Question about futures

[Ben Barubal]

Hey guys!
I have a question... do you think it's a good idea to invest BTC in futures now? With 3x leverage so as not to run as much liquidation risk?

Or do you think it's better to put my €100 in a wallet and wait?

Thank you for the help!

      The answer to your question is very basic: if you do not know anything about futures or trading, do not enter futures trading because it is very complicated. It is better to start with spot trading first. Many newbies try futures right away and end up wrecked.

      Because most newbies are stubborn, they think that their narratives are right for immediately entering the future. Investors who think of making a lot of money immediately or getting rich in a short span of time have a wrong mindset.

[malah]

Hey guys!
I have a question... do you think it's a good idea to invest BTC in futures now? With 3x leverage so as not to run as much liquidation risk?

Or do you think it's better to put my €100 in a wallet and wait?

Thank you for the help!

      The answer to your question is very basic: if you do not know anything about futures or trading, do not enter futures trading because it is very complicated. It is better to start with spot trading first. Many newbies try futures right away and end up wrecked.

      Because most newbies are stubborn, they think that their narratives are right for immediately entering the future. Investors who think of making a lot of money immediately or getting rich in a short span of time have a wrong mindset.

Trading futures has a higher risk than traditional trading. If we take the wrong position, we can be sure that the money we use for trading futures will be lost. So when we don't have much time to always monitor the exchange, don't ever trade futures. We recommend using traditional trading to be safer.

[justdimin]

No time is bad to trade your futures and margin markets, it all depends on you, especially on your preparedness in areas like speculation and management. Trading is always active whether we like it or not, but if it is a long-term buying and holding you are looking for, well, based on my experience, this is not the right time. The right time was the time the market was still very low. Those are the times the market was trying to change its trend, which was around late 2002 and early 2023.

If you had planned your trade well then and opened the trade, then it would have been good for you as you would have made money conveniently and might still be holding your buy position. What I do in such a situation is to look for the right support and resistance level to locate my stop loss while I buy the market. That stop loss will be very tight should in case my speculation is wrong. This is often done on either the 4H chart or on the 1D chart and it has been very productive.

Besides, you should use the risk-taking rather than the leverage, the leverage calculation often confuses as with 3x leverage, you can choose many risks unless you are referring to the maximum risk permissible by it, try to be specific next time. In all, if you use the leverage at the full stretch, then you might still get liquidated soon enough as €100 is little to plan such a trade with Bitcoin.

Yeah, it is not about the time but about how you are dealing with the situation. Some people find it quite well and some people find it not so great. I think it is clear that we are going to end up with a good result if we are a good trader and bad result if we are a bad trader, that seems like the most likely situation in the end.

Of course that doesn't mean that we are going to end up with a greater result just because we are a good trader or terrible if we are a bad trader, sometimes luck happens and if you are unlucky then you lose no matter how good you are or you win no matter how bad you are if you end up being lucky. The overall result still depends on how well you are as a trader though, so it is not about timing at all.

[poodle63]

Hey guys!
I have a question... do you think it's a good idea to invest BTC in futures now? With 3x leverage so as not to run as much liquidation risk?

Or do you think it's better to put my €100 in a wallet and wait?

Thank you for the help!

      The answer to your question is very basic: if you do not know anything about futures or trading, do not enter futures trading because it is very complicated. It is better to start with spot trading first. Many newbies try futures right away and end up wrecked.

      Because most newbies are stubborn, they think that their narratives are right for immediately entering the future. Investors who think of making a lot of money immediately or getting rich in a short span of time have a wrong mindset.

it depends really if you trade spot with $100 it probably not gonna give you meaningful profit or in other word just wasting time, what make future trading so interesting is the fast paced style of investment, you profit from the margin, you also being given chance to leverage your capital at the cost of higher chance being liquidated, I think thats fair game.
if the newbie is greedy and always think too highly of their own capability even trading spot they still can caught off guard and become broke.
its all about mindset on how to better trades, future is advantegous, eventually people who trade spot gonna try future to maximize profit or get that chance of multiplying the profit.
you get advantage of profit at the cost of risk while in spot you get advantage of safety at the cost of time.
thats why knowing the basic first is always recommended, like you said, before venturing into future trading, try to understand it first.

[bettercrypto]

Hey guys!
I have a question... do you think it's a good idea to invest BTC in futures now? With 3x leverage so as not to run as much liquidation risk?

Or do you think it's better to put my €100 in a wallet and wait?

Thank you for the help!

My question to you is: do you know anything about futures trading? It's not just knowledge; you must also have deep knowledge of trading, because that's complicated if you tell me that all you know about futures trading is an idea.

Do you know how to use cross and isolate correctly? because for me the safest leverage is x2. Besides that, you should also know where the proper situation is for cross and isolated.