Am I missing something ? futures trading

[Alanin]

Hi
some of you guys may remember me I'm the guy who said it almost seems impossible to buy bitcoin because of some conditions and got a lot of good response from the forum.
I ended up doing a full verification with a local exchange and it turned out to be pretty easy after that.
anyway since then I put a lot of hours on learning about futures trading , talking to a lot of people with experience , watching and monitoring the scales and price changing and how it acts , putting a lot of hours in binance testnet and etc . after about 3 months I felt ready and decided to actually put something in . I traded very safe (although there is no 100% safe in futures trading ) , had both loss and profit and after a week I doubled my investment and it felt pretty easy . although I didn't put in a lot it was 100 bucks .
now my question is this : should I go bigger and put more in or still go small ? because this looks really promising to me . am I missing anything here ? does everyone makes this profits at first ?
and keep in mind I'm solely doing this because the university is closed due to covid and I don't have much to do at home . this was more of a hobby since the start I'm not looking to make career out of this .

Just dont forget to make use of the stop loss/profit option, in order to stay out of liquidation. And dont make the gap too small, as people sometimes buy alot in bulk. which can cause spikes in the graph.
Just yesterday tezoz/usdt dropped from 2.7$ to 2% in 1 minute, which caused alot of traders to get liquidated.

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[abel1337]

Hi
some of you guys may remember me I'm the guy who said it almost seems impossible to buy bitcoin because of some conditions and got a lot of good response from the forum.
I ended up doing a full verification with a local exchange and it turned out to be pretty easy after that.
anyway since then I put a lot of hours on learning about futures trading , talking to a lot of people with experience , watching and monitoring the scales and price changing and how it acts , putting a lot of hours in binance testnet and etc . after about 3 months I felt ready and decided to actually put something in . I traded very safe (although there is no 100% safe in futures trading ) , had both loss and profit and after a week I doubled my investment and it felt pretty easy . although I didn't put in a lot it was 100 bucks .
now my question is this : should I go bigger and put more in or still go small ? because this looks really promising to me . am I missing anything here ? does everyone makes this profits at first ?
and keep in mind I'm solely doing this because the university is closed due to covid and I don't have much to do at home . this was more of a hobby since the start I'm not looking to make career out of this .

If you are pretty confident with your trading experience on binance testnet, You are free to put capital as much as you can, But remember that you should only put the money you can afford to lose, It will be hard for you to risk the money you shouldn't lose. It's also not bad to put small capital first for more trading experience. It's nice for you that you doubled your capital. Just remember everything takes time and always trust the process.

[famososMuertos]

If your capital is $ 100, $ 1000 or whatever, always try to be consistent with your investment management strategy, the amount should never be an excuse to say, it was only $ 100, on the contrary you have to review and keep in mind that what is really It is important to know that if I use $ 100 it is because I had determined so.

Never take an amount that is not important. Always train yourself as if your life depended on every penny you invest.

GB.

[Mahanton]

Be cautious, some traders started exactly the way you felt right now, some quitted on the latter, and some proceeds. I understand this is quite an excitement reaction after doubling your profit from trading. So, from that, yeah you're doing a good job. But, always remember not to get overwhelmed and trade with a higher volume without practicing your risk tolerance.
My advice to you is to continue what you're doing. Practice, analyze the technical and fundamental aspects, market movements and sentiments. Experience will lead you to a professional trading career, who knows, you have a lot of time.

To my experience this might continue in two different ways. Either he will be very disappointed after first big loss and quit trading either he will realise that trading isn't only profit, that it takes a lot of hard work and learning, that there are hard times too and he'll become dedicated to trading. Every person who just starts trading reacts in different ways on challenges that come along.

You are right! People does have different approach when they do face up challenges in life.Some might quit directly when they do experience loss in first try but some do still continue and do accept
since they know that its been a part of the game.For op then he shouldnt really have that kind of feeling of being pumped up because this will really lead to carelessness.He might think that
it is just to easy to make money and now he decided to add up more into his capital.We know that this will really takes time to take grasp on anything.You cant just get the full idea in just few tries
or few days of trading specially in futures.You wouldnt know on where the price will be heading next hour,days,week,months and so on.

[Krislaw]

should I go bigger and put more in or still go small ? because this looks really promising to me . am I missing anything here ? does everyone makes this profits at first ?

It's good that you gather knowledge first before entering trading, because its the common misconception among newbies trying something they don't know that's why they loss their investment easily, if you know your stuffs you can double the investment but it depends on you on how much loss are you willing to take, it's very volatile so make a stop loss, and experience is a great thing if you harness the skills, knowledge, patience and your intuition you can take decent profits from it.

[Neconic]

Wasp, there are profitable strategies with futures trading, simply by combing short and long positions. I know this from forex, however never tried one with crypto currencies. It would be nice to hear your experience with it. Good luck

[MCobian]

I suggest you keep using small capital, Do not let the profits you make are lost due to your greed by increasing the amount of
your capital to be bigger. Because the profits you get from futures trading do not make you great. It's still too early to conclude
that you have mastered futures trading, unless you already have more than 5 years of futures trading experience just safe using
big capital.

[Ridwan Fauzi]

Same like me here, in this months I got 20 time profit and 4 days I got lose and the rest I wasn't trade. It seem profitable since I just kicked in my job due to covid 19.

I just thinking that I'll continue to gain a profit and repeat my privious trade as I long as I always learn something new and fix all problem that I did before.

There are a lot of thing to consintent getting profit on future trading. The profit that offer is really high indeed but don't forget with the risk as well. I always put the stop as close as possible in my entry point it means I should know where the best time to entry, yeah I think that's all.

[Dessy88]

Do you consider from your own consciousness that success is easily achieved without skills, knowledge? So there will be losses in the first place, but you can reduce the amount of losses if you have to learn more about trading. I didn't have to incur losses at first because at that time I was trading without excitement but after a while I had to count the losses. However I think small capital should be used to trade first and you can raise it later.

[nelson4lov]

To OP and everyone else who are considering getting into futures trading or those that are in and are considering go bigger. Here's a couple of pointers from my experience:

1. You need to know how to trade : I don't mean knowing just enough to click buy or sell on exchanges. Like other forms of trading (spot and margin), futures trading also involves using both fundamental and technical analysis (tools likes support, resistance, trendlines, indicators, chart and candlestick patterns, etc). Knowing these, even if it's just the fundamentals will increase your odds compared to when you're just buying /selling blindly.

2. Proper risk management:  One bitter lesson I've learnt the hard way is that, you can lose money as quickly as you make them. You need to have a risk management strategy in place so you don't end up losing all of your profits back to the market.

3. Position sizing: This is also an important aspect to take note of. You need to have a trading system and strategy that will help you figure out how much you would be using per trade. It works better with proper risk management too.

You can keep learning as the learning never truly ends as the market is always evolving. Like I said, you can lose money as quickly as you make them. So it's best to stay discipline and not let your emotions cloud your judgement.