/biz/ - Business & Finance

[Anonymous No.53505076]

I fucked up with leverage trading, how to cope?

[Anonymous No.53505182]

>>53505076
Everyone who uses leverage loses in the end. I hope you learned your lesson.

[Anonymous No.53505195]

>>53505076

Pancakes x3

[Anonymous No.53505232]

>>53505076
Even the insiders get burned. If you aren't gambling with privileged info then you have casino odds. Be aware.

[Anonymous No.53505312]

It's OK. You could have fucked up your latest good shot with a great woman like me.

[Anonymous No.53505401]

I lost 4k, /biz/. But to be honest I'm feeling numb, maybe I'm already dead inside.

[Anonymous No.53505458]

learn to use a stop loss and take your trades based on how much you're willing to lose instead of how much you could profit

[Anonymous No.53505478]

>>53505401
I lost 4k last year(realized) but it was due to LUNA crash. As for leverage stick to 2x if you're gonna use it. I wish there was a 1.5x option on exchanges but there isn't.

>>53505458
Also, this.

[Anonymous No.53505509]

If you longed at 15.5 you would have won though. How did you not long something so flipping obvious? Stop loss the trade, lose a couple hundred worst case scenario, keep trying to time. Bam! You just scored to 24.8. Should have done the same thing here, smaller short, skinny stop loss, lose a little. STOP LOSS. STOP LOSS. STOP LOSS. STOP LOSS. IS IT THROUGH YOUR HEAD YET? STOP LOSS.

[Anonymous No.53505590]

>>53505076
Were you short or long?

[Anonymous No.53505593]

>>53505509
Also if you want to use 50x or 100x leverage you need to wait for specific moments. Don’t just long or short because you feel like doing it that day, the market works on emotional bursts of energy and you can plan fast shorts and longs accordingly. For instance, 100x leverage was completely possible when FTX crashed around 6-9pm EST, you could have made incredible returns setting up a simple notification system and three clicks away from your leverage orders. But you didn’t, because you feel like technical analysis will serve you better than predicting market sentiment. Whales create huge manipulation already, you need to look at volume more often, not charts. Back to FTX crash, that was almost a guaranteed time to leverage, you just needed to stay up for twelve hours before going to bed, closing the short afterwards. It really was that simple. DO NOT FIGHT AGAINST WHALES - TIME THE WHALE ACTION COUPLED WITH RETAIL SENTIMENT INSTEAD. Check longs and shorts from other users. It really IS this simple.

[Anonymous No.53505618]

>>53505458
>>53505478
>>53505509
>>53505593
Thank you, anons.

>>53505590
Short. And I was right, but I panic closed my position. Kek.

[Anonymous No.53505628]

>>53505618
But I was overleverage probably (20x)

[Anonymous No.53505656]

>>53505628
That’s really not that terrible, just set reasonable stop loss and panic won’t matter as much because it really does help to keep a clear head. Did you get hurt too bad to continue?

[Anonymous No.53505664]

Go in with even more leverage to make up for the losses

[Anonymous No.53505700]

>>53505076
U get margin called or what stupid?

[Anonymous No.53505733]

>>53505628
Don't listen to the fag telling you to use a stop loss on 20x just use low leverage instead

[Anonymous No.53505754]

>>53505656
I'll continue. I'm usually right when I paint the chart mentally, but I'm a coward. And I'm so frustraded by past obvious opportunities, like matic partnering with meta and the ftx collapse. I knew how things would unfold and I did nothing. But I'm trying to overcome all of this and I'll continue studying and trying to control my emotions. How about you? Do you trade or just hold?

>>53505700
I just panic closed my position.

>>53505733
Ok, I'll work on that.

[Anonymous No.53505808]

Same, started like 3 weeks ago and got liquidated 3 times but every time was on 20x leverage. Overall also made some good trades but definitely need better learn better entry and exit strategy or this will have to soon end. Probably gonna stick to 5x.
Is is just me but are binance futures fees are kinda high?
also, I was checking tradingwagon and binance leaderboards and I have no idea how some ppl get such low entry, should have taken a screenshot, but few times I saw traders having entry like 10% lower than it has been like last 3 days.
what counts as long term trade and what short? None of my trades have been longer than 2 days but sometimes I feel like I get out too soon or too fast. anyways, lots to learn.

[Anonymous No.53505944]

>>53505808
Set stops like -1% +5% and you only need to be correct >20%(notincl fees) to break even

[Anonymous No.53506047]

>>53505808
I would consider any trade within a day as a short term trade.

[Anonymous No.53506097]

>>53505182
Leverage is fine but most people use it the wrong way. You shouldn NOT use it to maximize profit on one trade. You should use it to tie less money on one trade and on exchange.

[Anonymous No.53506111]

>>53506097
Yes. that was my same exact viewpoint when I just started and I got it wrong

[Anonymous No.53506123]

Like clockwork. And guess what, I did nothing.

[Anonymous No.53506132]

>>53505754
I shorted FTX dump a bit late but didn’t drop in dollar value because of it. I timed the pump at 16.2 with 20x leverage and kept chipping away my stop loss fund over the course of a week until we finally pumped to 19k. Another anon says don’t use a ton of leverage but I had a friend that saw CZ tweet and immediately glued himself to the screen ready to short 100x. If you look at charts there was a nine hour gap before intense plummet, whales raped a ton of shorts before the actual drop, he played thin stop loss and made over 200k overall. I’m not that gutsy like him but he’s the one who taught me to begin with. It really is not hard to win leverage, just play news and don’t get raped by whales who know newbs will try and short news. Short when the whales short. For comparison, one whale made over thirty million alone shorting FTX fiasco, so if he has to short during that there is a moment that exists where he physically has to open the trade. Short when the whales short. My suggestion, if leverage is troublesome for you, is to play with 100 dollar trades and just try to predict until you feel ready. If like you say your intuiting is above average, you CAN make money with leverage. Intuition and gut feeling are real, sometimes people are the inverse of what actually happens, so they do the opposite of what they feel.

Steps:
Get comfortable predicting the markets and their emotional reactions.

Don’t fight against whales, time whale movement.

You need to be sincerely confident. Fake confidence liquidates traders. Just play small trades and shorts/longs until you really are comfortable.

Finally, hodlers can make plenty of money regardless of what idiots say. One trade a month, one trade six months, one trade every bull run whatever you can deliver plenty and is comparable to decent leverage users. It’s the stellar users that make all those crazy profits. But you don’t need to margin even, just take it easy right now, you’ve got all bear.

[Anonymous No.53506144]

>>53506123
I know sideliners cope a lot with this manipulation argument etc but check this tweet. It is a bit sketchy :D for the next few days I think I will be mostly risk off.

[Anonymous No.53506152]

>>53506144
>>53506123
https://twitter.com/MI_Algos/status/1620154392887566338

[Anonymous No.53506172]

>>53506132
>>53506144
>>53506152
Thank you, anons. Very nice talking to you, I'm going to bed now.

[Anonymous No.53507787]

>>53505182
Not if you use 1X. 1X long & short is miles above "buy and sell" while still avoiding liquidation

[Anonymous No.53508067]

>>53505076
you weren't trading, you were gambling. now drink and smoke crack.

[Anonymous No.53508402]

>>53505076
i fucked up too bro... fanthom was breaking out, longed it 20x, but insta reversed into the fucking ground, it happened so quick, got liquidated. no bounceback, just gone from 0.41 to 0.39.. just a bit below liquidation price of course

oh well, i still got like 2 weeks before i run out of food, yaay

too fucking greedy, i get what i fucking deserve. no more gambling or anything for me...

[Anonymous No.53508610]

i trade gold on leverage and make a living off that for 3 years now

[Anonymous No.53508790]

>>53505312
oh boy

[Anonymous No.53510390]

>>53505401
4k isnt that much, walk it off

[Anonymous No.53510494]

>>53510390

[Anonymous No.53510536]

>>53505401
RIP, sorry you lost that much, hope you learnded

[Anonymous No.53510538]

>>53508610
>make a living off that for 3 years now
that's nice, there's something about gold that just looks so... right, I gotta get one :(
thou i've been making a living off rentals and a little passive income on Sylo, Matic and Xen.

[Anonymous No.53510567]

>>53505076
you are still in less debt than the average hoomer

[Anonymous No.53510679]

Any thing above 10x is donating money to me:)
So keep doing that you degenerate fucks

[Anonymous No.53511596]

>>53510538
Why aren't any of these privacy projects? they are the narrative now.

[Anonymous No.53511935]

>>53505182
everyone who trade (gamble) loses, using leverage just makes it faster.

if anything, you SHOULD use leverage, if your strategy is sound you'll make a bank, if its shit you'll save yourself allot time by busting your account in a few days instead of dragging it for months

[Anonymous No.53513327]

the only NEET recovery stack

[Anonymous No.53513352]

>>53505195

I forgot I posted this yesterday...

[Anonymous No.53514761]

>>53505401
what were you longing/shorting?

[Anonymous No.53515126]

>>53511935
> thug woman
no thanks mate LOL