Why is my balance dropping if I’m not losing trades?

I never really thought about trading fees until I took a closer look at my trades from last week. I wasn’t even taking big hits, but something felt off with the outcome. That’s when I realized how much I was losing to fees just from jumping in and out of trades way too often. In a market like this, it’s super easy to overtrade without even noticing. You think you’re being smart about risk, but those little fees keep piling up in the background. Someone brought up VIP tiers to me recently (I checked out Bitget for this), mainly because fees can vary a lot for active traders. Still trying to figure out if it really makes a noticeable difference over time or if it’s just a nice idea that sounds good in theory. For those of you who trade a lot, have you ever gone back and really checked how much those fees impact your overall performance?

I can easily check the trading history if I see something off. I know the fee percentage and I can easily know when it is deducted from my trading fund. For lower fee and some zero fee for some trading pairs, I use MEXC instead But I like exchanges like Bybit which will show your PnL are showing with the fee separate and hidden while closing position.

To engage on trade is not free and that is why some of the exchange gain more from all these attempt we make because as we are exchanging currency to another they are making their profit even when we less expect them to do so, it's also depends on the kind of trading we are doing if it is a sport trade or a future trade, I would like us to also put attention more on funding rates for those that are into future trading because this aspect also is very crucial to pay more serious attention when we are being charged of some fees according to the trade funding rates demands.

To add to the discussion, fees are not the only thing that causes your balance to reduce. There is swap charge or fee too. This is different from trade fee, so it gets accumulated for trade that is rollover the night. That is, if you don't close your trade and it gets to the next day trading day, swap is added to it different from trading fee. It also depends on the lot size you traded with. The bigger the lot size, the bigger the swap charge. It is proportional to the percentage of the risk you took.

That's why it's best to choose a good and reliable broker. It's very much possible for them to take high amounts of fees per every single trades you take. Same goes for night trading or weekend trades. The fees on most brokers are usually way too high that I just simply stick to my day trading and immediately it's night hours I'm out and waiting for my next setups. Though we have some brokers who don't take fees for over night trades though. I don't use biggest so I can't really tell how it is over there. I'm more of a bybit trader..

Yes, I normally check but not all the time, there was a day I held a trade for 24+ hours  because initially I was not on profit, that was why I held the trade for that long, else I don't hold a trade for too long. So, after I closed the trade with a small profit that I made, I noticed that my balance no longer correspond with what I was supposed to have, so I checked my history and I observed that the fees for that trade was collected 4 times at different timing, I sum up all the fees and the amount was high for me. Last month, I still experienced the same thing, fees was charged twice for a trade I held for just 3 hours, the fees was not significant but was noticeable that was what even made me checked the history.

In addition to the amount of the commission, it is necessary to pay attention to the funding, which is set by the exchange in futures trading. And if the funding is high, which is usually the case when trading new coins and meme coins, then the amount paid for funding may be higher than you will make a profit.

No, this is strange unless you trade on an exchange that has low liquidity and wide spreads, high leverage, or also you hold your active position for too long. Not losing can mean not making a profit, or that the profit target set is too low. So which one?

I'd like to hear how much you actually lost. Where did you trade? What's the percentage of your money going into fees vs actual profit? I find it hard to believe that your margin drops that much just because your trades don't end up with profits. I guess it depends on how you trade, too. I don't think you'll execute your trades when the price difference is 1%, though. So I'm not sure if exchange fees will take a lot. Anyway, having data will help a lot. I'm sure experienced traders keep a record of their trades. Either on sheets or somewhere else.

so, this is the main reason for creating this thread. Bitget is the worst platform, and their current promotional campaign management is blatantly spam. You have been added to my ignore list, and I hope that continued spam will result in Bitget being banned.

If people don't pay close attention on his post they would really fall from the story he created here, but looking at his post history it shows that he's usually shilling Bitget here. So there's provably a chance that this is another shilling attempt and just posting some concerns just to gain attention from people. But obviously this kind of shilling attempts will never work, since people will have bad impression on the actions they made. So instead of doing this cheap action much better if they invest to make their service became more better and also spend lots of money to do proper marketing.

They are spamming the forum with their made up stories just to highlight Bitget. They change to this type of promotion after closing their signature campaign. Instead of paying users to promote their product using a legit service, they use a spam fest method probably hiring some spam service that charge cheap fee for made up story about their trade. It’s their pattern to always mentioned Bitget in every opportunity they can get.

I’ve come to the conclusion that the bigger and more "hyped" the exchange, the higher the fees. That’s why I look for reliable, mid-sized platforms. Beyond just the fees, they often have much tighter spreads in the order book. A wide spread can actually bleed your account faster than commissions. You can see it yourself: when you buy at market price, your position is immediately in the red. Your total losses also depend heavily on trade frequency. For example, I trade on Cryptomus with a 0.04% fee. If my position size is $1,000 and I execute 100 trades, I’m paying $40 to the broker. When you factor in the spread, your total "drag" can reach 10%. It’s incredibly difficult to generate that kind of profit intraday just to break even, even if your win rate is high

I usually always check how much in trading fees I’ll incur for every position I open. So from the start, I always factor in the potential profit percentage after deducting trading fees. This allows me to determine where to set my take-profit order based on the calculated profit percentage, and I also set a stop-loss order at that point. However, if there’s an option with no trading fees, I usually prefer to choose that. Even if, for example, it’s on a trading pair I’m not very familiar with, I usually start analyzing it and getting used to it. For instance, zero trading fees on Binance for the BTC/USDC trading pair and many others when using the USDC stablecoin in futures trading.

I can check the fees in the trading history and not see high fees. I can accept the fees and that is the risks of paying the fees in the exchanges. Perhaps we may see the differences of the fees in each exchange. If you can profit from trading and that is decent amounts, you don't have to thinks about the fees. You can continuing to trade and focusing to make more profits. The fees will be there but you should select the low fees trading in the exchanges so you will not have to pay the fees that you don't like.

It's alright to notice this in time so as to prevent further losses in terms of compounding fees that you don't see amount to anything at the moment and you can be practical to avoid future scenarios by using limit orders, using native tokens like BGB to pay fees and hold with a potential to get a discount and you can lastly maintain a trading journal so as to know if your net profit vs your gross profit are satisfied. Your net profit is negative while gross profit is positive, then you are obviously using a good and working strategy that prevents or shields you from losses occasioned by compounding trading fees.

I'm not sure if you're trading futures or spots, but if you trade futures, the fees are much lower, but the funded fees can be huge at times; either they'll pay you or you'll pay. Please keep in mind that regardless of your VIP status, funding fees will still apply every 8 hours while holding your position. So this might be the reason why you are losing if you hold your trades too much in future trades. About spot trading, if you trade as a taker, then you are paying more than someone who trades as a maker. If you are using market orders mostly, then your fees will be calculated as a taker, unlike the limit orders. The disadvantage of using market orders is that you have less control over the price and will always encounter slippage. However, I believe you are trading futures and did not notice the exchange until your balance had dropped slightly after a few hours. I trade on OKX; they settle the fees every 8 hours. That's why you should avoid overtrading. As they say, it is far better to trade quality rather than quantity. And always keep your profit higher than loss.

I have opened an account with Bitget and have traded many times, but I don't think Bitget is charging too many fees beyond my affordability, or that trade fees are very significant. All centralized exchanges charge very low trading fees, so we don't care about them. If someone trades millions of dollars in coins, they have to pay a lot of trading fees, but for those who trade thousands of dollars, the trading fees are not such a big issue, though I've never checked the trading history. It's not that important to me because it’s not affected me.

It turns out that more people are disappointed because Bitget is not professional in managing the Exchange Platform. I also had trouble with withdrawals, when I entered the wrong withdrawal Pin, the Customer Support was also not very active to answer and only bots. It takes a long time to solve the problem. And on Bitget wallet I also experienced bad things with Daaps phishing that appeared on the Bitget Wallet homepage as if it were Daaps Official, many fell into the trap and luckily I saw a strange and incomplete link to connect my wallet.

Maybe you are also doing some future trading cross margin? Cause in that kind of trading your margin balance was also being reduced by your position especially if your open position is losing in numbers. But trading fees different on both spot and future trading. Well for spot Im sure the tier is depend on your registered account. The more fees are for those lower tier while VIP higher account have less fee deducted due to tier level.