Am I missing something ? futures trading

[wasp_idol]

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 .

[ReiMomo]

should I go bigger and put more in or still go small ? because this looks really promising to me..

This question will depend on you, if this amount that you allocated for trading is the amount that you can afford whatever happen win or lose and I guess, that doesn't matter at all.

~..does everyone makes this profits at first ?

You cant assure that to have profit in trading, because you dont know what will happen and you don't have control in the market, trading is just a sort of gambling, it's very risky. But if you know how to handle with it, it is easy to gain profit on trading.

[Bitcoin_Arena]

First rules of the game; Put in what you can afford to lose in case things don't go as planned.  Crypto markets are so unpredictable and very volatile, You can make a lot of profit or lose it in a very short time frame.

If I were you I would keep with the small amount until i master and get used to the movements of the markets. I personally Lost slightly over 10 ETH when i was learning futures trading  but my profit making got better with time.

[Oilacris]

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 a piece of advise on where you shouldnt let yourself get too confident just because you had profited into your first or initial trials on future trading.Its good that you do make out some money on there
but always put up on your mind to play or trade safe.

Yes, theres no such thing about totally safe but minimize risk as possible.Dont go big or all in and just stick on what you had done in the past that makes you earn.If your capital becomes big
then you should decide to increase a little bit percentage on what you had put up but of course you should be aware that mistakes or losses are inevitable.

Always have a back up plan and dont go all in.

[shield132]

OP, the problem is that you are too excited and you forgot one thing: It's important to be patient and seems you are asking this question because you are impatient and at the same time want to get approval from people too, to say on another hand, you want to hear what you want to hear.
But, please, don't get so excited and confident about the fact that you doubled money, this automatically doesn't turn you into professional trader. When you see one martlet on the sky, it doesn't mean that spring has come.

Also, just want to say:

[Ryker1]

OP, the problem is that you are too excited and you forgot one thing:

Well, that is right, there is nothing to hurry in trading. Just accumulate first and obtain knowledge from other experts. Trading is not a simple task to do, --it is required them to spend more time searching and reading on how to know certain strategies that perhaps you can apply and become successful traders.
Binance trading site is the right exchange, but it is not guaranteed for you to earn sure a profit, trading is like having a competition to each other and those weak traders are the prey to the predators.

But don't be like this:

^{[do not be a prey]}

[Oasisman]

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.

[Kelvinid]

If you are looking at this a big venture as you don't do anything aside from trading, well, you might consider it.

Being a trader, one of our goals is to make money from it, increasing our fund from $1000 to $2000 would something to help but we have to understand that we are also fueling it to higher risk as we can possibly lose them all.

But anyway, I'm not holding your idea but just giving you some hints about the possible incoming. However, I also assume that you know already about this as you have been exploring this quite long. If you have strong courage and determination, then why not? And just @Ryker said, "don't be a prey".

[GreatArkansas]

(...)
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 ?

As what popular saying said; "Trade at your own risk. Trade what you afford to lose. Invest what you afford to lose".
You still can't say that this coming days will be in your favor, I know some trade out there that extremely owning for how many months, but after weeks, months passed, they lost again and again.
If for me, I'll use my profits when I started, so I am nothing to lost, especially if I am still starting and don't have that money to put in trading.

[Wexnident]

ITS A LIE, PROFITS WHEN YOU"RE JUST STARTING ARE LIES.

Jokes aside, you should probably avoid the mentality of "this is pretty easy" kind of thing. Yes, trading could bring in massive profits, but that is if you were able to place your bets on the right place. It's ultimately up to you tbh whether you want to continue small or go for the big guns. Probably set a goal at first? Like not double your investment or anything, but rather a solid number like reaching $1000 from your initial investment. From there, you can try doing new things like betting big, but make sure you have enough funds to actually continue on the chances that you lose your big bet.

You're not really missing anything, it's just that you're new to trading hence it feels like easy (especially since you were able to double your investment). Take some time, you'd feel the frustration of losing sooner or later, so take it slow most likely.

[Savemore]

ITS A LIE, PROFITS WHEN YOU"RE JUST STARTING ARE LIES.

Jokes aside, you should probably avoid the mentality of "this is pretty easy" kind of thing. Yes, trading could bring in massive profits, but that is if you were able to place your bets on the right place. It's ultimately up to you tbh whether you want to continue small or go for the big guns. Probably set a goal at first? Like not double your investment or anything, but rather a solid number like reaching $1000 from your initial investment. From there, you can try doing new things like betting big, but make sure you have enough funds to actually continue on the chances that you lose your big bet.

You're not really missing anything, it's just that you're new to trading hence it feels like easy (especially since you were able to double your investment). Take some time, you'd feel the frustration of losing sooner or later, so take it slow most likely.

What he experienced is just a beginner's luck after all, the market will get back the profits that he made if he will not impove and develop the skills that a trader that should have. It is not good or I should say it is wrong to say easy just because you make profit, there are a lot of skills and knowledge that you should know in oder for you to become consistent in earning profits in trading. A professional once a disaster, do not expect that you are a professional trader just because you double your investment in a short period of time.

[rodskee]

First rules of the game; Put in what you can afford to lose in case things don't go as planned. 

Very true, manage your money where your emotion is ready
I mean make sure that you are
willing to take the risk when you put in your hard earned money
inside your investment.

Crypto markets are so unpredictable and very volatile, You can make a lot of profit or lose it in a very short time frame.

The very reason why doing your research and keep on learning
the process is very essential
Volatile nature also can be a good friend when you already have
the right knowledge to use.

If I were you I would keep with the small amount until i master and get used to the movements of the markets.

There's always a balance that OP needs to do, if he thinks he's willing
to take a shot proceeding in investing
much larger amount of money can be done with precautions, reading
from his statement, it seems that he
already have experienced he already suffered losses and able to overcome
fears so the outcome is good for him.

I personally Lost slightly over 10 ETH when i was learning futures trading  but my profit making got better with time.

Learning process, both hard and precise ways can give positive  results
if you are keen to learn more.
If you are willing and you are emotionally stable.

[Eureka_07]

It depends on how you really understood the market.
It may be a good time to start but if you are not so sure then do not go, wait and learn more.

I suggest that before you continue, practice yourself more.
Be Rational.
Make market predictions on your desired coin pair based from your self analysation technique, don't start trading yet.
If you had more correct predictions that's probably the best time to continue trading.

Practice Practice Practice.

[davis196]

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 .

Since you are viewing crypto trading to be more like a hobby rather than a full time job or career,then why are you asking this question?Keep it as a hobby and never risk all your savings.
I'm pretty sure that all your initial profits are based on luck rather than proper market analysis.
And please don't ask such "what to do with my money?" or "how to invest my savings" type of questions here.Nobody is going to take you seriously,if you don't know what to do with your own money.
Maybe you will attract some scammers,sending you PMs offering "high return of investments"....

[NotATether]

My opinion is, if you are still learning about futures trading and haven't mastered it yet, don't trade with your hard earned money as you will most likely lose it. Since identity verification isn't a problem for you, I suggest finding a broker that has futures trading and open a demo account on it solely for testing your trading skills. That way you don't lose live money.

[$crypto$]

If you are looking at this a big venture as you don't do anything aside from trading, well, you might consider it.

Being a trader, one of our goals is to make money from it, increasing our fund from $1000 to $2000 would something to help but we have to understand that we are also fueling it to higher risk as we can possibly lose them all.

But anyway, I'm not holding your idea but just giving you some hints about the possible incoming. However, I also assume that you know already about this as you have been exploring this quite long. If you have strong courage and determination, then why not? And just @Ryker said, "don't be a prey".

Must be consistent in trading in crypto because of course the huge risk that we will face later but if we have a strong determination in this case and have mastered the analysis of movements easily then I think it's easy to read, they also have to balance which coins are must be at stake in trading or at least see when bullrun conditions occur, opportunities for benefits must be made.

$1000 to $2000 is not easy, it takes a strong extra to find a coin like that.

[bitbunnny]

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.

[milandres0207]

First rules of the game; Put in what you can afford to lose in case things don't go as planned.  Crypto markets are so unpredictable and very volatile, You can make a lot of profit or lose it in a very short time frame.

If I were you I would keep with the small amount until I master and get used to the movements of the markets. I personally Lost slightly over 10 ETH when I was learning futures trading  but my profit-making got better with time.

Ye, you are correct mate I support your answer very well. Because if anyone can't afford to lose anything they are suitable to stay here for long because everything will just turn into nothing but waste garbage. However, when I do trade in the actual market I always make sure before at the end of the day I get profit.

[sheenshane]

If you feel good with a large amount of capital you started with, there's no problem with that. If you're using the large as your capital in trading, the bigger chance you will earn also huge amount. If you don't have experience in trading I suggest you choose an exchange that has a demo on trading or copy-paste trading for newcomers. Find it here the 5 Websites To Demo Trade Bitcoin With Virtual Money.

However, those replies above were right, be careful in trading, every single step you had is very crucial and in just a single mistake it might be wiped out all your money. Be precautious at all times, we know that high risk might possible high return but the problem is if you can survive towards risk.

[teosanru]

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 .

I am surprised you made profit in the very beginning. Generally most of the traders lose a lot of money when they start. But best thing you did was starting on Binance and Testnet for the first few months. You might have lost some money there but those learning helped you to perform better in the real market. You are absolutely not missing anything. This is what trading is and this is what traders do. Although it gets a bit difficult to double your money when you increase your capital but still you can take it upto 1k Bucks for sure. If you are confident that you won't blow it in a day or week. Go Slow and steady making small profits on daily basis you might be in losses a few times but key is to maintain a health risk/reward ratio and be profitable on cumulative basis. Remember no trader is ever able to survive merely in profits. Also stick to your strategy with discipline.