Fucked up, what should I do now?

[Anonymous No.55786396]

Opened a $30k long at $1953 and I’m down roughly $8k should I just close and accept my losses or hope it bounces back in the next week?

[Anonymous No.55786401]

lol
lmao

[Anonymous No.55786406]

>>55786396
yes

[Anonymous No.55786413]

>>55786396
Short $TOAD yw

[Anonymous No.55786414]

>>55786396
Close it when it bounces back to your entry before the doom dump

You must pray for the bounce though, if you don’t pray hard enough it’s not gonna bounce

[Anonymous No.55786441]

>>55786414
Praying hard as fuck. This is my entire life savings. I’m so fucked already. I need this to go back up

[Anonymous No.55786452]

>>55786414
>if you don’t pray hard enough
God =/= a vending machine.

[Anonymous No.55786472]

>>55786396
>at least 6x margin on your life savings when you opened it

Are you fucking insane?

[Anonymous No.55786502]

>>55786441
Why the fuck...

[Anonymous No.55786503]

>>55786472
OP here posting off phone, for the most part I was making really good calls with the one exception, and this time just made a really bad one and didn’t cut my losses in time. I could potentially borrow money to try and lower my entry point but I just don’t know.

[Anonymous No.55786510]

>>55786503
Things tend to go up in general over time including the stock market, the people on /biz/ saying bitcoin's going to 15k are the same people saying "that's a man" to every single photo of a woman.

[Anonymous No.55786515]

>>55786396
>leverage trading crypto
>autodepost: on
>$30k is a lot of money to him
bros.. i think the top is in

[Anonymous No.55786528]

>>55786515
Shit 10k is a lot of money to me, I get OP's pain but leverage trading is pretty much the most retarded thing one can do.

[Anonymous No.55786563]

>>55786510
Definitely reassuring, might just have to hold out for a retest.
>>55786528
Yeah I agree, really unwise and I’m going to stop fucking with leveraged futures after this.

[Anonymous No.55786603]

>>55786563
Not only was it leverage trading but leveraged FUTURES? With your life savings? Normal lev trading isn't that bad but please never repeat this mistake again.

[Anonymous No.55786607]

>>55786503
Nothing new. Market makers and casinos are the same. They let you get comfortable then when you get cocky, they get you. I turned 1k into 4k then lost it all. I never touched my real stack though. You're not special, you're not lucky. You're retarded.

[Anonymous No.55786613]

>>55786396
put in a close limit of 1890. Sorry bro but it's only going down from here for the next few months. Cut your losses. Not sure why you longed it at 1950 anyway. It'll rise up to 1890 in like a week or so before going down again. Nice to see a fellow Kucoin user though even though they're kiking out with KYC and periodically being a pain in the ass to leverage trade with in the US right now.

[Anonymous No.55786637]

>>55786503
Why in the fuck don't you have a stop loss

[Anonymous No.55786955]

>>55786637
>Crypto tards
>Stop loss
Anon.. forget it

[Anonymous No.55788231]

>>55786396
lmaoooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo
so you thought you could repeat your long success all the time anon? i thought the same and lost all my portfolio , now i just stack eth and btc

[Anonymous No.55788240]

Get fucked you retarded leveraging faggot. How many times has /biz/ advised you against leverage trading? How else will you learn if not by losing all your savings?

[Anonymous No.55788241]

>>55786396
Hold. No, sell. No wait.... hold. No shit what am I thinking SELL.
No hold fuck it. Or....

[Anonymous No.55788246]

>>55786503
>I could potentially borrow money to try and lower my entry point

lmao

[Anonymous No.55788263]

>perps
damn. you should have used kinetix.

[Anonymous No.55788305]

>>55786603
Why do you say this? Is futures rigged or something?

[Anonymous No.55788341]

>>55788305
how can you be this new, where the fuck are all the oldfags, this board is drenched with zoomer stench ripe for suffering

[Anonymous No.55788368]

>>55786503
>It worked until it didn't
Astonishing that you've reached this conclusion. Consider this a life-long lesson

[Anonymous No.55788451]

all systems go
enter Night.

[Anonymous No.55788475]

>>55786503
Put a stop at 1800 and forget about it.
If it breaks there again you clearly made a very bad call

[Anonymous No.55788483]

Fucking retard not having a stop when using real money

[Anonymous No.55788496]

>>55786503
Yeah I did 2k to 30k in a few weeks recently, then lost it all in 1 bad trade. Happens. Cant give you any advice on what to do in ur current predicament though. $1,600 liq seems safe for now.

[Anonymous No.55789459]

>>55788341
Because the mod faggots and their advertisers spammed the shit out of this board to sell shitcoins, we abandoned crypto, we are not coming back. I'm trading commodities now and shorting chinese companies

[Anonymous No.55789508]

>>55788496
>Yeah I did 2k to 30k in a few weeks recently, then lost it all in 1 bad trade. Happens
if you had any understanding of risk management you wouldn't have gone from 2k to 30k. it was basically just luck. you got lucky and the inevitable happened.

[Anonymous No.55789557]

>>55789508
Pretty much yep

[Anonymous No.55789866]

>>55786396
just wait a week

[Anonymous No.55790060]

>>55789866
Not two weeks? You crypto scammers are really desperate. Funny how the Fink announcement did exactly the opposite of what was expected. That happens if an industry that relied massively on genx and millennial libertarian and cypher anarchists cooperates with the one group of people they hate the most, they abandon it and leave it to rot. Your industry is dead. Communist ponzi player zoomers wont get you out of that mess