Topic: I was losing $18 before but made $26 (Read 477 times)

You should considers your losses is a lesson so you will fix your trades and make a profit. It is normal to loss in trading because the market condition can not always as we want.

You can learn more about analysis because that is the way you can analyzes the market. You will have more chances to make a profit if you have good skills. Not many traders can turn their loss into their profit because they can desperate and don't want to try to trade to recover their loss and profit from trading.

I am sure that it's lower today, because the price dropped today. However, that is not the point and we should not be worried about it and we shouldn't be getting confused about leverages since it's such a risky move and shouldn't really be bothering us at all. I understand that it is not going to be that clear to handle all of this right away, because many people do not understand this leverage market thing but the reality is that if you have to ask a question like this then Op should probably not deal with leverages, leverage is not their way of moving forward.

I believe that the best thing to do would be just focusing on whatever we can get, and if we are not really good at this then we shouldn't be worried about getting good at this first, but find what we are good at. If spot trading or day trading is better for you then maybe you should be doing day trading and not leverage, if you have to ask if something is good or not then you are not ready for leverage trading yet.

It is not good, you lose one, won a little bit more than one. It's not good risk:profit ratio for your trading strategy. Risk:profit ratio is recommended as 1:3, means risk must be smaller than profit, when you're considering of a good entry for one trade position.

One thing to note, also to warn you, the 4x leverage is very risky, I don't recommend you continue using this high leverage.

If you still want to leverage your trade position, lowering it to 2x leverage and don't go more than 2x. If you use 4x, you will have high risk of liquidation, and if you go beyond 4x, you will lose all your trading capital soon.

Did you use stop loss order?
This order type is one of best weapons in trading.

It’s good for today since I only see today own. Winning and losing in trading is a normal thing. I can't judge your professionalism in trading yet because this is just for today and maybe you started new, but it’s good. I can see you were patient because, as you said, you were losing and later got into profit again, which means you know what you are doing. It will be good if you keep the winning consistent, although there must be losses sometimes, but it shouldn’t be too much. Also, know how to manage your risk. Trading is very risky. 

I'm not too expert in trading but I will like to share you some advice that you may need especially seeing that are you are the type that loves futures. When there is good news about Bitcoin, don't short the market that time because usually the market is always volatile and you might be prone to liquidation that you might not see coming. A lot of good news were announced this September and I can see that you shorted, you may not be safe the next time you shrot the market.

In addition to your risk to reward ratio, it was very high. You risk trading $500 to make $26, if the price has go down than what you had initially loss or $18, I'm not sure if you are going to love trading again. I'm sure you just set this trade up without the chart. Your reward should be atleast $50 bucks and above for it to be worth risking that $500 else it's a very poor management skill you just pulled.

It is a pity that in reality not all deals bring profit. When I started trading and got the first $30 profit, I immediately multiplied this amount by 30 days and thus calculated my monthly income from trading. I think I don't need to explain why I didn't get $900 profit at the end of the month)

good enough but your ability to trade will be tested once there's market swing, at that time your ability to read the market based on TA will be the ones that determine your profitability.
if it's just one trade I won't be too optimistic since you can very well be losing on the next trade if you trade recklessly. but since you've made profit and can endure your loss until it becomes profit is already commendable so to speak.

So i'd say, it's good, but keep track of your historical trade to know your performance and decide accordingly to the performance and try to improve on it. just my 2 cents though.

This is the key to becoming a successful trader, anyone can get a win once in a while but that does not really matter, what matters is the ability of a trader to do this consistently, I do not know if the OP used a demo account to test their strategy, but if they did not, then this is the perfect moment to do it, as only by doing something like this you can realize if your strategy has any merits and whether or not it can produce the profits you are expecting out of it.

Yeah that was its essence because I think there is no fun part here. I mean we are only seeing the charts, numbers, lines, at all times. If it was gambling then it is fine to lose because we still can get a bit of entertainment here.

However in trading, whether we like it or not, there will still be times that we can end up as a loser. This is only normal but as long as it is not too much. I don't mean that the capital that we risk is high but I mean the number of times we lose versus the number of times we win or profiting. Risking capital that we can afford to lose is still necessary even though we are confident already about our ability.

Volatile market must be normal and this is why it is possible for traders to profit. Analysing is not only for cutting losses but it is also for earning more profits. Trading is not always about selling and buying but like you said, holding can also be adopted here as a strategy. This helps us to recover and still bounce back in a losing trade. Planning must also be there and this can make us to execute properly with or without the involvement of our emotions.

This is what they say that we must not count the chickens first if the egg is not yet hatched. I think it is because not all eggs can successfully hatched or if they can hatched, not all are going to survived.

It's so good that there's less time left to lose all your money if you haven't already, if you haven't lost it already, since you haven't logged in to the forum for a few days. Losing 18 and ending 26 up is normal in a trading session with 500 bankroll and 4x leverage but what is even more normal is that at most in a month (and usually much earlier) if you continue with intraday trading you have lost everything.

actually true, $26 daily from trade is actually already a good deal, if OP can consistently score this profit in just a month it will accumulate to something even greater.

just an advice for OP, never overtrade and greedy, just recently I suffered loss because I didn't realized my floating profit from my future contract and instead market taking reverse and now i'm in loss because my SL hits.
winning today doesn't guarantee winning tomorrow, the money we earned from the market could always get robbed by the market again, always trade responsibly and never trade based on emotion and one more thing, never ever over leverage just because you're feeling lucky . I've been losing a lot by over leveraging.

I am not saying that futures trading is bad or good, especially this is a trading discussion board, I mean newbies should not rush into futures trading because it will cause unpredictable consequences for them. Honestly, I don't see any benefit for a newbie to enter the market and start trading with leverage, it shows that they are just trying to gamble instead of being serious about their investment journey.

You are an experienced investor and trader in the market, I think you understand very well the risks of trading futures and especially its impact on those who lack knowledge, newbies. Right?


I don't judge OP as a newbie just because he has a newbie account on the forum. I guessed he was a newbie by the way he talked, and by what he said, I don't think people didn't realize he was a newbie.

@OP, can you tell us if you are an experienced futures trader or just new to futures trading?

           -      It's not bad; at least you made a profit by doing a trading analysis on your bitcoin activity there. Congratulations, OP. As long as you remember the right things you're doing, you get a profit from your trading activity. Because you know in trading that not every opportunity is correct in the trading analysis we do.

Especially if you experience that you are always losing where you often experience the lack of control over their emotions, good luck and congratulations to you, Op.

From small profit, he can try to increase his profit by trading more often but with one condition, he must learn more about analysis so he can know what coin and when to enter the market. Although it is not easy for a beginner, if he have an effort to learn more, he will have the same thing as the veteran in trading. The important thing is how he can realize that he have a chance to make a bigger profit and will not stop or frustrate with his profit or lost in trading. Even a veteran also experience consecutive losses so they don't have to feels not confident with their skill because they can learn more and improve his skills.

Actually, more wins to the OP.
However if the OP is still new to crypto trading he will eventually lose some days just like the way he was already losing $18 before he made $26 and was having about $8 as a Profit.
Although, most trader can make more than this amount everyday and if the OP knows how to trade very well, he could be able to start up with bigger (the ones he can afford to lose) and trade with it, maybe he might profit more than $8.

Which means you actually recovered your lose and added extra profite of $8, which is actually good. If you are trading with a low leverage like the 4x, you will not easily be liquidated but your profit won't be high, no matter how small the profit, if you can still be making $26 profit from your trade on a daily basis, that is still cool.

small profit at the beginning is good enough, it can be confidence for traders to learn more from the next trade. it is not easy for a beginner to make a profit, even some beginners experience consecutive losses before making a profit. so OP can be grateful for the results of his trade. and of course, it can develop trading capital in the future.

the most important thing for OP is not to be satisfied with the results. develop your trading skills. you must realize that there is a lot to be developed until you are truly successful with your trading.

You still profit $8 from your trading. That is good for traders and that will be okay if you only gets that amount of profit. I am sure you will get bigger profit next time. You have to be sure with your skill and keep trying to trade because we never know when we can profit.

Losing is part of learning so when you can learn from your mistake, you will be more understand how to avoid. Do not give up like that or feel not confident with your skill because it is normal if we lose in trading. Next time we will profit more than before so you need to keep learning more.

It also seems obvious to me that the OP is newbie to trading. Since this is not the result that would be put on public display and at the same time still be interested in the opinion of others about the two conducted deals. In contrast, an experienced trader can independently analyze his trade and draw appropriate conclusions.

Sometimes you will lose money by trading and sometimes you will gain because the market is changing every moment and this change can be both positive and negative. No trader is sure before trading that he will be able to make hundred percent profit from this trade. Different traders take the risk of buying coins at the right time using only their own skills and sometimes they succeed in trading and sometimes they fail.