bad week mojo lost

[Beparanf]

I have been trading in Binance futures the last month or so and it was going really well
I was using my own judgement, analyzing TA etc, following people on the leader board and following signals
All was going great and was dreaming of buying an apartment which on my current directory would be in about 1-2 months

However it all went down the toilet. One free telegram group I am in, which does have good signals, sent me a signal for a long on Wednesday evening I put on the trade and it hit target one, however kept it open with a TP at target 2. I was crossed at 20X which was the leverage I had been using for the last two weeks.
Well it all went to hell. We had the major dump and I lost it all.
I know I should have quit the trade before and put my money in a short but I had done a couple of other such trades and the market had fallen only to go back up. I just hit my liquidation point and the coin did recover up to the TP target.

Now I want to dust myself up and start again, learn from my mistake but I have lost my mojo with it all. Up til Wednesday I was on a winning streak and everything was going well but I dont trust myself now.
I put on a trade and if it falls by 20% (leveraged) I close the trade only for it to go back up.
I am looking for strategies or tools to try and figure out a better game plan with futures, I can see huge potential just need to get focused and try again   

Strategy? Don’t ever use high leverage because your trading is very risky and purely a gambling. Second, Always use stop loss especially on your leverage trading and lastly, Never trust public telegram channel that giving away signal, They are just using your money just to pump the coin they enter earlier then dump at once once they reach there target profit. Waiting for all TP to hit is insane considering your leverage.

Be patient always in trading, 

[1715450322]

1715450322

[davis196]

If you have never lost money then you are not a real trader.Welcome to the real traders club.
Now put your regrets aside and get back to work.Maybe you should stop using leverage and maybe you shouldn't trust Telegram signals groups that much.
I know the feeling when you are on a streak and everything works in your favor.This is just a phase and it ends eventually.Great traders are the ones,who recover from a great loss and get back on the right path.

[slaman29]

Now I want to dust myself up and start again, learn from my mistake but I have lost my mojo with it all. Up til Wednesday I was on a winning streak and everything was going well but I dont trust myself now.
I put on a trade and if it falls by 20% (leveraged) I close the trade only for it to go back up.
I am looking for strategies or tools to try and figure out a better game plan with futures, I can see huge potential just need to get focused and try again   

I'd be a lot more careful in the future if you're going to trade more and count yourself as functional only when you have "mojo". Trading is supposed to be boring and dry and dull my friend. If you need mojo to trade, then you're treating it more like gambling.

Take a break. And then go in again when you're ready. With money you're HAPPY to lose.

[michellee]

sent me a signal for a long on Wednesday evening I put on the trade and it hit target one, however kept it open with a TP at target 2. I was crossed at 20X which was the leverage I had been using for the last two weeks.

That is your mistake. I guess you do not have your target price to close the trading and you want to make a bigger profit. It is hard to wait for the price to reach your target 2 because that will depend on the price moves. My suggestion is to set your target price to close the trading and whenever you see it reach your target price, close it right away because we do not know if the price can still increase or not.

It is a good lesson for you as you do not need to become greedy for more profit because everything will not always happen as you want. Next time, you should know when you need to close the trading and take profit. Just remember, you can make a bigger profit someday.

[darewaller]

If you have never lost money then you are not a real trader.Welcome to the real traders club.
Now put your regrets aside and get back to work.Maybe you should stop using leverage and maybe you shouldn't trust Telegram signals groups that much.
I know the feeling when you are on a streak and everything works in your favor.This is just a phase and it ends eventually.Great traders are the ones,who recover from a great loss and get back on the right path.

That's right. If you are a trader you will make a loss, every trader makes a loss, it's never a true deal until you make one. Of course if you keep making a loss and keep losing money that means you are not a good trader, most of the time it's something that people do make profit and a loss and in the end they are at a profit when all said and done.

For example, you start with 1000 dollars, go to 1500 dollars and drop to 1200 dollars, that's still 200 dollar profit. If you are like that and if you losses like that do not care about it and keep regretting it. Learn from your mistakes and do not make the same mistakes all over again constantly, that would be a lot more helpful. I personally made a lot of mistakes in the past, I try to not dwell on it and try to learn from my mistakes and get better in the end, that's a lot better way of becoming a true trader.

[taufik123]

-snip- If you are a trader you will make a loss, every trader makes a loss, it's never a true deal until you make one. Of course if you keep making a loss and keep losing money that means you are not a good trader, most of the time it's something that people do make profit and a loss and in the end they are at a profit when all said and done.

Continue to experience losses and spend capital needs to be questioned, whether you have mastered trading techniques or not. If you don't buy at a cheap price and hold it, it will be better, rather than having to force to trade and always lose.

-snip- Learn from your mistakes and do not make the same mistakes all over again constantly, that would be a lot more helpful. I personally made a lot of mistakes in the past, I try to not dwell on it and try to learn from my mistakes and get better in the end, that's a lot better way of becoming a true trader.

Trying to learn from past mistakes is a very good lesson so that trading skills can continue to develop. Avoiding the same mistakes must of course be made. When you are familiar with and master the technical and fundamental trading, trading will be fun and profits will continue to be obtained. luck is only a few percent, what determines how much you can read the direction of the market.

[Sterbens]

Now I want to dust myself up and start again, learn from my mistake but I have lost my mojo with it all. Up til Wednesday I was on a winning streak and everything was going well but I dont trust myself now.
I put on a trade and if it falls by 20% (leveraged) I close the trade only for it to go back up.
I am looking for strategies or tools to try and figure out a better game plan with futures, I can see huge potential just need to get focused and try again   

from the start you trade means that without realizing it you are already wasted with all the risks. that's what crypto trading is all about. learning from mistakes has made you better in the future. because basically someone has to experience the first loss, so realizing how difficult it is to control ambition when big profits are in front of the eye just let pass.

believe, and correct every mistake in managing your trades, do it carefully and still use the strategy if you really understand it as a whole. if you feel that the strategy is not understood well, it's better to learn it until you can simplify everything, don't be in a hurry to apply it.

[justdimin]

If you have never lost money then you are not a real trader.Welcome to the real traders club.
Now put your regrets aside and get back to work.Maybe you should stop using leverage and maybe you shouldn't trust Telegram signals groups that much.
I know the feeling when you are on a streak and everything works in your favor.This is just a phase and it ends eventually.Great traders are the ones,who recover from a great loss and get back on the right path.

I agree with almost every word you said.

Losing some money is important in trading because it helps you realize that trading is not a dream, at some point you have to wake up and the earlier, the better for you because you will learn to adjust and adapt to the loss.

As for signals, I don't know why people even care about these things because I have hardly seen a consistent crypto signals provider either paid or free and yes some might give good signals but the truth is that it is more like gambling on someone's picks.

Futures and leverage trading and just too risky and it is actually not worth for someone like me who sometime has to wait for months for a coin to recover its price. I would suggest investing more into your capital but avoid taking leverage.

[forestx]

OK haven't got my Mojo back but am still trading and trying
I have been watching more videos on trading and TA and trying to build a strategy. While I do understand the principles of TA putting it to work in practice is a different story
Some of this goes down to patience and waiting for an opening

I have noticed some problems and issues I have
I look for a trade and find a coin that has gone up however as soon as I invest or put on a trade long i reverses and goes down and I keep my position open in the hope it goes back up

I am aslo getting scared and closing my position too quickly at a loss before it reverses and goes up again

I need to come up with a tool or better way to see if a run up or dump is coming to and end or at the very least check for confirmation of trend.

What are the best indicators for this or signs I should watch out for. One I am noticing on candlesticks is a horse shoe forming after a run up generally indicates a dump, confirmed then by falling under the 20MA

Any other tools or tricks I should look at

[trigger1975]

I look for a trade and find a coin that has gone up however as soon as I invest or put on a trade long i reverses and goes down and I keep my position open in the hope it goes back up

I am aslo getting scared and closing my position too quickly at a loss before it reverses and goes up again

I need to come up with a tool or better way to see if a run up or dump is coming to and end or at the very least check for confirmation of trend.

Don't want to sound rude but just want to be honest to you: you are placing trades without a proper plan, system and without discipline hoping to catch the one big move which is going to bring back your losses.  Hoping instead of letting a stop loss decide isn't trading but religion.

Here is my opinion on what you should do:

1) stop trading live right now!
2) if you're thinking about trading live again: don't do it!
3) stop chasing the get-rich-quick movements!  Enter when your plan says to do so and exit when it says to do so.  No excuses!  As long as you don't know when and why to enter, you are going to catch it at the peak before it reverses and your panic will let you exit before it reverses again.
4) you don't have to trade only because the market is moving!
5) take a proper course, join a trading community, get a system, write a plan, trade your system and plan demo for at least 100 trades and journal every single trade.  Better: trade it demo until you're profitable for at least 1 month!

Here is where you can start: https://www.youtube.com/watch?v=ZbcujYcNYNo I'm live-trading Forex with Nick (Mastermind Member) since 2017 – he and his course are legit.  His approach is not limited to Forex but working very, very well in Crypto markets.  He also has a Crypto Course: https://cryptos4noobs.com/

Another possible course: https://tradingcryptocourse.com/.  His approach is reasonable and he also covers basics in risk management and psychology.

What are the best indicators for this or signs I should watch out for. One I am noticing on candlesticks is a horse shoe forming after a run up generally indicates a dump, confirmed then by falling under the 20MA

Any other tools or tricks I should look at

You don't need tricks!  You need the foundation first.  Especially psychology and risk/money management.

[Oilacris]

OK haven't got my Mojo back but am still trading and trying
I have been watching more videos on trading and TA and trying to build a strategy. While I do understand the principles of TA putting it to work in practice is a different story
Some of this goes down to patience and waiting for an opening

I have noticed some problems and issues I have
I look for a trade and find a coin that has gone up however as soon as I invest or put on a trade long i reverses and goes down and I keep my position open in the hope it goes back up

I am aslo getting scared and closing my position too quickly at a loss before it reverses and goes up again

I need to come up with a tool or better way to see if a run up or dump is coming to and end or at the very least check for confirmation of trend.

What are the best indicators for this or signs I should watch out for. One I am noticing on candlesticks is a horse shoe forming after a run up generally indicates a dump, confirmed then by falling under the 20MA

Any other tools or tricks I should look at

As expected where emotions is the most common enemy when you do deal with price volatility too actively, try to reverse out those things that you had done. Try to resist that panic
which causes for you to close up your position.

See  if it do give out some positive results then you should better stick with it.Its really hard to give out suggestions because this might work on us but not for you because
execution is really different on each person.We do have different views and ways on our trading.

Just  try lots of trial and error and you would eventually learn up something.

[proTECH77]

As a trader, lost is a something you are not expecting in your trade but you found it in your investment sometimes which you don't need to give up on that particular trade than to strategize in your trade. Any day you lack personal research before carry out your trade,be rest assure that you will definitely experience negative week in your investment.

[Sinjokubhi]

I have been trading in Binance futures the last month or so and it was going really well
I was using my own judgement, analyzing TA etc, following people on the leader board and following signals
All was going great and was dreaming of buying an apartment which on my current directory would be in about 1-2 months

However it all went down the toilet. One free telegram group I am in, which does have good signals, sent me a signal for a long on Wednesday evening I put on the trade and it hit target one, however kept it open with a TP at target 2. I was crossed at 20X which was the leverage I had been using for the last two weeks.
Well it all went to hell. We had the major dump and I lost it all.
I know I should have quit the trade before and put my money in a short but I had done a couple of other such trades and the market had fallen only to go back up. I just hit my liquidation point and the coin did recover up to the TP target.

Now I want to dust myself up and start again, learn from my mistake but I have lost my mojo with it all. Up til Wednesday I was on a winning streak and everything was going well but I dont trust myself now.
I put on a trade and if it falls by 20% (leveraged) I close the trade only for it to go back up.
I am looking for strategies or tools to try and figure out a better game plan with futures, I can see huge potential just need to get focused and try again   

Yups, better learn to find your own way to trade. If you keep going with the flow, it will make you fall asleep. It is true that following the flow or news is important, but what needs to be emphasized, from the sources that you get, it is necessary to consider again, if you have your own way of trading, these sources can be considered with that. Like analyzing charts, we also need previous data and a source of what's going on. It can help you to analyze it correctly, even if it is not completely accurate, actually if you can, you can see it through the ups and downs of the chart over time or through the candlesticks. However, you also need to compare it with the market volatility that is happening at that time. Actually, everything is already available, it remains how we can take advantage of this availability.

It doesn't hurt to try again, which is wrong when we've given up trying. While there is still the intention to study it, then keep on maintaining it. Study and understand the experience you are getting at this time. Take the good and reduce the bad. In fact there is no end, for those who want to keep trying. Hopefully in the future, it can produce good results. Good work !

[maxreish]

I know the feeling of losing your own confidence after losing many streaks and huge deficit. The thing here is, giving up is not the solution. Also, chasing your losses isnt a good idea, too. You chase youe negative but you can chase it slowly. Meaning, you go back to your own self where your confidence was built and your strategy of winning will also return.

Find a way to inspire you, remember that you're not alone that experiencing such huge loss and everything but keeping up and continuing is a good way to become successful and to recover it all.

[Golftech]

As a trader, lost is a something you are not expecting in your trade but you found it in your investment sometimes which you don't need to give up on that particular trade than to strategize in your trade. Any day you lack personal research before carry out your trade,be rest assure that you will definitely experience negative week in your investment.

It's unavoidable as the market is volatile, even you think thing will happened according to how you

plan everythingm there's still possibilities that it will turned against you. You just need to focus and

stay positive, that along the way you'll see growth from your investment. Just continue to enhance

your knowledge and never to lose hope.

[Mauser]

Now I want to dust myself up and start again, learn from my mistake but I have lost my mojo with it all. Up til Wednesday I was on a winning streak and everything was going well but I dont trust myself now.
I put on a trade and if it falls by 20% (leveraged) I close the trade only for it to go back up.
I am looking for strategies or tools to try and figure out a better game plan with futures, I can see huge potential just need to get focused and try again   

Better not to force it if you have lost your Mojo. Losing is part of the trading game, we need to prepare ourselfs for it, we can't be always right. But if you are not convinced of your trades right now then just take a break. There is no need to over trade, there will be new opportunities every week. Taking a break for a week or two can be very helpful, it will help to refresh our mind and we can be fully focused again. Having the right mindset and mojo is very important, we need to be optimistic.

[Traderbtcc]

Sorry about that man, i believe every traders have had these days when they experienced huge losses because the market decided to go the other way round , but its good that you are ready to accept the losses and dust yourself up and try again this time with experience unlike before, I don't think you should rely on this mojo thing, rather go back learn more and try again, don't rely on mojo for success change that mind set and you will be good to go.

[bitgolden]

Better not to force it if you have lost your Mojo. Losing is part of the trading game, we need to prepare ourselfs for it, we can't be always right. But if you are not convinced of your trades right now then just take a break. There is no need to over trade, there will be new opportunities every week. Taking a break for a week or two can be very helpful, it will help to refresh our mind and we can be fully focused again. Having the right mindset and mojo is very important, we need to be optimistic.

I would say "forcing" yourself is definitely not the way, but giving up is not the way neither, there needs to be something in between. Just this month I have lost 70%+ of my money on a very bad trade, the coin crashed big time, dropped from 8k to 1.6k levels, and I could have given up during that time.

However I feel like it is actually not doing that bad, I feel like it is going to be better in the future, I am still in profit right now thanks to my bitcoin investments and I got into that coin a lot lower so I lost from my profit, my entry point total came to about 1.5k dollars so I didn't lose much money, in fact made a bit of profit, but I could have gotten out at 4x profit even more. So now I cannot quit, but I do not want to force myself into a new trade neither, which is why I am looking into some new coins and taking my time, I am going to go in, I just do not know which one, but as soon as I know, I will invest again.