Bitcoin Forum

I started from 100$ and finished with 5000$ within 5 days on margin trading!

My previous record was  turning 0.1 btc in 4 btc within 2 weeks on Okex futures, that time BTC was around 3500$.

So how it was? I deposited $ 100 on Okex on August 15 and began to trade BTC perpetual swaps with big leverage. Starting from 70x leverage I decreased it to 40x moving to 20x as deposit was growing.
As I results I gained 5000$ within a short period of time.

But if you are trying to repeat this, then you need to be aware that you can easily lose your funds. It almost happened to me:
On the first day, I reached $ 750 and then at night BTC dropped by 600 points within an hour. These moments I do not wait for the liquidation. I take actions. I closed part of the position to get the liquidation point far away.
Better continue to trade rather than lose everything at the moment.

As a result of this dropdown, I had about $ 50 left and huge position on BTC perpetual swap. I was ready to close even more contracts and my finger was ready to do that. Thanks to god it was bottom point.

And I turned that $50 in $ 5,000 for following 5 days. By the way, after a drawdown almost all trades were profitable. Frankly speaking I almost reached this target for 3 days, but then I got tilted and lost on some trades, so I had to waste more time to achieve this goal.

Each of you who doesn't believe me , you can ask in DM and I will share trading report from my dashboard.

So what you can get from this story? Everything is possible, but don't be inspired by my story too much, because you can lose your funds on margin trading as well!

This is my original post in Russian https://bitcointalk.org/index.php?topic=5177494.msg52221620#msg52221620

True this is one very important aspect people have to note especially when it comes to Margin trading and also trade what one can afford to lose to avoid depression in case everything gets liquidated.

I am yet to learn a lot more about margin trading before i start trying it out too. I have been doing the other normal crypto trades for a while now.

Margin is some sort of gambling if you dont know on what you are doing.There are lots of inspirational stories about success on getting huge profits on trades but we didnt know on what are the things behind before they able to attain it and sometime we do think that this one do need some sort of luck. High risk= High reward as always.Im not risking too much on leverage ones yet my maximum is still on 5x and not going beyond those numbers.

Your title is wrong, @OP. It should be 100x in 5 days... since you said this  ;)

To anyone who want to try just like OP did, make sure you read about he was almost lost all his money when it dropped so deep (from $750 to only $50). You should aware about the risk, not only because of high return

---

Congrats for OP

You managed to achieve a good result, I heard about such cases, but you could not be lucky and you would lose all the money invested. Margin trading is a convenient tool, but it is risky at the same time and there are many examples of people losing money. Therefore, if you use these tools, you need to allocate a small part of your budget.

The moment I saw that you mentioned increasing such little amount of money to that much, I knew that you had leverage high, and you confirmed it by those leverages you mentioned which the risk you took there was such a every high one, anyway, I love people that knows how to take risk though, but we still need to be very careful because every day is not Christmas.

During the time of forex, that was how I used leverage too till I abused it and the effect of it was too bad that I swore never to return to trading again, but crypto trading being a new one, I came to see if my experienced can be used and that is why I am still trading crypto till date but I will never lay my hands on leverage trade again, leveraging is great, but it has to be done carefully.

@OP, You'll be lucky during that time cause after you started to invest the price of Bitcoin going high day by day. And I may think that it won't happen again this time. Trading is somewhat worth to trust of what we are doing and confidently thinking that may we have a luck every day but it can't and reality remains. 

It is not connected with growing price of bitcoin. Actually bitcoin price was fluctuating and as you know I was lucky to achieve this result within 5 days.
But yeah, trading isn't for everyone and investing in bitcoin and altcoins is better strategy for most of holders

Your trading success story is a combination of courage and luck, because you could lose everything as you say from $750 to $50 but in 5 days being $5000 is great. stories like this can be a motivation for novice traders but at the same time a trap for those who are not keen to read it that they end up losing money. Every trading method has its own risks so don't expect big profits if the risk is very small.

i am coming to your dm. i need a step by step details on how this Perpetual swap trade works.

holy! If this is a true story, you really are a very talented person. But can you share more about your trading method? Or what kind of books have you read to gain such practical knowledge and application?

To be honest is very extraordinary from what you have achieved, but I don't think I would have been able to take such a risk. Trading like a bet for me and risk is very high, maybe you were lucky yesterday to get that much profit. But I really appreciate your courage to take risks because few traders are able to take risks as high as you.


Right, trading like that is only done by professional people. For a newbie it is not advisable to trade like that unless they want to gamble from their trade.

Good success story. And with luck on your side, you turn your money big time and that is good to hear. I mean when we go around the forum, we hear beginners complaining about losing their money here. But this time it was pleasant to read. Yes, we can be inspired by your story but for others it will be a different result.

---

That is also my thoughts, leverage is hight, but I think the OP is well versed and had previous experienced that they he really knows the risk and mitigate it instantly, so from 70x-40x. I think this is not for beginners though because of the risk involved. But as the OP says, he just wanted to show that it can really be done.

Is a nice trading experience that you have shared. One point where you said you wasted time reaching your target in five days instead of 3 days because you were tilted or delayed, I tell you you didn't waste time. You made good money with that 5 days, many traders to get that.

And you showed enough patience and rebuild you capital to gain , cudos to you.

Great job, I can only congratulate you. You gave me food for thought. I looked at your original post and saw the proofs of your deals there. It looks like you are a really good trader or just a lucky guy.
Good luck anyway. Such a strategy is extremely risky. To apply it, you need to have a good store of experience and knowledge.

You can't be lucky and at the same time being a good trader. He seems to know what he is doing so this guys has tons of experience and knowledge that's why he made the big risk here. And take note the high leverage here, not for noobs. Newbies won't even go that high and even if they it will be very painful for them in the end because of the big risk. Anyways, I'm sure that the OP don't want to brag about his exploits here, but teaching us a big lesson that we can all make money here if we have the tools and experience.

If this is real then huge applause for the OP's bravery for risking with his capital but its almost not possible for everyone so be careful even with these kind of trading and even OP mentioned it.Marigin trading or binary trading or any kind of huge leveraged trading is just the another form of gambling so we can make it when we are lucky or just come up with the next time with the hope of making it.

Exactly, first time that I saw members here showing his trading skills with some luck and risk taking. I'm not into margin trading to be honest, but with this kind of post, it gets me intrigue and probably would like to take my hands dirty here. Will probably not risk that high though, just wanted to learn how it really works and I'm more willing to lose my some money just to understand this system. But great job indeed.

I think that the op should have put “beginners beware” at the start of his message before some newbies will think that it is that easy to trade , because  days is really not a wasted time, even if he said he wasted 2 out of it, to turn such amount of money that high? He must really be at the peak of pro traders, I mean, he must be one of the bosses of trader.

Trading normally itself is not easy and has lot of tension which you also have to be careful because of the risk involve, now we are taking of leveraging that high. I am sure that there are many people that would have already gen up at that first two day. Leveraging is really a risky strategy and I myself would not have dare risk more than 2x to 10x on any of my trade if I have to use.

Nice results but even with an optimal trading strategy, starting with this kind of leverage will often result in multiple liquidations before you can start building your capital up and lowering your risk. If you didn't blow up your initial $100 deposit at least a couple times at 70x I'd be amazed.

Most people will fail pretty miserably trading with this kind of leverage. Anything beyond 10x is getting into gambling territory.

Small update:
I achieved +4000$ more, but then lost money on yesterday dump. But prior to that I cashed out profit (more than 5000$),so I am satisfied
Now I have like 250$ on my account, will be trying to get rich or get liquidated

You can't always be right. It's good to see someone for once admit being wrong. The dump yesterday could just as easily be a pump. The only certain thing was that there would be a breakout.

Not sure if this is sarcasm or you actually being serious, but it's highly unlikely for someone to short and catch the perfect bottom. The indicators weren't even that bearish at all, more like neutral prior to the dump. If you really believed that the momentum shifted bearish, I wonder why you didn't go short before that? The short squeeze to ~$10,600 a few days ago would offer a solid setup to do so.

After talking with experienced traders, I learned their opinion on this matter. This is pure gambling.
If it’s relatively safe to do such things with a small amount, then with big money there is a risk that the exchange may forcibly liquidate your orders under certain circumstances, and you can prove nothing.
This is the opinion of major traders trading on Binance.

Binance also have their own margin trading and they are all the same pattern, whether through binance or through bitmex, and you are absolutely correct, margin trade at such high amount is purely gambling, risky and a trade of luck, op might have gotten away with this now, but I bet that it is not because he is an expert in it that made him won, but because luck just decided to shine on him, and if he really likes himself, he should just use the money that he has gotten now to make a physical investment because that is where greed use to set in for most people, they will want to try it again, and that may be the end of the money completely, when especially it comes to gambling leveraging high with as op do in the trade.

I agree, in most cases high leverage is a pure gambling. But it is a chance for small traders to accelerate your portfolio . I consider it as a challenge as well. So I want to beat my previous x100 record and make a new one. Or repeat it on bigger amount. Like 5000$ - 50000$ challenge

Personally i did a test trade on bitmex with just 150 USD last week.
Max leverage i used was x25. I managed to turn it into 500 USD within 3 days and this was with very little effort and just a few trades that i did with caution.

I really believe OP when he says he made X50. It's very possible on a trendy market.

Inspiring yes, but I have no plans of duplicating his success. His strategy may have worked for him for that day but it doesn’t mean his strategy will work for me as well. Furthermore, margin trading is not for everyone. You need to have a good understanding about it first before you jump into margin trading.

If this is pure gambling then you can say that you don't need skill to be able to read chart?


Yes this is a chance to gain your portofolio or vice versa, because you can lose all the fund immediately in one action.

I hope you lucky again with next challenge. Read all you story if you lose then it's not a problem because you already gain much profit before.

Your success story may inspire a lot of people, especially new ones. But they also need to be warned about those who have lost all their assets because of margin trading with high leverage, the sad thing is, many people lose everything but few share their stories.

margin trading is really a game of chance, it can help you get rich momentarily but it can also make you get poor very fast. This is not a good way to trade and can save you lots of money forever.
When a trend is identified, we should bet strongly, but if the trend is unknown, we should not make the transaction to avoid losing everything.

Congratulations!

That is an incredible gain from $50 to $5000. I just have some questions, why use Okex? I'm thinking of gambling $50 myself and am looking at exchanges where i can do 100x leverage (just a fun experiment to see what happens!). Also, do you have any specific tips on how to time the buys?

Ye, such experience with such results inspires to repeat  ;) always. This is a gambling part of our brain. I want to try also. But it requires strict discipline and MM. I'm sure many advanced traders from this forum branch can do it . Competition?  ;)

Why would you share your bad experience if it's only bring back those mistakes that you've committed? Most of the time, good memories are there to inspire us not to lose hope and keep trying to find your place inside this market, the opportunities for those who are really aiming to be successful from this venue of investment. Don't lose hope but also keep in mind that it's not only luck or only by chance, it also needs to be accompanied by dedicationand focus to strive higher.

Guys, I've started profile on trading view, making some predictions there. Although it is in russian, charts are clear and there is no efforts in reading it.
So check out my predictions (https://ru.tradingview.com/chart/BTCUSDT/0XUOVi3Y-btc-vyjdet-iz-treugolbnika-vniz-obval-do-6200/)
This is last one, take a notice that I've predicted 2-3 days in advance a crash of btc to 8200 . And check out where buy back started, directly in a green zone I point out.

true don't be so excited when someone sharing their good experience because the risky is always there.  And no one can prevent in it to be honest. especially on this current situation of the market! . So always use technical as a habit when it comes investing or trading because that's the most important to avoid risk situation. " Play safe ".that's the keyword for all true traders besr it on you mind guys.  Because in fact it's for our safety.  

A rare success story, no doubt. However, you need to understand that without good trading skill and a share of luck, such adventures will most often end in failure. The amount of $ 50 is pretty small to regret breaking up with her, but someone can spend significantly more in the hope of quickly creating a bankroll. Better to grow slowly but surely.

There are a number of platforms that support margin trading.
A few famopus ones i know are;
- Bitmex
- Bybit
- Kumex( Kucoin's new derivatives platform)
- Binance also recently launched margin trading thou i haven't used it yet

You don't just long or short randomly. You have to first look at the market trend and then also do some bit of technical analysis before entering a position. atleast it can increase you chances for not getting liquidated the very instant you enter a position  ;D

The most important part is knowing when to make an entry, then an exit and then of course risk management(like stop loss)

Note that margin trading on Binance requires you to submit KYC before you're able to trade; you're able to trade without KYC as long as you're not in any of the restricted jurisdictions of Bitmex, Kucoin or Bybit (US traders aren't allowed on both Bybit and Bitmex, not sure about Kucoin).

If you're trading on extremely high leverage, the most important thing you can possibly do is remain as patient as possible for an optimal setup to appear. Forcing trades to happen rarely works, and you're just asking to get stopped out or liquidated if you're forcing a trade to happen on high leverage.

If your strategy was that good a lot of people would have known it and never seen any struggling traders. Exchange was never a factor for your success except you offering a marketing service. Most cases we see such profit in few days are results of inside information, which no one will ever divulge.

Do it looks impossible but OP did it in a very short period of time.
Absolutely he was lucky that time but I never think that he wants to tell us everything he does cause may others will follow by then.
But with the current market situation today, it looks impossible and it is really hard to make it again even though how good you are in trading.

I will print your words and set in front of me to always remember about this rule. Sometimes I am impatient and let emotions to takeover me and force trades. So yeah, waiting for right setup is the only wise application of high leverage.

I like the dynamically reducing leverage approach to move the stop loss further out, it's also useful on Bitmex where you might want to make a play on receiving funding rate swaps in your favor which can accumulate nicely with considerable leverage.

How would you compare OKEX vs Bitmex in terms of leverage & funding rates offered ?.. Both of these markets have been mature and reliable enough for quite some time, making room for sustainable strategies to be formulated.

well, if it's gambling i prefer gambling on leverage trading than gambling on BlackJack or slots, at least you have more control than a pair of cards, speaking of my self i was able to do a 10X in 7 days. and that wasn't gambling at all.

Check out, I have already made such comparison, not only in terms of funding rates, but other features as well. Here is topic https://bitcointalk.org/index.php?topic=5168885.msg51951061#msg51951061
As for leverage, yeah, reducing it steadily was right decision. I believe 50-100x leverage is more like a gambling and can destroy your deposit

Did OP got his 10x from blackjack or slot games? He was won through trading and it's not like gambling where you need to be lucky to win.
I don"t believe with you anyway, if you can always do 10x in weekly, why you are still wearing paid signature until now?

It is not gambling. There was a part of gambling, because even if you a good trader, big leverage decrease probability of sucess and increase risks.
But most of decisions based on trading strategy, so comparison with BlackJack isn't valid.

Congrats on the profits you made, i am yet to understand margin trading and i would like to learn from the experts. I know the risk involved but would like to know from people who made the profits.

So what is the point in disbelieving you, it would be great if you could come up with a newbie guide so that everyone could learn.

Anything is possible and for those who are getting inspired by your margin trading story, why don't you come up with a newbie guide.

Margin trading is very risky and it is not good to boast your winnings with other beginners in this forum. But, I agree and know what you're saying is true. It is possible to get such high winnings with that trading technique. I know somebody to do this kind of trade and he is always successful in doing so. He's posting on his fb acc using margin trading. Another info in here is, on that time the market is not that healthy.

I don't want to inspire beginners and go 100x leverage, I have said that margin trading is extremely risky,when you take big leverage and don't have any working strategy. So first thing learn basics and then try margin with small leverage.

If you participated in IEO on the Binance you made KYC already. And as I know Binance doesn't have such product as OKex perpetual swap. Bitmex has but their funding times are 3 times per day instead of OKex.

Another not bad exchange with margin trading is Deribit. Last time I hear more and more about it. But I don't try it, sorry

I also heard about Deribit, but never tried it, I am interested in Deripit options, it is more risky than futures, but potential growth is tremendous and it is another tool to hedge your position. Also I know 1 guy who has created rebate trading bot on deribit

It's not like I am dissecting your post to find fault - for it's really none of my business ( or it shouldn't be at all) but I am kind if wondering why you actually shared this story if you don't want people getting inspired by it?

What is this - rebate trading bot? What this bot can do? How it can help in margin trading?  ;) Quicker reactions and work with by scalping strategy? Can you explain, please.

what you produce is very good because it is very rare traders can get luck like that, now you try like that again I guarantee it will not be easy to be able to go back like that because at this time the price and market conditions are not good so it is difficult to get that much profit in margin trading.

I just try maximum 20x leverage on OKEx perpetual swap, because the market is so violate now and if use 50x or more like you, you will be liquidated position easily. And for who said that margin is gamble, i think not. For gameble, you have 50% change but you will lost all if you lose. For margin you can control the risk by stop loss, and increase profit with greater leverage.

Yes, it is easily to be liquidated. But I accept risks and you know, I was liquidated several times, it is not something new for me. I know what I am doing and what are the consequences.
By the way Okex is about to launch 100x USDT futures and this product worth seeing. More gain on shorts, because you gain profit in usdt and not in falling asset