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My Huge Loss

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Written by   47
3 weeks ago

Gonna share my loss in futures trading in Binance. It was a three days battle I think. Someone told me, though I can't remember his/her name that I shouldn't trade in futures because it's high risk. I knew it. I learned about it before I started this journey. I have a virtual friend that always helping me when I have questions. I started futures trading in Binance around March and I encountered losses but I also had gained. Well, that's how futures trading, there are gains and there are losses too.

March 25, when I lost $30 in trade,BCH suddenly dumped so hard, I forgot the value that time, it went down to 380 or 400 I think, and I let my guard down because I know that my liquidation price was safe, far enough and the BCH was stable but I was wrong. I woke up and my entry was gone hahaha. That's life, I moved on and trade again haha. By the way, I have spot trading too, I just want to trade in futures because it gives me a thrill and stress at the same time lol. I'm a risk-taker in general. I'm persistent ever since, even if I'm struggling I won't stop easily. I normally joke about giving up when I feel tired and exhausted, but deep inside, my desire to achieve the goal that I set is burning.

Okay, back to my trading, I had recovered my $30 loss (last month) with $15 gained. Then I opened a short entry because it's going down already. I did the right decision, I gained again but I wasn't able to monitor because I was so busy in my business last week. And that was my huge mistake happened.

I didn't use Stop Loss because again, I let my guard down, and because I was too busy when I checked the BCH value, it's pumping!!!! At first, I'm not worried because I thought that its movement was just normal. Imagine my entry was 703, short. Then it goes to 800, then 900.. hahaha. While everyone was celebrating, I'm trying to save my entry by adjusting the liquidation price. It doesn't matter if I wasn't able to enter my position in Long and enjoy the pump, the most important to me that time was to save my trade. From 900 it went down to 770 but again, I thought that it's not going to pump anymore, so I didn't close my position haha.

It's actually a 3-day roller coaster emotion. I wasn't able to enjoy the pump because my funds were in my trade and I can't pull them out because I'm protecting my entry.

My PNL when the price is 1176

But the worst scenario happened. BCH keeps on pumping and it hit my 1st liquidation price before I adjust which was 1180. It's midnight already that time and of course, I can't sleep because I need to monitor and adjust my liquidation, the problem was I don't have available BCH anymore in Binance. So I had to sell my other alts and transfer my remaining BCH in a bitcoin wallet and bought some BCH during its peak. Imagine I bought a few during 1000 value? hahahahah. It's insane but that's the only way, it's a do-or-die situation. I sold some at 1100 value but I don't want to use them to save my entry, coz I'll buy when the price dump.

The endless waiting game, I started my futures trading last month but it feels like I'm drained from it already hahaha. Yesterday, I continue to monitor the chart trying to cut some losses and set stop loss, it's okay for me to have some loss but not 100%. Imagine during its peak, I had an Unrealized PNL of -$183, when it went down to 1100, I cut 6% of loss, so I had an available cont already, I add it to my liquidation price again in case it keeps on pumping.

Last night, Pisces15 sent me an article on how to read those candle movements in the chart, he said that maybe and he's hoping that it was bearish engulfing pattern already, so it's going to dump. And when I checked the candle, he's right. That's why I'm positive that it's going to dump and he's right. When I woke up it's already dumping. I already close my position, when it hit 883. I set my stop loss at 800 but greediness hits me and yeah, I cancel it but it started to pump again haha that's why I immediately close it, pikit mata.

Profit and Loss Analysis from April 10-18.

I can now sleep in peace, haha. Am I going to stop trading in futures? No. As I said, it gives me a thrill, I learned a lot in this trading experience of mine. I won't ever let my guard down again and gonna reduce my conts. I checked my PNL since April 10 up and it's a huge dump, but it's okay, at least all in all I still have gains haha. That's life. I will just be more careful next time. I'll make sure to close all my entries if I'm going to get busy. By the way, I still did some scalping a while ago while drafting this haha. I told yah, it gives me thrills hahahahaha.

"They're proud when they win and they brag when they lose. If you're going to go broke, go big. You don't want to admit that you went broke over a duplex" - Rich Dad, Poor Dad.

I shared my wins in trade, so I shared my huge loss too (so far, pero wag na madagdagapan pa sana haha)

Trade safely. ❤


What's my plan now in my crypto journey?

I'm still going trade, diversify my assets and convert some to fiat. I'm enjoying crypto-world while hustling hard and continue to be the CEO of my life.

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Written by   47
3 weeks ago
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Comments

Halaaaa, yang greed talaga ang panira ss trading oi 😣. Yung nagka profit kana pero dahil mas gusto mo ng malaking profit di mo ni close at tinuloy ang laban. Aigooo, ganyan nangyari sakin isang. Ang baba ng lev ko kaya naging kampante ako. Aba'y biglang dump mandin ay lagas mandin ang $10 ahahaha. Buti nga un lang saka sa SG lang ako. Dun lang tau sa free. Sa Binance habggang spot lang ako dun.

Saka ayaw ko ding nagseset ng SL. Kasi ang reason ko, bat magseset pano pag biglang bumawi at nakabangon ulitbang position mo ee di sayang sisi ka sa huli. Kaso mo mas magsisisi pala sa huli dahil di nag set ng, nasunugan na nga 🙈🙈. Nangyari na nga sakin yo nong January abay dj pa nadala. Bat baga ganon ahahahaha.

$ 0.05
3 weeks ago

Buhay trader.. Hahahaha.. Greediness talaga ang panira ng moment.. Nung sa SG ako dati, pag nag ka profit na, ayaw pa iTP kasi ang mindset, tataas pa to.. Pag nag dump, okay pa to, babawi rin to.. Pag nag sobrang dump, hopeful pa rin.. Pag tumaas ng kunti pero wala pang gains, yung kaya na sanang salbahin para $3 ang loss lang, hopeful pa rin until dump na ng tuluyan.. At waley na.

Hirap gumawa ng desisyon pag futures. Hahahaha.. Aatakihin lang ako sa puso dito.

$ 0.00
3 weeks ago

Hahaha nabasa ko experience mo na yan sa SG noon ginawan mo din ng article haha. Di pa ako maka relate non sau kasi wala pang alam. Abay ngayon, relate na relate na nga. Panoy naranasan na. Bwisit na greed yan, balakid sa ating kaligayahan ahahaha.

$ 0.00
3 weeks ago

Hahaha need ko na pagtyagaan ulit si SG dahil ayoko mag spend na ng pera sa futures.. At least sa SG, d masyadong masakit. Haha.

$ 0.00
3 weeks ago

Kaya ngaaaa.sabi ko pa nga ay sige bababa pa yan, aba'y nag fly fly sya 😹😹😹😹 nung una nastrestress na ko eh, tas nung halos nsa $100 na unrealized PNL ko parang okay sige. Tatanggapin ko na ba kako.
Hindi din talaga matantya eh. Siguro d ako mag set stop loss kapag ung kaya ko imonitor, kapag hindi kasi magulat ako wala na ko babalikang position pala. At ayoko na magshort masyado, dyan din ako nadali sa storm gain, nagshort ako tas nangiwan na naman sya 😹😹 Ngaun short ulit, nang iwan again haha. Scalping na lang ako kapag short. Ganyan din ako di nadadala. Nagtrade na nga ko ulit oh bago magsleep pero may TP na, ayun success hahahaha. Ingat na lang ako talaga, aba'y kamuntikan pa ko magback to 0 🙉🙉

$ 0.00
3 weeks ago

Hahahaha, nakaasar din minsan. Yong bang sumuko kana nag close kana. Tapos after mo ma close biglang babanat ng pagtaaas aigoo. Asar is me .

Oara kang si @Eybyoung hindi nadadala haha. Buti ung kanya nabawi nya. Add lang sya ng add wari. Mas nakakatakot yang sa inyo kasi real money. Ee sa SG nga na galing lang sa minahan nakakatakot na pano pa pag real money na. Aigoooo. Isa pa yang si Pisces ahaha. Pero nakakabawi naman kau ano pero dilang talaga maiiwasang maka loss

Maalam kanaba magbasa mg chart? Ako hanggang hula hula hope lang ahahahaha. Tapos animal instinct ahaha. May signal sa tg about sa ganyan kaso parang ewan ahaha.

$ 0.00
3 weeks ago

Naku hulainstint lang ako 😹😹 haha pero may naaral ako yung BOLL, pero sa scalping ko sya ginagamit. Effective man minsan haha. Yung bearish engulfing nga nito ko lang nalaman dahil pinabasa Pisces, namotivate ako aralin dhil un ang sasalba sa entry ko ahhaha.

Yun nga pangasar pagkaclose saka pa aangat. Nag TP ko 950 bago magsleep.tas ngaun tumaas. Haha pero keri na bawiin slowly muna. Never ako nag entry ng malaki, 1st time yun, ts dun pa minalas hahahaha

$ 0.00
3 weeks ago

Same, diko pa naaral yang mga yan. Gusto ko talaga aralin awan baga bat ang tamadism ko 🤦.

Bat ang hilig mo sa short? Ako mahilig sa long ahahaha. Mas mesherep 🙈. I mean nageentry ako pag tingin ko pataas ahahahaha. Minsan lang ako nag short ang goods naman ang result sa sg din kaso nalagas lahat kaya katakawan ko ahahaha.

$ 0.00
3 weeks ago

Nakakatamad sya kc technical analysis haha kaya ung bearish lang binsa ko kc un lang need ko haha.

Mas nageentry ako sa long bihira ko magshort kso mas lagi ako wrong timing dun hahaha.

Sa SG magiipon na lang tlga ko. Ngscalp ako one time pakonti konti, aun ok naman $3 nagain. Kso ngshort ako, aun un lang natira ung $20 limas hahahaha. Ipunin ko na lang tas saka ipambili coins haha

$ 0.00
3 weeks ago

Kaya nga, nakakahilo pati para ss isang katulad kong walang tiyaga, paunti unti kasi ako. Ayaw ko ng isang bagsakan at baka naman akoy maloka na ahahahaha.

Basta kahit anong entry ko sa kanila di mawawala wrong timing 😭. Bat kasi ang volatile nila aigooo. Gala mo si BCH mamya ang taas tas biglang bubulusok ahaha. Halos lahat naman sila.

Hahaha, hirap ma reach mg min sa sg, $55 kasi. Di oa isasa dun ung na gain mo ss cryptominer aigoo.

$ 0.00
3 weeks ago

Hirap talaga sa trading pag di mo namomonitor.. Kahit nga monitoring mo pa pag greediness kicks in, waley.

And yes, yung thrill iba kasi nabibigay sa FT.. Grabe intense at yung stress, iba din! Hahaha.. Ngayon, Yoko muna mag Trade.. Anyway, magiging Master ka nyan soon, sis.

$ 0.00
3 weeks ago

Hahahahaha tawa ako kala ko ako lang yung ganito malaki losses 😂🤦‍♀️ Di ka nag iisa andito ako pero siguro sa susunod na trade ayus ayusin na natin desisyon natin sa buhay hahaha. Same tayo risk taker, at di rin talaga ako titigil 😂

$ 0.00
3 weeks ago

Hahaha, natatawa na lang nga ako eh kasi nakahinga na. Pero that time ung anxiousness ko kasing taas ni BCH haha. Yes tama, hinay hinay muna. Nababawasan yung mga naunang gains kakaloss eh haha

$ 0.00
3 weeks ago

Kaya nga eh ako din nga hinay hinay muna. Spot spot uli hahaha

$ 0.00
3 weeks ago

Di ako makarelate sa futures! tinapos ko na ang tapang ko nung natalo ako sa detoken kaya dun na lang ako sa spot trade at staking. Pero magagamay mo din sis, ako kasi takot na ulit matalo..heheh

$ 0.00
3 weeks ago

Naalala ko, napakatapang mo nga nun sa detoken sis. Ikaw tlaga si Gabriela Silang nun eh haha. Nagbawi na ko ng konti kagabi, may target ako sa binance eh, sana makisama market ahhahaha.

Thanks sis. Sana magamay ko na sya ng walang loss lol. Sakit sa bangs

$ 0.00
3 weeks ago

Oo sis kaya yan!

$ 0.00
3 weeks ago

Wala pa din talaga ako maintidihan sa mga numbers. Hahaha. Pero kahit hindi pa ako nakakaexperience ng ganyan, kinakabahan na ako.

$ 0.00
3 weeks ago

Roller coaster talagaaaa. Tas nakatitig ako sa chart. Ay grabe hahahah.. Bute talaga nagstart sya magdip na after 1217 na ATH. Kung hindi goodbye haha. Auko na magbenta ng iba pang assets luging lugi sa taas ng BCH nun para lang masave sya

$ 0.00
3 weeks ago

Awiiit ateee🤧🤧🤧 ako yung kinabahan na baka mauna pa maubos pasensiya ko bago ma stop loss🙈🙈🙈🙈

Napakatapang sa digmaan🙈😆💚 Next time na ulit me magbtrade kapag maluwag na schedule :)

Anyways, natalo man babawi pa iyan haha. Yung roller coaster paakyat na po ulit kaya kapit lang haha💚💚

$ 0.05
3 weeks ago

Sabi ko nga dto d ako magtrade db. Abay nagtrade pa ko bago magsleep pero may TP, aun close na haha. Success naman lol.

Ewan ko ba, naeenjoy ko ung may thrill pero wag nmn ung ang tindi 🤦‍♀️🤦‍♀️ aba'y muntik na ko magback to 0, eh baka tamarin na ko nun. Oo, di nako magoopen entry ng busy ako, ts walang TP or SL haha.

Babawiin ko talaga yan nako. Haha sayang naunang gains, nasunog haha. Thanks thanks ❤

$ 0.00
3 weeks ago

Mababawi pa iyan, ako tamang aral muna sa stormgain at nag pull out ako sa binance at detoken🙈🙈😆😆😆

$ 0.00
3 weeks ago

Ms okay storm gain kc free. Nalimas din funds ko Jan kakashort. Unlucky ata ko sa short hahahaha

$ 0.00
3 weeks ago

Hahahhsa ako eh never pa po😆😆😆😆 buy high sell low🤣🤣🤣

$ 0.00
3 weeks ago

Wala eh, no choice, need ko masave ung uh ng entry ko, limas ako kapag hindi hahahaha

$ 0.00
3 weeks ago