The way you work seems good and I want to say that the Time when you enter the market was not profitable and there is a time when someone face continuous failure but you does not stop here and work more your achievement is appreciable.
2022 was not a good year for all crypto trader and now those who remain holding become successful because it is now profitable. SOL is now elevated and those who hold it will get more money in 2023 as compared to those who sell it in 2022 at low price at dump market.
Topic: Success in futures trading after long wait. - page 4. (Read 785 times)
this is the best thing that you work hard and do not loss hope. A person always get failure if he get disappointed after a single failure. You worked better and now recovering your losses but I think that future trading is risky and its not a good option to be involved to get benefit. May be someone get fruitful results but it's not for every individual. Now there seems to be up in market so everyone who hold some coin will undoubtedly get fruitful results in recent year.
We may feel disappointed with what we have got from trading but that should not stop our efforts so that we can benefit from trading.By continuing to try to trade and learn to analyze better, one day the situation will change and we will be able to make a profit.
But when we can benefit, we must not feel arrogant because that can make us forget what we have experienced.
But to try trading in the future requires not only skill in analysis but precision for buying and selling orders and don't forget to set stop-losses to avoid big losses.
Futures trading is not easy, especially for people who are not used to trading.
From the two pictures you brandished here, PNL in the first picture is far higher than what we have in the second. What is $77 in profit compared to $509 in loss. Again, you didn't show us what your balance was in the first to enable anyone who is inquisitive know where you got liquidated, or you didn't? I doubt if you didn't on that trade. Anyway, this isn't to put you down but I would like to think that trading without a SL isn't the best way to go about it.
this is the best thing that you work hard and do not loss hope. A person always get failure if he get disappointed after a single failure. You worked better and now recovering your losses but I think that future trading is risky and its not a good option to be involved to get benefit.
May be someone get fruitful results but it's not for every individual. Now there seems to be up in market so everyone who hold some coin will undoubtedly get fruitful results in recent year.
May be someone get fruitful results but it's not for every individual. Now there seems to be up in market so everyone who hold some coin will undoubtedly get fruitful results in recent year.
Nice shot. Tell us more later in few months ..
Wonder if you can keep that up or ended up with a deep losses due you get attracted by the higher margin ... most people through this phase of future trading experiences , i wish you can keep that good form to win such huge multiplier , just renember that there is much more risk in it.
Wonder if you can keep that up or ended up with a deep losses due you get attracted by the higher margin ... most people through this phase of future trading experiences , i wish you can keep that good form to win such huge multiplier , just renember that there is much more risk in it.
Futures trading has a higher risk than spot trading. If you are not ready for futures trading, everything will be lost easily. But you will get a sizable profit when you continue to add liquidation until the market reverses.
But it's worth the risk. Not only will psychology play a role in futures trading, but analytical skills and also the resilience of trading reserve capital will also affect it. If it has been liquidated and cannot turn things around, then there will be no other opportunities to make a profit.
Trading also requires a strategy, not just placing an order and leaving it. you don't use stop loss to stop losses, that's very fatal. trading but like gambling, guessing ups and downs.
But it's worth the risk. Not only will psychology play a role in futures trading, but analytical skills and also the resilience of trading reserve capital will also affect it. If it has been liquidated and cannot turn things around, then there will be no other opportunities to make a profit.
Trading also requires a strategy, not just placing an order and leaving it. you don't use stop loss to stop losses, that's very fatal. trading but like gambling, guessing ups and downs.
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.
You really have the spirit to keep waiting and continue trusting your strategy, and did great in the end. But I tell you that your chances are very low, you are trying to chase your losses, and not using the stop-loss makes you even more chances to lose. I'd see it not really a form of luck as Solana got a spike in its price but something close to that because if not never happen, it takes you another month or years to wait.
I continued to liquidation there without giving up.
No stoploss? Be clear, you continued to "gamble" without giving up.The bloody year 2022 ends and in 2023 the market is slowly pumping and all my losses are recovered and I see profit.
Be careful and wise mate. This may be our successful trading, but if you want to continue doing future trading, I hope that you need to learn again about it and not like gambling only. You may win once this time, I don't know if that is only luck or if you have been analyzed the market. But, you will still have big risks in the front when continuing future trading. Never be satisfied easily with the result of future trading because it may lead you to be careless or doing some mistakes again. Keep it up to make better learning and trading process again. 
I think you should also increase the portfolio. By that I mean you should not put all the money in single coin and also have more profits to show us all with that kind of investment. With that you will have few advantages like you won’t be gambling your money in one place, you will have security of one coin over other. I think it can really help you gain the ROI very fast if market reaches bloody level one more time. Technically speaking this is not big investment that you have done, may be it’s just a trial for you. Or consider one that way to achieve bigger success in the future investment.
I agree, that's called diversification and if you could put your money into 20-30 different things, even if they are leveraged, it would probably not be the same result and you should be fine. I do it on long term investment, I try to diversify as much as I can, although not do that with bitcoin because nearly 50% of all my money is in bitcoin right now, but the rest I try to diversify.And when I ever try to do futures I try to do it with as small as possible, like 50-100 dollars at most and if I am right then the return is usually pretty great, nearly as much as my whole salary, but if I am wrong then I get to lose just a bit, not a huge amount and I could live with that.
Congratulations on recouping your losses and beginning to profit from your previous investments. Only the strongest and most determined will stay and watch the market recover after losing so much. You are a good example of a determined and focused trader, and you are to be addressed as a long term holder beneficiary.
Given this, it is not advisable to make your earnings public; it is similar to a public market place, and you have no idea who is spying on you now and looking for a way to infiltrate into your savings. Be cautious and watchful with your investment.
I think the lesson that we can get here is to keep on hoping that everything will be just fine even during a storm and that storm is when the FTX collapse, as we all know that they play a major role in Solana but apart of that, Solana is also have its own issues. That took a lot of damage to the coins but lately I am seeing some positive news about the coin, everyone is saying that it is now recovering again.Given this, it is not advisable to make your earnings public; it is similar to a public market place, and you have no idea who is spying on you now and looking for a way to infiltrate into your savings. Be cautious and watchful with your investment.
That's great and let's hope this will last a long time and we should be able to pull out our profits before it dumps again. There is nothing wrong if OP show his balance. So many traders are also doing the same thing. Hackers can't just access it because Binance has a robust security.
I would not gamble with futures trading without a good strategy. It is clear to me that futures trading is much riskier than spot trading, and that is the assumption I have had so far.
Spot trading is even more profitable and provides a sense of comfort for traders even though the market is correcting. I have been able to accumulate assets when their prices have fallen, and that has made me profitable too. Instead of trading future without a good strategy to avoid lot of losses, then I think the best advice for you is to trade the spot for potential long term assets.
Spot trading is even more profitable and provides a sense of comfort for traders even though the market is correcting. I have been able to accumulate assets when their prices have fallen, and that has made me profitable too. Instead of trading future without a good strategy to avoid lot of losses, then I think the best advice for you is to trade the spot for potential long term assets.
Firstly I wanna congratulation you on your this profit. But I will tell you to change your strategy because if you continue to liquidate every trade like this then your profit will be completely lost again. Futures trading is very risky liquidation here is also very risky so one should be satisfied with small profit every time. If the liquidation is held in the hope of higher profits, then one has to face losses
So I would say that you can keep your capital fund and then take the trade again with the profits and there also you can do the liquidation strategy.
So I would say that you can keep your capital fund and then take the trade again with the profits and there also you can do the liquidation strategy.
I think you should also increase the portfolio. By that I mean you should not put all the money in single coin and also have more profits to show us all with that kind of investment. With that you will have few advantages like you won’t be gambling your money in one place, you will have security of one coin over other. I think it can really help you gain the ROI very fast if market reaches bloody level one more time. Technically speaking this is not big investment that you have done, may be it’s just a trial for you. Or consider one that way to achieve bigger success in the future investment.
This should serve as a big lesson to you and to tell you that you aren't the market mover to trade without stops and you should ensure you always use stops to protect your portfolio.
So before entering a trade tell yourself how much you're willing to lose in each particular trade you take and place your stop.
In case of next time, one thing you should know when recovering from a trade that was in a losing side, Is either you exit the market or you secure the profit by moving your stop lose above the entery price.
So before entering a trade tell yourself how much you're willing to lose in each particular trade you take and place your stop.
In case of next time, one thing you should know when recovering from a trade that was in a losing side, Is either you exit the market or you secure the profit by moving your stop lose above the entery price.
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Well, regardless of the fact that you should have used a stop loss, which would have helped limit your loss and probably, your money won't be tied down thereby forcing you to wait this long..
But all the same, congratulations for you won your gamble at the end, this also is an example of how important patient is when it come to trading and investments in general, many people enter crypto trading and expect to start making hundreds of dollar as profit over night, but forget there are processes involved..
Congratulations once again, and do not forget to apply stop loss even above your entry price now you are already in profit, just incase the market begins to tank again, it will help you not to lose your already earned profit and capital.
But all the same, congratulations for you won your gamble at the end, this also is an example of how important patient is when it come to trading and investments in general, many people enter crypto trading and expect to start making hundreds of dollar as profit over night, but forget there are processes involved..
Congratulations once again, and do not forget to apply stop loss even above your entry price now you are already in profit, just incase the market begins to tank again, it will help you not to lose your already earned profit and capital.
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.
The current market situation is very risky for futures traders. BTC price is now at $22,824.75 it can be bullish or bearish anytime. Whatever the future traders do, if it favor, there will be a chance of huge profit and if they are against, there will be a risk of big loss. Congratulations you didn't give up and getting green signal from there even after a long time. If it can be continued for a long time, good results can be expected from it. Cryptocurrencies are risky but even more risky is future trading. A high volatility can result in your balance going to zero any time. So it is necessary to research well before taking any new trade at the moment. 
first, congratulations you have returned your losses with great effort.
and then, you make trades by risking your luck with the capital you keep hitting.
somehow you get your luck. but maybe it won't happen in your next trade.
I remember how I started my futures trading very badly. but I'm not as lucky as you.
and then, you make trades by risking your luck with the capital you keep hitting.
somehow you get your luck. but maybe it won't happen in your next trade.
I remember how I started my futures trading very badly. but I'm not as lucky as you.
You must have too much faith in Solana OP after you continued to inject more funds to avoid your position getting burned. Congratulations on your gain! Although I don't know if the stress you experienced is worth that gain. I would've imposed my stop loss without hesitation if I were in your situation earlier, the same thing when I sold my LUNA last year.
That is really the downside of futures trading. I hope I won't get tempted to use that trade feature again this year. Usually, I lost most of my futures trades. Maybe I am so tight with my stop loss so it is not fit to my trading style. Anyways, I am content with my spot trades and it is better for a position trader.
That is really the downside of futures trading. I hope I won't get tempted to use that trade feature again this year. Usually, I lost most of my futures trades. Maybe I am so tight with my stop loss so it is not fit to my trading style. Anyways, I am content with my spot trades and it is better for a position trader.
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.
- Jay -
You could recognize breaking even after a long wait, without oversharing.
- Jay -
I don’t see anything wrong for sharing balance here since his topic is about success on his trading. How can show the success if he didn’t show balance itself. Although a percentage growth can be shared but showing the amount will give an easy overview about his share. Besides he will be safe as long as he didn’t share personal information related to his login credentials. There’s a lot of whales on the collectibles section buying and selling premium items with insane amount same on lending section which lender has a list on how much other user borrowed them.
@OP, nice trade with that future trading. I think your low leverage helps you to withstand more possible liquidation during the downtrend since SOL price swing is very strong that time.
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Not many traders can recover their losses because many will feel discouraged because their trades are not successful and end up losing even more. And if this happens to us, we have to learn to analyze more and more to improve our trading style and recover from losses.
Congratulations @OP, you can do it. Regardless of whether you did not use the stop-loss facility on the exchange, you have successfully recovered your losses. But try to use stop-losses to offset bigger losses.
Congratulations @OP, you can do it. Regardless of whether you did not use the stop-loss facility on the exchange, you have successfully recovered your losses. But try to use stop-losses to offset bigger losses.
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