/biz/ - Business & Finance

[Anonymous No.12252480]

how fucked am I?

[Anonymous No.12252498]

>>12252480
>no stop loss

[Anonymous No.12252507]

>>12252498
at which number would you have put the stop loss at?

[Anonymous No.12252557]

>>12252507
3-5% deviation could invalidate an up trend or a down trend from entry.

[Anonymous No.12252559]

>>12252480
>Market buy
>longing in a bear market
Don't tell me that is your entire stack...

I would recommend you to sell now and learn real technical analysis skills before you dabble in futures trading the most volitile asset on earth on the website with the highest possible leverage possible on said asset.

Literally just giving money to arthur.

[Anonymous No.12252568]

>>12252507
I usually put my stop 3% away from entry but I only trade BTC

[Anonymous No.12252577]

>>12252559
the dump was manipulated by satoshi

[Anonymous No.12252578]

>>12252480
0.5% for stop loss
learn to time the market

also I just lost 25% (margin) on eos trade because I didnt set stop loss and had very emotional trade

I fucking never trade without stop loss but I was so sure this would turn around

allways set stop loss after entering
NEVER MOVE STOP LOSS
dont let your emotions make decisions for you

[Anonymous No.12252584]

>>12252480
also, just fucking close that position allready

[Anonymous No.12252587]

>>12252559
>you're right about it being risky, but I actually longed around $90 so a long in a bear market is not necessarily stupid. also I try not to market buy, I usually set a limit.

this is about 25% of my crypto stack. I need to get some disclipine for sure to manage the risk better.

[Anonymous No.12252596]

>>12252584
thanks for your advice, appreciate it

[Anonymous No.12252597]

>>12252587
You need to just quit and do research. Don't be like me gambling away the stack you made in 2017. I used to frequent 25x leverage now I use cross and it will probably take 1-2 years before I make the money back if I'm succesfull.

[Anonymous No.12252601]

>>12252568
thanks for your help.

[Anonymous No.12252615]

>>12252597
I usually trade a bit then stop for a few weeks, then go again. This time it has been quite profitable but I was lucky to long the bottom. Right now I am also taking more risk because I have more profit. I am a brainlet I know. I honestly don't get how some people can be so disciplined to only risk 5 to 10% of their stack on a trade. I would completely regret it if it started pumping and I was longing only 5%.

[Anonymous No.12252642]

>>12252480
>>longing in a bear market

>>longing after a 85% increase

you're going the wrong way, sweet summer child

[Anonymous No.12252697]

>>12252615
You have a get-rich-quick mentality, it's absolutely and utterly destructive combined margin and I advise you to stop and look at long term performance before you an hero yourself

[Anonymous No.12252728]

>>12252615
The reward system in our brains is wired the wrong way to be effective at trading these kinds of markets.
Only a few people learn the hard way and become successfull, almost everybody else loses their stack one trade gone bad sooner or later, and then quits.
Read up on the Kelly criterion and try to ignore FOMO feelings, they are deceiving.

[Anonymous No.12252732]

Stop giving that nigger your BTC. At least you should have used markerdao.

[Anonymous No.12252747]

A good rule for learning bitmex in a meaningful, profitable and fairly safe way is to spend a week trading on the 2x leverage and then if your profitable that week move to 3x leverage then 4,5,6... you get the point.

This way as you get better at trading and more consistant you earn more and more due to higher leverages.

Much better then going from 3x leverage straight to 50x and getting liquidated.

[Anonymous No.12252837]

>>12252728
You're right but you can be a succesful trader by following your strategy religiously and good money management. It's not like that if you're unable to do all the inner work you're doomed to fail. But yeah it does make things better.