5% on Binance still loss?

[CristianOff]

Can someone explain me how Binance futures work?

Despite me making 5% return on my entry, somehow I am still operating at loss. I will show you a video
Keep in mind professional traders in industry look for a 3% target so that's why I want to know if I am doing
something wrong.

https://youtu.be/mCCeOZHXIuE




EDIT:

Tried doing it again, still same loss results despite being profitable https://youtu.be/bG10ZI3GEqY

[Naida_BR]

I am not the guy that would explain you how futures work.
I am here to tell you that you made a big mistake to be involved in futures without knowing about them. It is possibly a loss of your money as you are involved without having knowledge how to control your losses.

[CristianOff]

I am not the guy that would explain you how futures work.
I am here to tell you that you made a big mistake to be involved in futures without knowing about them. It is possibly a loss of your money as you are involved without having knowledge how to control your losses.

My preferred style of learning is to learn from mistakes because it is what works for me. As you can see I am using a limited budget specifically to learn.

[OgNasty]

Tried doing it again, still same loss results despite being profitable https://youtu.be/bG10ZI3GEqY

I looked at this clip and while I've never used that platform or have any idea what your account balance looks like, it appears this is what you did.

Shorted 0.06 BTC @ $9705.89
Covered your short @ 9704.95 (a profit of $0.06 on your trade)
Paid $0.11 in fees

End result is that you lost $0.05.  My guess is that you were shorting slightly more BTC than you had in your account which triggered additional margin fees.  Not sure where you think you made 5%, but my guess is it's a misunderstanding of what "mark price" actually means.

[CristianOff]

Tried doing it again, still same loss results despite being profitable https://youtu.be/bG10ZI3GEqY

I looked at this clip and while I've never used that platform or have any idea what your account balance looks like, it appears this is what you did.

Shorted 0.06 BTC @ $9705.89
Covered your short @ 9704.95 (a profit of $0.06 on your trade)
Paid $0.11 in fees

End result is that you lost $0.05.  My guess is that you were shorting slightly more BTC than you had in your account which triggered additional margin fees.  Not sure where you think you made 5%, but my guess is it's a misunderstanding of what "mark price" actually means.

Thank you for your comment.
The PNL is "Unrealized profit and loss on this position calculated based on Mark Price, and return on equity percentage.". It becomes realized profit when you obviously sell it.

The mark price and PNL (ROE%) are misleading for me but now makes much more sense.



This is a video where at current indicated time the ROE and PNL actually work as normal
https://youtu.be/fnKw_VzO4ng?t=763