Lost 17500$ during recent downswing, Now completely broke.

[dunfida]

Though I lost so many times earlier but this one is bit tough. I was bearish on bitcoin when it was around 30000$ but it went up and up and touches 40000$. I lost around 1000$ and I was ok but I do not know what happens to me suddenly in the heat of the moment I decided to go all in with 100x leverage, with no technical analysis nothing, as I was sure about bitcoin reaching 50000$.
And that is it all my bankroll which I build from 350$ vanished my hard work of 6 month gone.
Now I am broke. But I know I will build my bank roll again over the course of few months but oh man this is tough.
I hate this feeling. Guys no matter what don't be impulsive in trading.

One of the most common mistake of a particular person when dealing up with trading on where they indeed become impulsive or become much confident
when they are earning profits and when that thing happens they do forget out on following those risk management and tending to go all in because
they had profit out on initial tries or position and when things happen and we know that nothing is guaranteed when it comes to price movement
then you'll surely be fucked up and wont able to recover when having that all-in kind of behavior.

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[2double0]

Op, I think you lost the opportunity you had this time to remake your profits you did before, which might have recovered your loss or part of that. Better stay out of markets for a week at least because I expect too much volatility because the news from institutions are doing nothing but breaking the balls of crypto and in this time of sorrow, we must stand united and keep our funds safu for more buy opportunities that will be available soon.

[Hamphser]

Learn a lesson on the mistake that you had commited.This proves out that when you do make yourself get greedy then you will basically be experiencing this kind of mistake.

Take some break and try to realize those things and when you are already prepared again then it isnt bad to go back to the start just like on what you had did before.

Set things according to plan and dont be greedy and make yourself consistent and sustainable which this is the primary goal or target.

[Ridwan Fauzi]

Trading future is not suitable for someone who doesn't know about technical analyst. If you don't know about technical analyst then yeah you just commit suicide trading in that place. There is a leverage feature that make many people lose their money, even you can lose your money in a few time if you use high leverage like you 100x, I do not understand that you choose that much leverage.

I guess it will be different if you choose spot trading where there is one direction to make an entry price and I guess it will save you for this market sentiment. Many people still see that bitcoin price movement is still in the bullish market although we have seen a huge dump that has happened. But technically buying bitcoin right now is good then we just only see a bitcoin price movement.

[nrvasquez]

We can see that the experience is indeed very expensive, but here I see that progressing without preparation is very bad and risky, and chasing losses is something that should not be done in the future. good for you because you have found a good patern in the future bro, I hope you can be successful in the future

[Obito]

We can see that the experience is indeed very expensive, but here I see that progressing without preparation is very bad and risky, and chasing losses is something that should not be done in the future. good for you because you have found a good patern in the future bro, I hope you can be successful in the future

I didn't think that he was chasing losses, he just chose to not stick to what he first believed in when the prices has gone up to 40k USD and leveraged, OP didn't consider that there might be a correction at that time. Hopefull this person can recover his losses and it has been 4 moths now since this OP and I think that OP might've recovered already even a little bit.

[awik p]

even though your guess is correct when you believe bitcoin penetrated $ 50000, but you are not balanced with a strong basis, which without analysis, I doubt that such traders will find it difficult to survive in the long term. it is proven by you still don't have a good psychological well. therefore we learn together in order to survive in the market

[Ararbermas]

why you let this happen? Probably you're not aware on such situations when it comes tradig with crypto currency.. And for sure you didn't even monitor it because seems you're basing on long term..  It's a big mistake mate in my personal opinion, especially right now wherein there's a lot of issue just to create a masive correction in the market.  Now see what's the results it's always too good to be true to be honest.

[Yatsan]

Better be doing technical analysis and not just pure decision driven by emotions making you to just go with your guts and instincts specially when you are about to trade for a big amount of money on hand. May this serve you as a big lesson as big as what you have loss because if not, you will just be repeating the same mistakes and will probably cost you a lot in the end. Make sure to always keep in your mind that doing trading must be put into moderation and not just deciding based on what you feel about the situation. Remember that with such way you are vulnerable to be taking loss rather than profit. Be wise enough on making decisions.

[carlfebz2]

even though your guess is correct when you believe bitcoin penetrated $ 50000, but you are not balanced with a strong basis, which without analysis, I doubt that such traders will find it difficult to survive in the long term. it is proven by you still don't have a good psychological well. therefore we learn together in order to survive in the market

Due to unpredictability of this market then its really hard to tell to someone on what they should do because even with our own analysis we cant even tell that it would really be precise or would happen.

What if it did really paid off or the guess he made was right? Of course each decision would really be accompanied with some analysis and considerations before making any step.

Its a little bit mixed with gamble though which is the reality but with these kind of mistakes in related with emotional and psychological then it should really be resolved out by oneself.

[DarkDays]

Though I lost so many times earlier but this one is bit tough. I was bearish on bitcoin when it was around 30000$ but it went up and up and touches 40000$. I lost around 1000$ and I was ok but I do not know what happens to me suddenly in the heat of the moment I decided to go all in with 100x leverage, with no technical analysis nothing, as I was sure about bitcoin reaching 50000$.
And that is it all my bankroll which I build from 350$ vanished my hard work of 6 month gone.
Now I am broke. But I know I will build my bank roll again over the course of few months but oh man this is tough.
I hate this feeling. Guys no matter what don't be impulsive in trading.

Thanks for sharing this, let your painful experience be a lesson for many.

At least you know now that gut feeling isn't always the right feeling, trust me we've been there.

All that matters now is that you don't repeat the mistake because as you say, it does take a long time to accumulate that amount of money. And, don't make it worse for yourself with the 'ifs' and 'buts' just take the really hard lesson.

[Dewi Aries]

Sorry for your loss, but maybe you learned something especially you can achieve $17500 from $350 maybe you already good in trading and only need to maintain emotion. Maybe with this you can know how to be patient and took a right moment so you not do same mistake again. Hope you can get your profit back soon.

[abel1337]

You get the lesson a bit rough. I can feel the devastation that you experience because I've been in the same spot before. The most painful loss I got is when I trade just using my guts, No Technical analysis, no research, no everything. I know that you can rebuild your bankroll again because you have been doing it for the past 6 months, just don't make the wrong decision that you made before.

I'm sure there are many stories like this today after so many liquidations happened. I just hope that your not the type of broke people that has literally zero money or the type of broke that affects you badly in real life.

[wahyu wida]

Sorry for your loss, but maybe you learned something especially you can achieve $17500 from $350 maybe you already good in trading and only need to maintain emotion. Maybe with this you can know how to be patient and took a right moment so you not do same mistake again. Hope you can get your profit back soon.

right, psychology plays the most important role in trade. although in practice it is always contrary to conscience. controlling emotions when we are floating minus or floating plus until we reach the target is not easy, and we are required to master it

[fahmimajannat]

Don't  get frustrated.
Keep going on one path.
If you thing you have lack of knowledge about trading then learn first.
Then try with small amounts.
Then if you thing you are better than you was before then start again..

[el kaka22]

Guys maybe he already recovered? Or maybe he completely quit? I mean this was a topic that started at 13th of January and we are in at the end of may right now, maybe we should let it go? He hasn't even been online for over a week so maybe he already stopped caring as well. If we are going to talk to other people on behalf of OP and giving advice people to not be like OP that's a good thing but I am seeing some of you still writing to OP and that is not really a smart thing to do, that makes no sense, it has been over 5 months since this dude lost his money, he ain't reading here even to this day.

However I do agree that this should be an example to every other person, dude says he didn't do any TA or anything and just jumped the gun and did a 100x leverage, that is literally the most wrong thing you could ever do in the crypto world without a doubt.

[judaspriest]

Though I lost so many times earlier but this one is bit tough. I was bearish on bitcoin when it was around 30000$ but it went up and up and touches 40000$. I lost around 1000$ and I was ok but I do not know what happens to me suddenly in the heat of the moment I decided to go all in with 100x leverage, with no technical analysis nothing, as I was sure about bitcoin reaching 50000$.
And that is it all my bankroll which I build from 350$ vanished my hard work of 6 month gone.
Now I am broke. But I know I will build my bank roll again over the course of few months but oh man this is tough.
I hate this feeling. Guys no matter what don't be impulsive in trading.

you are bankrupt because of your own mistake playing futures trading mate, you should stay away from futures trading, because it is high risk,
 in the bul market it is better to play in the spot market, even though experiencing correction is still very reasonable,
and you will not lose your money before selling it It's different if you use leverage, of course if you make a mistake you will lose your money for good, I am sorry for you

[harapan]

Guys maybe he already recovered? Or maybe he completely quit? I mean this was a topic that started at 13th of January and we are in at the end of may right now, maybe we should let it go? He hasn't even been online for over a week so maybe he already stopped caring as well. If we are going to talk to other people on behalf of OP and giving advice people to not be like OP that's a good thing but I am seeing some of you still writing to OP and that is not really a smart thing to do, that makes no sense, it has been over 5 months since this dude lost his money, he ain't reading here even to this day.

However I do agree that this should be an example to every other person, dude says he didn't do any TA or anything and just jumped the gun and did a 100x leverage, that is literally the most wrong thing you could ever do in the crypto world without a doubt.

Yes. Everyone is trying to console him but he was very wrong to enter a trade with doing proper analysis and due diligence. To make matters worst for him, he used a  very high leverage as well for the trade. I don't know what he was thinking playing with such high leverage. Exchanges that offer leveraged trading always mention how risky it is and try to warn customers when they try to overleverage and yet he still went ahead to do it. Risks wasn't managed here.

[BuNga_cute]

Sorry for your loss, but maybe you learned something especially you can achieve $17500 from $350 maybe you already good in trading and only need to maintain emotion. Maybe with this you can know how to be patient and took a right moment so you not do same mistake again. Hope you can get your profit back soon.

right, psychology plays the most important role in trade. although in practice it is always contrary to conscience. controlling emotions when we are floating minus or floating plus until we reach the target is not easy, and we are required to master it

As I have often said, trading is not an easy thing to do, we can make big profits and can also experience big losses too. It depends on how we control
our emotions when trading, because I agree with you that psychology is the most important part of trading. Therefore, for those who can control
their emotions well when trading, 70% of success should be obtained, maybe the rest is related to technical problems.

[$crypto$]

~

right, psychology plays the most important role in trade. although in practice it is always contrary to conscience. controlling emotions when we are floating minus or floating plus until we reach the target is not easy, and we are required to master it

As I have often said, trading is not an easy thing to do, we can make big profits and can also experience big losses too. It depends on how we control
our emotions when trading, because I agree with you that psychology is the most important part of trading. Therefore, for those who can control
their emotions well when trading, 70% of success should be obtained, maybe the rest is related to technical problems.

I never thought that trading was easy, I would apply it, including psychologists, including an important part where we have to control from dissolving emotions and also other greed, this usually happens when the target has been reached but wants to be increased higher and usually this is what a lot of trapped in. in a bow that is too high.
Analytical techniques, indicators that are also needed in trading I think this will not be easy to combine, and when losses occur we have to be able to not escape the tension.