is better than trading with highly risky option like future trade in a bid to earn huge profits but ended up liquidated, you have to erase the mindset of becoming rich quickly in trading, earn your small profit while compounding it will amount to huge sum of money in a long run.

I would say if you really want to stay on the safe side, then just do not trade with futures at all. Spot trading is a lot more safe and secure, that way it wouldn't be possible to get liquidated and unless you invested into LUNA or FTX then you wouldn't be losing all of your money, there would be some drops but those will be just a small loss whereas in futures trading you could lose 100% of your money.

This is why I highly suggest people to stay away from them unless they know what they are doing. Yes, it’s true that some veteran traders could turn a few hundred dollars into tens of thousands of dollars with just a few trades there, but that’s because they are veterans and know what they are doing.

That is one option that’s true, but if people really want to trade on futures, they should at least know what they are doing. You can warn people as much as you can, but if they set their mind on trading with futures, they will do that. At that point it is better to point out what the common mistakes are, and hope that they won't make the same ones.

Simple things like put a stop loss, so you don't get liquidated quickly, or doing your TA carefully before you start, or not putting all of your money into a single trade, or not to make the margin too thin with huge amount and high leverage. These are all common mistakes that people still do to this day.

adaseb

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The reason you got liquidated is because you used too much leverage. Never trade 100x that is just nuts. You will be liquidated in seconds if you do that.

Most traders use maybe max 10x or so. And many only use the leverage to keep less crypto on an online exchange. If you trade like this you will keep liquidating accounts one after the other.

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Quote from: Magic-Money on November 15, 2022, 12:06:41 PM

and sometimes i will be liquidated from the market.

maybe you are not suited to futures trading. why not try spot trading?
I wouldn't say you're a beginner. but now more beginners who don't even know to trade are very interested in futures trading. maybe because many YouTubers often upload their future trading videos with big profits. but it brings more beginners to trading futures.

Futures trading is greatly influenced by our accuracy in choosing assets. and some skills in doing good analysis. if you don't have it yet, I think it would be better to learn technical trading first.

tvplus006

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I don’t like future trading at all. It is only for expert. I lost my money from future trading. So be aware of future trading. If you don’t have much knowledge about crypto, you should invest in future trading. Though future trading is very profitable, but sometime it is very harm for anyone.

Obviously, in order to understand all the risks associated with future trading, you need to lose your money. Most do not take seriously the warnings that are published on the forum, mistakenly overestimating their trading knowledge. But this does not mean that you need to abandon future trading, it means that you should not trade with leverage without achieving a stable profitable trading on the spot market.

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In my opinion, key success for futures trading is:

1) It is a marathon, if you are starting, play with very small amounts during 1-2 years. It is worth to spend time during 1-2 years to just test yourself and learn. If you start playing with big amounts you will get liquidated, angry, and never trade again.
2) No emotions, its just numbers. If you get nervous or have fear when your trade goes bad, you are doing it wrong, play with less money or less leverage, but you need to trade without emotions.
3) Strategy. Study the market and decide what is gonna be your strategy, then stick to it.
4) Do not over trade, after big loss, if you get emotional better stay out for some time from futures, there is a life outside and you need to enjoy that too.

And the last, 5) you do not have to trade always! This was probably what took me more years to learn. Wait for the market to meet some requirements and then trade according to your strategy.

I personally use 1.5-2 leverage in "normal" market conditions and up to 5x leverage when BTC breaks resistance and retest successfully.

I hope it helps

Ararbermas

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When it comes trading future you must have a consideration and you must be a smart trader to prevent such situation coz once you made mistakes in it for sure you will end up big losses after all always. And that experience is a big lesson for you mate!

So don't push your self if you don't have yet enough knowledge how it really wworks.. Be patient and educate your self more, always keep practicing so that you can build a very effective strategy to win in future trading. Don't be hasty to prevent regrets!

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Then check the best trading strategies that will be able to suit you and learn from your mistakes from the last trade . Experience is the best teacher. Win or lose situation.

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Quote from: gabbie2010 on November 17, 2022, 11:18:27 AM

Alternatively to be on safer side why not start trading with cross margin with a leverage of 3X which is less risky rather than future trading, I tried future trading got a margin call unfortunately got liquidated swiftly due to high volatility in the price of the pair traded thereafter I switched over to less risky option, trading with less risky option and earn small profits is better than trading with highly risky option like future trade in a bid to earn huge profits but ended up liquidated, you have to erase the mindset of becoming rich quickly in trading, earn your small profit while compounding it will amount to huge sum of money in a long run.

I would say if you really want to stay on the safe side, then just do not trade with futures at all. Spot trading is a lot more safe and secure, that way it wouldn't be possible to get liquidated and unless you invested into LUNA or FTX then you wouldn't be losing all of your money, there would be some drops but those will be just a small loss whereas in futures trading you could lose 100% of your money.

This is why I highly suggest people to stay away from them unless they know what they are doing. Yes, it’s true that some veteran traders could turn a few hundred dollars into tens of thousands of dollars with just a few trades there, but that’s because they are veterans and know what they are doing.

martyns

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There's more features involved in future trading and there's only one reason behind it, when a trader is running at loss, it start getting thought that the trade will retest back up but only to wait and see the trading position hitting the liquidation price. Liquidation is among one of the worst experience a trader could get in the space and it's always advisable to trade with caution. Future trading also beneficial for those that trades with good signals and also consider bad for those using the wrong method.

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Quote from: tvplus006 on November 17, 2022, 07:25:53 AM

Quote from: Magic-Money on November 15, 2022, 12:06:41 PM

My worst crypto experience is to trading on Future Trade..

If the number of unprofitable trades exceeds profitable ones, then it is obvious that you are misjudging the market situation by opening positions in the wrong direction. In addition, you also need to set the stop loss value correctly so that your losses are not so large.

This is where learning and realization do comes in.I did really make out the same mistakes and then later on which i do try out some reversal on how i do make my trades.
It did really make out some significant changes if we do talk about profitable trades but still not that precise on what we called sustainable thing but making profit is something more better.
It do matter on how you do deal up with the price volatility and of course with other factors like setting out prices on when to get out and when to get in.
Short or Long decisions might be just only two option but choosing one would be the most hardest thing to be done.

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Quote from: noormcs5 on November 17, 2022, 06:19:34 AM

Before starting future trading do let us know how many hours, days and week you learn about crypto price action and charts ?

Also after learning how much time did you spend on practicing trading without using your real money ?

I am sure the answer would be close to nill or maybe very limited time spend on learning trading.

So here is the problem that you jumped into future trading without any experience and now complaining that you are making continuous loss. Future trading or any type of trading is very risky and if you jump in this field that you can easily make a lot of money then you are wrong. First learn trading, back test your technical analysis with dummy money and do trade with real money once you are confident.

Even if he say the details here, it's too late because he already committed the act though he can stop doing the real thing for a while and resume on practice mode until he achieve the ideal time before starting on the real thing again. It's also important to use small amount of funds first and get familiarize with it.

Futures trading as far as I know is more advance than the regular spot trading. There's also leverage trading and other terms that I forgot which is also an advanced way to trade and not really recommended for a newbie. There are still other less riskier way to earn in crypto, like for example investing. Why won't they check it out?

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Quote from: Magic-Money on November 15, 2022, 12:06:41 PM

FUTURE TRADING LIQUIDATION
My worst crypto experience is to trading on Future Trade, I trading on future platform as a daily or two to three days trading position, before exit point position, I always find it difficult to make 10% profits, but rather, I always be on the lost side of -40% lost or more, which required me to stay in position 2-3 days or more before the correction of the candle stake to form towards my direction predicted to make a little gain, and sometimes i will be liquidated from the market.

Alternatively to be on safer side why not start trading with cross margin with a leverage of 3X which is less risky rather than future trading, I tried future trading got a margin call unfortunately got liquidated swiftly due to high volatility in the price of the pair traded thereafter I switched over to less risky option, trading with less risky option and earn small profits is better than trading with highly risky option like future trade in a bid to earn huge profits but ended up liquidated, you have to erase the mindset of becoming rich quickly in trading, earn your small profit while compounding it will amount to huge sum of money in a long run.

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Thank you all for contribution towards my past mistakes, by courage/contributing way forward for success in future trading, also been consistence in trade can make me more stronger in the cryptocurrency market.

Once a Gain Thank you All.

tvplus006

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Quote from: Magic-Money on November 15, 2022, 12:06:41 PM

My worst crypto experience is to trading on Future Trade..

If the number of unprofitable trades exceeds profitable ones, then it is obvious that you are misjudging the market situation by opening positions in the wrong direction. In addition, you also need to set the stop loss value correctly so that your losses are not so large.

Topic: Future Trading Liquidated (Read 346 times)