I did not know how I forgot last night to close the position of the coin I selected. I thought I have close it until today when I saw that I was losing $3 already. I still did not know what was going on until I saw the position opened which has unrealized loss of $7.45 already. If I remember correctly, I had unrealized profit of $1.5 on it before I forgot and slept off..
Has this happened to you before as a trader? I opened multiple positions but at different times yesterday which I think would have been the cause of it.
This has happened multiple times, in fact if you’re some that trades with different exchanges you’re bent to experience this type of thing. The easiest way one usually get into this is when you set limit order and you got busy outside the exchange or even sleep there’s a chance that the order will trigger and without notice you will be in the trade and could go a wrong way. Sometimes I intentionally Leave my order before going to sleep and the next morning I usually forget it except I check the exchange. That’s why I sometimes love if my order is picked i should get a notification but the exchanges I use do not send them.
One key thing that has helped a lot or saved me from liquidation even if I leave my trades open is the stop loss, people who do trade without stop loss are people I fear for if they get their trade running without their notice.
Here you are saying your story with profit, loss about $2, I am confusing honestly. How did you trade with order size smaller than $5?
Or if it includes your capital that is probably not too big with unrealized profit/ loss too small like you said. Assume you have $100 trading capital, and unrealized profit at $2, will you actually get profit after closing your position, I guess not; but it's good if you can close all positions before sleeping.
Yes there are different exchanges with different policies. I don’t know for binance because I am not so conversant with his future trading but on Bybit the unrealized profits that is showing is the amount you’re profiting on that trade with the charges excluded, if you the charges was like $3 and the unrealized profits is $2 it wouldn’t be showing that but rather a loss of $1. So the unrealized profits for some exchanges are usually values after charges