what things to do when crypto loss is there

Ben Barubal

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Quote from: udayantha11 on May 06, 2024, 10:27:17 AM

From the january i had a good profit. but i did leverage trading. so all profits gone. i am now done. what is the best way to face next coming months?

i have couple of 100 dollers on wallet left.

Why did you enter leverage trading when you didn't have enough knowledge there? You shouldn't jump into that without having a deep knowledge of the matter. Because that trading category is actually quite complicated.

In such scenarios, don't do it again; you should practice trading on the spot first and don't do leverage trading right now. Then go back there when you know that you can really handle it yourself.

btc78

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Obviously you have to come back stronger so I say reflecting and studying where you might have made a mistake is crucial. That probably is the most important step of all as this will determine whether you can still get back up or not.

I have seen that it is most recommended if you have a 1:100 ratio and like you said you have a hunder dollars left then maybe you can trade with a 10,000. I don’t know your skills in trading but if you just currently lost some money then maybe it’s better to get back to the beginning.

Essential10

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Quote from: udayantha11 on May 06, 2024, 10:27:17 AM

From the january i had a good profit. but i did leverage trading. so all profits gone. i am now done. what is the best way to face next coming months?

i have couple of 100 dollers on wallet left.

I don't know how good you are at trading. You have to learn a lot about trading, you have to spend a lot of time and you have to be patient. First of all keep in mind that trading is very risky. You should know where to invest your money and where the risk is high. Learning trading is time consuming as you have some money left I won't suggest you to trade but I can tell you to pick one of my coins where you can invest and hold for long term and make money. In that case I think bitcoin is a suitable coin, also you can choose investment from top 5 coins.

Bureau

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Since you have $100 left in your wallet, you can invest the money in a few small cap tokens and in a few meme coins. When the next bull run hits the market these tokens and coin can easily give you 10x returns. Already most altcoins are trading below the price point they reached earlier this year. The present market is the right time to book some position.

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Quote from: udayantha11 on May 06, 2024, 10:27:17 AM

From the january i had a good profit. but i did leverage trading. so all profits gone. i am now done. what is the best way to face next coming months?

i have couple of 100 dollers on wallet left.

I too learned that in a hard way. It took me 3 liquidation to figure out leverage is not what we should go with. The first time my money were liquidated, I felt like I didn't knew much and the parameters I set were not made with proper analysis. I did tried second time with a strategy, it worked for some time but it got busted in a few months. I decided not to do leverage again but just last month, I thought bitcoin is not going any lower than this, If I set my parameters so that I'll only be liquidated below 60, I'll be fine. Everything worked perfect except for that one day it went below 60, it did bounced back but once triggered, every of my money went zero. So, it's better to have less profit than get greedy and gamble with leverage to lose it all.

Volimack

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There will always be losses in crypto, no one will always profit, success comes after failure. If you invest in the right currency, the loss is less, but if you lose for trading, you should stop trading for now and learn about trading well. Try to know your problems. If you understand the problems, if you know the signals in trading, trading will be easy, but investment is the best plan. There is less chance of loss here.

adaseb

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Well you can buy bitcoin now and wait a few months years for it to double or go at least 50% or so. But since you are only investing $200, you won't make much money. If you want to make large sums of money there is really no other way but by investing in small cap projects. Most of them will go nowhere or go bust but if you pick the correct one you can easily 10x your investment.

The trick is you need to do research. Don't follow what is posted on the forum or twitter because it could be by shills. Just research many projects and what do you think will still exist 1 year from now or 5 years from now. There are alot of promising projects at the moment and you can invest in a couple and make a decent gain if it catches on.

GreatArkansas

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Quote from: udayantha11 on May 06, 2024, 10:27:17 AM

From the january i had a good profit. but i did leverage trading. so all profits gone. i am now done. what is the best way to face next coming months?

i have couple of 100 dollers on wallet left.

Relax. Take a deep breath.
Do you have some journals? Or some notes especially which part is most of your losses. Because it will help to identify the problem you have and next time you can able to fix and not to do it again especially setting some price entry or stop losses.

pinggoki

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You probably need to stop trading because you're clearly not good at it and you're just keep on losing your money which isn't the best thing for you, I do hope that you just buy that $100 that's left of you with bitcoin or maybe some stable altcoin like ETH, you don't want to end up losing that money anyway, just do the easy route of hodling and waiting rather than doing the risky one of losing your money, maybe you can get more in the risky path of cryptocurrency but you've already experienced your losses so that should be the deciding factor for you already.

LogitechMouse

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Quote from: udayantha11 on May 06, 2024, 10:27:17 AM

From the january i had a good profit. but i did leverage trading. so all profits gone. i am now done. what is the best way to face next coming months?

i have couple of 100 dollers on wallet left.

Another victim of leverage trading here is posting his experience here. Cheesy

The market is brutal, eh? You made profits for quite some time, and you will lose it all because of one single mistake that you made.

Anyway, you said that you have 100 dollars in your wallet. Just buy Bitcoin and hold it for the entire bull run. You have a job, right? Why don't you allocate a certain percentage of it and continue accumulate Bitcoin at least in the next few weeks. Right now, the best thing that you can do is to stop trading and focus on holding Bitcoin or any other top altcoins first. Stay away from trading and go find a way to spend your time.

I just hope that you're ok despite you losing money in trading. Many including me lost a lot of money in trading already that's why I decided to stop.

X-ray

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depends on how much profit you targeted to be honest, since you've lost most of your capital as it seems to the future trading with leverage and there's a couple of hundred of dollar, if you on the more aggressive of trying to make big profit short term with high risk then you can go with those newly trending meme coin or try to snipe but remember that you're more likely to lose money.
you can always invest in a coin thats good enough but has low market cap and just recently made it to the exchange so that you won't expose yourself to the risk of delisting such coin like ZRO, REZ, ENA or so on.
but you can also always invest in bitcoin with future and leverage anyway if you trying to make big profit.
but yeah you more likely gonna lose again with future and high leverage the market is wild, best course of action probably just accumulate certain top coin at dip and wait for next bullrun.

Kristiyana

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Quote from: udayantha11 on May 06, 2024, 10:27:17 AM

From the january i had a good profit. but i did leverage trading. so all profits gone. i am now done. what is the best way to face next coming months?

i have couple of 100 dollers on wallet left.

Op that is the reason why you need to take your time to study and as well know the skills in trading, you don't have to rush, you should know that trading is very risky I can't advice anyone to go into trading, is very difficult to understand the trading strategies I guess you just make those profit because luck was on your side then, the only advice I can give to you is to try holding method if is going to work for you I mean investing in bitcoin and hold it for Long term investment that's if you can be patient enough to hold on to it for Long term, what did you think about this opinion?

goaldigger

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Quote from: udayantha11 on May 06, 2024, 10:27:17 AM

From the january i had a good profit. but i did leverage trading. so all profits gone. i am now done. what is the best way to face next coming months?

i have couple of 100 dollers on wallet left.

Start looking for a stable income and don’t make any investments again not until you’re ready.
Losses are normal, and we cannot escape from this situation what you can do is to assess what went wrong and think for a good strategy so the next time you trade again, you can be more confident about your strategies and you will not waste another opportunity again.

batang_bitcoin

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Quote from: udayantha11 on May 06, 2024, 10:27:17 AM

From the january i had a good profit. but i did leverage trading. so all profits gone. i am now done. what is the best way to face next coming months?

Stop doing leverages.

Quote from: udayantha11 on May 06, 2024, 10:27:17 AM

i have couple of 100 dollers on wallet left.

Do you think that you'll be able to recover from that amount? If you've been making a good profit, don't ever put that into futures. You have to make sure that you secure that profit whenever you can. Because it's always the same story from other people that they're losing through it.

Ludmilla_rose1995

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Quote from: udayantha11 on May 06, 2024, 10:27:17 AM

From the january i had a good profit. but i did leverage trading. so all profits gone. i am now done. what is the best way to face next coming months?

i have couple of 100 dollers on wallet left.

this is where many people get trapped, they think trading during a bull market is easy, there are many factors that make many people fail when trading in a bull run market, that is their greed, remember that it won't be a bull run market forever, so it's those who don't if you take profit, you will experience big losses, especially those who trade in altcoins

for your $100, I suggest you just hold on and if you are lucky then just buy ethereum or bnb or use it as your capital to play airdrops that need capital

DiMarxist

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Quote from: udayantha11 on May 06, 2024, 10:27:17 AM

From the january i had a good profit. but i did leverage trading. so all profits gone. i am now done. what is the best way to face next coming months?

i have couple of 100 dollers on wallet left.

Why don't you invest in cryptocurrency instead of trading. Trading can drain you within an hour. Though all have risk. Now that is not too late you can invest in any cheap altcoin and hodle it for about 5 months and see the outcome of the investment. If invest in a good project, you won't lost any funds and it is better than trading.
But id you are looking for quick income or daily income then you can trade with any promising coin to harvest in the nearest future.

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Quote from: Mpamaegbu on May 06, 2024, 12:44:44 PM

Welcome to the club! You just got inducted with a paltry $100 fee. I want to believe the lesson learned is worth it to propel you to learning further and acquiring the necessary set skills for trading. Hopefully, you won't incur more losses than you've done. I guess you made your initial profit through Spot trading but lost it with Futures, right? I advise you stick to just buying and hodling with Spot trading. Now is even a better time to spot and make profit. We're bullish.

Adventure is exciting, but when it doesn't give you desired results, what to do is step back and restrategize, in the meantime, you should just stick to what is profitable to you, spot trading. Trading is hard and risky, that's a fact, so moving from one strategy to another requires learning what is unique about it, perhaps he can venture into leverage trading in the future. My advice to him is not to be emotional and greedy to recover his loses, it's gone, let him trade with the amount that he can afford to loose.

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Quote from: udayantha11 on May 06, 2024, 10:27:17 AM

From the january i had a good profit. but i did leverage trading. so all profits gone. i am now done. what is the best way to face next coming months?

i have couple of 100 dollers on wallet left.

Loss is a loss there is no way to term that so accept that you tried something and it failed it doesn't mean it's the end of the world, nor you can't be successful again.

Move to spot trading, leverage is high risky. Investing in meme coins is choice if you're willing to risk all again.

Mpamaegbu

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Welcome to the club! You just got inducted with a paltry $100 fee. I want to believe the lesson learned is worth it to propel you to learning further and acquiring the necessary set skills for trading. Hopefully, you won't incur more losses than you've done. I guess you made your initial profit through Spot trading but lost it with Futures, right? I advise you stick to just buying and hodling with Spot trading. Now is even a better time to spot and make profit. We're bullish.

electronicash

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$200 seems a good amount for memecoin pump and pump. spotting which one is the hardest part but list them all in a tradingview account and watch which one has been on a dip for a long time but is so popular with a huge 24 trading volume. whenever one just spike about 5% and you think it is yet not too late to get into it, i guess that might just be your signal. Grin

not financial advice bro. or you can list top coins from BTC, ETH, SOL and BNB. just apply the same concept. Grin

Topic: what things to do when crypto loss is there (Read 185 times)