dang that's really unfortunate, but seeing your trading PNL records over these past few days you seem to be having good time trading if not for this small mistake you will be on a positive PnL streak.
I'm sure you can make the money you lost back again eventually with your performance, but yeah, always watch for the leverage, since it's the biggest factor that I think can make us lose our money.
more than 10x leverage, it's basically liquidation fest and I have the habit of always re checking leverage because it's just that important.
I think you should do recheck too, just to make sure in your future trades.
Topic: Something terrible happened to me today - page 2. (Read 219 times)
Well, I'm not the Trading kinda person, due to the high risk in it, I prefer to do more of long-term HODLing, but I do have basic knowledge of trading and I understand how it feels when all your trading money gets liquidated all because of a single mistake that could've been easily avoided. Oh well... Perhaps this I believe teaches two very important lesson every trader should learn, but it's too bad you had to learn it the hard way.
Lesson one, is to always double check everything and apply extreme caution at all time, I believe with this, you'll be able to avoid subsequent situations or occurrences. Second lesson is to always at all time use funds you can afford to lose for trading, so if these kinda mistake occurs, you wouldn't feel much of the impact. But still sorry about what happened to you mate.
Lesson one, is to always double check everything and apply extreme caution at all time, I believe with this, you'll be able to avoid subsequent situations or occurrences. Second lesson is to always at all time use funds you can afford to lose for trading, so if these kinda mistake occurs, you wouldn't feel much of the impact. But still sorry about what happened to you mate.
It seems that you chasing something, that is why the result turned out that way with bad result: "the higher the margin is, the higher the risk is." You are near to liquidation if you keep using a higher margin unless you know how to manage risk or know where to set the stop-loss.
Next time, if you are in a rush or chasing something, always double or triple check your setup before you click the buy or sell position. This is a pretty common mistake, even me I sometimes set it to 25x or more than that without notice because of multiple views or tabs. I didn't know one of the tabs was set to a higher margin, that turns my position got liquidated pretty quickly.
Next time, if you are in a rush or chasing something, always double or triple check your setup before you click the buy or sell position. This is a pretty common mistake, even me I sometimes set it to 25x or more than that without notice because of multiple views or tabs. I didn't know one of the tabs was set to a higher margin, that turns my position got liquidated pretty quickly.
Sad day for you in trading, it do happens at time and that is why you ought to use either a computer for trading so as to avoid mistakes of figure tapping instead manually clicking the leverage bottom to set the amount you want to leverage on, that minimise the rate of mistake selections of number in the leverage percentages zone.
Also when next you trade, always double the whole homepage that be sure everything is currect, before taking such a position.
Also when next you trade, always double the whole homepage that be sure everything is currect, before taking such a position.
Sometimes things like that happen, but at least you know you’re good overall, aside from that one mistake.
I’m sure it won’t happen again if you learn from it.
I’m sure it won’t happen again if you learn from it.
I have been having a very good October until few hours ago. I short a coin, I wanted to use 1x margin ratio but I mistakenly used 25x which got my trading money liquidated.
If I have used 1x leverage, I would have won today with my strategy.
https://www.talkimg.com/images/2024/10/10/i02Kz.jpeg
If I have used 1x leverage, I would have won today with my strategy.
https://www.talkimg.com/images/2024/10/10/i02Kz.jpeg
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