What next for me after my BTC liquidation

[Olamidetechie]

BTC has been showing a lot of LONG traders liquidation, and I got caught up in it too. Although the loss wasn't massive, it stung because I traded based on the news that the market would look good. It wasn't until it turned against me that I realized otherwise.

But all the same, there is always something to fall back into, as I am still in the trading challenge, and I know that whether my trade looks good or bad, I will surely have a good chance to share good rewards, like 50k BGB, for participating in the Trading Club Championship Phase 2. This is my own way now; I hope you also find your own strategy to recover from a losing trade. Also, do you think the market will be good this week?

[asriloni]

BTC has been showing a lot of LONG traders liquidation, and I got caught up in it too. Although the loss wasn't massive, it stung because I traded based on the news that the market would look good. It wasn't until it turned against me that I realized otherwise.

But all the same, there is always something to fall back into, as I am still in the trading challenge, and I know that whether my trade looks good or bad, I will surely have a good chance to share good rewards, like 50k BGB, for participating in the Trading Club Championship Phase 2. This is my own way now; I hope you also find your own strategy to recover from a losing trade. Also, do you think the market will be good this week?

Expecting some massive sell to happen at least until the mid of this month. I saw Trump sent two nuclear sbmarines to the nearly of russia after the provocation being made by a former of Russian president. Always better to prepare your stop lose to avoid the liquidation.

Your reward from BGB trading competition may not able to cover your lose if you keep getting liquidated. I don't think market will be good anytime soon. If you're doing perp, never forget your SL.  

[coyhasmon]

This is my own way now; I hope you also find your own strategy to recover from a losing trade. Also, do you think the market will be good this week?

The strategy is to learn your lesson and stop using leverage. Leverage is not a tool that is supposed to be used just by anybody even if they made it available to a mass amount of people. You have no control over the market and because of that leverage is as risky as playing at the casino.

[Stable090]

But all the same, there is always something to fall back into, as I am still in the trading challenge, and I know that whether my trade looks good or bad, I will surely have a good chance to share good rewards, like 50k BGB, for participating in the Trading Club Championship Phase 2. This is my own way now; I hope you also find your own strategy to recover from a losing trade. Also, do you think the market will be good this week?

Future trading is just kind of risky, and to be honest I don’t really recommend people to involve themselves in future trading, when you trading futures, the chances that you are going to lose your money is just kind of high, so if you can avoid future trading, then just make sure you avoid it, and if you really want to involve yourself in future trading, then it’s just better you trade with caution, always make use of  little amount of money.

If you are in spot trading, now that the market Wetin against you, if you are in spot trading you will just be losing some money, and if you can hold for some time, then it’s going to bounce back, and even if you don’t want to wait until it bounces back, you won’t be losing everything the way you going to get liquidated when you trade futures.

If I trade and I lose, I will just take my time to do my analysis again before entering the market again, I don’t think their is any other way to win back my loss than doing that. If you try to invest in all those new coins entering the market, then you might just end up losing more money.

[justinlamode]

I'm not into short term trading of Bitcoin but if you ask me, the drop in price of Bitcoin is a good opportunity to buy if you can hold for two to three months from today. You should not expect much upward movement next week instead think few months from now, that is when I expect Bitcoin to reach the peak of this market cycle.

[nelson4lov]

Historically, August has been a bad month. Iirc, on 2nd August, 2024, we have one of the worst liquidation cascades thanks to the japanese carry trade. If you remember, that's when Bitcoin went to $48K last year before the grind to ATH 2 months later. Unless you're building a long term position, I don't recommend buying the top here.

Goodluck on your trading championship and it sounds like something that might be of interest to me so do well to share some more details.

[passwordnow]

BTC has been showing a lot of LONG traders liquidation, and I got caught up in it too. Although the loss wasn't massive, it stung because I traded based on the news that the market would look good. It wasn't until it turned against me that I realized otherwise.

But all the same, there is always something to fall back into, as I am still in the trading challenge, and I know that whether my trade looks good or bad, I will surely have a good chance to share good rewards, like 50k BGB, for participating in the Trading Club Championship Phase 2. This is my own way now; I hope you also find your own strategy to recover from a losing trade.

Good luck in winning that prize. I'm not entering to any trading challenge, it's too complicated to me and aside from losing to other traders, it's just going to liquidate my money. But if it's about recovery from losing trades, it's very simple for me. Stop trading when you've lost already and recovery through other source is just fine. You don't have to force yourself out from recovering that money with the same option which is trading. You'll never know how much damage it can give you when you just came from losses and have this mindset of recovering more because it's going to lose you more by the time that you've decided to do it.

Also, do you think the market will be good this week?

Let's hope so, bitcoin under $114k isn't that bad. It will bounce back.

[Ndabagi01]

BTC has been showing a lot of LONG traders liquidation, and I got caught up in it too. Although the loss wasn't massive, it stung because I traded based on the news that the market would look good. It wasn't until it turned against me that I realized otherwise.

Don’t get too carried away by little details in the market when there are no good backing up to rate the news genuinely. Nothing is certain in the market and with the fact that you traded with what you can afford to lose made it less conservative of yourself after the loss.

But all the same, there is always something to fall back into, as I am still in the trading challenge, and I know that whether my trade looks good or bad, I will surely have a good chance to share good rewards, like 50k BGB, for participating in the Trading Club Championship Phase 2. This is my own way now; I hope you also find your own strategy to recover from a losing trade. Also, do you think the market will be good this week?

Do you get rewarded just by participating and not by winning in the trading competition? This is great though. But if at all you’ll have to win in the trading competitions before you’ll get rewarded, don’t have it in mind that you would trade to win big to recover from your loss. That’s a very bad practice as a trader, and won’t give you good results overtime.

[DeathAngel]

Trading with leverage always carries risks, you are at the mercy of a large network of people who trade based on news. Panic sellers dump on news & it spirals into cascading liquidations. If you don’t use a stop lose you can be in big trouble. You said it wasn’t that bad of a fiat loss so try & be comforted by that, it could have been a lot worse.

[MAAManda]

Your trust says it all here, I think if I see something similar in some of your future topics, I'll put you on my ignore list. I'll only make respond to points that I consider important .

Also, do you think the market will be good this week?

The market condition is completely controlled by the level of investor confidence & upcoming news. But if I had to be my own judge, I think market conditions will be better. That's because we've already seen some corrections, so what should follow is a recovery on the charts.

[Sim_card]

Future trading is very risky, and nobody can predict the price movement of bitcoin correctly. If the market pumps, some traders will be liquidated, if the market dips traders will still be liquidated. Don't use high leverage and only trade with the amount of money that you can afford to lose. I don't trade, because I see it as gambling. I hope that you don't have the mindset of chasing your losses, because traders will always lose in the long run.

[Akbarkoe]

BTC has been showing a lot of LONG traders liquidation, and I got caught up in it too. Although the loss wasn't massive, it stung because I traded based on the news that the market would look good. It wasn't until it turned against me that I realized otherwise.

But all the same, there is always something to fall back into, as I am still in the trading challenge, and I know that whether my trade looks good or bad, I will surely have a good chance to share good rewards, like 50k BGB, for participating in the Trading Club Championship Phase 2. This is my own way now; I hope you also find your own strategy to recover from a losing trade. Also, do you think the market will be good this week?

If your trading losses are within a reasonable range or within your risk management calculations, I don't think that's a problem, right? After all, losses are perfectly normal.

The market is very difficult to predict, and you should note that Bitcoin's multiple failures to break through resistance should be a warning. Furthermore, a few days ago, Galaxy Digital deposited a substantial amount of BTC onto the exchange. Have you considered this?

This will only be a correction for a few weeks; it will recover.

[JeffBrad12]

Thats why you never trade on leverage if you don't want to worry about liquidation. Quite frankly the market always trying to hit that liquidation point because thats where the market can start moving the opposite direction.

As for the backup plan after getting liquidated, I usually just reopen the trade when I see the right opportunity. In future trading recovering is piece of cake if you are brave enough. Only need a flash pump and you're already getting profit and capital recovery.

[Olamidetechie]

Historically, August has been a bad month. Iirc, on 2nd August, 2024, we have one of the worst liquidation cascades thanks to the japanese carry trade. If you remember, that's when Bitcoin went to $48K last year before the grind to ATH 2 months later. Unless you're building a long term position, I don't recommend buying the top here.

Goodluck on your trading championship and it sounds like something that might be of interest to me so do well to share some more details.

Thanks for the head up, i once participated in the first phase on Bitget and it actually brought me good luck reward, so sharing it just for people to check it out and also DYOR if necessary because there are always to side of trading winnnig or losing, but this seems to be either of the two, you get to share a huge reward for participating not even winning.

[jaberwock]

Future trading is very risky, and nobody can predict the price movement of bitcoin correctly. If the market pumps, some traders will be liquidated, if the market dips traders will still be liquidated. Don't use high leverage and only trade with the amount of money that you can afford to lose. I don't trade, because I see it as gambling.

The bolded part explains it all on why futures trading is very risky. Price being at the middle is the only one that is not mentioned there but I think even if it occurs, it is still possible for someone to lose. This is where they say that it was like a gambling and the only way to win is by choosing the correct side. And just like in gambling, leverage can act as the multiplier. The higher the leverage, the harder it is to predict but the greater the return will be once predicted.

I don't trade, because I see it as gambling

But, do you only play gambling? If yes then that was funny, lol.

I hope that you don't have the mindset of chasing your losses, because traders will always lose in the long run.

This sounds similar to gambling as well like 'the house always wins in the long run'. But, this applies not only in futures trading but also in general.