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Author Topic: Futures Trading is not for everyone  (Read 768 times)
Outhue (OP)
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July 29, 2022, 08:57:01 AM
Merited by KaliLinux (4), Asiska02 (3), aylabadia05 (1), Wincob (1), Trx3 (1)
 #1

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 🤔. 

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July 29, 2022, 09:18:55 AM
 #2

Addiction on future trading could lead to a tragedy. I myself is addicted to it when I realized some gains on it. For me its really easy money with a little short of time but other trades I also lose and unfortunately, I am more losing than winning eversince on future trade. I really thought technical plays a 100% on that but sometime its not enough. Even my prediction panned out the market works on mystetious ways. So I also agreed that before trying out better to knew 100% evetything about it. Its not about knowledge but the actual events on future sometimes make you question the high volatility of market and unpredictable movement.

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July 29, 2022, 09:25:39 AM
 #3

it is best to stay away from futures and margin trading

most traders lose money when trading futures, if they only use spot trading the loss won't be too big

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July 29, 2022, 09:52:02 AM
 #4

that's actually depend on the market. If you are greedy enough and you will be using whole of your money to trade in the futures. it's not about how big PNL you can make from there but it's about how consistence your profit from doing the future trade.
You shall always use around 10% from your all of your funds to trade in the future. I meant the hardest think is if the market was actually unpredictable.
Sometime the whales can pump or dump the tokens that makes you become liquid. This is crypto. futures pretty much similar as gambling but did you use stop lose?

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July 29, 2022, 09:54:47 AM
 #5

Beginners luck perhaps?

But I do agree, it could be spot trading would be the best for the majority of us. Because Future trading is a big risk (well crypto is a big risk already). Yes, in the beginning when you taste that first, second and third profit, you think that, "oh that's great", you can do it easy .

Nevertheless, when you experience your first lost and it's going to be big, perhaps all the profits you got will be lost in just that one trade of yours.

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July 29, 2022, 10:21:47 AM
 #6

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 🤔. 

The level of patience on individual traders is different so futures is not really for everyone. I see a lot of traders settle only on spot trading because for what I see they cannot take the huge risk given by this option since we really need to spend time to watch how the market moves because if we are not there to guard our trades for sure we will lost since market is so volatile.

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July 29, 2022, 10:49:55 AM
 #7

In the first place, trading itself is not for everyone as this is only for those who are not afraid to take risks and are willing to lose their money.
Spot trading is advisable for beginners and even to have this until you claim yourself ready to step up to a riskier type of trading which is Future Trading. Experience is really needed for this -

I won't stop people to try this at least they have some reason why they stay using Spot trading and understand the risk in Future trading.

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July 29, 2022, 11:05:53 AM
 #8

That's how trading works, the same as gambling, you win today and may lose tomorrow. Or go on a winning streak today and tomorrow but, you can everything for the next few days. OP is telling a reminder to those that have won for a few trades and think that they're unbeatable and already a pro traders. Well, it's easy to think that you're always learning and whether you win or lose, you're anticipating both of them as an outcome. Gain more experience and have more patience to control your emotions. Trading isn't easy and don't believe to those social media influencers and trading gurus that seem showy to the public only with their gains.

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July 29, 2022, 11:45:05 AM
 #9


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 🤔. 
Not that I thought OP. Losses are somewhat inevitable in trading and all traders had to go experience this. You can never expect a profit all the time as losses are highly possible. Moreover, a feeling of being disappointed is understandable as we never think about it but just a profit. However, trading isn't designed to work like that and it can never be safe especially if you are new to this. Perhaps, we can't instantly become a pro-trader, it takes quite long and more losses to experience - that is the reality.
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July 29, 2022, 11:51:06 AM
 #10

You shall learn from your lose. You may be doing a mistake that makes your money gone. Losing in the futures trade is a common thing. that means if you didn't have good mentality. there are bunch of people who have been loosing thousands or even hundreds of thousands dollars in futures trading but again this is a competition between you with another traders. If you can't predict the market correctly and losing was inevitable. You must take it as a good lesson.
Complaining about it will not solve your problem caused by the fact that bunch of people are actively doing trade in the market.



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Queentoshi
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July 29, 2022, 11:56:11 AM
 #11

I thought I was a pro coming from spot trading. 
You allowed your emotions to get in your way of making decision. You were not truthful with yourself else you would have told yourself that you were not ready for what you were about getting yourself into. This is money we are talking about and you always have to be super sure of yourself whenever you make a decision as regards it, second guessing is not encouraged especially in trading.
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July 29, 2022, 12:51:17 PM
 #12

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 🤔. 

Lol, I already knew where this was going even before reading through, yeah most people often get carried away with few consecutive wins they now consider themselves as pro when trading futures, they will even argue with others and act all tough.
Okay, it is good you realize you are still a baby in the futures game and walk in that part until you grow to be an adult,  Cheesy i guess you just blow your dream to dca before the market goes balistic.
noorman0
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July 29, 2022, 01:08:29 PM
 #13

Actually it is greed that makes us lose a lot in futures trading. Technically it's no different from the spot market, the difference is only because both profits and losses can be doubled and it really affects psychology.
Even pro traders will not always profit on each entry, for that the number of entries should adjust the assessment of the accuracy of the analysis results. It doesn't mean that you always increase your leverage even though you are always profiting or want to cover your losses

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bitkanu
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July 29, 2022, 01:16:46 PM
 #14

agreed, it might seems that future trading is easy, actually it could incur losses if we couldn't manage our emotion, there has been many traders out there that begins with full confidence and ended with massive losses,
I think for average traders, it's better to stick with the normal trading that's the spot trading since it's like basic economy, instead of future trading that requires advanced analyzation.

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July 29, 2022, 01:22:25 PM
 #15

There is too much manipulation if we play in futures trading, especially if the altcoin we choose to trade, I still remember being cheated by the exchange, precisely gate io in trading futures. they easily liquidated my assets even though the price had not reached the margin price.
if you want to try it doesn't matter but my advice is never to leverage more than 10 x if our capital is not thick enough.
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July 29, 2022, 01:25:08 PM
 #16

agreed, it might seems that future trading is easy, actually it could incur losses if we couldn't manage our emotion, there has been many traders out there that begins with full confidence and ended with massive losses,
I think for average traders, it's better to stick with the normal trading that's the spot trading since it's like basic economy, instead of future trading that requires advanced analyzation.
I'd notice that if you are good at this thing you can't be good at the others. Likely, if you are good at spot trading, you find it difficult in Future trading. This is what I see some people who have been in Spot Trading for many years still stay there and have no plan to step up knowing that they can be outperformed there. Such a wise decision but guess what? That should be the case as simply we can underestimate Future Trading nor it can be easy just like Spot trading.
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July 29, 2022, 01:30:31 PM
 #17

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 🤔. 

How come you lost it all on a songle day after your winning streak? Do you even know to how to use stop loss in your trading? I think Futures Trading is specifically not for traders that don’t use stop loss feature because this the most important feature on Futures trading that needs to be known and setup before you will enter any position on your trading. This lose is really painful because I know how hard to earn small money on multiple small trades and just busting it in a single day.

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traderethereum
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July 29, 2022, 02:15:19 PM
 #18

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 🤔. 
Maybe you made a wrong analysis for the second day, which made you lose everything.
Sometimes, if we can make a profit on the first day and close the trade, we can lose everything on the second day as our greed will grow and we will say that we can make another profit on the second day.
Or maybe your emotions become bigger and you can not control them as well as on the first day.
You can get many factors after winning on the first day that can impact the next day because you will want to have the good result as before and that is normal.

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Ararbermas
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July 29, 2022, 02:24:59 PM
 #19

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 🤔.  
always don't fell on your emotions when trading, that's the lesson for you mate!.
Because you know it doesn't matter if you trade spot or futures as long as you have risk management and you know what you're doing in every trade it's all fine and you still can regain afterwards even you made mistakes at the beginning.  

And also don’t be so hype after winning because you will become a greedy trader.. where in always make an adjustment to prevent massive losses especially when it comes futures because it's not a joke and it can really burn your account in just a blink of an eye... So for now lesson learn mate!
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July 29, 2022, 02:26:42 PM
 #20

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 being a pro trader, at least that's what I thought 🤔. 
Maybe you made a wrong analysis for the second day, which made you lose everything.
Sometimes, if we can make a profit on the first day and close the trade, we can lose everything on the second day as our greed will grow and we will say that we can make another profit on the second day.
Or maybe your emotions become bigger and you can not control them as well as on the first day.
You can get many factors after winning on the first day that can impact the next day because you will want to have the good result as before and that is normal.
Gaining profit for the first time could make a trader feel excited and overwhelmed which leads to greed on the next day. It's better if we'll be fully equipped not just with knowledge about what we're doing but also about the risks and possibility of losing especially in margin and futures. Even professional traders lose because of wrong technical analysis so we better be careful because it isn't really for all traders and not for those who are not able to manage their emotions.
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