Success in futures trading after long wait.

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Quote from: rozak on March 01, 2023, 10:16:13 PM

Quote from: NicNacCoin on March 01, 2023, 10:08:07 PM

Yes futures trading platform is high risk. Here you can make huge profits in a moment and lose again in a moment. For this reason, one of the things to avoid while doing futures trading is greed. A person who is greedy in futures trading platform is at a loss and loses all his money because of his small mistakes. So I would like to say that those who want to do futures trading must gain experience in trading. Also, when you go into liquidation, the balance should be taken into your account before adding liquidation. So that later you can add to your trading platform.

Futures trading has been widely recommended only for those who do have experience and good emotional control. those who can control their emotions in futures trading, of course, have qualified trading skills. and it can save you from the risk of greater losses.
unfortunately, many of them post the results of futures trading on social media. it attracted several relatives and colleagues to engage in futures trading. and without good knowledge, it will only make a loss.

In short, make yourself that profitable on spot trading first before you would be touching up futures because it is really that not something that you could easily deal with.The higher the leverage the more risky it would become because you are really that making yourself that easily get liquidated once the market would be moving out huge whether going up or down.Making profits would be much more better if we do compared out
with spot but the risks is more higher which is understandable.This is why its really that important that you should really be aware on how you would really be gonna deal with futures.
You could try for yourself if you could bare up with the risks or not.

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Quote from: NicNacCoin on March 01, 2023, 10:08:07 PM

Yes futures trading platform is high risk. Here you can make huge profits in a moment and lose again in a moment. For this reason, one of the things to avoid while doing futures trading is greed. A person who is greedy in futures trading platform is at a loss and loses all his money because of his small mistakes. So I would like to say that those who want to do futures trading must gain experience in trading. Also, when you go into liquidation, the balance should be taken into your account before adding liquidation. So that later you can add to your trading platform.

Futures trading has been widely recommended only for those who do have experience and good emotional control. those who can control their emotions in futures trading, of course, have qualified trading skills. and it can save you from the risk of greater losses.
unfortunately, many of them post the results of futures trading on social media. it attracted several relatives and colleagues to engage in futures trading. and without good knowledge, it will only make a loss.

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Quote from: ScamViruS on February 22, 2023, 08:49:02 AM

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.

Yes futures trading platform is high risk. Here you can make huge profits in a moment and lose again in a moment. For this reason, one of the things to avoid while doing futures trading is greed. A person who is greedy in futures trading platform is at a loss and loses all his money because of his small mistakes. So I would like to say that those who want to do futures trading must gain experience in trading. Also, when you go into liquidation, the balance should be taken into your account before adding liquidation. So that later you can add to your trading platform.

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Quote from: kamvreto on February 28, 2023, 01:51:07 PM

Quote from: EdenHazard on February 27, 2023, 06:26:29 PM

Well op should share about the dark side of having a hurting loss so people especially beginners can learn about the risk about playing these risky activity , spot trading is the safest and future is the riskiest , not only making people lured into this.

Too much people falling into these kind stories.

not everyone wants to share or tell their losses to the public, they are too prestigious for that. they only share the profits and will be silent when heavy losses come. Futures trading is very unfriendly to those who don't know how to read the market. it's just a guess, but when the price guess is wrong and uses large leverage, losses will be right before your eyes. Everyone is allowed to take risks, but taking risks with futures without understanding how the system works is a stupid decision.

When those who only tell silly things with lots of advantages, believe me, they just want to entertain themselves from the losses that are happening behind the scenes.

This is prominent during the bull season. There are many successful trading stories on social media when it is bull market since most of the traders are winning because of the upward movement of the market. There are people who are pretending to be expert in trading by sharing their trading histories and the winning trades which are common in that season, Though the people who flexes on social media during bull market is no where to see during the bear market. I personally no longer see any "weird trading flexes" on social media anymore and because I believe that they can't survive this kind of bear market or don't have any experience on what kind of bull market do crypto have. I know so many people started trading by doing futures trading and I that most of them got liquidated after the big dump that started the bear market.

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Quote from: SirLancelot on February 27, 2023, 02:15:39 PM

I think it all started with spot trading. Before we become a futures trader, we first started with spot because it has some of the elements that is needed to learn futures trading easily so it would be weird if someone will just jump straightly on futures thinking it was more profitable than in spot only because they heard that it was risky but not all high risk are highly profitable right?

Yes of course your words are valued. Those who want to trade should first learn trading from spot trading. After gaining some experience from spot trading, only then entry into futures trading platform will avoid some risk. Besides, if they are directly on the futures trading platform, it will cause high risk for them and they will lose their money anytime. I have seen many people who do not understand anything about trading and jump straight into futures trading platform with little knowledge and lose their money there.

Quote from: SirLancelot on February 27, 2023, 02:15:39 PM

And there are also low risk but still highly profitable like for example investing in Bitcoin. You didn't bother sharing your strategy because you know that it might still not work with others but I know there are some who are too stingy to share their strategy for free.

There are many people who are very experienced but they never share their experience among people. I never thought it was right. I will definitely try to share what I know with people, it may be of benefit to others.

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Quote from: EdenHazard on February 27, 2023, 06:26:29 PM

Well op should share about the dark side of having a hurting loss so people especially beginners can learn about the risk about playing these risky activity , spot trading is the safest and future is the riskiest , not only making people lured into this.

Too much people falling into these kind stories.

not everyone wants to share or tell their losses to the public, they are too prestigious for that. they only share the profits and will be silent when heavy losses come. Futures trading is very unfriendly to those who don't know how to read the market. it's just a guess, but when the price guess is wrong and uses large leverage, losses will be right before your eyes. Everyone is allowed to take risks, but taking risks with futures without understanding how the system works is a stupid decision.

When those who only tell silly things with lots of advantages, believe me, they just want to entertain themselves from the losses that are happening behind the scenes.

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Quote from: kamvreto on February 27, 2023, 05:48:04 PM

Quote from: SirLancelot on February 27, 2023, 02:15:39 PM

Quote from: Rigon on February 26, 2023, 09:49:18 PM

Yes definitely it is better not to enter the futures trading platform for newbies. Participating in spot trading platform may result in losses but hope for recovery later. But if you get hurt or lose in future trading platform then you can never recover. Once your balance is exhausted you will be given a liquidation call and all your balance will vanish. So I advise those who have no idea about this trading to stay away from futures trading.

I think it all started with spot trading. Before we become a futures trader, we first started with spot because it has some of the elements that is needed to learn futures trading easily so it would be weird if someone will just jump straightly on futures thinking it was more profitable than in spot only because they heard that it was risky but not all high risk are highly profitable right?

And there are also low risk but still highly profitable like for example investing in Bitcoin. You didn't bother sharing your strategy because you know that it might still not work with others but I know there are some who are too stingy to share their strategy for free.

Beginners are supposed to start from spot trading, with lower risk than futures trading. Usually those who start with futures trading do not really know the big risks that will occur. They are just victims of some advertisements or influencers who make it so easy to trade on futures platforms. No matter how much money is used, if you don't understand the risks that will occur, it will run out and be liquidated, especially when they use large leverage, the faster they will lose. Those who don't want to share strategies may also be because each strategy used is not the same and cannot be applied by others, or being too stingy might be the reason. But it would be very risky if the shared strategy failed and caused other people to suffer losses.

Well op should share about the dark side of having a hurting loss so people especially beginners can learn about the risk about playing these risky activity , spot trading is the safest and future is the riskiest , not only making people lured into this.

Too much people falling into these kind stories.

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Quote from: SirLancelot on February 27, 2023, 02:15:39 PM

Quote from: Rigon on February 26, 2023, 09:49:18 PM

Yes definitely it is better not to enter the futures trading platform for newbies. Participating in spot trading platform may result in losses but hope for recovery later. But if you get hurt or lose in future trading platform then you can never recover. Once your balance is exhausted you will be given a liquidation call and all your balance will vanish. So I advise those who have no idea about this trading to stay away from futures trading.

I think it all started with spot trading. Before we become a futures trader, we first started with spot because it has some of the elements that is needed to learn futures trading easily so it would be weird if someone will just jump straightly on futures thinking it was more profitable than in spot only because they heard that it was risky but not all high risk are highly profitable right?

And there are also low risk but still highly profitable like for example investing in Bitcoin. You didn't bother sharing your strategy because you know that it might still not work with others but I know there are some who are too stingy to share their strategy for free.

Beginners are supposed to start from spot trading, with lower risk than futures trading. Usually those who start with futures trading do not really know the big risks that will occur. They are just victims of some advertisements or influencers who make it so easy to trade on futures platforms. No matter how much money is used, if you don't understand the risks that will occur, it will run out and be liquidated, especially when they use large leverage, the faster they will lose. Those who don't want to share strategies may also be because each strategy used is not the same and cannot be applied by others, or being too stingy might be the reason. But it would be very risky if the shared strategy failed and caused other people to suffer losses.

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Quote from: Rigon on February 26, 2023, 09:49:18 PM

Quote from: kamvreto on February 26, 2023, 01:16:12 PM

Yes maybe a variety of what tips and strategies to use, but with the caveat that not all of the strategies the OP uses will suit others. Just as a suggestion or an example can be followed or not. Futures trading is a trade that is quite high risk compared to spot trading, therefore beginners who only want to enter without basic trading knowledge are advised not to do it.

Yes definitely it is better not to enter the futures trading platform for newbies. Participating in spot trading platform may result in losses but hope for recovery later. But if you get hurt or lose in future trading platform then you can never recover. Once your balance is exhausted you will be given a liquidation call and all your balance will vanish. So I advise those who have no idea about this trading to stay away from futures trading.

I think it all started with spot trading. Before we become a futures trader, we first started with spot because it has some of the elements that is needed to learn futures trading easily so it would be weird if someone will just jump straightly on futures thinking it was more profitable than in spot only because they heard that it was risky but not all high risk are highly profitable right?

And there are also low risk but still highly profitable like for example investing in Bitcoin. You didn't bother sharing your strategy because you know that it might still not work with others but I know there are some who are too stingy to share their strategy for free.

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Quote from: kamvreto on February 26, 2023, 01:16:12 PM

Yes maybe a variety of what tips and strategies to use, but with the caveat that not all of the strategies the OP uses will suit others. Just as a suggestion or an example can be followed or not. Futures trading is a trade that is quite high risk compared to spot trading, therefore beginners who only want to enter without basic trading knowledge are advised not to do it.

Yes definitely it is better not to enter the futures trading platform for newbies. Participating in spot trading platform may result in losses but hope for recovery later. But if you get hurt or lose in future trading platform then you can never recover. Once your balance is exhausted you will be given a liquidation call and all your balance will vanish. So I advise those who have no idea about this trading to stay away from futures trading.

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MAaaN...!! CUT THAT STUPID SHIT

Quote from: _BlackStar on February 26, 2023, 10:44:46 AM

Quote from: Bobrox on February 26, 2023, 10:09:15 AM

Seems not really necessary for updating about how your success with future trading

It's fine to share the success on trading, but it's good idea if the OP also shares his trading strategy instead of just his success.
Somebody might expect that of him rather than congratulating him on his success, and I think it's more than great idea to be useful. I guess ideas like this are just rarely thought of, but I hope they'll do better while being grateful for the success.

Yes maybe a variety of what tips and strategies to use, but with the caveat that not all of the strategies the OP uses will suit others. Just as a suggestion or an example can be followed or not. Futures trading is a trade that is quite high risk compared to spot trading, therefore beginners who only want to enter without basic trading knowledge are advised not to do it.

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Quote from: Bobrox on February 26, 2023, 10:09:15 AM

Seems not really necessary for updating about how your success with future trading

It's fine to share the success on trading, but it's good idea if the OP also shares his trading strategy instead of just his success.
Somebody might expect that of him rather than congratulating him on his success, and I think it's more than great idea to be useful. I guess ideas like this are just rarely thought of, but I hope they'll do better while being grateful for the success.

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Seems not really necessary for updating about how your success with future trading because OP topic have been reading by many member exactly with beginner, they less understand about risk when investing in future trading actually got liquid notification and all fund loss. I am glad with your achievement in future trading but when your histories become inspiration for the beginner start future trading have bad impact for their financial.

Not only wit how much losing but also when the beginner started in future trading and loss much they will have bad assumption about cryptocurrency like gambling choose up or down.

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Quote from: Warkop on February 22, 2023, 09:40:44 AM

Quote from: bhooscream on February 11, 2023, 06:28:43 PM

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.

Becoming a successful person requires a high level of sacrifice and patience, sometimes we are defeated by economic needs outside of investment or some kind of unexpected need, often experienced by most people, that's why I learned to really be able to manage it all, for the most part. long-term trading needs to be called additional income beyond that, so it doesn't bother us when we experience financial mines, because we know playing long-term trading is full of risks and even our patience is tested with market conditions, the solution is just looking for busyness so we don't focus on the assets we have on exchange..

Sacrifice will always be there when we do anything, and that also applies to trading or investing. But sacrifice must be accompanied by knowledge, everyone can sacrifice, but not everyone who sacrifices has knowledge. So the decision is in our hands, what kind of traders we are going to be, whether we are just making sacrifices or are traders who make sacrifices who have knowledge.
Many traders end up failing due to lack of knowledge, so don't let us be one of those people.

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Well here in futures trading we can see the clear example of OP, perseverance makes trading a successful activity, personally I am very afraid of trading at this level of futures because it is very easy to lose money.

A friend gave me some advice, he told me that he trades Kucoin futures with 4x leverage, he only trades with a simple technical analysis, without any indicators, he told me that 30 dollars I already had for 240 USD, and that is something that motivates anyone, he emphasized to me that Kucoin is much better than Binance, now why? I don't know, and not only has he told me, many friends tell me that they don't trust Binance very much.

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Quote from: armanda90 on February 22, 2023, 02:41:19 PM

I have bad experienced with future trading and still remember with Zilliqia coins with short position opening, last several season Zilliqia coins raise higher price and up more than 50% and I am trying with short position, I have margin fund $1,000 actually profit earn from future trading and start with losing half after Zilliqia pump drastically.

I am not quiet after losing $500 and keep trying with another short position with Zilliqia coin but I am not lucky with left my margin liquid all, start from there I have been quit from future trading and only active with spot trading right now without want back with future trading again. Nice to see OP consistent earn profit with future trading but don't forget keep withdrawing about 50% from your profit before taking back by CZ Grin

It is a common mistake of a novice trader to open a short position on a coin, the price of which has greatly increased. It is very difficult to determine to what level the price will increase when the entire crypto market is growing. Of course, after each pump, a correction will follow, but to open a short position, you need to wait for confirmation that the price has started its decline.

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I have bad experienced with future trading and still remember with Zilliqia coins with short position opening, last several season Zilliqia coins raise higher price and up more than 50% and I am trying with short position, I have margin fund $1,000 actually profit earn from future trading and start with losing half after Zilliqia pump drastically.

I am not quiet after losing $500 and keep trying with another short position with Zilliqia coin but I am not lucky with left my margin liquid all, start from there I have been quit from future trading and only active with spot trading right now without want back with future trading again. Nice to see OP consistent earn profit with future trading but don't forget keep withdrawing about 50% from your profit before taking back by CZ Grin

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Quote from: Warkop on February 22, 2023, 09:40:44 AM

Quote from: bhooscream on February 11, 2023, 06:28:43 PM

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.

Becoming a successful person requires a high level of sacrifice and patience, sometimes we are defeated by economic needs outside of investment or some kind of unexpected need, often experienced by most people, that's why I learned to really be able to manage it all, for the most part. long-term trading needs to be called additional income beyond that, so it doesn't bother us when we experience financial mines, because we know playing long-term trading is full of risks and even our patience is tested with market conditions, the solution is just looking for busyness so we don't focus on the assets we have on exchange..

You wanna be a big baller in the tradin game? Well, let me tell ya, it's gonna take some mad patients, discipline, and hard work. Don't go puttin all your eggs in one basket, tho. Ya gotta have multiple streams of income. Tradin should be seen as an extra source of cash, not your main bread n butter. That way, when the market gets all crazy n fluctuates like a mofo, you won't be freaking out like a chicken with it's head cut of.

Diversifying your investments is key, my dudes. And havin a solid plan to stick to will help ya avoid makin decisions based on yur emotions. Believe me, I've been there, done that, and bought the t-shirt. Emotions can mess with your head and lead to unnecesary losses. That's why we gotta be rational and not let our feelins dictate our moves.

As the wise ones say, "Plan the trade, trade the plan." That's some real talk right there, fam. So keep it simple, stay disciplined, and stick to your plan. Success in tradin is within your reach, but only if you keep your head on straight and don't let the market drive you crazy!

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Quote from: bhooscream on February 11, 2023, 06:28:43 PM

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.

Becoming a successful person requires a high level of sacrifice and patience, sometimes we are defeated by economic needs outside of investment or some kind of unexpected need, often experienced by most people, that's why I learned to really be able to manage it all, for the most part. long-term trading needs to be called additional income beyond that, so it doesn't bother us when we experience financial mines, because we know playing long-term trading is full of risks and even our patience is tested with market conditions, the solution is just looking for busyness so we don't focus on the assets we have on exchange..

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My very important advice to users who believe in trading futures, please do not hold your positions for a very long time in futures trading (in other words, don't stick to your trades) and use proper risk management as well as tight SL to keep yourself safe from unexpected losses. With that said, I'd like to explain why I'm conveying this - you'll bear with unnecessary funding fee (it can be negative mostly which will reduce your principal size every time it is deducted) and you'll also need more capital to keep your positions active and alive before getting stopped out completely if the market is going to hunt it.

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Quote from: Accounts Seller on February 12, 2023, 01:29:54 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.

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Quote from: Rigon on February 22, 2023, 08:00:42 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.

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Quote from: Rigon on February 22, 2023, 08:00:42 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.

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Quote from: Eureka_07 on February 18, 2023, 09:46:50 AM

Quote from: LUCKMCFLY on February 17, 2023, 09:23:38 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.

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Quote from: LUCKMCFLY on February 17, 2023, 09:23:38 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

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Quote from: tvplus006 on February 03, 2023, 07:12:02 AM

Quote from: Rigon on January 22, 2023, 12:55:30 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.

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Quote from: Rigon on February 11, 2023, 01:08:48 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

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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

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Quote from: Rigon on January 22, 2023, 12:55:30 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.

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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, 01:26:42 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

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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

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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.

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Quote from: Rigon on February 11, 2023, 01:08:48 PM

Quote from: ScamViruS on February 01, 2023, 07:06:21 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

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Quote from: ScamViruS on February 01, 2023, 07:06:21 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

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Quote from: Rigon on February 01, 2023, 05:02:07 AM

Quote from: Mpamaegbu on January 24, 2023, 02:34:06 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

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Quote from: tvplus006 on February 03, 2023, 07:12:02 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

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Quote from: Rigon on January 22, 2023, 12:55:30 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

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Quote from: Johnyz on February 01, 2023, 04:12:19 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

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Quote from: Bitcoin_Arena on January 22, 2023, 06:03:51 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

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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.

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Quote from: Jatiluhung on February 01, 2023, 06:12:48 AM

I think in futures trading you have to determine what percentage of losses you can afford so you can set a stop loss in that area. Because futures trading does provide multiple benefits but also provides multiple risks of losses. I have studied it. and I did it when I first got to know crypto trading. But I realized that I was not worthy to be able to trade futures. because I am still not proficient in analyzing the crypto market. so in the end I just focus on long term investment. and occasional spot trading. But it seems that lately Future trading has become increasingly popular. because maybe people are interested because they can multiply the profits there.

Common traders are often curious about futures trading. Many may want to learn and many want to trade real trading. However, as the risk is quite high compared to general trading, a trader has to take the trade carefully. Those who are willing to take risks usually prefer this trading site. Many compare it to gambling but not actually. A trader can increase or decrease leverage to reduce and increase his risk. It totally depends on the trader. Here OP did not give up even after his loss so he was able to recover his loss but that may not be the case for everyone. Hence a trader should take part in futures trading after gaining adequate knowledge and experience.

martyns

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Quote from: bettercrypto on February 01, 2023, 01:55:04 AM

In the practice of futures trading, it is not recommended for beginners because it is the opposite of spot trading. It needs understanding and knowledge to earn here.

Now with the activity you did there, there were some mistakes you did that made you lose at first, but I'm just wondering why you didn't use a stop loss, which I think is the reason why you lost when you started here based on the screenshot you showed. But in the end, you recovered. I'm just thankful that somehow you regained what you lost and somehow made a profit from it.

Signals are highly recommendable for newbies who are not fully aware of the market, traders uses accurate signals to triggered profits in trading. Patience is the key factor required for one to earned profits in trading, moreover it's matter of time for TP to be triggered. Setting out leverage according to one's account size and profiting green long candlestick on charts is the ultimate target for newbies and experience traders in the market. Future trading is complex and not an easy job for newbies to understand how it operates. Newbies should take extremely cautious measures in preventing loss in trading positions.

ScamViruS

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Quote from: tygeade on February 01, 2023, 12:22:24 PM

Quote from: ScamViruS on February 01, 2023, 07:06:21 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 do agree that if you put a stop loss that would be the best thing you could do to prevent losing all of your money. However, remember not to do very high leverages, if you do that then even stop loss can't stop you from losing all of your position. I believe that we should not be really doing anything that would make it a great profit for any of us, it should be something that is a bit lesser and lesser in risk and something bigger in the long term mentality.

Futures is a way to make money right now, and not a year later, but if you keep the same mindset in there, something that is going to be great for you in 10 years as well, that would be lowering the risk in both, they are the same.

High leverage certainly increases risk, in futures trading this high leverage is a tempting system that affects the trader emotionally. As a result, most traders end up washing out their accounts by trading with high leverage. The leverage OP is trading with is low compared to many other traders, but he may also see unexpected negative results in a suddenly volatile market. Quick profit making methods are always expected to have an extreme level of risk, so it is better to not be attracted to these and focus more on long-term and much safer methods.

Issa56

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Quote from: Edwardard on January 22, 2023, 01:27:05 AM

No stoploss? Be clear, you continued to "gamble" without giving up.

Do you mean he is gambling because he didn't make use of stop loss? I don't think stoploss is mandatory in trading. I don't frequently trade futures but I do that sometimes, whenever am trading futures I don't use stoploss and it those not mean am gambling, not everyone really like using stoploss, the only thing I do is that am always making use of low laverage and I always trying my possible best to be correct when doing my analysis. I always advice only newbies to make use of stoploss, but if you are a professional, I think stoploss is optional.

tygeade

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Quote from: ScamViruS on February 01, 2023, 07:06:21 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 do agree that if you put a stop loss that would be the best thing you could do to prevent losing all of your money. However, remember not to do very high leverages, if you do that then even stop loss can't stop you from losing all of your position. I believe that we should not be really doing anything that would make it a great profit for any of us, it should be something that is a bit lesser and lesser in risk and something bigger in the long term mentality.

Futures is a way to make money right now, and not a year later, but if you keep the same mindset in there, something that is going to be great for you in 10 years as well, that would be lowering the risk in both, they are the same.

virasisog

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Quote from: Questat on February 01, 2023, 07:58:17 AM

Quote from: bettercrypto on February 01, 2023, 01:55:04 AM

...

Now with the activity you did there, there were some mistakes you did that made you lose at first, but I'm just wondering why you didn't use a stop loss, which I think is the reason why you lost when you started here based on the screenshot you showed. But in the end, you recovered. I'm just thankful that somehow you regained what you lost and somehow made a profit from it.

I'd never see a mistake of what OP did, it actually happens when something bad happens in the market like the FTX issue which affects crypto prices. We're affected by it, no one had escaped. That could be a wrong move if he is too emotional and if he sells his Sol. But is really a strong holder, he carries positivity which able for him to wait until the recovery started. Many people can't do that but from what I see of OP, he has the trust of this project and yes, it is worth waiting and gaining back his money plus profit.

Using a stop loss should have saved his funds but it's a good thing that he managed to hold his SOL for a long time. Many Solana holders have sold their coins when the market dropped down because of the fear of losing everything but things come to those who have patience when it comes to holding.
It's just that Op has missed using a stop loss and it should be the best time for him to use one to avoid unexpected losses in the future. Futures would be too risky if we don't know how to use the right tools for them.

justdimin

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Quote from: Rigon on January 22, 2023, 12:55:30 AM

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.

Please do not try to set wrong example by these things. The first mistake you have done was opting for futures trading, but high risk people do go for it and this is absolutely a personal preference still I do consider this as a newbie mistake in cryptotrading ecosystem. The second one is, keep waiting in futures trading; a highly contradicting and must be a blunder one considering its high risk level.

Quote from: Questat on February 01, 2023, 07:58:17 AM

I'd never see a mistake of what OP did, it actually happens when something bad happens in the market like the FTX issue which affects crypto prices.

No, luck favoured hence got chances to escape; just imagine a situation about getting liquidated even after adding $2000 to avoid liquidation. So, early stoploss is always recommended and buying back when market recovering (after bottomed) might have got them better profits than this.

Questat

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Quote from: bettercrypto on February 01, 2023, 01:55:04 AM

...

Now with the activity you did there, there were some mistakes you did that made you lose at first, but I'm just wondering why you didn't use a stop loss, which I think is the reason why you lost when you started here based on the screenshot you showed. But in the end, you recovered. I'm just thankful that somehow you regained what you lost and somehow made a profit from it.

I'd never see a mistake of what OP did, it actually happens when something bad happens in the market like the FTX issue which affects crypto prices. We're affected by it, no one had escaped. That could be a wrong move if he is too emotional and if he sells his Sol. But is really a strong holder, he carries positivity which able for him to wait until the recovery started. Many people can't do that but from what I see of OP, he has the trust of this project and yes, it is worth waiting and gaining back his money plus profit.

ScamViruS

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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.

Jatiluhung

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I think in futures trading you have to determine what percentage of losses you can afford so you can set a stop loss in that area. Because futures trading does provide multiple benefits but also provides multiple risks of losses. I have studied it. and I did it when I first got to know crypto trading. But I realized that I was not worthy to be able to trade futures. because I am still not proficient in analyzing the crypto market. so in the end I just focus on long term investment. and occasional spot trading. But it seems that lately Future trading has become increasingly popular. because maybe people are interested because they can multiply the profits there.

ethereumhunter

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Quote from: Rigon on February 01, 2023, 05:02:07 AM

Quote from: Mpamaegbu on January 24, 2023, 02:34:06 AM

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.

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.

Do you continue to trade even though the market is dumping? If so, this is accumulation to increase the amount you have to reduce your average purchase price and when the price has exceeded your average purchase price, you can see how much your profit is. For me, it's still trading even though it's not like buying and selling directly, like trading in general, because we buy when the price falls and wait for an opportunity to sell it at a high price. But whatever it is, you've managed to recover your losses.

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Quote from: bettercrypto on February 01, 2023, 01:55:04 AM

In the practice of futures trading, it is not recommended for beginners because it is the opposite of spot trading. It needs understanding and knowledge to earn here.

But you'll see too many beginners are trying futures because they've been hearing a lot on how huge the profits can be. "Can be", yeah that's it and that's why they're trying.

In hope that they might make so much from it, they're taking the risk and understands that it's not an easy way to trade. There are also those that have been learning from it for which they increase the leverage with a minimal amount which they can afford to lose.

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Quote from: Mpamaegbu on January 24, 2023, 02:34:06 AM

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.

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.

monineklutak

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Quote from: Strongkored on January 31, 2023, 10:35:27 PM

Quote from: Rigon on January 22, 2023, 12:55:30 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.

Congrats on that, but for me it's just luck because the market reverses and this won't always happen in your every trade, and this should serve as a warning to those who want to do futures trade that when you don't choose a stop loss it's like you're gambling and chasing luck to come and when you feel bored because you don't see changes, chances are you are already in a bigger loss.

Basically it will be difficult to make a profit in the current market conditions before the market reverses,
I think only luck can save from big losses and don't expect it to keep coming,
even so must still learn from it.

bettercrypto

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In the practice of futures trading, it is not recommended for beginners because it is the opposite of spot trading. It needs understanding and knowledge to earn here.

Now with the activity you did there, there were some mistakes you did that made you lose at first, but I'm just wondering why you didn't use a stop loss, which I think is the reason why you lost when you started here based on the screenshot you showed. But in the end, you recovered. I'm just thankful that somehow you regained what you lost and somehow made a profit from it.

xSkylarx

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Quote from: Strongkored on January 31, 2023, 10:35:27 PM

Quote from: Rigon on January 22, 2023, 12:55:30 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.

Congrats on that, but for me it's just luck because the market reverses and this won't always happen in your every trade, and this should serve as a warning to those who want to do futures trade that when you don't choose a stop loss it's like you're gambling and chasing luck to come and when you feel bored because you don't see changes, chances are you are already in a bigger loss.

It is a winning trade, but yes, this is luck as the market reverses and starts to recover, and if this is an OP strategy, then he would be losing a lot and even burning his account. This kind of trade can boost our confidence in a bad way, as other people will not listen to others and want to continue what they are doing until they lose everything. I hope the OP Â will have another strategy, as this is very risky and the possibility of losing is high.

armanda90

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Congrats with your success and achievement in Future trading after your big loss when FTX exchange market crash or collapse, I have stopped totally with Future trading since last two years and only active with spot trading. Last several time I have consistent earn much profit with future trading due my capital start from under $100 and success reached until $1,000 before all get liquid.

I have commitment stop with future trading and what ever your success with future trading don't make me interested back with future trading, I have been promised to my self better with fewest percentage profit with spot trading than future trading are waiting with bigger risk.

Here last time my liquidation from trading future and become last time I trade with future trading

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Quote from: Rigon on January 22, 2023, 12:55:30 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.

Congrats on that, but for me it's just luck because the market reverses and this won't always happen in your every trade, and this should serve as a warning to those who want to do futures trade that when you don't choose a stop loss it's like you're gambling and chasing luck to come and when you feel bored because you don't see changes, chances are you are already in a bigger loss.

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Quote from: Fondarchand on January 31, 2023, 10:36:25 AM

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.

I guess he's just being so lucky because the market suddenly pump up but if the market continue to drop I don't know what will OP would be doing. He's just too strong to hodl for that long after a wrong market decision or maybe it was his plan in the first place but that was too risky. I wouldn't recommend that move perhaps it was his lucky moment for now, but we don't know what will going to happen next time.

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Quote from: Rigon on January 22, 2023, 12:55:30 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.

You are lucky to have been so close to liquidate yet survived. I will recommend to trade only Spot because future btrade is full of risk. These big exchanges and whales Looking for an opportunity to liquidate all and you will have nothing to recover again. The biggest risk in future is that after liquidation you will not be owner of any token , even if token price pumped hard from that point you will just cry And nothing will come to your hands.

Spot trading is best option. It's price can dump down to many times but if you hold tight and this token pumped any time then you will be able to sell anytime. Every dip is opportunity for you in spot trading and you can reduce the average buying when you buy in dip. Future trading is second name of gambling, do or Die.

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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.

traderethereum

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Quote from: Gladitorcomeback on January 24, 2023, 01:25:27 AM

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.

Mpamaegbu

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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.

Gladitorcomeback

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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.

EdenHazard

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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.

kamvreto

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MAaaN...!! CUT THAT STUPID SHIT

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.

Kelvinid

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Quote from: Rigon on January 22, 2023, 12:55:30 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.

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.

Rengga Jati

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Quote from: Edwardard on January 22, 2023, 01:27:05 AM

Quote from: Rigon on January 22, 2023, 12:55:30 AM

I continued to liquidation there without giving up.

No stoploss? Be clear, you continued to "gamble" without giving up.

Indeed, SL is one of the things that we must understand and set when doing Futures Trading to manage the risks. That is why learning at first before doing future trading is very important because there are many elements that we must learn. Not only about how to set the Long or SHort position, but how to manage our fund and the risks wisely by thinking about the margin that we will use, the leverage, the use of SL, and also another strategy like hedging mode use if necessary and others. If we are only setting the margin and leverage without any other strategy based on any certain analysis, exactly, that is gambling.

Quote from: Rigon on January 22, 2023, 12:55:30 AM

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

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.

justdimin

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Quote from: Flexystar on January 23, 2023, 01:55:41 PM

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.

darewaller

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Quote from: Ndabagi01 on January 23, 2023, 05:40:00 AM

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.

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.

ShowOff

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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.

|MINER|

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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.

Flexystar

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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.

Franctoshi

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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.

Fivestar4everMVP

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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.

GigaBit

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Quote from: Rigon on January 22, 2023, 12:55:30 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.

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.

Pandu Geddon

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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.

inthelongrun

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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.

dimonstration

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Quote from: un_rank on January 22, 2023, 01:26:42 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.

- 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.

ethereumhunter

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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.

Ndabagi01

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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.

Slow death

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you did something very risky, you didn't put a stop loss and all you did was hold and of course you had no idea that the price would go so high that you would recover, that was all luck and the kind of luck that doesn't happen very often , so be very careful, the recommendation would be that you use stop loss in the next few times and don't rely on luck

Quote from: cryptoaddictchie on January 23, 2023, 01:21:19 AM

Always in put stop loss. Yes you might be confident about the market direction but there are some certain whales who can induldge a very rapid short trade with huge volume to liquidate some small traders. It happened frequently cause they knew the orders and estimating the position you are. A slight movement could rekt a lot of traders especially retailers.

That's why I always preferred to do normal trading, at least the profit is not high but it saves me a lot of unnecessary headaches, futures trading is something very risky that has made many people lose a lot of money and even kill themselves

cryptoaddictchie

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Always in put stop loss. Yes you might be confident about the market direction but there are some certain whales who can induldge a very rapid short trade with huge volume to liquidate some small traders. It happened frequently cause they knew the orders and estimating the position you are. A slight movement could rekt a lot of traders especially retailers.

wxa7115

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Quote from: naira on January 22, 2023, 06:15:23 AM

Regardless of what your trading strategy looks like, it doesn't have a plan. I mean, you go with the flow of the market without having certain restrictions to place profits or losses. In addition, you trade futures that have a higher risk. Be warned that it doesn't always go as smoothly as you might think. Don't be complacent and always increase portfolio monitoring. You are in a futures trade so remember once again that this type of trade does not always end well if you rely solely on market instinct.

I hold the same opinion, I am glad the OP recovered the money they had lost to the markets but it appears this was done by taking even higher risks with their account, and even if it went well this could change the next time they find themselves in a similar situation.

After all just as the market has exhibited a good recovery during the last weeks, the market sentiment could change just as quickly and if at that time the OP is still trading futures then they may lose all the money they recovered and maybe even more.

sheenshane

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Good for you and yet you recovered your heavy losses.
But I think in future trading you still predict the market of your future trades, it's a coincidence that you opened a long position that exactly the market was resisted. This is the advantage of future trading, you can hold a trade as long as you want but make sure you have enough margin to keep it open which I think you did it.

Try to do the same pattern next batch of your future trade if they have the same result, my guess is not.
But if the market price keeps growing, there will be a chance.

blockman

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It's good that you've shared that losing and recovering experience you've got. You really have to learn from it because you'll be able to apply that for your next trades.
Those that I've seen that did futures and got liquidated with their first try, they've never comeback and stayed on the spot and so do I. That's why if you're able to earn from there and you're starting to learn, be consistent.

naira

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Regardless of what your trading strategy looks like, it doesn't have a plan. I mean, you go with the flow of the market without having certain restrictions to place profits or losses. In addition, you trade futures that have a higher risk. Be warned that it doesn't always go as smoothly as you might think. Don't be complacent and always increase portfolio monitoring. You are in a futures trade so remember once again that this type of trade does not always end well if you rely solely on market instinct.

rat03gopoh

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Assume that the nearest severe decline occurred last October, meaning that your position was minus for 2 months.
Sorry, you didn't successful from my PoV, you fail your "guess", your strategy. And you also suffer from the worry of being liquidated during that floating loss by adding more positions (unexpectedly) which means adding more worries. I don't know if you can concentrate on any other activity without remembering trading at all, it all paid off with only $77 profit.

Bitcoin_Arena

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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

Sterbens

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It's rare to hear of traders getting their balances back after heavy losses hit them for some reason. You did very well and didn't give up to keep trading. But if I may give a suggestion, it's best that you avoid chasing losses like that, because your story makes me think that you want your money back after a loss. Lucky you got it back, that's good news of course. But if you don't get it back, then it's a bigger loss that will get.

michellee

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Congratulations to you for being able to recover your losses in trading. This proves that if we keep trying to trade, whether we use spot trading or futures trading, we can profit. This condition is not over yet because it looks like the market will shake and some coins can increase and give us profit. But we really have to be able to choose coins to trade futures because if we don't, we will incur losses. So be careful with your trading time and take your profit while you can.

GreatArkansas

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Quote from: Edwardard on January 22, 2023, 01:27:05 AM

Quote from: Rigon on January 22, 2023, 12:55:30 AM

I continued to liquidation there without giving up.

No stoploss? Be clear, you continued to "gamble" without giving up.

This is a common mistake for people who are new to trading. They always think that their trade will always go in a good way so they intend not to use any method of risk management like setting stop loss and target price.
Another thing OP must learn is how much amount to allocate per trade, so you will still have some capital left once you need to trade again.

Edwardard

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Quote from: Rigon on January 22, 2023, 12:55:30 AM

I continued to liquidation there without giving up.

No stoploss? Be clear, you continued to "gamble" without giving up.

Quote from: Rigon on January 22, 2023, 12:55:30 AM

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

From your screenshot, it is clear that you again took a long entry at higher levels, and will get killed again if markets start to tank from next week. Please book profits or atleast start to have sl above your entry once it gets substantially above it. Do you have a target in mind ?

Edit:

Quote from: un_rank on January 22, 2023, 01:26:42 AM

Do not reveal your trading or wallet balance here as it gives random people too much information about you.

Agreed!, @OP you should remove those screenshots, you dont need to prove yourself to anyone, and neither any legit user is interested in seeing the screenshots of others' balance.

un_rank

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- Jay -

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 -

Rigon

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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.

Topic: Success in futures trading after long wait. (Read 785 times)