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Re: Lost considerably more than my stop loss was set at – Bitget
I always set my stop losses at around $50 but recently, for 2 trades on Bitget, I lost considerably more that my stop loss was set at. Both trades were in ‘USDT-M Futures’ and both were the PI-USDT pair. In one trade I lost $150 and the other I lost $87…
It depends on buy orders on that exchange and if there was not enough buy orders, your sell order (with stoploss order) will be executed at lower prices. Sometimes when the market is crashing, there is potentially Cascade effects from market liquidations that can cause bigger loss than you expect to have with your stop loss order.To prevent failure of a stop loss order as well as reduce impact from any Cascade effect, there is a better order for your practice in future - a Stop limit order.
https://academy.binance.com/lt/articles/what-is-a-stop-limit-order
https://www.investopedia.com/articles/active-trading/091813/which-order-use-stoploss-or-stoplimit-orders.asp
Yes but, if I have understood correctly, the price can crash through a stop limit order without it triggering can in not? My understanding is the price would then have to go back up to the stop limit price to trigger it... so if I am away from my laptop and the price just keeps going down I'd be screwed! At least a stop loss order triggers as soon as it can - even if it did cost me a lot on these 2 occasions
Re: Lost considerably more than my stop loss was set at – Bitget
I used to trade on Bybit and this kind of thing never happened there so I’m just trying to establish why this happened on Bitget?
Lesson: Don't get attracted to platforms that promises golden returns when you trades in their platforms. If Bybit was serving you better why did you left it for Bitget? Perhaps you didn't tell your reason which i believed it's best known to you.
Information: when seeking for platform to trade on, do consider reputation and their community network scalability.
This is because I am in the UK a lot and Bybit is no longer supported in the UK.... I guess I can use a VPN though which will probably be my next step.
Re: Lost considerably more than my stop loss was set at – Bitget
In your case, the problem is that there wasn't enough liquidity to execute your stop loss. Thus, your order was closed gradually, as counter orders placed by other traders became available. You can avoid this if you set a stop-market rather than a stop-limit.
Stop limit orders never get executed away from the set price. They only get executed at the set price. Worst case scenario if the market was moving so fast and the stop limit order wasn't triggered in time, no execution would have happened and OP would have been left holding a losing position until the price came back up or even get the position liquidated. For OP's case, I am guessing he used the stop order(market) and due to slippage caused by the fast moving market, his position got closed away from the price he wanted thus that huge loss. Thanks for the replies... Yes this is what happened (i.e "he used the stop order(market) and due to slippage caused by the fast moving market, his position got closed away from the price he wanted thus that huge loss.")
I assume it must have been a liquidity problem as tvplus006 suggested.... Does this mean it would not have happened if I'd have been trading a bigger coin such as BTC or ETH (due to higher liquidity)? And if that's the case I assume that means Bybit has higher liquidity when trading smaller coins/tokens as this never happened to me when I traded on Bybit? Or, was this just simply 2 very rare occasions when the market dropped alarmingly quickly and I was just extremely unlucky?
Re: Lost considerably more than my stop loss was set at – Bitget
You traded a very volatile futures contract. When creating a stop loss, Watch the type of order you make. Stop-limit order vs stop loss order
Stop limit order - creates a limit order and the position gets closed at exactly the price you set
Stop loss order - order gets executed at market price. If you market moves do fast. You will find your order getting executed away from the actual price you had set
Which trypeof stop order did you use?
https://www.investopedia.com/ask/answers/021015/what-difference-between-stop-order-and-stop-limit-order.asp
Stop limit order - creates a limit order and the position gets closed at exactly the price you set
Stop loss order - order gets executed at market price. If you market moves do fast. You will find your order getting executed away from the actual price you had set
Which trypeof stop order did you use?
https://www.investopedia.com/ask/answers/021015/what-difference-between-stop-order-and-stop-limit-order.asp
I don't think if a limit order is the issue here, what he's talking about is the SL stop-loss order.
@OP How exactly did you adjust your stop-loss?
What I think is your stop-loss is set to a partial amount because that is the default one. If I'm right, this is your mistake; it could lead to further loss if the price is beyond your stop loss. It is sometimes liquidated if you are using isolated.
So check that order if you set the stop loss partially or full amount. I sometimes experience this issue that leads to further losses.
Or this might be because of the slippage it can happen on rapid price fluctuate that leads to further losses. That's normal it could also happen on other exchanges.
It was for the full amount so this was not the issue.... thanks for the suggestion though
Re: Lost considerably more than my stop loss was set at – Bitget
Here's what Bitget support had to say.... note their line "At that time, the price fluctuated greatly, so it was normal for the closing price to slip."..... I would be ok with a small bit of slippage but when I set my stop loss to $50 and I lose $150 I don't think $100 of slippage is acceptable!!
Dear valued customer,
Greetings from Bitget.
PIUSDT long，quantity：6853
stop loss：0.9251
close price：0.9191，close time：2025/3/25 02:48:23 UTC+9
average entry price：0.9307
realized pnl：（close price- average entry price）*quantity=-79.1372
trading fee：-7.6065（open+close）
funding fee：-0.32243365
net profit：realized pnl+trading fee+funding fee=-87.0663
PIUSDT long，quantity：6026
stop loss：0.9389
close price：0.9231，close time：2025/3/24 22:09:39 UTC+9
average entry price：0.9474
realized pnl：（close price- average entry price）*quantity=-146.4318
trading fee：-4.4793（open+close）
net profit：realized pnl+trading fee=-150.9112
The above two orders were successfully closed after reaching the stop loss price.
The system triggers the stop loss price before closing the position. At that time, the price fluctuated greatly, so it was normal for the closing price to slip.
If you want to close the position at a specified price, you can set a limit order.
Dear valued customer,
Greetings from Bitget.
PIUSDT long，quantity：6853
stop loss：0.9251
close price：0.9191，close time：2025/3/25 02:48:23 UTC+9
average entry price：0.9307
realized pnl：（close price- average entry price）*quantity=-79.1372
trading fee：-7.6065（open+close）
funding fee：-0.32243365
net profit：realized pnl+trading fee+funding fee=-87.0663
PIUSDT long，quantity：6026
stop loss：0.9389
close price：0.9231，close time：2025/3/24 22:09:39 UTC+9
average entry price：0.9474
realized pnl：（close price- average entry price）*quantity=-146.4318
trading fee：-4.4793（open+close）
net profit：realized pnl+trading fee=-150.9112
The above two orders were successfully closed after reaching the stop loss price.
The system triggers the stop loss price before closing the position. At that time, the price fluctuated greatly, so it was normal for the closing price to slip.
If you want to close the position at a specified price, you can set a limit order.
I always set my stop losses at around $50 but recently, for 2 trades on Bitget, I lost considerably more that my stop loss was set at. Both trades were in ‘USDT-M Futures’ and both were the PI-USDT pair. In one trade I lost $150 and the other I lost $87…
I used to trade on Bybit and this kind of thing never happened there so I’m just trying to establish why this happened on Bitget? Is it because there are not many people trading ‘PI’ on Bitget and therefore, if I’ve have been trading one of the bigger coins like BTC or ETH, it wouldn’t have happened? Or is there an entirely different reason?
I used to trade on Bybit and this kind of thing never happened there so I’m just trying to establish why this happened on Bitget? Is it because there are not many people trading ‘PI’ on Bitget and therefore, if I’ve have been trading one of the bigger coins like BTC or ETH, it wouldn’t have happened? Or is there an entirely different reason?
I want to buy around $50 of both WASSIE and BOB through Uniswap but the gas fees are $25 for each transaction!!
Is there any way to get WASSIE and BOB without having to spend so much on gas fees?
Is there any way to get WASSIE and BOB without having to spend so much on gas fees?
Thanks for all of your replies - it's nice to see a forum and community who are actually trying to help and advise rather than condescend a newbie 
I realise that the most common and less risky way to invest long term is to purchase a coin/token through Spot on an exchange like Binance or KuCoin and then transfer the coin/token to a wallet like TrustWallet or MetaMask (as this is considered safer than keeping the coin/token on an exchange)...
If however, hypothetically speaking, we lived in a world where exchanges were perfectly safe and you didn't need to move your crypto to a wallet... and in this hypothetical world I wanted to purchase crypto with a 2x leverage, I was just wondering what the downside (apart from safety) of keeping a long term trade open in Derivatives would be....
From what I can gather through your replies, it seems as though another downside of going down this route (apart from safety) would be that keeping your trade open in Derivatives will accumulate fees that would not be accumulated in Spot.... How do these fees work?
Using my initial example which I have quoted below….
In an example like the above, how much in fees can I expect to pay over a year?
I realise that the most common and less risky way to invest long term is to purchase a coin/token through Spot on an exchange like Binance or KuCoin and then transfer the coin/token to a wallet like TrustWallet or MetaMask (as this is considered safer than keeping the coin/token on an exchange)...
If however, hypothetically speaking, we lived in a world where exchanges were perfectly safe and you didn't need to move your crypto to a wallet... and in this hypothetical world I wanted to purchase crypto with a 2x leverage, I was just wondering what the downside (apart from safety) of keeping a long term trade open in Derivatives would be....
From what I can gather through your replies, it seems as though another downside of going down this route (apart from safety) would be that keeping your trade open in Derivatives will accumulate fees that would not be accumulated in Spot.... How do these fees work?
Using my initial example which I have quoted below….
Quote
EXAMPLE
If I purchase $1000 of BTC using the ByBit Derivatives pair BTC/USDT (i.e. using USDT to purchase the BTC) and I buy the BTC when the price is at $14k using a leverage of 2x, please can someone tell me if I've understood the following scenarios correctly:
1 - If, in a years time, the BTC price goes up from $14k to $56k, that would mean the price has multiplied by 4. That being the case, my investment of $1k USDT which I leveraged at 2x (so effectively invested $2k) will go up to $8k, resulting in $7k profit... Have I understood this correctly?
If I purchase $1000 of BTC using the ByBit Derivatives pair BTC/USDT (i.e. using USDT to purchase the BTC) and I buy the BTC when the price is at $14k using a leverage of 2x, please can someone tell me if I've understood the following scenarios correctly:
1 - If, in a years time, the BTC price goes up from $14k to $56k, that would mean the price has multiplied by 4. That being the case, my investment of $1k USDT which I leveraged at 2x (so effectively invested $2k) will go up to $8k, resulting in $7k profit... Have I understood this correctly?
In an example like the above, how much in fees can I expect to pay over a year?
Long term investment is not related to Spot, Margin or Derivatives.
When you invest long term, you must keep your coin in your wallet, not on exchange. If you mean Spot, Margin or Derivatives, you must store your coin at exchanges. That is bad in security for your coin and capital.
In addition, if you invest and store your coin at exchange, you can easily to go with trading because it is very convenience to trade on exchanges. Then you will change from long term investment to trading and it is bad.
When you invest long term, you must keep your coin in your wallet, not on exchange. If you mean Spot, Margin or Derivatives, you must store your coin at exchanges. That is bad in security for your coin and capital.
In addition, if you invest and store your coin at exchange, you can easily to go with trading because it is very convenience to trade on exchanges. Then you will change from long term investment to trading and it is bad.
Thanks for the advice but these are only hypothetical questions so please work on the basis that I only have access to ByBit and I am not using a wallet.
I'm one of those idiots who invested in a bunch of coins/tokens at the top and lost a load of money - around $35k in total
I sold all of my coins/tokens a few months back but I will be reinvesting in numerous difference projects again when, or if, BTC goes down to $14k - which I believe will be somewhere close to the bottom.
Since losing the $35k I started trading using ByBit Derivatives and it's helped me to understand the whole crypto scene a lot more. I lost another $5k when I first started trading but since then I've done pretty well (mainly shorting) and I reckon I'm now around $2-3k up with the trading in total. I'm still massively down overall since getting into crypto though
Anyway, regarding long term investing and whether I should use Spot, Margin or Derivatives... My plan is to invest in loads of different coins/tokens but if we just use BTC as an example...
EXAMPLE
If I purchase $1000 of BTC using the ByBit Derivatives pair BTC/USDT (i.e. using USDT to purchase the BTC) and I buy the BTC when the price is at $14k using a leverage of 2x, please can someone tell me if I've understood the following scenarios correctly:
1 - If, in a years time, the BTC price goes up from $14k to $56k, that would mean the price has multiplied by 4. That being the case, my investment of $1k USDT which I leveraged at 2x (so effectively invested $2k) will go up to $8k, resulting in $7k profit... Have I understood this correctly?
2 - If conversely the price of BTC goes down from $14k and I do not put in any kind of stop loss, at 2x leverage I estimate my liquidation price would be roughly half of $14k so around $7k (maybe just over)... is this correct?
3 - If I've understood both the above scenarios correctly, what is the benefit in using Spot or Margin? It seems to me that Derivatives does exactly the same as Spot and Margin with the added benefit of additional leverage if required! Is that not right?
I sold all of my coins/tokens a few months back but I will be reinvesting in numerous difference projects again when, or if, BTC goes down to $14k - which I believe will be somewhere close to the bottom.
Since losing the $35k I started trading using ByBit Derivatives and it's helped me to understand the whole crypto scene a lot more. I lost another $5k when I first started trading but since then I've done pretty well (mainly shorting) and I reckon I'm now around $2-3k up with the trading in total. I'm still massively down overall since getting into crypto though
Anyway, regarding long term investing and whether I should use Spot, Margin or Derivatives... My plan is to invest in loads of different coins/tokens but if we just use BTC as an example...
EXAMPLE
If I purchase $1000 of BTC using the ByBit Derivatives pair BTC/USDT (i.e. using USDT to purchase the BTC) and I buy the BTC when the price is at $14k using a leverage of 2x, please can someone tell me if I've understood the following scenarios correctly:
1 - If, in a years time, the BTC price goes up from $14k to $56k, that would mean the price has multiplied by 4. That being the case, my investment of $1k USDT which I leveraged at 2x (so effectively invested $2k) will go up to $8k, resulting in $7k profit... Have I understood this correctly?
2 - If conversely the price of BTC goes down from $14k and I do not put in any kind of stop loss, at 2x leverage I estimate my liquidation price would be roughly half of $14k so around $7k (maybe just over)... is this correct?
3 - If I've understood both the above scenarios correctly, what is the benefit in using Spot or Margin? It seems to me that Derivatives does exactly the same as Spot and Margin with the added benefit of additional leverage if required! Is that not right?
Re: Urgent help required plz - supposed to make a short trade but have I gone long?
It turned out the trade went exactly as I'd planned but it did not appear on my "Open Orders" until I refreshed the page!... very frustrating!
Re: Urgent help required plz - supposed to make a short trade but have I gone long?
Help please...
This trade should be making profit now but none of the numbers on the below screen are changing!....
https://postimg.cc/zH3RrMc1
I have no idea if I'm in a short trade, a long trade or no trade at all! Can someone plz advise
This trade should be making profit now but none of the numbers on the below screen are changing!....
https://postimg.cc/zH3RrMc1
I have no idea if I'm in a short trade, a long trade or no trade at all! Can someone plz advise
Urgent help required plz - supposed to make a short trade but have I gone long?
Just when I thought I was understanding it looks like I've had a horror!...
I wanted to make a short trade using a limit order on the BTC/USDT pair - to trigger when BTC went up from 31,600 to 31,900...
In the below box I selected Cross > Limit > Borrow > Typed "31900" as the price > and selected 100% as the amount....
https://postimg.cc/NKdKnKZy
I thought this would only start the short trade when BTC got up to 31,900 but the trade seemed to trigger immediately!
What's concerning me even more is that the 'Positions' tab makes it look like I've made a long trade instead of a short trade. See below:
https://postimg.cc/VrK0bDck
The BTC position looks more like a long trade than a short trade to me but I could be wrong.... When the 'Index Price (USDT)' goes up the 'To Liquidation Price" percentage seems to go up as well! If I am in a short trade shouldn't I be getting closer to Liquidation when the index price goes up?
I wanted to make a short trade using a limit order on the BTC/USDT pair - to trigger when BTC went up from 31,600 to 31,900...
In the below box I selected Cross > Limit > Borrow > Typed "31900" as the price > and selected 100% as the amount....
https://postimg.cc/NKdKnKZy
I thought this would only start the short trade when BTC got up to 31,900 but the trade seemed to trigger immediately!
What's concerning me even more is that the 'Positions' tab makes it look like I've made a long trade instead of a short trade. See below:
https://postimg.cc/VrK0bDck
The BTC position looks more like a long trade than a short trade to me but I could be wrong.... When the 'Index Price (USDT)' goes up the 'To Liquidation Price" percentage seems to go up as well! If I am in a short trade shouldn't I be getting closer to Liquidation when the index price goes up?
The 0.00007057 is the bitcoin in interest that's due - there's no % - (ie it's been added to the amount you've borrowed)
Interest is calculated every hour based on that (I think you get an email summary at some point too that might provide more useful information than the live info).
Interest is calculated every hour based on that (I think you get an email summary at some point too that might provide more useful information than the live info).
The amount of interest in BTC shown in my wallet has now gone up from 0.00007057 to 0.00009097...
See here... https://postimg.cc/v1DdCgsj
0.00009097 BTC is roughly $3 (just under)... is this the total interest I owe or do I have to multiply this by the number of hours I've been in the trade? I've been in the trade for around 5 days now so if it's an hourly rate it's gonna cost me a bloody fortune!
I shorted BTC around 4 days ago now and I still have the same trade open - which is going pretty well. It's just occurred to me however that I am being charged interest on the 0.28799000 BTC that I borrowed!....
I'm a bit confused as to how much interest I am being charged as, when I select "Borrow" from the trading screen, this comes up:
https://i.postimg.cc/DwqdnhGR/Screenshot-1.jpg
Yet, this is the interest displayed in my margin wallet:
https://i.postimg.cc/63QdrGPN/Screenshot-2.jpg
One says the interested is 0.00041667% and the other says 0.00007057%... which is correct? And, is this being charged hourly?
Also, how do I add images to posts on this forum? I can't work out how to do it!
I'm a bit confused as to how much interest I am being charged as, when I select "Borrow" from the trading screen, this comes up:
https://i.postimg.cc/DwqdnhGR/Screenshot-1.jpg
Yet, this is the interest displayed in my margin wallet:
https://i.postimg.cc/63QdrGPN/Screenshot-2.jpg
One says the interested is 0.00041667% and the other says 0.00007057%... which is correct? And, is this being charged hourly?
Also, how do I add images to posts on this forum? I can't work out how to do it!
Thanks for the replies....
As stated previously, I shorted BTC around 4 days ago now and I still have the same trade open - which is going pretty well. It's just occurred to me however that I am being charged interest on the 0.28799000 BTC that I borrowed!....
I'm a bit confused as to how much interest I am being charged as, when I select "Borrow" from the trading screen, this comes up:
https://i.postimg.cc/DwqdnhGR/Screenshot-1.jpg
Yet, this is the interest displayed in my margin wallet:
https://i.postimg.cc/63QdrGPN/Screenshot-2.jpg
One says the interested is 0.00041667% and the other says 0.00007057%... which is correct? And, is this being charged hourly?
Also, how do I add images to posts on this forum? I can't work out how to do it!
As stated previously, I shorted BTC around 4 days ago now and I still have the same trade open - which is going pretty well. It's just occurred to me however that I am being charged interest on the 0.28799000 BTC that I borrowed!....
I'm a bit confused as to how much interest I am being charged as, when I select "Borrow" from the trading screen, this comes up:
https://i.postimg.cc/DwqdnhGR/Screenshot-1.jpg
Yet, this is the interest displayed in my margin wallet:
https://i.postimg.cc/63QdrGPN/Screenshot-2.jpg
One says the interested is 0.00041667% and the other says 0.00007057%... which is correct? And, is this being charged hourly?
Also, how do I add images to posts on this forum? I can't work out how to do it!
Ok thanks for this...
Just to clarify then...
Not that I am going to do the following but just to use it as an example....
If I have $1000 in my Margin account and I put it all in a 10x Isolated short trade for $10000 (meaning I am borrowing $9000), the Liquidation Price is then worked out at the exact point where I have lost the full $1000 from my Margin account and I cannot lose any more than this on this trade? is my understanding correct?
Just to clarify then...
Not that I am going to do the following but just to use it as an example....
If I have $1000 in my Margin account and I put it all in a 10x Isolated short trade for $10000 (meaning I am borrowing $9000), the Liquidation Price is then worked out at the exact point where I have lost the full $1000 from my Margin account and I cannot lose any more than this on this trade? is my understanding correct?
I've just placed my first ever short trade using the BTC/USDT pairing through Binance Margin (Isolated rather than Cross). I kept the amount very low for my first trade just in case I did anything wrong - but fortunately the trade seems to have gone through ok...
The Isolated trade on Binance allows me to borrow 10x the amount I have transferred into my Margin account. My question is, does the Liquidation Price (shown in the Positions tab) trigger when I have lost all of the money in my Margin account, or, can it access the money in my Spot account as well?
So my question is really... When making a short trade through Binance Margin, am I putting my Spot account at risk or just the money in my Margin account?
The Isolated trade on Binance allows me to borrow 10x the amount I have transferred into my Margin account. My question is, does the Liquidation Price (shown in the Positions tab) trigger when I have lost all of the money in my Margin account, or, can it access the money in my Spot account as well?
So my question is really... When making a short trade through Binance Margin, am I putting my Spot account at risk or just the money in my Margin account?
Looking for a site showing buy and sell zones for different crypto's (TA)
I have been using Sheldon's (from Crypto Banter) charts on CoinPanel to give me an idea of when to buy and sell (take profits) for different coins/tokens. This obviously hasn't paid off recently but I expect this kind of tool will help me massively if and when we go into the next bull run. Please see a link to a screenshot showing what I'm talking about below (I can't work out how to put the image in the post!):
https://postimg.cc/7bT2gDR6
The above example shows BTC/USDT a couple of weeks ago but I could also access entry and TP points on numerous other coins/tokens as well. Unfortunately my one month trial on CoinPanel has expired so I can no longer access Sheldon's charts....
Does anyone know of anything similar to this that I can access for free?
https://postimg.cc/7bT2gDR6
The above example shows BTC/USDT a couple of weeks ago but I could also access entry and TP points on numerous other coins/tokens as well. Unfortunately my one month trial on CoinPanel has expired so I can no longer access Sheldon's charts....
Does anyone know of anything similar to this that I can access for free?
Ah yes it looks like the 'stop market' option is available on the 'Futures' screen but it won't give me access to all coin/token trades in 'Futures' from what I can tell. If I want put a 'stop market' sell order for the SPELL/USDT pair for example - is this not possible?
Apologies I explained this incorrectly - I shouldn't have used $1 as the LIMIT example as that was way too high!... Basically what I'm asking is, using SPELL/USDT as the example, if I want to put a stop limit order to sell if/when SPELL goes down to $0.0062, what happens if I put the STOP amount as $0.0062 and the LIMIT amount as $0.0001? My understanding is that putting the LIMIT so low will essentially make this a 'stop market' order as a) it will sell as close to $0.0062 as possible but maybe just under, and b) putting the LIMIT so low will essentially mean that the sell order is bound to go through.
So, with the above example, even if I've put the LIMIT as $0.0001, it should still sell somewhere near the STOP price of $0.0062 so I would expect it to sell at $0.0062 or $0.0061... and there should also be no danger of it not selling because it will keep trying to sell right down to $0.0001.... Have I understood this correctly?
Yes, you are absolutely right with that explanation. However, I don't think you need to set the limit price too low at $0.0001. Maybe this is okay for an exchange that has a high trading volume like Binance. What I'm worried about, is that you apply it in a low-volume exchange, the opportunity to sell at the lowest price is very possible. Just set a limit price at a fair value (you can afford to sell at that price). So, with the above example, even if I've put the LIMIT as $0.0001, it should still sell somewhere near the STOP price of $0.0062 so I would expect it to sell at $0.0062 or $0.0061... and there should also be no danger of it not selling because it will keep trying to sell right down to $0.0001.... Have I understood this correctly?
Ok... thanks for your help