I have f.. up with margin trading - page 2.

Akiko

full member

Activity: 896

Merit: 198

Quote from: bustabitsboy on April 30, 2020, 10:16:13 AM

Anything that offers 100X is gonna have risk
i would say use the last of your funds and try and ride a alt coin Pump
alternatively take the L and move on
sorry to hear about your mistake but i am sure you wont make it again

I also have a friend wipe out his money this day using margin trading. That 100x is not easy to happen not all is lucky enough to win that % amount , and for my suggestions you already experienced to lost big enough in margin so don't do this again its better to trade normally so you will not lost big for every trade you do.

bustabitsboy

member

Activity: 318

Merit: 10

Anything that offers 100X is gonna have risk
i would say use the last of your funds and try and ride a alt coin Pump
alternatively take the L and move on
sorry to hear about your mistake but i am sure you wont make it again

BitcoinTurk

hero member

Activity: 1666

Merit: 629

Margin trading transactions are always risky, but trading by determining the leverage ratio you will use and keeping your stop orders at reasonable levels is a very lucrative method. Although I used x10 leverage in the day when the financial crisis started last month, I did not use a stop order and lost almost all my money quickly. The money I saved and earned in a few months was officially gone. For this reason, I say that a stop order should always be used in transactions with leverage. Of course, it would also be beneficial not to use a high level of leverage. For this reason, you should make detailed calculations and determine your leverage, profit and loss position closure points well.

so98nn

hero member

Activity: 2086

Merit: 603

That is very unfortunate to loose that kind of money man.

There is no way to get that much money without risking on a hard bet. You may try out some gambling games, but again as the name suggest you will be gambling. One more risk!!

If i were you then i would have stopped already at 500 USD loss.

With what money you have right now, i would just hold it and gain some 20-30% after bitcoin halving, if price rise occurs.

You have to loose nothing so just hold until and after 18th May.

gentlemand

legendary

Activity: 2590

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Welt Am Draht

I have no idea how margin trading a totally unpredictable asset at ratios that are illegal in most markets on markets that openly trade against their own customers ever became accepted as the norm, but that seems to be how it is.

Get a better job and buy it back.

maxreish

sr. member

Activity: 1330

Merit: 326

Margin trading isn't easy at all. And doing some careless entries when infact you are still new in this fields is not a good idea. Do you know that having a 100x leverage make it easier for you to liquidated your trades immediately?
And I am sorry about your losses. 4.5k usd is kinda huge. You can try some of these tips to slowly recover;

Always use stop loss.
High lower leverage like 5x to 10x for safe trading.
Since market is so volatile, find some technical analysis to spot "when" to enter and to exit trading. There are many indicators you can actually use and easy to read and learn.
Make your mistakes and losses be your inspiration to recover. If you reflect and saw which wrong had you did in your past trading, you can change and prevent that in the future.

Quidat

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Activity: 2688

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DGbet.fun - Crypto Sportsbook

Quote from: tomm741 on April 29, 2020, 02:59:13 PM

Hello there guys,
I have tried margin trading because i thought yeah its easy to make money with 100x leverage but
no is not i was stupid.
I have lost 4,5k usd
i still have 240 usdt

Im open to sugestions how to get that back, even if it takes time
Or if someone would be willing to send me when and what to trade to do that ( someone experienced )
there ll be an ICO for JST token , can it make x5?
im thinking for a ways to earn that back ...

Margin trading was never an easy thing and the market can really fucked you up and just like on what happened atm
on where the price shoots up and if you did make some short position then it did totally blow up your account.
Sorry on what you have lost and also taking it back wont really be possible by investing into any ico or some sort.
Dont let desperation would control you because it might be the reason that you will commit the same mistake
and would fucked you up twice.

gantez

full member

Activity: 1736

Merit: 121

I say don't be desperate to fight or enter the market at every spotted opening so you don't lose all. Take a break, learn better ways to trade and avoid leverage since you couldn't take the advantage. Your lose is high but with a better strategy, you can recover.

cafetools

full member

Activity: 266

Merit: 108

That is horrible to lose BTC gambling, especially watching the bull run that started last night and today!

chaser15

legendary

Activity: 2688

Merit: 1065

Undeads.com - P2E Runner Game

Quote from: tomm741 on April 29, 2020, 02:59:13 PM

I have tried margin trading because i thought yeah its easy to make money with 100x leverage but

With a though like this, you will really F up. If it's easy to make money on 100x leverage, we are all enjoying nice profits now or maybe that feature will not be available or implemented.

Quote from: tomm741 on April 29, 2020, 02:59:13 PM

Im open to sugestions how to get that back, even if it takes time

Then learn the most usual way to do trades. Take time to learn it since you are willing to spend time. For what should be the coins or tokens to be traded, that's what you need to know. For beginners, BTC is the only safe asset win or loss but don't take the word safe as 100%.

Quote from: tomm741 on April 29, 2020, 02:59:13 PM

there ll be an ICO for JST token , can it make x5?

Don't rely on that. ICO simply means token sale. Their market value once they list on the exchange will not be determined by their ICO price. The worst case, no value as it might not get a chance to be listed.

thecodebear

hero member

Activity: 2226

Merit: 848

Wow. sorry that happened. I would never use margin, wayyy too risky. My advice is to simply learn from this mistake and not use margin ever again.

tomm741

newbie

Activity: 2

Merit: 0

Hello there guys,
I have tried margin trading because i thought yeah its easy to make money with 100x leverage but
no is not i was stupid.
I have lost 4,5k usd
i still have 240 usdt

Im open to sugestions how to get that back, even if it takes time
Or if someone would be willing to send me when and what to trade to do that ( someone experienced )
there ll be an ICO for JST token , can it make x5?
im thinking for a ways to earn that back ...

Topic: I have f.. up with margin trading - page 2. (Read 293 times)