Newbie trading experience

[Hamza2424]

It is still about the regret of using high leverage in a way your money will be liquidated, but later the market will reverse and get to the price you opened the position and the price of the coin will go more in your favour if not that your trading fund has been liquidated, you are supposed to make profit.

This is just to have fun today. I hope many newbie traders can learn from this, to know how dangerous leverage can be.

It happened to me many times in the past.

Have you not experienced it before?

Bro, the scenario you have listed does not only apply to futures traders, so it not only shows how dangerous leverage is, but it shows how risky trading is. It is not always about futures, but getting liquidated is an option and fear that exists in leverage. But the kind of mistake we make here is the same in both. It has happened with me many times as well, and I am 100% sure that every trader has faced it too, because we are preparing for profit but we end up with loss.

Because we entered at the wrong time, and I have read a few replies and it makes a lot of sense that members do know the basic reasons for it.

Anyway bro, we should not go against the reverse movement of the market, it won't help us all the time though because that's the only solution that looks reliable, but it is not for the long term.

[JeffBrad12]

It is still about the regret of using high leverage in a way your money will be liquidated, but later the market will reverse and get to the price you opened the position and the price of the coin will go more in your favour if not that your trading fund has been liquidated, you are supposed to make profit.

Sideways is the most ignored risk there is, the point of why future trading with leverage is considered dangerous beyond 1.5x leverage is because you can get liquidated if the price only touched the liquidation price mark for a brief seconds.
Do 25-200x leverage and you are just feeding the lenders and market with your money.
Price going down only for it to get back up is called a squeeze, happened more often than you'd expect on the lower time frame candle.

[Aylanan]

Man, I’ve been there more times than I’d like to admit, especially back when I first discovered 50x leverage and thought I was a genius. There’s honestly nothing more frustrating than watching your position get wiped out on a tiny wick, only to see the price rocket exactly where you predicted ten minutes later. It’s a brutal way to learn that being "right" doesn't matter if your stop-loss or liquidation price is too tight to breathe. These days I rarely touch anything over 3x or 5x because sleeping through the night is worth way more to me than chasing those high-leverage gambles that usually just end in a "liquidation" email.

[vs2014]

I am still a novice trader and I can tell you that our trading journey has been very difficult. There were times when you were so depressed that you couldn't sleep for days. We can only talk about losses but more from experience who has already lost thousands of dollars. Despite chart analysis and technical analysis I have lost a lot of money on emotional trading. It is impossible for a human being to monitor more than 3-4 stocks at a time. I had at least 20 stocks that I wanted to day trade. As you can see my initial journey was not easy and I had to lose a lot.

[VashaUdacha777]

Hi guys: 
1:1 (no leverage) is the safest choice for beginners and most long-term investors.
1:1000 is only for experienced traders doing short-term scalping — and even then, only with a strict stop-loss.

Why 1:1000 is usually a fast way to lose your deposit:

1. Trades can get wiped out very fast
With 1:1000 leverage, your margin is just 0.1% of the position.
A 0.1% move against you can wipe out 100% of your margin.
Meanwhile, normal daily FX volatility is around 0.5–1%,
so your account can be gone in minutes.

2. Margin calls come quickly 
Even a small pullback can trigger an automatic close.
You don’t get time to wait for a reversal — the loss is locked in.

3. No room for normal market movement
With 1:1, you can handle 10–20% fluctuations comfortably.
With 1:1000, even 10 pips can be enough to stop you out.

Basic risk rule:
Risk only 1–2% of your deposit per trade.

To follow this rule with 1:1000 leverage, you need to use very small position sizes
(for example, 0.01 lot on a $1000 account).

 In that case, your effective leverage drops to around 1:3,
which is much safer and more realistic.

[HONDACD125]

Anyway bro, we should not go against the reverse movement of the market, it won't help us all the time though because that's the only solution that looks reliable, but it is not for the long term.

I believe that is one of the biggest reasons why most traders lose money in trading, and I'm also pretty sure that it must have happened with every trader at one point in their trading journey. It is when you open a trade, and the market starts going the other way of your trade, which means that if you are doing futures, and you have shorted Bitcoin, but the market starts going up. What happens is that you think that market will reverse at any time now, so you keep increasing your trade with the hope that the market will reverse, and if your entrance can become close, you can easily close the trade in some profit, so after every little surge, you keep adding more into the trade.

You keep doing that until you run out of funds and now you have nothing more to add into your trade, but the market doesn't stop, the trend continues, and then you can do nothing other than praying and hoping that the market might start coming down. And, since you've been adding to your position, your liquidation will also be pretty close, because when you add more funds to an already existing futures trade, if it's an isolated one, then your entrance comes closer but so does the liquidation. So, you just keep praying and watching the market, and eventually, your trade gets liquidated.

So going against the trend is never a good idea.

[Zigabel]

It is still about the regret of using high leverage in a way your money will be liquidated, but later the market will reverse and get to the price you opened the position and the price of the coin will go more in your favour if not that your trading fund has been liquidated, you are supposed to make profit.

This is just to have fun today. I hope many newbie traders can learn from this, to know how dangerous leverage can be.

It happened to me many times in the past.

Have you not experienced it before?

Leverage can be a blessing and also be a problem to the trader when it is not handled properly because it pushes everything to the extreme, be it profit or loss, you get them both at the two extremes, if you want to take advantage of leveraging, then make sure to have your risk management at the best, do not compromise it at any point for any reason as that is going to be your advantage to cushion the extreme effect of volatility when it comes and wants to push leverage at your disadvantage.

leverages comes at different ratios, always make sure to not over leverage as it is always never the best whenever it goes against you but when it is in your favour you could be make a ton of profit but you are not sure such is going to happen always so always make sure to be on the safe side and protect your capital at all times and cost because that is the only advantage with which you will last long in the market.

As a beginner i will even advise you don't start with leveraging and that is because you may over leverage as it will all appear so promising than it actually is in the real sense of it. Leveraging some times bee deceitful and that is because for beginners they may not know that they are working on false capacity and should be mindful because they could be taken out in a few seconds, so untill you have been able to build some level of capacity with your funds and knowledge its best to not use leverage.

[M47AK16]

Personally, I don’t like the futures market. Because, well, using leverage, even though it seems to offer the hope of making a profit quickly, also carries the risk of incurring significant losses in a short amount of time. I only try to enter the futures market when the timing is just right. But honestly, I’m not very skilled at trading in the futures market. My analysis in the spot market is sometimes quite accurate. But when I apply it to the futures market, things tend to go badly. Even though I sometimes use only a small amount of leverage, the tension and mental pressure in the futures market are what I struggle with the most.

Well, yeah, it's a double-edged sword. You can make a quick few grands from just a few hundred bucks or you can lose that money like it never existed lol. I consider futures trading just like gambling, where I only trade with what I have extra that I can afford to risk without being too worried about losing it anyway.

For sure futures trading is better than gambling because there is no house you are playing against and all you need to do is outsmart the other traders. Just be in control when you are into futures trading and should be fine.

[Somto9Light]

I am still a novice trader and I can tell you that our trading journey has been very difficult. There were times when you were so depressed that you couldn't sleep for days. We can only talk about losses but more from experience who has already lost thousands of dollars. Despite chart analysis and technical analysis I have lost a lot of money on emotional trading. It is impossible for a human being to monitor more than 3-4 stocks at a time. I had at least 20 stocks that I wanted to day trade. As you can see my initial journey was not easy and I had to lose a lot.

Its important to have your emotions controlled, because being in charge of your emotions will help you to make your journey a bit easier to pass through, you can't be successful or profitable in trading if you can't how your emotions works and just as you said it yourself, emotional trading has more problems to deal with and it will also causes more losses. Anyways, you can also help yourself with the idea of trading with the amount you can let go, and as time goes on you will be able to increase your amount, by then you must have gotten some experience on how trading operates.

[WhoYouCantKill]

I am still a novice trader and I can tell you that our trading journey has been very difficult. There were times when you were so depressed that you couldn't sleep for days. We can only talk about losses but more from experience who has already lost thousands of dollars. Despite chart analysis and technical analysis I have lost a lot of money on emotional trading. It is impossible for a human being to monitor more than 3-4 stocks at a time. I had at least 20 stocks that I wanted to day trade. As you can see my initial journey was not easy and I had to lose a lot.

I have come to realize and believe that losses are actually part of the journey, not just for the newbies but also for experienced traders too, giving that losses are inevitable and unavoidable, so the losses are not supposed to be the issue. The problem with so many newbie traders is that they forget about the aspect they can actually control and focus on the aspect that's beyond their control, and this keeps them in a loop of always giving in to their emotions, which of course leads to even more losses.

[Dr.Bitcoin_Strange]

That was exactly how I lost five trades last month, I already got my confirmation pattern and decided to take the trade, after taking the trade I got some nice move in my direction so I stayed confident that the trade will get to my TP but just while the market was pulling back, I thought it was just a correctional move, that was how it took me out before finally going to the exact price I targeted, trading is just risky, so risky.

[savetheFORUM]

I believe significant number of newbies have experienced trading with leverage, and eventually learned from it. Taking leverage is not a required step for learning to trade, as much as it can never be reliable enough to turn small amount of capital into large profits.

I mean I'm also a newbie on it. In fact I did not touch it yet for the same reason or due to lack of experience and knowledge. As a newbie, we also start on the basic. So it is spot trading is the trade that we got curious on at first. Even on this one, there is still no guarantees on it but if we simply want to try and see if we can turn a tiny amount into a massive one, then for sure leverage trade can win on here versus the spot one.

However, experience is the best teacher in trading. Focus on learning risk-management and strategy first before going on high-risk leveraging. Leverage amplifies both gains and losses, prioritize spot trading instead.

Best teacher can be a literal teacher or mentor. Sometimes it can be our selves too. Before experience, we can learn on the lessons that our source gave to us. Risk management on the other hand, can in fact come automatically or naturally. There is no need to complicate our selves on this one. High-risk leverage is the real gambling, so strategy must be useless on it too, since all will still depend on luck.

[Z_MBFM]

It is still about the regret of using high leverage in a way your money will be liquidated, but later the market will reverse and get to the price you opened the position and the price of the coin will go more in your favour if not that your trading fund has been liquidated, you are supposed to make profit.

This is just to have fun today. I hope many newbie traders can learn from this, to know how dangerous leverage can be.

It happened to me many times in the past.

Have you not experienced it before?

I have a long experience in futures trading. A friend of mine taught me about futures trading. I made a lot of good profits from there in the beginning. The reason is that at that time I used to trade patiently. But when I saw that a good amount of profit can be generated from here with a small amount of money and with high leverage, I planned to make a big profit in a short time with high leverage by using a larger amount and I lost a lot of money there. I have a memorable incident. I made $2200 to $6000 by trading a newly listed coin on the spot. Later on the same day, I got greedy and took all the money in futures trading and took a long entry in BNB at 10x leverage during high volatility and I liquidated my entire fund that day. Futures trading or leveraged trading is very risky so it is better for beginners not to come here. Because no one could gain good experience by coming here in a new stage.

[Popkon6]

It is still about the regret of using high leverage in a way your money will be liquidated, but later the market will reverse and get to the price you opened the position and the price of the coin will go more in your favour if not that your trading fund has been liquidated, you are supposed to make profit.

This is just to have fun today. I hope many newbie traders can learn from this, to know how dangerous leverage can be.

It happened to me many times in the past.

Have you not experienced it before?

When I was new to trading, after I made a few profits, I became more greedy. And I used more leverage, I traded futures and I lost a lot of money there. Since then, I have never lost money and have never entered trading again, trading is very risky. Those who are not well-experienced in trading are most likely to lose money, so it is not advisable to use a lot of money in trading and it is very risky for beginners.

[Ndabagi01]

This happens, and it looks to check someone’s effort they’ve putting into the whole thing. I mean, it feel like a test of your emotions to know whether you’ll feel discouraged by that and not want to trade again. These are all part of trading and as a newbie you should still see this as an emotional test because this will continue to happen in the market and you will see more of it even when you’re reading and even with a very good bias, you’ll still fall trap of this and lose money. Trading is about having the experience and knowing also how the market works and then your patience also, all this put together will make your efforts not go in vain.

[blockman]

When it is with high leverage and hoping that there can be a reversal for you to recover. I doubt it that you'll see a reversal when you'll be liquidated first.

When I was new to trading, after I made a few profits, I became more greedy. And I used more leverage, I traded futures and I lost a lot of money there. Since then, I have never lost money and have never entered trading again, trading is very risky. Those who are not well-experienced in trading are most likely to lose money, so it is not advisable to use a lot of money in trading and it is very risky for beginners.

That's because the confidence was built already for most of the newbies. We've been in that situation that we're overconfident because we haven't tasted how this market is so highly volatile and even more with leverage trading. Everyone agrees that it's very risky to all beginners and even the experienced traders.

[MarjorieZimmermanGinger]

It is still about the regret of using high leverage in a way your money will be liquidated, but later the market will reverse and get to the price you opened the position and the price of the coin will go more in your favour if not that your trading fund has been liquidated, you are supposed to make profit.

This is just to have fun today. I hope many newbie traders can learn from this, to know how dangerous leverage can be.

If beginners focus on chasing large profits by applying higher leverage, it will be difficult for them to persist in trading because they will ultimately experience liquidation in uncertain and unpredictable market conditions. There's no such thing as having fun in trading because most people hope to have better abilities and skills so they can engage in trading correctly and generate consistent profits, even if the amounts are small.

Traders must learn to persist in trading, not just focus on big profits. Without proper knowledge, trading involving high leverage can actually result in greater losses. Many traders are unable to persist in trading because they are too focused on chasing large profits, resulting in direct involvement in trading that often results in losses.

[Oshosondy]

When it is with high leverage and hoping that there can be a reversal for you to recover. I doubt it that you'll see a reversal when you'll be liquidated first.

You get it, this is the main problem of the traders. Getting liquidated and later the market may be reversed. But there are times there would be a reversal, thinking the market direction may change, but because of greed, you still left the position by not closing it after making enough profit from other positions opened, the market latter further going in the opposite direction again which is the chase of the money loss or even liquidation if you use high leverage. High leverage is the bad thing that traders need to stay away from, it is very bad.