Success in futures trading after long wait. - page 2.

ScamViruS

hero member

Activity: 1750

Merit: 720

Top Crypto Casino

Quote from: Accounts Seller on February 12, 2023, 02:29:54 PM

As Far my Experience you can recover your trade by more invest if you have enough backup money to avoid liquidity. Crypto price is not Stable so you can recover. I sharing my Fureture trade present position. but still not crazy! if I'm wrong then I want to Learn more...

If the market goes against your position, it can become a thorn in your neck if you have to add funds to save this position from liquidation. Because if the market becomes more volatile and eventually your defense strategy fails then you will face a huge loss. So risk management is the most important thing in futures trading, here as you can make quick profits, you will also face huge losses due to small mistakes.

Coin_trader

copper member

Activity: 2758

Merit: 1163

Leading Crypto Sports Betting & Casino Platform

Quote from: Rigon on February 22, 2023, 09:00:42 AM

There is no difference. If you understand trading well then you will find it easy to trade on any platform. If you have all the trading techniques and experience then you can trade from any trading platform without any problem. Especially many people do not trade on futures trading platforms very few people trade on futures trading platforms. Basically futures trading platform is very risky. Only those who are not afraid to take risks trade on futures trading platforms.

There’s some difference which is not noticeable if you didn’t paying attention small details. Exchange have different:

maker and takers fee when you open position
market value price
liquidity

Liquidity is very important to have a better chance to avoid liquidation. Some exchange has better buy or sell wall volume which often helps trader to avoid liquidation. Some exchange that has thin liquidity on order book usually have a strong price wick that typically liquidates all open position along the way.

Pandu Geddon

hero member

Activity: 826

Merit: 583

Bons.io Telegram Casino

Quote from: Rigon on February 22, 2023, 09:00:42 AM

Especially many people do not trade on futures trading platforms very few people trade on futures trading platforms. Basically futures trading platform is very risky. Only those who are not afraid to take risks trade on futures trading platforms.

You are right, more people who already understand the risks of futures trading, will avoid this trade after trying several times and possibly losing.
we can't blame the platform or the futures trading, but indeed everyone's skills and abilities in trading are different.
in fact, there are now more and more YouTubers posting their futures trades which is finally attracting interest from new traders. I can't say it's bad, but this market gets more interesting when more newbies enter the market.

Rigon

sr. member

Activity: 994

Merit: 441

Quote from: Eureka_07 on February 18, 2023, 10:46:50 AM

Quote from: LUCKMCFLY on February 17, 2023, 10:23:38 PM

Does a platform choice really matters that much? I mean, does using of Kucoin instead of Binance really made a difference?
I thought it will be the same most of the time.
Anyways, I rarely do futures trade as I am not that confident from my trading skills.

There is no difference. If you understand trading well then you will find it easy to trade on any platform. If you have all the trading techniques and experience then you can trade from any trading platform without any problem. Especially many people do not trade on futures trading platforms very few people trade on futures trading platforms. Basically futures trading platform is very risky. Only those who are not afraid to take risks trade on futures trading platforms.

Eureka_07

sr. member

Activity: 1750

Merit: 260

Binance #SWGT and CERTIK Audited

Quote from: LUCKMCFLY on February 17, 2023, 10:23:38 PM

Does a platform choice really matters that much? I mean, does using of Kucoin instead of Binance really made a difference?
I thought it will be the same most of the time.
Anyways, I rarely do futures trade as I am not that confident from my trading skills.

LUCKMCFLY

legendary

Activity: 2394

Merit: 1848

Leading Crypto Sports Betting & Casino Platform

Quote from: tvplus006 on February 03, 2023, 08:12:02 AM

Quote from: Rigon on January 22, 2023, 01:55:30 AM

...The bloody year 2022 ends and in 2023 the market is slowly pumping and all my losses are recovered and I see profit.

It's very good that you're in profit again, but it would be better if you used a stop loss. Do not make such a mistake again, and if you intend to continue to hold your position, set a stop loss so as not to sit again for several months, in the hope that the price will return to your point of purchase.

Well to be honest yesterday I tried to trade futures but I can't deny it scared me I have no experience I think before I'm going to look for a lot of tutorials as I need to be able to study everything without needing to be wrong though there are some friends that they recommend me to operate in KUCOIN, that in Binance the success rate is not very good, especially a friend who is in Spain told me to do it in Kucoin with 4x leverage, without the need for so much technical analysis, obviously using a good Stop Loss, in that sense I still haven't decided, and I'm not ashamed to say that it scares me, in itself it is money that we are risking and I think that nobody likes to lose money.

Oneandpure

sr. member

Activity: 2030

Merit: 306

Quote from: Rigon on February 11, 2023, 02:08:48 PM

I almost always keep myself busy while trading. But after all that I lost a lot of money from the trading platform. I have experienced liquidation several times, especially on futures trading platforms. Even then I can't keep myself away from the trading platform. However, just as it is easy to profit from futures trading platforms, it is also very difficult to retain those profits from futures trading. After making a lot of profit from the trading platform, I still can't keep the money. Sometimes when liquidation eats up, twice as much money is lost than multiple gains are made.

I don't know what kinds from your mentality keep strong facing have experienced liquidation several time in future trading, actually not all people have strong mentality not only in future trading but also many trader or investor looks frustrated when facing their assets coins going drop. I was excited with your mentality in future trading and seems never give up before success earn much profit later and recovery with how much your loss.

May I know each open position in future trading between short or long position open how much your margin fund? did you entry ever position opening above $100 or you all in margin in one position only without having several coins between open short or long.

Accounts Seller

copper member

Activity: 88

Merit: 0

As Far my Experience you can recover your trade by more invest if you have enough backup money to avoid liquidity. Crypto price is not Stable so you can recover. I sharing my Fureture trade present position. but still not crazy! if I'm wrong then I want to Learn more...

pawanjain

hero member

Activity: 2674

Merit: 713

Nothing lasts forever

Quote from: Rigon on January 22, 2023, 01:55:30 AM

I joined the futures trading platform a few months ago. There I buy 50 SOL 6x. After I participated, a bad news hit the market. And the bad news is that FTX is bankrupt. Then there was a huge loss on my futures trading platform. I continued to liquidation there without giving up. At one point while adding liquidation my total balance became very high and liquidation also came down and loss went to high level. The bloody year 2022 ends and in 2023 the market is slowly pumping and all my losses are recovered and I see profit.

That was indeed a huge loss that you have successfully recovered but you must know that what you have done is not encouraged in trading.
You haven't put any stop loss and kept adding funds to avoid liquidation which are bad signs in trading.
Also, once you have recovered the loss you are still holding your position instead of booking the profits.
I suggest you to book the profits and revalidate your analysis and then keep new orders with stop loss and target price.

Peanutswar

hero member

Activity: 1498

Merit: 974

Bitcoin Casino Est. 2013

In the execution of trading better to make sure you are kept aware of the news and trends because this affects the price movement better to set a stop loss and take profit so you don't need to get watch always the market price movement.

Quote from: un_rank on January 22, 2023, 02:26:42 AM

This is the internet. Do not reveal your trading or wallet balance here as it gives random people too much information about you.
You could recognize breaking even after a long wait, without oversharing.

It doesn't matter if OP have full security with the Binance and does not share the primary information for account verification you don't need to get bothered too much.

NicNacCoin

sr. member

Activity: 1288

Merit: 451

Sugars.zone | DatingFi - Earn for Posting

OP thank you for not giving up and holding on tight. There are many traders who get frustrated after taking losses and cancel the trade on their own. But instead of doing that you are also holding long on the futures trading platform. As a result of which you have seen success. But you should have used stop loss profit here. Futures trading platform must use stop loss profit very important thing. And my another piece of advice is to never sit on a futures trading platform for a long time hoping for high profits. Sitting greedily and waiting for a long time is very dangerous and risky for the futures trading platform.

bhooscream

full member

Activity: 728

Merit: 117

I really understand how it feels to be successful and get high profits in futures trading after receiving many defeats and losses. Of course this is very exciting and also profitable. but on the other hand, this would actually be risky if we didn't have good financial management because we might want to trade more without knowing how to control our finances. So, it would be better if we stayed under-control and weren't too happy to keep our emotions in check. us to carry out further trading activities.

ScamViruS

hero member

Activity: 1750

Merit: 720

Top Crypto Casino

Quote from: Rigon on February 11, 2023, 02:08:48 PM

Quote from: ScamViruS on February 01, 2023, 08:06:21 AM

Same thing happened to me but you have to learn from previous mistakes and focus on improving your own skills. When you open any position, it is also important to use stop loss so that your account does not have to go negative as before due to unexpected market movements. Because I say from the experience of futures trading that it is easy to make profit here, but it is very difficult to hold that profit. Many times my profitable trades ended after liquidation!

So deploying effective defenses is very important in futures trading, I have learned this through many failures. Congratulations on recovering your losses.

I almost always keep myself busy while trading. But after all that I lost a lot of money from the trading platform. I have experienced liquidation several times, especially on futures trading platforms. Even then I can't keep myself away from the trading platform. However, just as it is easy to profit from futures trading platforms, it is also very difficult to retain those profits from futures trading. After making a lot of profit from the trading platform, I still can't keep the money. Sometimes when liquidation eats up, twice as much money is lost than multiple gains are made.

This is the big problem. Futures trading becomes addictive, as a result of which the trader gets overconfidence if he takes profit in a few trades and therefore he starts looking for opportunities to take more trades, and those profits he loses with wrong trades.

After reading your experience, it is understood that even after one liquidation in futures trading, he cannot quit trading. And if he finds a way, he deposits the funds on the trading platform and starts trading, even forgetting past losses! I myself have lost a lot of funds this way, still unable to change that habit.

Rigon

sr. member

Activity: 994

Merit: 441

Quote from: ScamViruS on February 01, 2023, 08:06:21 AM

Same thing happened to me but you have to learn from previous mistakes and focus on improving your own skills. When you open any position, it is also important to use stop loss so that your account does not have to go negative as before due to unexpected market movements. Because I say from the experience of futures trading that it is easy to make profit here, but it is very difficult to hold that profit. Many times my profitable trades ended after liquidation!

So deploying effective defenses is very important in futures trading, I have learned this through many failures. Congratulations on recovering your losses.

I almost always keep myself busy while trading. But after all that I lost a lot of money from the trading platform. I have experienced liquidation several times, especially on futures trading platforms. Even then I can't keep myself away from the trading platform. However, just as it is easy to profit from futures trading platforms, it is also very difficult to retain those profits from futures trading. After making a lot of profit from the trading platform, I still can't keep the money. Sometimes when liquidation eats up, twice as much money is lost than multiple gains are made.

Mpamaegbu

legendary

Activity: 2688

Merit: 1208

Once a man, twice a child!

Quote from: Rigon on February 01, 2023, 06:02:07 AM

Quote from: Mpamaegbu on January 24, 2023, 03:34:06 AM

~snipped~

At the first stage when I started trading I took a trade with 300 dollars. Since then, the market is dumping, I add step by step liquidation. At point time my total balance was over $900 when adding liquidation. When the market goes up again I transfer from the dollar trading platform and add to the spot platform. Maybe that's why you can't find any similarity between my two pictures.

I don't think that's a good way to trade. Why not take the loss and exit the market by setting a Stop Loss (SL). You can get in back and make more profit after it retraces if you still believe in the direction of your trade. I used to trade in a similar fashion and would martingale my positions or sometimes hedge my positions. In most cases I still lost those positions even after days (I've actually held some into weeks) of trying to save such situations. It's a waste of time not setting a SL.

Bobrox

sr. member

Activity: 1162

Merit: 253

Quote from: tvplus006 on February 03, 2023, 08:12:02 AM

It's very good that you're in profit again, but it would be better if you used a stop loss. Do not make such a mistake again, and if you intend to continue to hold your position, set a stop loss so as not to sit again for several months, in the hope that the price will return to your point of purchase.

Stop loss can minimize losses, especially when trading in futures has potential losing all fund after liquid notification and small fund back up recovery for margin fund. Some trader not care about stop loss because they have enough margin fund and have far away from liquidation price, actually I agree using stop loss in future trading than become long term holding with funding fees each 8 hours in Binance and make our margin reduce every day.

I used stop loss not only with future trading but also spot trading always use stop loss behind 20% loss from my price investment, not bad loss small fund but have chance recovery and earn much profit later.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: Rigon on January 22, 2023, 01:55:30 AM

...The bloody year 2022 ends and in 2023 the market is slowly pumping and all my losses are recovered and I see profit.

It's very good that you're in profit again, but it would be better if you used a stop loss. Do not make such a mistake again, and if you intend to continue to hold your position, set a stop loss so as not to sit again for several months, in the hope that the price will return to your point of purchase.

Pandu Geddon

hero member

Activity: 826

Merit: 583

Bons.io Telegram Casino

Quote from: Johnyz on February 01, 2023, 05:12:19 PM

Quote from: ?? on ??

It is important to be able to perceive success correctly. And then for some, success can be quite fast, and then a wave of failures, after which the trader can simply leave such a job.

There’s a certain level for success and with this, OP is able to recover the losses he incurred last year in just a month, so lucky to those who are still doing good in this market and not giving up despite of their losses and mistakes. There’s always an opportunity to rise here, once you manage and know what to do expect to recover the money you’ve lose in the past, just continue to improve your strategy and focus on what is working.

looks like the OP learned from his experience. it's good when he doesn't give up after losing a trade he takes. because indeed futures trading has its level of difficulty. and it seems the OP has found a solution to the difficulties experienced.
now it's just a matter of how the OP will develop the skills and experience he has. because market conditions will always move. and futures trading that looks very easy just guessing price movements. it's not that easy.

AicecreaME

sr. member

Activity: 2324

Merit: 454

Quote from: Bitcoin_Arena on January 22, 2023, 07:03:51 AM

Maybe I am a little off, but I don't think this is a success yet until you close the position. You are only looking at "unrealized" profit. What id you wake up tomorrow and slow is down to $5, way past your liquidation price. Will it still look like a success?

Please, put in some risk management too, it could have gone worse and all your big position might have all been wiped. I am not sure if you would talk about that big loss too here.

Otherwise, good luck in your trades, it's a learning process all throughout

I agree.

That's why I always say to myself "take profit when you're happy" because most of the time, greediness will just bring us more losses in the long run especially the technical analysis we made is for a certain timeframe only that is not applicable for a long hodl 'till you make profits on your trade. Always put a stop loss and take profit to gain profits even though it's small or big, it's still a profit after all rather than having nothing.

Johnyz

full member

Activity: 2086

Merit: 193

Quote from: ?? on ??

It is important to be able to perceive success correctly. And then for some, success can be quite fast, and then a wave of failures, after which the trader can simply leave such a job.

There’s a certain level for success and with this, OP is able to recover the losses he incurred last year in just a month, so lucky to those who are still doing good in this market and not giving up despite of their losses and mistakes. There’s always an opportunity to rise here, once you manage and know what to do expect to recover the money you’ve lose in the past, just continue to improve your strategy and focus on what is working.

Topic: Success in futures trading after long wait. - page 2. (Read 754 times)