I have f.. up with margin trading

[tomm741]

Hello there guys,
I have tried margin trading because i thought yeah its easy to make money with 100x leverage but
no is not i was stupid.
I have lost 4,5k usd
i still have 240 usdt

Im open to sugestions how to get that back, even if it takes time
Or if someone would be willing to send me when and what to trade to do that ( someone experienced )
there ll be an ICO for JST token , can it make x5?
im thinking for a ways to earn that back ...

[1714737809]

1714737809

[thecodebear]

Wow. sorry that happened. I would never use margin, wayyy too risky. My advice is to simply learn from this mistake and not use margin ever again.

[chaser15]

I have tried margin trading because i thought yeah its easy to make money with 100x leverage but

With a though like this, you will really F up. If it's easy to make money on 100x leverage, we are all enjoying nice profits now or maybe that feature will not be available or implemented.

Im open to sugestions how to get that back, even if it takes time

Then learn the most usual way to do trades. Take time to learn it since you are willing to spend time. For what should be the coins or tokens to be traded, that's what you need to know. For beginners, BTC is the only safe asset win or loss but don't take the word safe as 100%.

there ll be an ICO for JST token , can it make x5?

Don't rely on that. ICO simply means token sale. Their market value once they list on the exchange will not be determined by their ICO price. The worst case, no value as it might not get a chance to be listed.

[cafetools]

That is horrible to lose BTC gambling, especially watching the bull run that started last night and today!

[gantez]

I say don't be desperate to fight or enter the market at every spotted opening so you don't lose all. Take a break, learn better ways to trade and avoid leverage since you couldn't take the advantage. Your lose is high but with a better strategy, you can recover.

[Quidat]

Hello there guys,
I have tried margin trading because i thought yeah its easy to make money with 100x leverage but
no is not i was stupid.
I have lost 4,5k usd
i still have 240 usdt

Im open to sugestions how to get that back, even if it takes time
Or if someone would be willing to send me when and what to trade to do that ( someone experienced )
there ll be an ICO for JST token , can it make x5?
im thinking for a ways to earn that back ...

Margin trading was never an easy thing and the market can really fucked you up and just like on what happened atm
on where the price shoots up and if you did make some short position then it did totally blow up your account.
Sorry on what you have lost and also taking it back wont really be possible by investing into any ico or some sort.
Dont let desperation would control you because it might be the reason that you will commit the same mistake
and would fucked you up twice.

[maxreish]

Margin trading isn't easy at all. And doing some careless entries when infact you are still new in this fields is not a good idea. Do you know that having a 100x leverage make it easier for you to liquidated your trades immediately?
 And I am sorry about your losses. 4.5k usd is kinda huge. You can try some of these tips to slowly recover;
 
 

• Always use stop loss.
   
• High lower leverage like 5x to 10x for safe trading.
• Since market is so volatile, find some technical analysis to spot "when" to enter and to exit trading. There are many indicators you can actually use and easy to read and learn.
• Make your mistakes and losses be your inspiration to recover. If you reflect and saw which wrong had you did in your past trading, you can change and prevent that in the future.

[gentlemand]

I have no idea how margin trading a totally unpredictable asset at ratios that are illegal in most markets on markets that openly trade against their own customers ever became accepted as the norm, but that seems to be how it is.

Get a better job and buy it back.

[so98nn]

That is very unfortunate to loose that kind of money man.

There is no way to get that much money without risking on a hard bet. You may try out some gambling games, but again as the name suggest you will be gambling. One more risk!!

If i were you then i would have stopped already at 500 USD loss.

With what money you have right now, i would just hold it and gain some 20-30% after bitcoin halving, if price rise occurs.

You have to loose nothing so just hold until and after 18th May.

[BitcoinTurk]

Margin trading transactions are always risky, but trading by determining the leverage ratio you will use and keeping your stop orders at reasonable levels is a very lucrative method. Although I used x10 leverage in the day when the financial crisis started last month, I did not use a stop order and lost almost all my money quickly. The money I saved and earned in a few months was officially gone. For this reason, I say that a stop order should always be used in transactions with leverage. Of course, it would also be beneficial not to use a high level of leverage. For this reason, you should make detailed calculations and determine your leverage, profit and loss position closure points well.

[bustabitsboy]

Anything that offers 100X is gonna have risk
i would say use the last of your funds and try and ride a alt coin Pump
alternatively take the L and move on
sorry to hear about your mistake but i am sure you wont make it again 

[Akiko]

Anything that offers 100X is gonna have risk
i would say use the last of your funds and try and ride a alt coin Pump
alternatively take the L and move on
sorry to hear about your mistake but i am sure you wont make it again 

I also have a friend wipe out his money this day using margin trading. That 100x  is not easy to happen not all is lucky enough to win that % amount , and for my suggestions you already experienced  to lost big enough in margin so don't do this again its better to trade normally so you will not lost big for every trade you do.

[bustabitsboy]

Anything that offers 100X is gonna have risk
i would say use the last of your funds and try and ride a alt coin Pump
alternatively take the L and move on
sorry to hear about your mistake but i am sure you wont make it again 

I also have a friend wipe out his money this day using margin trading. That 100x  is not easy to happen not all is lucky enough to win that % amount , and for my suggestions you already experienced  to lost big enough in margin so don't do this again its better to trade normally so you will not lost big for every trade you do.

I did margin trading on bittrex for 2 -3 years and honestly i was lucky to only have lost as much as i did, feels liek educated gambling most times

[The Sceptical Chymist]

I have tried margin trading because i thought yeah its easy to make money with 100x leverage but
no is not i was stupid.

Sure, it's way easy to make money if you're using 100x leverage--as long as all your trades go your way, which frequently doesn't happen (you found that out the hard way, unfortunately).  

Don't feel too bad, though.  You're in good company as far as the number of traders who've gotten blown out when they're over-leveraged.  Even some of the most experienced, highly capitalized traders have been wiped out.  Anyone remember Long Term Capital Management?  If not, at least check out the Wikipedia page on them and how they almost screwed up the banking system because of how much leverage they were using.  It's incredible.

OP, as far as recouping your losses, I don't have any sage wisdom to give you.  You just got an education that cost you a lot of money, and I'd probably just take a break from trading until your mind is right.  And I would definitely not use so much leverage next time--maybe none at all.  I've never traded on margin myself and while I'm sure I could have made a tidy profit on a few trades had I employed leverage, I don't have that kind of mindset.  I don't like borrowing money, especially for risky things like trading.  Good luck to you in the future.

i would say use the last of your funds and try and ride a alt coin Pump

Sure, why not lose the rest of his funds?  Very few people get out of "altcoin pumps" early enough to make a profit.

[NeuroticFish]

Im open to sugestions how to get that back, even if it takes time

Since you are obviously not experienced enough in trading, I'd advise you stop gambling and pretend you are trading.
My advice is to get back your loses doing proper work (a job), earning most probably fiat.
If you also want to invest, please do, but always invest only what you afford to lose. (Be very careful in what you invest too.)

[fudster]

I have tried and suffer loss the same with you. One thing I understand then is that this is a decentralized market yet manipulated there for anyone with huge stash can easily bid/ask price  for traders to lose, hit to their stop loss. You'd rather be trading to accumulate coins than trading to get few bucks via margin trading.

[bustabitsboy]

I have tried margin trading because i thought yeah its easy to make money with 100x leverage but
no is not i was stupid.

Sure, it's way easy to make money if you're using 100x leverage--as long as all your trades go your way, which frequently doesn't happen (you found that out the hard way, unfortunately).  

Don't feel too bad, though.  You're in good company as far as the number of traders who've gotten blown out when they're over-leveraged.  Even some of the most experienced, highly capitalized traders have been wiped out.  Anyone remember Long Term Capital Management?  If not, at least check out the Wikipedia page on them and how they almost screwed up the banking system because of how much leverage they were using.  It's incredible.

OP, as far as recouping your losses, I don't have any sage wisdom to give you.  You just got an education that cost you a lot of money, and I'd probably just take a break from trading until your mind is right.  And I would definitely not use so much leverage next time--maybe none at all.  I've never traded on margin myself and while I'm sure I could have made a tidy profit on a few trades had I employed leverage, I don't have that kind of mindset.  I don't like borrowing money, especially for risky things like trading.  Good luck to you in the future.

i would say use the last of your funds and try and ride a alt coin Pump

Sure, why not lose the rest of his funds?  Very few people get out of "altcoin pumps" early enough to make a profit.

LIke you said there isnt really a quick fix but if you are in for a penny you are in for a pound and i think he would rather try his luck at something else to do with BTC than withdraw less than 5% of his initial investment, but i do agree that it has a low probability of sucess

[Oilacris]

Im open to sugestions how to get that back, even if it takes time

Since you are obviously not experienced enough in trading, I'd advise you stop gambling and pretend you are trading.
My advice is to get back your loses doing proper work (a job), earning most probably fiat.
If you also want to invest, please do, but always invest only what you afford to lose. (Be very careful in what you invest too.)

People do miss out this basic thing and they do hurry up on making profits thats why they do really end up on into unfortunate situation like losing up money.
Margin trading cant really be easily to messed up because one wrong decision will really cost you a lot and most people do know that margin trade is somehow
similar to gambling when we do talk or compare the risk of it than just doing a manual simple trade.Theres no way for recovery but to start up all over again
but now op is already aware because of the experience.

[Kelvinid]

Im open to sugestions how to get that back, even if it takes time
Or if someone would be willing to send me when and what to trade to do that ( someone experienced )
there ll be an ICO for JST token , can it make x5?
im thinking for a ways to earn that back ...

To continue in Trading isn't the right way to recover your losses, but it could be a reason for losing your entire funds.
It is a really bad experience but it serves you a lesson to learn also and to find yourself not for trading, it can be in the future but provided that you are knowledgeable enough here. Time to think aside about trading but might consider investing Bitcoin or altcoins this time, and it is much safer than participating ICO or IEO projects.

[leea-1334]

I think I have said and many others have said so many times to stay away from margin,,, it is tough enough to get profits without leverage, and it is even easier to lose with margin.

Imagine that because of spread, when you buy, you immediately lose money and at 100x leverage it is even easier.

My suggestion. Cut your losses now. You already lost so much,,, do not lose more. Learn your lesson!