Topic: I was losing $18 before but made $26 (Read 479 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.

That is true, using 4x leverage on bitcoin is not too much, unlike on altcoins. Trading bitcoin is also better as you will not be checking bitcoin price and then also checking the price of the altcoins that you are trading. Trading only bitcoin means only bitcoin price will be checked only which is better and easier.

Why is trading futures not a good thing?

How do you know that he is a newbie? Because someone is having a newbie account on this forum, that does not mean he is a newbie.

Most people see you doing well because you eventually made a profit from your trade. But from what you say it seems like you are new to the market and you are trading futures so to me this is not a good thing.


As a newbie and wannabe trader, I think it is better to be a spot trader instead of using leverage in your first trades. Futures trading is much riskier than you think and just because you make a profit on 1 trade doesn't mean you're doing well. I doubt it and it would be hasty to conclude that you did very well and were good.


As a newbie, you rush into futures trading, meaning you want to get rich quick from this market and with this intention, this is not good for you.

It's too early to draw any conclusions based on two completed trades. And the fact that OP currently has a small profit may change overnight and he will lose his deposit after several unsuccessful transactions.

Sometimes trading can be luck and that doesn't mean that op is a good trader or is very skilled. Sometimes we get lucky when trading to place our trade in the direction of the market and suddenly, everything went well. I know a newbie trader that was making huge profits from trading every single day for about a week. I called it extended fortune because he was lucky to be placing trades in the market direction and it was looking as if he was getting it right. After some few days, he started making loses asking questions here and there what could be the problem. This is luck and sometimes we know to be conscious that there will be some days when things might not work for us. Op using a leverage of 4x is cool but he also need to follow strict trading risk management.

I don't see anything you did wrongly with this combination, the £500 is not so bad as capital and neither is the leverage you used. But the question is, are you a newbie or an experienced trader? If you are a newbie, I advise you to stick with the lowest risk permissible by your trading platform. You are still learning so expect many ugly market conditions that might scare you or even anger you, but if you are sticking to a low-risk trading, it will not be too devastating.

Still, ensure you work with a good trading strategy and use good money and risk management. Gaining now doesn't translate to gaining later, you have to know that more losses are ahead of you, what would make you better is how to overcome them with the right psychology, trading system and plans. So get ready for the worst.

As long as you can gain a profit at the end of the day that's the essence of trading not always we are winning our trades we know how does the market is so volatile so the reason why trader makes an analysis do they cut their losses or still holding and now if you see a chance to get back for another trade making a position is the best suitable idea but again with a proper execution and plan and not just by getting carried with your emotions. We count our wins once we're done in trading not during the trades not all trades are wins.

Its a good one but on a cumulative pnl it's such a very risky line of action that shouldn't be encouraged because if the total sum of the market movement is in a direction that isn't in your favor, your losses would be heavy, 4x leverage isn't so bad but aswell a risk leverage margin, as in trading, the most important factor always lays within your ability to manage your risk and funds so well as risk management and funds management are the bases and bedrock of trading, away from that, you may have very slim lines of profitablity or may not be profitable eventually.

Losing shouldn’t scare you as a trader, especially if you’re just starting out. Every great trader has faced losses and struggles because that’s how we learn: trading is no walk in the park! If you want to excel in this field, you need to put in the effort and respect the risks involved.

Success comes when you do things right and strive for improvement. Remember, it’s not all about winning all the time. Given the volatile nature of the market, there will be moments when you’ll take losses. This is totally normal for every trader, no matter how experienced you are, because we can’t control market movements, which could lead us to trading against the trend. 

Yes, that's good. Any profit is preferable to a loss. You use low leverage and this is also good. But you also need to learn more about risk management so that your further trading is safer for your deposit.

if you're trading future and have unrealized floating loss right after you're opening your position, it's normal, very normal if i'm being honest, the important thing is you set SL and make sure it's around the resistance with some toleration to avoid getting long or short squeezed.

if you're making profit right now then good for you, trading with 4x leverage is still on the responsible trading side in my opinion, it only become reckless when you leverage more than 10x.

keep up the good work and eventually you will get used at how future trading work and how to take full advantage of it.

I agree, if we see our fellow traders making good money or at least in the net positive then it's good. And he said that he is losing $18 initially, and maybe he learn some mistakes along the way and so at the end of the day, he made $26.

It might not be that big for some, but I guess the lesson here is that we should not be in a hurry to make big profits, as long as we are making good return in a day or two, then that is good enough. Until we become seasoned trader, and knows a lot of tips and tricks along the way.

So keep it up and hopefully you will come back with a big profits here.

You mean you didn't close your position when the profit is negative $18 and you keep holding position and later you gained $26 before you closed position?
I don't know exactly what your strategy is, but your risk ratio is nearly 1:1 if $18 is your target loss and $26 is your target profit.
Are you trying to gamble on leverage trading?

My advice is to be consistent and keep learning. I have a good source to start learning about technical analysis check this one Getting Started with Technical Analysis

It was the same trade. I did not lose $18 but I was losing it before and later I gained $26 before I closed the position.

Yes, that's good. As long as you're making money with your trades. You're not a bad trader at all and having these losses in the past, they're normal.
You're on the right track but if you're good with 4x leverage, that's not a lot but still quite risky IMO. Anyway, others have been risking all of their lives with that thought that 10x leverage isn't something risky at all.
Good job, OP!

Yes good, in my opinion you did a good job as a beginner, you lost $18 and won $26 which means you came out with a net profit of $8, it is true that it is a small profit but it is better than coming out with a loss.

It is also good that you did not risk a large capital at the beginning, it is also good to follow a profit-taking strategy even if it is small at the beginning until you gain enough experience and then you can follow your own strategy that you have acquired through many experiences.

The challenge for most traders is not to be successful once in trading but to maintain a consistent profitable result from each trade.

If you are new to trading, appreciate these small victories, but do not let them derail you from your ongoing efforts to consistently make money from trading because more knowledge is always required. A trading strategy that is able to earn you some little amount of money will be able to earn you more as you strive to master it, and mastery will only come when learning continues.

It is good. You must realize that there are unrealized profits and losses; they will be paper losses that have not yet been realized. You will be a successful trader if you don’t lose a lot of money and keep growing every trade. It wouldn’t be perfect, but as long as you stay consistent with trying to trade.

Based on your trade it’s good. Keep it up!

That's trade basically, it's either you're losing or winning your position. However, don't let this win get into your head, continue maintaining whatever risk tolerance strategy you're using and don't get greedy.

Like the first comment above, I'll also emphasize on you doing some critical evaluation on the two trading outcome you've now. Get to know why the other trades we're in lost and why you won this very one. It will help you to know you uncover underlying mistakes you were not paying attention to or probably was ignoring.

It's normal to lose in trading, like you said you lost $18 before If it was the same leverage as what you did today and made $26, your ratio is pretty near to 1:1.

Are you consistently following the default risk-reward ratio, or it just depends on your guts when to exit? without stop loss, you will always lose high amount.

If you are still a beginner, then you should learn from your mistakes, review what you did, and see why you lost $18 before and won $26 today.
Anyway, congrats on your profit and be consistent.

This is today's trading

I was losing $18 before but gained $26. £500 as trading asset with 4x leverage.


https://talkimg.com/images/2024/09/24/gLlAw.jpeg

Is that good?