Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: sagarmota10 on November 03, 2024, 07:15:48 AM
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I had coins holding in spot market, but I sold those spot holdings about week ago to get into futures, and all the positions I held were liquidated today and I am feeling depressed because I am salaried in india and salary is just $200 usdt, and this loss is huge about $3k usd.
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That is future trading. Newbies in future trading will be tempted to use high leverage and their money can easily be liquidated.
I guess you go on short position but the market is not good right now. It is good not to use more than 1x at first. To more leverage you use, the more gambling future trading will become.
Sorry for the loss.
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I had coins holding in spot market, but I sold those spot holdings about week ago to get into futures, and all the positions I held were liquidated today and I am feeling depressed because I am salaried in india and salary is just $200 usdt, and this loss is huge about $3k usd.
Sad to hear out this mate and that 3k is indeed a significant amount that you have lost there. The only you can do here is to learn up with those mistakes and try out to realize that futures trading isnt something that you could be able to easily deal with. It is really just that too risky specially if we are talking about higher leverage. Dont get easily hooked up on whatever gains that you do see online because usually newbies are the ones who do end up on trying out futures without risks management or being mindful on what it is. If you do find yourself being profitable
with spot then it will be best that you should stick with it instead.
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I had coins holding in spot market, but I sold those spot holdings about week ago to get into futures, and all the positions I held were liquidated today and I am feeling depressed because I am salaried in india and salary is just $200 usdt, and this loss is huge about $3k usd.
Wow, so sorry about your loss mate, it's really a tragedy as that's how trading is. It's a give and take thing. You should have help your position in spot instead of diving into futures. Most times in trading you should try your best to stick to your plans and don't rush into making huge profits.. all what you can do now is to learn from your mistakes trading isn't a one day thing as you learn everyday from your mistakes thats how it works. Avoid over trading or placing trades that you can't afford to loss.
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I had coins holding in spot market, but I sold those spot holdings about week ago to get into futures, and all the positions I held were liquidated today and I am feeling depressed because I am salaried in india and salary is just $200 usdt, and this loss is huge about $3k usd.
- If you're a newbie and you know yourself that you don't have enough knowledge about trading, that's what you did. It can be said that that's the wrong decision you made. You should not have transferred the assets you have in the spot to futures trading.
All your assets will be dissolved when you put them in derivatives trading, because it will eat up your balance as long as you have a balance, especially if you don't have a set SL. You will lose very quickly that way.
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If you're a newbie and you know yourself that you don't have enough knowledge about trading, that's what you did. It can be said that that's the wrong decision you made. You should not have transferred the assets you have in the spot to futures trading.
This is a common newbies mistake. Future trading is very risky.
All your assets will be dissolved when you put them in derivatives trading, because it will eat up your balance as long as you have a balance, especially if you don't have a set SL. You will lose very quickly that way.
Stop loss can only reduce the time to lose all the money. If they lose small amount already, they will want to recover losses just like in gambling. Most likely the person will lose all the money before he will realize that he made a wrong move.
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Sorry for your loss but you don't have to be depressed, at least your salary is higher than the salaries here in my country which are only $50-100. :)
Futures trading is a big risk and your mistake was definitely using a big leverage, but it's okay you should learn from your mistakes and avoid them in the future so at least your loss won't be for nothing.
Staying safe in spot trading is much better than taking the high risks of futures trading.
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This is really sad news. You earn 200 usdt monthly but due to future trading you have lost 3k which is much more than your income. I don't know how you can recover such huge loss. New traders may be able to derive some benefit from your situation. Spot trading is difficult for newbies but if one is looking to profit more within short period and puts his money in futures trading then his chances of loss are high. For many, futures trading can be an addiction. But before doing this kind of trading, you must have a good idea about your own capital.
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Well that's part of the experience to be lost in futures I was in the same situation months ago. All my spot coins/tokens are converted to USDT just to try my luck on futures and try some of the strategies that I learned, but the result is pretty bad I lost them all. I am using higher leverage, like 10x to 20x with risk management, like using stop-loss, but in the end I lost them not instantly but gradually.
That's why right now I still keep trying myself to improve my strategy and learn more strategy, but this time not with high leverage. I play with paper money on TradingView and test out some strategies on futures with a small amount.
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I had coins holding in spot market, but I sold those spot holdings about week ago to get into futures, and all the positions I held were liquidated today and I am feeling depressed because I am salaried in india and salary is just $200 usdt, and this loss is huge about $3k usd.
Even then there is need the trading skill for doing future trading in my personal opinion what I think is future trading is also similar to the gambling. Becuase here you have to predict price and put your money where is the price touch then you can win some certain 2x profit and as well you can also lose your whole funds.
And by chance if you don't know about the analysis and want to do the future trade then you have to must think that you are doing the gambling rather than trading. My suggestion would be stay back from any types of the trading if you don't know how to do the trading analysis.
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OMG, I think this is a very painful thing... many people are interested in futures trading because they see the potential profits... but many also forget that the risk is very high... you should immediately get up and start being ambitious to work extra hard to get money in other ways that you have mastered...
Generally, many people are interested in futures trading because they see the profits shared by their friends on social media... and use your expertise in spot trading to recover the losses you experienced, my friend.
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That is future trading. Newbies in future trading will be tempted to use high leverage and their money can easily be liquidated.
I guess you go on short position but the market is not good right now. It is good not to use more than 1x at first. To more leverage you use, the more gambling future trading will become.
Sorry for the loss.
while i was learning about future trading immediately i recognized the risks and thought that this is not something i could explore as a beginner trading is extremely difficult and complex that adding the concept of future trading did not make it any easier for me
well for op this is unfortunate but it happens we just need to make sure we know that we can bounce back well and learn from our mistakes maybe you should take a step back for a bit and reevaluate how things are and how you want to approach trading from here onwards
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while i was learning about future trading immediately i recognized the risks and thought that this is not something i could explore as a beginner trading is extremely difficult and complex that adding the concept of future trading did not make it any easier for me
Although once you have known spot trading, future trading will not be hard to understand. But it is very difficult to use future trading to make money. So if it is in making money that you meant that is hard, you are not wrong. The wrong decision some people make in their life is that they go to the future market to trade and lose huge amount of money. It can even be all their money that they lost in just short period of time like few minutes or few hours. I have read some people that posted about this before in regret.
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Cryptocurrency market unpredictability has really hurt you losing $3000 which is 15 times your monthly salary which is really sad dear. You tried to make more money by switching from regular market to futures but it did not work out. This shows thay how much risky trading can be especially when you are borrowing money to trade.
If you want to get back on track think about how much risk you can handle and set achievable goals and make plan to manage risk and spread your investments do not rely on one coin or token. Talking to financial experts or online groups can also help during this tough time. Keep in mind that losing money can teach you valuable lessons to improve your trading so use this as chance to learn and do better next time.
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I had coins holding in spot market, but I sold those spot holdings about week ago to get into futures, and all the positions I held were liquidated today and I am feeling depressed because I am salaried in india and salary is just $200 usdt, and this loss is huge about $3k usd.
This decision you made is probably a big lesson learned for you. It's just sad because you transferred all your assets to futures. I hope what you did was you only put a small amount of crypto assets so that at least you could feel the flow of movement in futures compared to spot trading.
But that's been there; that's happened; don't do it again; after all, if you've lost money, I'm pretty sure you can recover it if you keep up with continuous learning.
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This is the name of the trade, there must be a risk, it's just that we have to be smart in avoiding the risk from us and it's too late, now what you do is try hard to get up from this situation and take lessons from all these mistakes so that in the future we can be more careful in taking action before doing it. Many people take steps to invest in futures, it's just that they take that step without thinking about the risks in the future.
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I had coins holding in spot market, but I sold those spot holdings about week ago to get into futures, and all the positions I held were liquidated today and I am feeling depressed because I am salaried in india and salary is just $200 usdt, and this loss is huge about $3k usd.
Fist of all, there is nothing we can be doing in life that does not involve taking risk, did anyone tells you that you're not standing by taking any risk in trading at all, because if you have been going along with the market way of performance, whenever there is a sudden shock like this in the market, a huge amount of billions of dollars invested on crypto markets get liquidated, you would have made it a little by little investment, you shouldn't have placed all your eggs on the same basket for safety reasons, not to talk of when considering future trading.
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I had coins holding in spot market, but I sold those spot holdings about week ago to get into futures, and all the positions I held were liquidated today and I am feeling depressed because I am salaried in india and salary is just $200 usdt, and this loss is huge about $3k usd.
Futures trading is very addictive as you can take large amount trades by multiplying your funds here even if you have less and due to this you can make huge profits in short time which would require huge amount investment in spot case. Due to which everyone is getting addicted to futures trading. And they are constantly losing their funds due to lack of deep knowledge of trading. When one starts trading futures it becomes a habit to try to make big profits quickly. Because futures trading is like gambling. So they get addicted to futures trading and they start avoiding spot trading since it doesn't give them satisfaction.
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I had coins holding in spot market, but I sold those spot holdings about week ago to get into futures, and all the positions I held were liquidated today and I am feeling depressed because I am salaried in india and salary is just $200 usdt, and this loss is huge about $3k usd.
Futures trading is very addictive as you can take large amount trades by multiplying your funds here even if you have less and due to this you can make huge profits in short time which would require huge amount investment in spot case. Due to which everyone is getting addicted to futures trading. And they are constantly losing their funds due to lack of deep knowledge of trading. When one starts trading futures it becomes a habit to try to make big profits quickly. Because futures trading is like gambling. So they get addicted to futures trading and they start avoiding spot trading since it doesn't give them satisfaction.
For those who are addicted to time -term trade, they will choose this trade and start training their skills here. I lack knowledge and experience in futures trading so I am more trade in trading spots. Because everyone has consideration in making decisions to invest, and I have failed in the futures trading so I chose the SOPT trade, which I have the safety there even though the results are not as big as Futures trading.
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I had coins holding in spot market, but I sold those spot holdings about week ago to get into futures, and all the positions I held were liquidated today and I am feeling depressed because I am salaried in india and salary is just $200 usdt, and this loss is huge about $3k usd.
I said it a few times in the past, and I will say it again here. LEARNINGS REALLY IS VERY EXPENSIVE. :D
Not gonna blame you if you lost your money in trading and you're a newbie. The only problem with this one is that, you're a newbie, and you went all in with your $3000 USD hoping that you will make more money. Greed really is a big problem now, eh? Anyway, I hope that you learned a lesson on this one and with you living in a country that has an estimated monthly salary of $200, that amount that you lost is quite huge. I hope you will feel okay in the succeeding weeks, and if possible, stop trading at least, but don't stop investing.
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I had coins holding in spot market, but I sold those spot holdings about week ago to get into futures, and all the positions I held were liquidated today and I am feeling depressed because I am salaried in india and salary is just $200 usdt, and this loss is huge about $3k usd.
I said it a few times in the past, and I will say it again here. LEARNINGS REALLY IS VERY EXPENSIVE. :D
Not gonna blame you if you lost your money in trading and you're a newbie. The only problem with this one is that, you're a newbie, and you went all in with your $3000 USD hoping that you will make more money. Greed really is a big problem now, eh? Anyway, I hope that you learned a lesson on this one and with you living in a country that has an estimated monthly salary of $200, that amount that you lost is quite huge. I hope you will feel okay in the succeeding weeks, and if possible, stop trading at least, but don't stop investing.
In trading we should not be greedy and take profit when the target has been reached and do not expect a bigger profit because sometimes greed will eliminate the opportunity to make a profit.
As a beginner we should not use large capital for trading, it is better to use small capital first after having skills and knowledge we can increase capital for our trading.
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In trading we should not be greedy and take profit when the target has been reached and do not expect a bigger profit because sometimes greed will eliminate the opportunity to make a profit.
As a beginner we should not use large capital for trading, it is better to use small capital first after having skills and knowledge we can increase capital for our trading.
Actually, taking advantage when the target is achieved is an important factor in order that we do not get overwhelmed by our desires, which at times can be counterproductive. I also address the possibility ofentering the market with a small capital: it is beneficial for beginners because one can learn and manage risk better. So, we gradually create the stock and gradually introduce the equity to the values when our skills are improved so that while trading, incremental performances, and effectiveness can easily be attained.
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In trading we should not be greedy and take profit when the target has been reached and do not expect a bigger profit because sometimes greed will eliminate the opportunity to make a profit.
As a beginner we should not use large capital for trading, it is better to use small capital first after having skills and knowledge we can increase capital for our trading.
Actually, taking advantage when the target is achieved is an important factor in order that we do not get overwhelmed by our desires, which at times can be counterproductive. I also address the possibility ofentering the market with a small capital: it is beneficial for beginners because one can learn and manage risk better. So, we gradually create the stock and gradually introduce the equity to the values when our skills are improved so that while trading, incremental performances, and effectiveness can easily be attained.
If we are diligent in trading with focus and always practice our skills in developing strategies and making analysis, we can get profit with small capital, and if we are consistent from small capital, over time our capital will become large, Focus on learning is the key to success in trading in crypto.