If you have been on this forum some years ago, you will not want to use HitBTC because it was not a reputable exchange, having high transaction fee, freezing customers account at anytime and also forcing their customers to do KYC at the time. HitBTC was my second exchange and I left it long ago because too many users on this forum were complaining about the exchange.

It did happen to me countless number of times. The last one that I remember that caused me significant loss was when I was winning $45 already but I set TP at $50. The market later went down and I lost money a lot. As a trader, it is good not to be greedy.

This is very bad to hear. How can fans be stabbed all because they are not supporting their club in a country that is not theirs. I will not say that foreigners should be careful but the stabber should be known and be given the right punishment like to imprison him or her for years if the fans did not die or sentence him with capital punishment if any of the fans die.

I also use limit order on Binance until I prefer to trade on Bybit. I have forgotten how it is on Binance but if you use TP/SL on bybit, you will  nit see limit or market order. But there is another one called close by, you will be able to set the limit order there. I did it just right now and the order filled at the expected price. But the market was not that volatile at the time for me to draw a perfect conclusion. I will continue to use it instead of TP/SL.



Do not just make conclusion. See my explanation above. When I click on set TP/SL, this is what you will see:




If you click on last, you will see this (I set mine as mark and I click on mark):




There is no where to set the limit order unless you go for close by. Even though I did not use the limit order but I set the the TP as mark, the trade filled at the mark price which is the expected price that I need. So how am I not good in trading?

Only what can be used to make conclusion if a trader is good is when he has profit than loss.

This show me as a bad trader?



In short, the mark price still do what I wanted. Also the limit order.

Some traders including myself have blamed exchanges that instead we should make profit, that the PnL is loss for us after closing a position. I noticed what is causing it recently apart from trading fee.

We know that trading fee can cause it. But after the fee is deducted, you will still know that you are losing. The last price and the market price should be what you should know their differences. Not their definition or meaning, but how exchanges use them if you set take profit.

TP= take profit.

On exchanges, you will notice that there are two prices of a coin like in this image:



The price above is the last price which is 5.679
The price below is the mark price which is 5.577

The market is not that volatile when I took that picture. If the market is volatile, you can even see the mark price price much lower than that if compared with the last price.

If you set take profit at $5.679 and you use last price to set the TP order, the TP will be filled at $5.577 which is the mark price and which will make you not to earn the profit that you supposed to earn. But if you change the TP order to mark price, the order will be filled when the mark price get to $5.679.

How to set it to mark price depends on the exchange that you are using but you will ṣe it when you want to set the TP after you have opened a position.

What newbies use to do on exchanges first is to know how they can be able to convert from stable coins like USDT or USCC to unstable coins like bitcoin and vice versa and that is spot trading. So no matter what, newbies would have likely know spot trading. You are not wrong by saying that liquidation is common to traders, but read what I also posted below.

Future trading is very risky, but not as risky as it seems than spot trading the trader is nit greedy. The risk that many traders face is because they are not having a good strategy for risk management and they prefer to go for leverage. Newbies are often tempted to use 10x or more leverage. I remember when I started to trade futures, I prefer to use 125x for bitcoin but which is greediness and foolishness, unlike now that I just go for 1x leverage. If a trader is using averaging and also not using more than 1x leverage, it is better.

That makes the market to be a good market, as far as the fall is not greater than the rise. As for bitcoin, the rise is significantly greater than the market correction.

Not that people were selling when United States of America SEC approved bitcoin ETF, it was because of some liquidation of BTC. But companies like BlackRock bought some, but the selling still resulted to price of bitcoin falling at the time.

I do not really understand what you mean as volatility, likely you mean adoption. Just know that the selling after massive price increase is good as far as the selling is not significant like the buying.

It is easy to control your emotion while bettingbif you are disciplined and gambling responsibly. What you just need to do is to have a gambling budget and do not let it be more than 1 to 5% of your weekly or monthly income. Assuming you are earning $500 weekly and you are using just 5% to bet which is just $25, that can not affect you financially. But if it will affect you financially, you can go as low as using $5 which is 1% of your income. If you try this, you will see that gambling is good and fun and you will be able to control your emotions. But do not go more than your gambling budget which should be a small amount/percentage from your income which can not affect you financially.

It is as simple as saying those that financially dependent on the gambler. The only people that may not depend on the addicted gambler but not happy about their son or daughter addiction are parents.

I prefer ways to avoid the addiction than those that are indirectly affected.

I lost more in gambling and my profit has not been up to my profit, although  I am not looking for ways to recover back my losses. But starting from 2020, I won than I lost. Before 2020, I gamble most time of the day but I changed that in 2020 as I do not gamble frequently anymore.

The highest that I have won is around 10 odds. It was more than 10 odds actually. When I check the games that I selected which were six matches, I have won five matches and remaining Juventus which was losing, but I left watching the match but later checked the final score as Juventus later scored two goals and won the match.

What I noticed about sport betting which is disappointing is that the team that you will think that has the highest possibility to win will draw or lose, but the one that you think would win also but not having higher probability would be the one that will later win. I do noticed this in some matches that I staked before. I do not use to have the feeling that a match can make me lose unless I analyse it and my analysis tells me not to go for the team and I will not go for it.

No, it does not have any different changes because of the amount you use to open the position or not. If you open a position with $50, $100 or any amount of money, the liquidation price will still be the same as long s you open it at the same price and using the same leverage.

Our target is not the all-time-high only but also six digits. If bitcoin can go six digit, that is still profit if compared to the price now. I am expecting bitcoin to get to at least $100000, but I guess all-time-high would be around $170000 or more. If bitcoin get to such high price, that means profit is still the fate of late investors, although they can not make money like those that have invested when bitcoin was below $20000.

Do not gamble for money making
Do not gamble when losing already. That is true
Do not gamble that day again if you have made profit
Have gambling budget
Do not let your gambling budget to be more than 1 to 5% of your weekly income. 1% is percentage that is recommended to gamblers
If you go more than your gambling budget, you are an irresponsible gambler.

And halving has not occured yet. This is the first time this happened before halving. Some people put a sell limit order at $69000 or a price slightly above $69000 is the reason. Yes it is true that bitcoin price increased above $69000 and it fell back to $67000 but now it is around $68000. We like it or we do not like it, bitcoin will not decrease below $69000 ever again, but not yet now. We are going $100000 next, but this may take months.

I do not feel surprised because I do not go against any rules of the casino. But sometimes, you can see some casino saying they have wallet maintenance but which can just last for some minutes or hours. But the way that I will not be able to withdraw because I go against one of the rules, I have no such problem and not surprising. Most people that have the problem actually go against one of the rules of the casino or gambling site. But I like to have a good user experience about a site which encourages me to keep using the site.

The all-time-high is $69000 in November 2021. Bitcoin increased to $68800 and which means the price did not get to all-time-high yesterday.

The reason I am investing in bitcoin and not yet selling is because bitcoin is going to $100000 and I am not in need of the money right now. My prediction is that bitcoin will get to $170000 in 2024/2025.

Why will I check it when I know what I am saying. I have traded many coins and tokens and calculating the estimated liquidation price myself. That my calculation is correct.

I prefer to go practical with real trading and not just make use of any calculator. I know that calculator is existing on Binanace but I have not used it before. I changed back from multi asset mode just to single asset mode just to proof a point that this is wrong. Also you can go to my previous posts and read it again and see how I am very correct after you check the correct calculation from my image below.



You can see the price that I set which is $60000. You can see the estimated liquidation price which is $39605.2. Not $44000.

You may use exchanges calculation, but what I am saying is correct.


I will like you to read what I posted above because some exchanges also will calculate the liquidation price for you automatically while input the amount of your asset that you want to use to trade. By that my calculation can be helpful and it is simple.

I am wrong? Okay let us assume that I am wrong. If bitcoin is at $60000 and you go 3x leverage to open a long position, what price would be the liquidation price? You can not say that I am wrong if you do not give the answer. Give the answer in bitcoin price with prove and not just refer to any article.

It is simple.

Bitcoin price at $60000 and you open 3x long position.

$60000 ÷ 3 = $20000

$60000 - $20000 = $40000 which is the liquidation price.

There would be a slight difference on the exchange and that is how exchanges are. You can see the liquidation price slightly closer but of very little difference from your calculation. On some exchanges, the liquidation price may be slightly be farther because the exchange keep some money for you instead of using all to open a position.