Futures Trading is not for everyone

[traderethereum]

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.

Many of us have experienced it in the early days of our trading and can get big profits.
It will give us confidence and make us think that trading is easy.
But we must prevent ourselves from getting carried away by the big profits and keep analyzing trading.
Feelings of being overjoyed because of our results must be suppressed so that we remain aware that not good things will always be on our side.

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[deathcode]

Many of us have experienced it in the early days of our trading and can get big profits.
It will give us confidence and make us think that trading is easy.
But we must prevent ourselves from getting carried away by the big profits and keep analyzing trading.
Feelings of being overjoyed because of our results must be suppressed so that we remain aware that not good things will always be on our side.

because the feeling of always profit can make a trader overconfident. even sometimes it could just be because of his luck. without analysis and adequate skills.
we must have experienced such luck in the long journey of trading that we do. and the situation will make us fall into the pit of greed. that will destroy our future trade.

[Findingnemo]

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 🤔. 

You thought you're a pro in the day one but the next day you turned upside down which shows how people are jumping into conclusions too quickly. I am not advising trading futures to anyone as well but if you're going good at spot trading then sticking with it sounds good and we can't be rich too quick as we dream of, everything will take time so yiu may take years and decades to achieve your financial goals so be patience and keep working on goals.

[tomos81]

In fact if you want to trade then you must acquire knowledge about cryptocurrency. Because you will get profit sometime while trading and you will crave it because you If you have been able to earn in a short period of time, there will be an apprehension about your benefits. But you have to consider its disadvantages and you will make the biggest mistake if you only expect the benefits, so you must have an idea about the satisfied currency that will guide you in the future.

[Mauser]

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 made the exact same mistake like, moving to quickly from the spot to the future market and lost a lot of money. Back in university I was trading stocks with friends for 1.5 years. During our autumn break we decided to try out future day trading, within a couple of days we lost all the money we made before. It was a very terrible experience and I learned a lot. Future trading involves a lot of leverage, so when you use all your money you can lose a multiple of it. The market moves much faster and our problem was we didn't have enough capital to start with. At least the losses give a tax benefit for future winnings, so the money wasn't completely lost. And still it took many years for me to try the future market again.

[AicecreaME]

If you're jumping out from your expertise or comfort zone to futures trading and think you could do it right away, then sorry but it ain't that easy. If you put a lot of time and money when you're trading on stock, you would do the same thing or maybe more on futures trading. There's no shortcut on being a professional trader, if there is, we would all be rich and no one will post something like this anymore.

It's more better to be proud of if you exert efforts and perseverance on it. Trading is not a rush or a competition, always trade at your own phase.

[Peanutswar]

Futures trading is not all about strategy and knowledge also we need to consider the part of the emotional it is the battle the emotional and mental state if you can handle the situation if you are a trader who make a position and still holding even though it is already hit your stop less you take too much greedy and fulfil yourself that it can bounce back it is good if a trader has its trading plan no matter what happens there's a winning day but also there's a red day if you don't feel the market going well make another position. People nowadays makes a position and hold and after that they lose because of too much confidence. Lossing is part of the trade but always know how to manage it.

[laredo7mm]

Futures Trading is not for everyone . This sentence is only follow  for newbie on trading. becuse if you trader and professonal trader you shoud be do future trade if you do spot trade becuse spot trade loss and profit depend on market and also future trade depend on market. but most traders lose money when trading futures, if they only use spot trading they dont fall in big loss,but future trade bear big loss. but it also can give huge profit. its depend on market and your expreince. 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.But brother with out loss you can learn how to get profit. I think we all need expreice about trade if you trader future spot margin leverage all .

[smartaction]

Future trading is like gambling. It can make someone rich in a very short period of time and it can make someone completely destitute in a very short period of time. i didn’t suggest anyone to do Future trading. Coz lost my $50k by future trading. I hate leverage trading. It makes people addicted like gambling and at some point makes them destitute.

[NicNacCoin]

Yes indeed futures trading is not suitable for everyone. Future trading requires you to have enough courage and knowledge about trading.Future trading is a trading platform where all funds are wasted unless you are experienced.I have lost a lot of money in futures trading in my life.But I can never get rid of it  When it comes to profit in trading, there is no trading like futures trading Once one becomes addicted to the futures trading platform, it is very difficult to go back to normal  But my experience from here is that till date no one has been completely successful in futures trading. Of course lost funds.

[Cling18]

When I was new to trading, it's funny how I tried futures without knowing how it works and I was surprised that I lost my funds in just a short click. It really isn't for those who are trying to explore trading. It's only for those who have enough knowledge of how it works because, to be honest, it's confusing in the beginning. It needs time for you to understand it clearly.

[abel1337]

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've been there before, I also have my beginners luck when I was trying futures before and it so alluring because of how profit came in. This makes me overconfident and lost most of the capital and profit I've made from the day I started futures. Being overconfident which being greedy put me on a very tight spot on just holding my position till I get liquidated. You don't need to be a pro to make profit from futures, You need to be responsible and overly patient with your trades.

[Yamifoud]

When I was new to trading, it's funny how I tried futures without knowing how it works and I was surprised that I lost my funds in just a short click. It really isn't for those who are trying to explore trading. It's only for those who have enough knowledge of how it works because, to be honest, it's confusing in the beginning. It needs time for you to understand it clearly.

Future Trading is another level of trading that requires a higher level of market understanding and also experience. This is not really advisable to newbies, of course, having it tried at once helps to know that Future trading is not as easy as it was, a wrong take for the majority. Spot trading is really a place to start learning about trading though we can't escape from suffering losses where at least the risk isn't that high compared to Future Trading.

[xSkylarx]

-snip

Everyone would really be tempted to try futures trading because it can give you a huge amount of profit even if your capital is small. The most common problem I see is people usually put too much margin from their capital. They get excited when they see their pnl is positive but don't realize they can get liquidated quickly if the market goes opposite of their trade. Doing futures trading without enough knowledge is very risky because you can never recover your capital from it unlike spot. Even if they are good in reading charts, there are other stuffs that they should learn too like proper risk management.

[AmoreJaz]

When I was new to trading, it's funny how I tried futures without knowing how it works and I was surprised that I lost my funds in just a short click. It really isn't for those who are trying to explore trading. It's only for those who have enough knowledge of how it works because, to be honest, it's confusing in the beginning. It needs time for you to understand it clearly.

Future Trading is another level of trading that requires a higher level of market understanding and also experience. This is not really advisable to newbies, of course, having it tried at once helps to know that Future trading is not as easy as it was, a wrong take for the majority. Spot trading is really a place to start learning about trading though we can't escape from suffering losses where at least the risk isn't that high compared to Future Trading.

if you want to liquidate your funds fast, you will take a risk in futures. but if you want to understand the market and avoid fund losses, you will start in spot trading. it is true, one wrong move, and your funds will be liquidated without a doubt. if you can't afford such, go to another route. if you want less trouble, why not devote your trading in spot trading? take your time understanding the market before going into a very risky trading type.

[Rigon]

Yes of course I believe futures trading is not for everyone.All those who have entered into this futures trading have done very badly.This future trading is not possible for everyone it is very risky.Only those who can take huge risks can trade futures on this futures trading platform.On the other hand one must possess enough courage otherwise you cannot survive trading from futures trading platform.And you have to have the most knowledge and analysis about the trading market, otherwise you cannot do futures trading.You need to watch every signal on the trading platform. And always stick with the market.

[Issa56]

Some people are used to future trading and they are making their money from it. I don't really like future trading because I end up losing money, no matter the amount I make from future trading, I still endup wasting it their that's why I just stop trading futures. If you are a newbie and you want to start trading, I think is better you focus on stop trading because the risk is kind of low and you wont lose your money most expecially if you are trading bitcoin. In spot trading if you are in a trade and the price is down, the only thing you will have to do is to hold and wait for bounce back, but a future trader will start panicking because he won't want to get liquidated.

[$crypto$]

Some people are used to future trading and they are making their money from it. I don't really like future trading because I end up losing money, no matter the amount I make from future trading, I still endup wasting it their that's why I just stop trading futures. If you are a newbie and you want to start trading, I think is better you focus on stop trading because the risk is kind of low and you wont lose your money most expecially if you are trading bitcoin. In spot trading if you are in a trade and the price is down, the only thing you will have to do is to hold and wait for bounce back, but a future trader will start panicking because he won't want to get liquidated.

Futures trading does have to be ready for everything, including the risk of losing my own money. I don't always trade futures but only occasionally when I'm ready but indeed many people have benefited a lot from futures trading that they have probably done every day.

But for beginners, you really have to start from spot trading because it minimizes losses so that they can understand to hold and sell when they go up, even though this is a simple thing but it must be done correctly and correctly.

But futures trading has strong adrenaline if we already know from the skill.

[masulum]

But futures trading has strong adrenaline if we already know from the skill.

Believe it or not, some newbies are attracted by the instant "profits" they see in groups and on social media. Someone shares profit 200x, 1000x, so he takes the risk to join futures trading. When they are loss because chart analysis mistake, it makes them think ing if trading is a scam, even though the real reason is they lack knowledge and are too confident to trade futures. They aren't thinking about skills first, they only thinking about profit and rich over night.

[Lanatsa]

But futures trading has strong adrenaline if we already know from the skill.

Believe it or not, some newbies are attracted by the instant "profits" they see in groups and on social media. Someone shares profit 200x, 1000x, so he takes the risk to join futures trading. When they are loss because chart analysis mistake, it makes them think ing if trading is a scam, even though the real reason is they lack knowledge and are too confident to trade futures. They aren't thinking about skills first, they only thinking about profit and rich over night.

Cant really be denied off that we would easily react out whenever we do see easy profits on short span of time and since we dont really like to put up much effort then we would really be seeing futures trading profits to

look that interesting which means that you would really be definitely trying out to step your foot and rush yourself on doing it but on the time that you had lost your capital in a short span of time then  this is where you

would really be realizing that this one isnt really something easy.You would really go back and stick with the basics or choosing up on using spot trade and never touch futures trading after that.