Success in futures trading after long wait.

[Mpamaegbu]

~snipped~

At the first stage when I started trading I took a trade with 300 dollars. Since then, the market is dumping, I add step by step liquidation. At point time my total balance was over $900 when adding liquidation. When the market goes up again I transfer from the dollar trading platform and add to the spot platform. Maybe that's why you can't find any similarity between my two pictures.

I don't think that's a good way to trade. Why not take the loss and exit the market by setting a Stop Loss (SL). You can get in back and make more profit after it retraces if you still believe in the direction of your trade. I used to trade in a similar fashion and would martingale my positions or sometimes hedge my positions. In most cases I still lost those positions even after days (I've actually held some into weeks) of trying to save such situations. It's a waste of time not setting a SL.

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[Rigon]

Same thing happened to me but you have to learn from previous mistakes and focus on improving your own skills. When you open any position, it is also important to use stop loss so that your account does not have to go negative as before due to unexpected market movements. Because I say from the experience of futures trading that it is easy to make profit here, but it is very difficult to hold that profit. Many times my profitable trades ended after liquidation!

So deploying effective defenses is very important in futures trading, I have learned this through many failures. Congratulations on recovering your losses.

I almost always keep myself busy while trading. But after all that I lost a lot of money from the trading platform. I have experienced liquidation several times, especially on futures trading platforms. Even then I can't keep myself away from the trading platform. However, just as it is easy to profit from futures trading platforms, it is also very difficult to retain those profits from futures trading. After making a lot of profit from the trading platform, I still can't keep the money. Sometimes when liquidation eats up, twice as much money is lost than multiple gains are made.

[ScamViruS]

Same thing happened to me but you have to learn from previous mistakes and focus on improving your own skills. When you open any position, it is also important to use stop loss so that your account does not have to go negative as before due to unexpected market movements. Because I say from the experience of futures trading that it is easy to make profit here, but it is very difficult to hold that profit. Many times my profitable trades ended after liquidation!

So deploying effective defenses is very important in futures trading, I have learned this through many failures. Congratulations on recovering your losses.

I almost always keep myself busy while trading. But after all that I lost a lot of money from the trading platform. I have experienced liquidation several times, especially on futures trading platforms. Even then I can't keep myself away from the trading platform. However, just as it is easy to profit from futures trading platforms, it is also very difficult to retain those profits from futures trading. After making a lot of profit from the trading platform, I still can't keep the money. Sometimes when liquidation eats up, twice as much money is lost than multiple gains are made.

This is the big problem. Futures trading becomes addictive, as a result of which the trader gets overconfidence if he takes profit in a few trades and therefore he starts looking for opportunities to take more trades, and those profits he loses with wrong trades.

After reading your experience, it is understood that even after one liquidation in futures trading, he cannot quit trading. And if he finds a way, he deposits the funds on the trading platform and starts trading, even forgetting past losses! I myself have lost a lot of funds this way, still unable to change that habit.

[bhooscream]

I really understand how it feels to be successful and get high profits in futures trading after receiving many defeats and losses. Of course this is very exciting and also profitable. but on the other hand, this would actually be risky if we didn't have good financial management because we might want to trade more without knowing how to control our finances. So, it would be better if we stayed under-control and weren't too happy to keep our emotions in check. us to carry out further trading activities.

[NicNacCoin]

OP thank you for not giving up and holding on tight. There are many traders who get frustrated after taking losses and cancel the trade on their own. But instead of doing that you are also holding long on the futures trading platform. As a result of which you have seen success. But you should have used stop loss profit here. Futures trading platform must use stop loss profit very important thing. And my another piece of advice is to never sit on a futures trading platform for a long time hoping for high profits. Sitting greedily and waiting for a long time is very dangerous and risky for the futures trading platform.

[Peanutswar]

In the execution of trading better to make sure you are kept aware of the news and trends because this affects the price movement better to set a stop loss and take profit so you don't need to get watch always the market price movement.

This is the internet. Do not reveal your trading or wallet balance here as it gives random people too much information about you.
You could recognize breaking even after a long wait, without oversharing.

It doesn't matter if OP have full security with the Binance and does not share the primary information for account verification you don't need to get bothered too much.

[pawanjain]

I joined the futures trading platform a few months ago. There I buy 50 SOL 6x. After I participated, a bad news hit the market. And the bad news is that FTX is bankrupt. Then there was a huge loss on my futures trading platform. I continued to liquidation there without giving up. At one point while adding liquidation my total balance became very high and liquidation also came down and loss went to high level. The bloody year 2022 ends and in 2023 the market is slowly pumping and all my losses are recovered and I see profit.

That was indeed a huge loss that you have successfully recovered but you must know that what you have done is not encouraged in trading.
You haven't put any stop loss and kept adding funds to avoid liquidation which are bad signs in trading.
Also, once you have recovered the loss you are still holding your position instead of booking the profits.
I suggest you to book the profits and revalidate your analysis and then keep new orders with stop loss and target price.

[Accounts Seller]

As Far my Experience you can recover your trade by more invest if you have enough backup money to avoid liquidity. Crypto price is not Stable so you can recover. I sharing my Fureture trade present position. but still not crazy! if I'm wrong then I want to Learn more...

[Oneandpure]

I almost always keep myself busy while trading. But after all that I lost a lot of money from the trading platform. I have experienced liquidation several times, especially on futures trading platforms. Even then I can't keep myself away from the trading platform. However, just as it is easy to profit from futures trading platforms, it is also very difficult to retain those profits from futures trading. After making a lot of profit from the trading platform, I still can't keep the money. Sometimes when liquidation eats up, twice as much money is lost than multiple gains are made.

I don't know what kinds from your mentality keep strong facing have experienced liquidation several time in future trading, actually not all people have strong mentality not only in future trading but also many trader or investor looks frustrated when facing their assets coins going drop. I was excited with your mentality in future trading and seems never give up before success earn much profit later and recovery with how much your loss.

May I know each open position in future trading between short or long position open how much your margin fund? did you entry ever position opening above $100 or you all in margin in one position only without having several coins between open short or long.

[LUCKMCFLY]

...The bloody year 2022 ends and in 2023 the market is slowly pumping and all my losses are recovered and I see profit.

It's very good that you're in profit again, but it would be better if you used a stop loss. Do not make such a mistake again, and if you intend to continue to hold your position, set a stop loss so as not to sit again for several months, in the hope that the price will return to your point of purchase.

Well to be honest yesterday I tried to trade futures but I can't deny it scared me I have no experience I think before I'm going to look for a lot of tutorials as I need to be able to study everything without needing to be wrong though there are some friends that they recommend me to operate in KUCOIN, that in Binance the success rate is not very good, especially a friend who is in Spain told me to do it in Kucoin with 4x leverage, without the need for so much technical analysis, obviously using a good Stop Loss, in that sense I still haven't decided, and I'm not ashamed to say that it scares me, in itself it is money that we are risking and I think that nobody likes to lose money.

[Eureka_07]

<snip>

Does a platform choice really matters that much? I mean, does using of Kucoin instead of Binance really made a difference?
I thought it will be the same most of the time.
Anyways, I rarely do futures trade as I am not that confident from my trading skills.

[Rigon]

<snip>

Does a platform choice really matters that much? I mean, does using of Kucoin instead of Binance really made a difference?
I thought it will be the same most of the time.
Anyways, I rarely do futures trade as I am not that confident from my trading skills.

There is no difference. If you understand trading well then you will find it easy to trade on any platform. If you have all the trading techniques and experience then you can trade from any trading platform without any problem. Especially many people do not trade on futures trading platforms very few people trade on futures trading platforms. Basically futures trading platform is very risky. Only those who are not afraid to take risks trade on futures trading platforms.

[Pandu Geddon]

Especially many people do not trade on futures trading platforms very few people trade on futures trading platforms. Basically futures trading platform is very risky. Only those who are not afraid to take risks trade on futures trading platforms.

You are right, more people who already understand the risks of futures trading, will avoid this trade after trying several times and possibly losing.
we can't blame the platform or the futures trading, but indeed everyone's skills and abilities in trading are different.
in fact, there are now more and more YouTubers posting their futures trades which is finally attracting interest from new traders. I can't say it's bad, but this market gets more interesting when more newbies enter the market.

[Coin_trader]

There is no difference. If you understand trading well then you will find it easy to trade on any platform. If you have all the trading techniques and experience then you can trade from any trading platform without any problem. Especially many people do not trade on futures trading platforms very few people trade on futures trading platforms. Basically futures trading platform is very risky. Only those who are not afraid to take risks trade on futures trading platforms.

There’s some difference which is not noticeable if you didn’t paying attention small details. Exchange have different:

• maker and takers fee when you open position
• market value price
• liquidity

Liquidity is very important to have a better chance to avoid liquidation. Some exchange has better buy or sell wall volume which often helps trader to avoid liquidation. Some exchange that has thin liquidity on order book usually have a strong price wick that typically liquidates all open position along the way.

[ScamViruS]

As Far my Experience you can recover your trade by more invest if you have enough backup money to avoid liquidity. Crypto price is not Stable so you can recover. I sharing my Fureture trade present position. but still not crazy! if I'm wrong then I want to Learn more...

If the market goes against your position, it can become a thorn in your neck if you have to add funds to save this position from liquidation. Because if the market becomes more volatile and eventually your defense strategy fails then you will face a huge loss. So risk management is the most important thing in futures trading, here as you can make quick profits, you will also face huge losses due to small mistakes.

[Stedsm]

My very important advice to users who believe in trading futures, please do not hold your positions for a very long time in futures trading (in other words, don't stick to your trades) and use proper risk management as well as tight SL to keep yourself safe from unexpected losses. With that said, I'd like to explain why I'm conveying this - you'll bear with unnecessary funding fee (it can be negative mostly which will reduce your principal size every time it is deducted) and you'll also need more capital to keep your positions active and alive before getting stopped out completely if the market is going to hunt it.

[Warkop]

I really understand how it feels to be successful and get high profits in futures trading after receiving many defeats and losses. Of course this is very exciting and also profitable. but on the other hand, this would actually be risky if we didn't have good financial management because we might want to trade more without knowing how to control our finances. So, it would be better if we stayed under-control and weren't too happy to keep our emotions in check. us to carry out further trading activities.

Becoming a successful person requires a high level of sacrifice and patience, sometimes we are defeated by economic needs outside of investment or some kind of unexpected need, often experienced by most people, that's why I learned to really be able to manage it all, for the most part.  long-term trading needs to be called additional income beyond that, so it doesn't bother us when we experience financial mines, because we know playing long-term trading is full of risks and even our patience is tested with market conditions, the solution is just looking for busyness so we don't focus on the assets we have  on exchange..

[death69]

I really understand how it feels to be successful and get high profits in futures trading after receiving many defeats and losses. Of course this is very exciting and also profitable. but on the other hand, this would actually be risky if we didn't have good financial management because we might want to trade more without knowing how to control our finances. So, it would be better if we stayed under-control and weren't too happy to keep our emotions in check. us to carry out further trading activities.

Becoming a successful person requires a high level of sacrifice and patience, sometimes we are defeated by economic needs outside of investment or some kind of unexpected need, often experienced by most people, that's why I learned to really be able to manage it all, for the most part.  long-term trading needs to be called additional income beyond that, so it doesn't bother us when we experience financial mines, because we know playing long-term trading is full of risks and even our patience is tested with market conditions, the solution is just looking for busyness so we don't focus on the assets we have  on exchange..

You wanna be a big baller in the tradin game? Well, let me tell ya, it's gonna take some mad patients, discipline, and hard work. Don't go puttin all your eggs in one basket, tho. Ya gotta have multiple streams of income. Tradin should be seen as an extra source of cash, not your main bread n butter. That way, when the market gets all crazy n fluctuates like a mofo, you won't be freaking out like a chicken with it's head cut of.

Diversifying your investments is key, my dudes. And havin a solid plan to stick to will help ya avoid makin decisions based on yur emotions. Believe me, I've been there, done that, and bought the t-shirt. Emotions can mess with your head and lead to unnecesary losses. That's why we gotta be rational and not let our feelins dictate our moves.

As the wise ones say, "Plan the trade, trade the plan." That's some real talk right there, fam. So keep it simple, stay disciplined, and stick to your plan. Success in tradin is within your reach, but only if you keep your head on straight and don't let the market drive you crazy!

[armanda90]

I have bad experienced with future trading and still remember with Zilliqia coins with short position opening, last several season Zilliqia coins raise higher price and up more than 50% and I am trying with short position, I have margin fund $1,000 actually profit earn from future trading and start with losing half after Zilliqia pump drastically.

I am not quiet after losing $500 and keep trying with another short position with Zilliqia coin but I am not lucky with left my margin liquid all, start from there I have been quit from future trading and only active with spot trading right now without want back with future trading again. Nice to see OP consistent earn profit with future trading but don't forget keep withdrawing about 50% from your profit before taking back by CZ 

[tvplus006]

I have bad experienced with future trading and still remember with Zilliqia coins with short position opening, last several season Zilliqia coins raise higher price and up more than 50% and I am trying with short position, I have margin fund $1,000 actually profit earn from future trading and start with losing half after Zilliqia pump drastically.

I am not quiet after losing $500 and keep trying with another short position with Zilliqia coin but I am not lucky with left my margin liquid all, start from there I have been quit from future trading and only active with spot trading right now without want back with future trading again. Nice to see OP consistent earn profit with future trading but don't forget keep withdrawing about 50% from your profit before taking back by CZ 

It is a common mistake of a novice trader to open a short position on a coin, the price of which has greatly increased. It is very difficult to determine to what level the price will increase when the entire crypto market is growing. Of course, after each pump, a correction will follow, but to open a short position, you need to wait for confirmation that the price has started its decline.