A lot of people are giving bad advises sarcastically because we are actually quite fed up with this type of issues. It is not personal or anything, just that there are way too many people here that wanted to make millions very quickly so they could be finally financially free, yet failed.
The idea is noble enough, we are living in a world where life is dark and it gives you a shitty hand the moment you are born unless you born into wealth and you have to fix it by living and trying to be better, so wanting to have as much money as you can is quite important to actually live the rest of your life better, and maybe provide your family that better future as well, we can't really gain health all that very well, not like money at least, nothing data related all that much, but most of us do care about our health the same way we care about money as well, but in health you have to eat healthy, you have to work out and you have to actually give it sometime before you can be better, the more unhealthy you are the more you have to work both harder and longer, same goes for money the poorer you are the more you have to work harder and longer as well.
Topic: I have f.. up with margin trading (Read 307 times)
that's what you get for trading when you don't know what you're doing. Common rookie mistake.
If you want to get your money back, you've got 2 real options;
You can either take a huge risk and try to climb your way back up with a x100 gamble, or you can slowly grind your way back up with safer bets.
I'd personally go for the latter option.
If you want to get your money back, you've got 2 real options;
You can either take a huge risk and try to climb your way back up with a x100 gamble, or you can slowly grind your way back up with safer bets.
I'd personally go for the latter option.
Well, you are doing your mistake once again while talking about your mistake. First of all, how did you imagined making money with 100x leverage would be easy? Like think about it, if it was so "easy" wouldn't you think there would be a lot more billionaires in the world?
Everyone would have done what you did and make tons of profits and become very rich very quickly, and we are humans, even if we turn 1000 dollars into 1 million dollars, we would still use the same method to make that into a billion, and that into 100 billion, so that means there are zero amounts of people who can do that.
Secondly, you are going after recovering what you have lost quickly, all those 5x is still quick, the realistic approach has always been under 50% yearly, and that means you have to wait YEARS before you can have that money back, but that is the realistic version.
Better to be realistic rather than forcing yourself to rush up everything which would really cause another mistake.Just like what have been said earlier that mistakes is normal specially when you are just new into things.Everyone would have done what you did and make tons of profits and become very rich very quickly, and we are humans, even if we turn 1000 dollars into 1 million dollars, we would still use the same method to make that into a billion, and that into 100 billion, so that means there are zero amounts of people who can do that.
Secondly, you are going after recovering what you have lost quickly, all those 5x is still quick, the realistic approach has always been under 50% yearly, and that means you have to wait YEARS before you can have that money back, but that is the realistic version.
These steps are common for people who do just recently discover it and out of curiosity and some mix of greed then they do hurry and test it out with big amounts without even thinking or preparing on the risk
accompanied with it.
If we do like to succeed on trading career then better not to rush with margin and just try to slowly improve yourself into lower risk ones and later on when you do gain sufficient experience then thats
the time you would consider on going or trying to do margin.
there ll be an ICO for JST token , can it make x5?
im thinking for a ways to earn that back ...
Its better to day trade than investing on an ICO, you will lose everything when invest on new start ups at most of the time so you can do other trading methods which gives you real profits in small margin.Since you have 240 USD then try to day trade with half of that money if you are good enough skilled then you can make 2-5% from day trading which gives you 60% for a month. im thinking for a ways to earn that back ...
trading with leverage will test your knowledge about the market so I don't recommend it for newbies especially now that the halving is near, people speculates a lot that's why the market is behaving like a roller coaster.
If I were you, just stick with the conventional trading, don't expect a quick profit with leverage trading unless you are sure of what's gonna happen. If you really want to do margin trading then go with eth, it has a lower risk than margin trading with btc.
If I were you, just stick with the conventional trading, don't expect a quick profit with leverage trading unless you are sure of what's gonna happen. If you really want to do margin trading then go with eth, it has a lower risk than margin trading with btc.
I only stick to regular trading because leverage trading is still out of my league and im not to gamble huge amount because i know i would loss it and get rekt.
My trading strategy is simple, buy at a low price and then sell. It's only swing trading but it's one of the less risk types of trading.
My trading strategy is simple, buy at a low price and then sell. It's only swing trading but it's one of the less risk types of trading.
Margin trading is not for newbie, and also the risk of margin trading is very large. We recommend that if you do not really understand do not dare
to try margin trading. Lots of traders who experience losses with margin trading, therefore my advice is to trade manually. Because it's safer and
riskier low. Very difficult to recover lost $ 4500, with a capital of 240 USDT. And don't invest in JST tokens, because JST tokens are shitcoin.
to try margin trading. Lots of traders who experience losses with margin trading, therefore my advice is to trade manually. Because it's safer and
riskier low. Very difficult to recover lost $ 4500, with a capital of 240 USDT. And don't invest in JST tokens, because JST tokens are shitcoin.
Margin trading is really a very risky job in both ways to make money and to lose money. In margin trading, we need to be very active when buying and selling because even I have failed to make money, we should not invest higher amounts into margin trading definitely we might become zero in a short period of time.
That's the actual risk that you needed to consider, margin trading can sucked your funds as quick as you think, once the position that you have is wrong the outcome / result will be determine, unlike regular trading where you can hold if ever the trends is not favoring your side.Doing more research before dealing with this kind of business is really a must to do.
Margin trading is really a very risky job in both ways to make money and to lose money. In margin trading, we need to be very active when buying and selling because even I have failed to make money, we should not invest higher amounts into margin trading definitely we might become zero in a short period of time.
Well, you are doing your mistake once again while talking about your mistake. First of all, how did you imagined making money with 100x leverage would be easy? Like think about it, if it was so "easy" wouldn't you think there would be a lot more billionaires in the world?
Everyone would have done what you did and make tons of profits and become very rich very quickly, and we are humans, even if we turn 1000 dollars into 1 million dollars, we would still use the same method to make that into a billion, and that into 100 billion, so that means there are zero amounts of people who can do that.
Secondly, you are going after recovering what you have lost quickly, all those 5x is still quick, the realistic approach has always been under 50% yearly, and that means you have to wait YEARS before you can have that money back, but that is the realistic version.
Everyone would have done what you did and make tons of profits and become very rich very quickly, and we are humans, even if we turn 1000 dollars into 1 million dollars, we would still use the same method to make that into a billion, and that into 100 billion, so that means there are zero amounts of people who can do that.
Secondly, you are going after recovering what you have lost quickly, all those 5x is still quick, the realistic approach has always been under 50% yearly, and that means you have to wait YEARS before you can have that money back, but that is the realistic version.
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 ...
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 ...
Just buy some shitcoin and wait
At least it could work
If that is true then sorry to hear you lost a lot of money here.
However, when you put down JST token, this get me thinking, are you silently shilling for this coin? Hmmm. Don't get tricked by hidden spam on this forum, just saying.
However, when you put down JST token, this get me thinking, are you silently shilling for this coin? Hmmm. Don't get tricked by hidden spam on this forum, just saying.
I think I have said and many others have said so many times to stay away from margin,,, it is tough enough to get profits without leverage, and it is even easier to lose with margin.
Imagine that because of spread, when you buy, you immediately lose money and at 100x leverage it is even easier.
My suggestion. Cut your losses now. You already lost so much,,, do not lose more. Learn your lesson!
Imagine that because of spread, when you buy, you immediately lose money and at 100x leverage it is even easier.
My suggestion. Cut your losses now. You already lost so much,,, do not lose more. Learn your lesson!
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 ...
It is a really bad experience but it serves you a lesson to learn also and to find yourself not for trading, it can be in the future but provided that you are knowledgeable enough here. Time to think aside about trading but might consider investing Bitcoin or altcoins this time, and it is much safer than participating ICO or IEO projects.
Im open to sugestions how to get that back, even if it takes time
Since you are obviously not experienced enough in trading, I'd advise you stop gambling and pretend you are trading.
My advice is to get back your loses doing proper work (a job), earning most probably fiat.
If you also want to invest, please do, but always invest only what you afford to lose. (Be very careful in what you invest too.)
Margin trading cant really be easily to messed up because one wrong decision will really cost you a lot and most people do know that margin trade is somehow
similar to gambling when we do talk or compare the risk of it than just doing a manual simple trade.Theres no way for recovery but to start up all over again
but now op is already aware because of the experience.
I have tried margin trading because i thought yeah its easy to make money with 100x leverage but
no is not i was stupid.
Sure, it's way easy to make money if you're using 100x leverage--as long as all your trades go your way, which frequently doesn't happen (you found that out the hard way, unfortunately). no is not i was stupid.
Don't feel too bad, though. You're in good company as far as the number of traders who've gotten blown out when they're over-leveraged. Even some of the most experienced, highly capitalized traders have been wiped out. Anyone remember Long Term Capital Management? If not, at least check out the Wikipedia page on them and how they almost screwed up the banking system because of how much leverage they were using. It's incredible.
OP, as far as recouping your losses, I don't have any sage wisdom to give you. You just got an education that cost you a lot of money, and I'd probably just take a break from trading until your mind is right. And I would definitely not use so much leverage next time--maybe none at all. I've never traded on margin myself and while I'm sure I could have made a tidy profit on a few trades had I employed leverage, I don't have that kind of mindset. I don't like borrowing money, especially for risky things like trading. Good luck to you in the future.
i would say use the last of your funds and try and ride a alt coin Pump
Sure, why not lose the rest of his funds? Very few people get out of "altcoin pumps" early enough to make a profit.
I have tried and suffer loss the same with you. One thing I understand then is that this is a decentralized market yet manipulated there for anyone with huge stash can easily bid/ask price for traders to lose, hit to their stop loss. You'd rather be trading to accumulate coins than trading to get few bucks via margin trading.
Im open to sugestions how to get that back, even if it takes time
Since you are obviously not experienced enough in trading, I'd advise you stop gambling and pretend you are trading.
My advice is to get back your loses doing proper work (a job), earning most probably fiat.
If you also want to invest, please do, but always invest only what you afford to lose. (Be very careful in what you invest too.)
I have tried margin trading because i thought yeah its easy to make money with 100x leverage but
no is not i was stupid.
Sure, it's way easy to make money if you're using 100x leverage--as long as all your trades go your way, which frequently doesn't happen (you found that out the hard way, unfortunately). no is not i was stupid.
Don't feel too bad, though. You're in good company as far as the number of traders who've gotten blown out when they're over-leveraged. Even some of the most experienced, highly capitalized traders have been wiped out. Anyone remember Long Term Capital Management? If not, at least check out the Wikipedia page on them and how they almost screwed up the banking system because of how much leverage they were using. It's incredible.
OP, as far as recouping your losses, I don't have any sage wisdom to give you. You just got an education that cost you a lot of money, and I'd probably just take a break from trading until your mind is right. And I would definitely not use so much leverage next time--maybe none at all. I've never traded on margin myself and while I'm sure I could have made a tidy profit on a few trades had I employed leverage, I don't have that kind of mindset. I don't like borrowing money, especially for risky things like trading. Good luck to you in the future.
i would say use the last of your funds and try and ride a alt coin Pump
Sure, why not lose the rest of his funds? Very few people get out of "altcoin pumps" early enough to make a profit. 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 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.
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 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.
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 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
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.
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.
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.
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.
Get a better job and buy it back.
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;
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.
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 ...
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.
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.
That is horrible to lose BTC gambling, especially watching the bull run that started last night and today!
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.
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%.
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.
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.
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 ...
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 ...
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