Futures Trading is not for everyone

[tvplus006]

...It is because of this I am against using leverage because it goes against that rule and it can cause irreparable damage to your account, and the case of the OP is just one more example of this being the case.

If you allocate 1% of your deposit to the order, it does not matter whether you use leverage or not, you will not be able to lose more than 1%. Leverage will simply bring your liquidation closer in proportion to its size, if the price moves contrary to your expectations.

[1714877505]

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[1714877505]

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[distr@yopmail.com]

all trading in the crypto market I guess is risky. but in futures trading, I think the risk will be greater. It makes anyone who will trade futures know that they must be prepared to lose their money.
Futures trading requires better skills, not just guessing the direction of market movements and playing our luck. If so, it looks like gambling.

[Taskford]

all trading in the crypto market I guess is risky. but in futures trading, I think the risk will be greater. It makes anyone who will trade futures know that they must be prepared to lose their money.
Futures trading requires better skills, not just guessing the direction of market movements and playing our luck. If so, it looks like gambling.

They need to know the risk because if they live on unrealistic thought that they might became rich with this then maybe we can see them losing at the end. But if they can't really hold up the market pressure then futures is not for them because sometimes emotion is our big enemy that's why it always recommended for newbie to stay on spot for a while and learn more skills there.

[tygeade]

Some people think that its easy to do buy and sell since this is what other experience people portray about how they can earn huge money on their trades. But reality hit them hard because for sure they find trading is a hard path to take especially when market is on bear market condition which other people sentiments can contribute for peoples reaction to get panic and take wrong decisions.

The difference is that there are a thousand people that lost money or earned very little compared to just that one guy who earned a ton of money from a lucky trade, but at the end of the day when you open your social media accounts you will see that one guy that made a ton of profit and not the other thousand ones.

This is the problem, people do not realize that it is not going to be an easy task and they need to end up finding something that is a bit more relaxing in order to get used to, not a major one. If you aim at making 10x as your first investment then you are going to end up losing a lot of money but if you end up looking for 10% then you will do fine.

[Quidat]

Some people think that its easy to do buy and sell since this is what other experience people portray about how they can earn huge money on their trades. But reality hit them hard because for sure they find trading is a hard path to take especially when market is on bear market condition which other people sentiments can contribute for peoples reaction to get panic and take wrong decisions.

The difference is that there are a thousand people that lost money or earned very little compared to just that one guy who earned a ton of money from a lucky trade, but at the end of the day when you open your social media accounts you will see that one guy that made a ton of profit and not the other thousand ones.

This is the problem, people do not realize that it is not going to be an easy task and they need to end up finding something that is a bit more relaxing in order to get used to, not a major one. If you aim at making 10x as your first investment then you are going to end up losing a lot of money but if you end up looking for 10% then you will do fine.

Even though people do see on that single person showing off his big profits in future trading then it does really give out that big or significant impact to those other thousand people which
they do really believe that they could really do it and they've been that too excited and ending up on trying it out until they do bust out theirselves into futures trading and realize
that it was never been easy thats why they would really be that careful in next time whether they would sustain on doing futures or would totally avoid it on next time and would rather
focus on spot trading first before touching futures which its a thing that a must because you cant really able to handle yourself to be good into futures if you dont have sufficient skill.

[newdevices]

yes futures trading is not for everyone!,
because futures trading is only for people who have the skill to read the technical analysis,
and it is also still very risky because prices are much more volatile, for those who still can't have that skill,
my advice is not to be in futures trading, better on the spot market.

[_BlackStar]

I don't blame you and your losses on future trading, but I am grateful that you did learn a lot from those mistakes. Futures trading is interesting because some people with great luck can make big profit, but the risks are huge when you don't know what to do when reality is not what you expected.

I have said several times that I am not very into trading despite the features it offers. Investment is a safe choice when we don't want to gamble expecting high leverage luck.

[Kopetunto]

indeed futures trading is not for someone who has just played in cryptocurrencies,
because the risk is too big I would suggest not trading futures, if you are being shown off by people, just ignore it,
learn to trade on the spot, if you always get a profit then that is up to you.

[usekevin]

To became a professional trade,you should learn for many times.People with less knowledge in trading do day trading with 50-100$ as the initial stage.Loss of little money will be accepted one in trading as a initial stage.After you had earned enough knowledge in trading,you can risk with the high money.At that time,the chance of earning huge money will be increased.

[NicNacCoin]

Not only future trading it's also clear that trading is also not for everyone When the person goes into trading with little knowledge. There is no saying that little knowledge is dangerous. There's one more reason that is greedyness. Many times people get greedy and face huge losses by trading in the wrong place. And future trading is more likely gambling and it's kind of difficult from spot. So I think every benigner should start with spot don't go future at first Otherwise you will be also face the same .

I tend to agree. And it was wrong to underestimate trading and just think it was easy because many had failed and left after losing a lot.
If we are already confident in spot trading and already earning some, we better stay there and consider this the right place for us. Maybe we can try future trading as we already have some experience and also to know which is better. But for beginners, this is a wrong decision and just encourages them to go first spot trading.

Some people think that its easy to do buy and sell since this is what other experience people portray about how they can earn huge money on their trades. But reality hit them hard because for sure they find trading is a hard path to take especially when market is on bear market condition which other people sentiments can contribute for peoples reaction to get panic and take wrong decisions.

Yes there are many people who think future trading is very simple and easy.They lose all their money while editing future trading thinking it is simple and easy I myself have seen many people who have nothing or no knowledge about trading in their head have also traded in this future trading.I saw them lose their money before my eyes.Futures trading is one type of trading where you can never trade without experience.You need to be a good trader to trade futures. Must have market analysis skills. And with all coins always be engaged in analysis but you can survive by trading futures.

[Mpamaegbu]

I now officially accept that I am far from been a pro trader, at least that's what I thought 🤔. 

Don't beat yourself that hard. Your problem was that you got carried away by the victory of the previous day. I guess that made you risked more than you could carry because you felt it would net you more profit. I believe in that axiom of slowly winning a race. Don't be in haste to hit a jackpot. Take it slowly. Now that this setback has happened, you shouldn't run away from futures trading because of that. All you've to do is correct the error that led to your loss. Stick to a trading plan and maintain money and trading discipline. Netting even $100 daily is a huge achievement, even when it's on a $5k account. You did more than that on a mere $300. Don't try to over stretch your expectations next time.

[RealMalatesta]

I now officially accept that I am far from been a pro trader, at least that's what I thought 🤔. 

Don't beat yourself that hard. Your problem was that you got carried away by the victory of the previous day. I guess that made you risked more than you could carry because you felt it would net you more profit. I believe in that axiom of slowly winning a race. Don't be in haste to hit a jackpot. Take it slowly. Now that this setback has happened, you shouldn't run away from futures trading because of that. All you've to do is correct the error that led to your loss. Stick to a trading plan and maintain money and trading discipline. Netting even $100 daily is a huge achievement, even when it's on a $5k account. You did more than that on a mere $300. Don't try to over stretch your expectations next time.

I agree, there are many people who end up making a good little success and live with that until they lose it all. The idea of making a profit once gives people confidence that they can't find anywhere else and this causes them to work harder to make that happen again. It is not going to happen because we are talking about a big fail, and if we end up with a big fail then how could we end up with a good profit later on?

We will lose our confidence because of that fail. So do not make the wins give you overconfidence but do not let the losses cause you to lose your confidence neither. Make sure that you are in just the right spot and not get affected by any of the results.

[LUCKMCFLY]

If you are a crypto trader using spot I advice you should stick with it till you become a professional trader, just because you start futures and win three rounds of short or long buys doesn't mean you are officially a pro trader....

I thought I was a pro coming from spot trading, I used 300$ which I planned to use to DCA into a project but a man can dream, my first attempt was successful, which net me 50$ and the second was 100$, the third round was 40$ and I close the trade for the day...

On the second day I lost everything, I now officially accept that I am far from been a pro trader, at least that's what I thought ??. 

I remember someone, it was last year when me and my friends started to try futures, at first it is very interesting and profitable but  if you are very greedy you will max the leverage and sometimes makes it cross which I regret. I tried to use ONLY 10$, I instantly make it $350 after that I am very happy and that greed of me say to max my usdt and click 75x cross, in an instant all of my money was gone. Futures is not good for beginners I agree with that, it is not good for someone who has a short temper like me, it is very hard to control yourself if you can see that green pnl.

Well really this is something that is to attract attention, I am not capable of doing something like that, really my maximum leverage is x5 and I am very scared, I think that a person who does this is because he must have apart from knowledge a lot experience, because as you say, in seconds you can lose everything, I do long-term trading and that is something that gives me time to be able to place and remove my orders, it gives me some slack to do so, and yet sometimes I lose because of what I decided not to operate until I see clarity in the operations, actually what I could do right now is copy trading, because I really have no idea what could happen in the market.

[Strongkored]

To became a professional trade,you should learn for many times.People with less knowledge in trading do day trading with 50-100$ as the initial stage.Loss of little money will be accepted one in trading as a initial stage.After you had earned enough knowledge in trading,you can risk with the high money.At that time,the chance of earning huge money will be increased.

When traders feel pro and increase their capital to trade, not only will the profit that they may get bigger but also those traders have increased the risk of losing it. Haven't tried futures trades yet but I thought that would be riskier than spot and traders who aren't prepared for losses would be better off just trying spot trading.

[Dr.Osh]

Well, as far as I know, futures trading wins are based on analysis of prices that will occur in the future, and the analysis and speculation that you do will determine your winnings in this trade. it made me think the risk was too big, and I'm the type of person who isn't too keen on taking big risks, and felt this wasn't for me. however, I also feel that futures trading is suitable for people who are smart in analyzing and dare to take very big risks.

[FlamingFingers]

all trading in the crypto market I guess is risky. but in futures trading, I think the risk will be greater. It makes anyone who will trade futures know that they must be prepared to lose their money.
Futures trading requires better skills, not just guessing the direction of market movements and playing our luck. If so, it looks like gambling.

I do tell people that future trading is more or less like a gamble in my opinion, most especially if you are using high leverage. No matter how good you are in technical analysis and fundamental analysis, you will experience liquidation in future trading, reason is because the manipulation there is way too much. Future trading requires few percentage of technical and fundamental analysis, emotions plays a huge role in future trading, its easier to get rekt if you cannot control your emotions why trading futures

[AbuBhakar]

all trading in the crypto market I guess is risky. but in futures trading, I think the risk will be greater. It makes anyone who will trade futures know that they must be prepared to lose their money.
Futures trading requires better skills, not just guessing the direction of market movements and playing our luck. If so, it looks like gambling.

I do tell people that future trading is more or less like a gamble in my opinion, most especially if you are using high leverage. No matter how good you are in technical analysis and fundamental analysis, you will experience liquidation in future trading, reason is because the manipulation there is way too much. Future trading requires few percentage of technical and fundamental analysis, emotions plays a huge role in future trading, its easier to get rekt if you cannot control your emotions why trading futures

It’s really a gamble because you are trading with liquidation to your position margin while the liquidation ratio is very tight when you have low margin or high leverage. Spot trading is the only legit trading for me because you can’t burn your money no matter what will be the price of the token that you purchase unless you convert your paper loss to realized pnl. I never touch the future trading feature of my exchange account after suffering liquidation even if I’m just using low leverage.

[Oshosondy]

No matter how good you are in technical analysis and fundamental analysis, you will experience liquidation in future trading, reason is because the manipulation there is way too much.

Future trading is more like gambling, you are not wrong, but it is not gambling. Just that future traders needs to be careful, learn how to use technical analyses and also be able to use low leverage.

Assuming if a future trader is using 1x or 2x leverage for future trading, if he is only trading low risk assets like bitcoin, it is very slim and hard for his asset to get liquidated, all he can experience is loss or profit, some people still believe in what they analysed, but analyses can fail, such people can be sentimental at times and the market will correct itself towards the position taken and they will make profit.

I am not saying future trading is easy but it is possible for traders (experts) to trade and their assets not get liquidated.

[sumant]

Yes I am totally agree that future trading is not for everyone because of its risk position. Leverage in future trading goes from 1 to 100%. you have to take 5 or less leverage to be in trading but many traders will definitely go higher in leverage and loss their money. Future trade is only for a experience and well trained traders.

[ItsCrafty]

Future trading is not a good choice to do, there are so many people who become the part of future trading and has lost their whole income. Actually it is about the supposition of worth that the value of certain coin will reach to this value. So this supposition is not right for every individual because its a type of bet and not the actual prediction. There are so many issues related to the future trading so in my opinion its not a good option to make good cash.