VicManton (OP)
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August 02, 2024, 05:13:39 PM |
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I have heard a lot of things about Bitcoin trading and even, most especially futures trading and how volatile it can be and how some countries have banned it.
Some have even gone to share with some newbies and are scared I'm new to futures, but I am thinking of starting now and some I believe to ease the fear, some reward system or back up for newbies, like having some pool of rewards to incentivise traders foe reaching a milestone sort of and it shouldn't be too high, Something around 2k usdt should be fair enough.
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Davidvictorson
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August 02, 2024, 05:46:20 PM |
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I don't know if I understand your question very well. I mean the body of the text. However from the topic a lack of confidence could be one of the reasons for this type of feelings, also consistent losses is another reason, and other. I would suggest that when you are feeling down you could watch some trading videos of successful traders who are teaching about trading psychology, you could also listen to podcasts, read a book and another option you may do is to take some break.
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BITCOIN4X
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August 02, 2024, 07:37:04 PM |
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I have heard a lot of things about Bitcoin trading and even, most especially futures trading and how volatile it can be and how some countries have banned it.
Some have even gone to share with some newbies and are scared I'm new to futures, but I am thinking of starting now and some I believe to ease the fear, some reward system or back up for newbies, like having some pool of rewards to incentivise traders foe reaching a milestone sort of and it shouldn't be too high, Something around 2k usdt should be fair enough. You are right, futures trading is prohibited by some countries, including mine. Futures trading is certainly an alternative that you can consider to gain profits from trading, but the main problem is that there are big risks that you have to consider wisely. You should not gamble with futures trading, I mean you will not really get the returns according to plan if you like to play with high leverage. I've lost several thousand dollars on futures trades before, which is definitely not what I want. There are lessons I learned from there, so maybe I will try to minimize those mistakes in the next trade. If you are interested in futures trading, then my only advice is, don't be greedy and don't have the intention of getting rich quickly with it.
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FatFork
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August 02, 2024, 07:46:27 PM |
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I have heard a lot of things about Bitcoin trading and even, most especially futures trading and how volatile it can be and how some countries have banned it.
Some have even gone to share with some newbies and are scared I'm new to futures, but I am thinking of starting now and some I believe to ease the fear, some reward system or back up for newbies, like having some pool of rewards to incentivise traders foe reaching a milestone sort of and it shouldn't be too high, Something around 2k usdt should be fair enough.
I'm not sure I understood you correctly. You're scared of losing money in futures trading, so you want a reward system? But what would be the point of such a reward system? Look, trading is risky. Period. There's no reward system gonna change that. If you can't handle the potential loss, don't play the game. Simple as that.
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irhact
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August 02, 2024, 08:17:46 PM |
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Some have even gone to share with some newbies and are scared I'm new to futures, but I am thinking of starting now and some I believe to ease the fear, some reward system or back up for newbies, like having some pool of rewards to incentivise traders foe reaching a milestone sort of and it shouldn't be too high, Something around 2k usdt should be fair enough.
Different individuals will deal with this problem differently but the most effective way of dealing with this problem is to take a break, many individuals are underrating the importance of slowing down a little bit. When life is giving you a hard time, don't try to fight it back or you'll lose. You need to have as many sources of income to help you as a trader to avoid depending only on trading for money and this makes you to not have a time of your own and have to be on your computer trading every time. The reason for your being down is as you aren't winning, you can also consider changing your trading habit and look for better ones.
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EL MOHA
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August 02, 2024, 10:54:05 PM |
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First thing is you have the basic knowledge of trading as you can sense the risk in it. Now concerning the subject I guess you mean when one is down on trading moral which is mostly cause by consecutive loses, just as other members advised that period is the perfect period to actually go and check or rate your strategy, most people do not also go back without trading as a they believe consistency is the key to a success, so if you’re of this category then you can simply just use Demo to trade, reason why I choose demo is because you can simply be backtest your strategy and then follow it up with a demo instead of leaving trading entirely.
The thing again is you need to build you psychology to able to handle loses in the right way and the best way to do that is simply managing your risk properly, even successful traders use proper risk management to able to stay away from blowing account
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BitMaxz
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August 02, 2024, 11:09:45 PM |
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The title of this topic is different from the content anyway, since you talking about future trading like other said it's pretty risky without knowledge the whole capital can be instantly lost in a day due to market volatility. Since you are a newbie I suggest before you go in live future trading first learn how to trade emotion is one thing that is hard to control like you said feeling down if you feel like that due to some reason then stop trading if you want to build confidence then do it first on paper money and I love to try all strategies with backtesting tool from tradingview because you can get the instant result within a day. Like I said learn trading first that is the only way to overcome fear check the link below then read the technical and fundamental analysis but make sure to learn the technical first until you learn some strategies you can use some tools listed there for free to test your skills. - https://github.com/SpiralDevelopment/Awesome-Crypto-Trading
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Distinctin
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August 03, 2024, 10:59:50 AM |
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I have heard a lot of things about Bitcoin trading and even, most especially futures trading and how volatile it can be and how some countries have banned it.
Some have even gone to share with some newbies and are scared I'm new to futures, but I am thinking of starting now and some I believe to ease the fear, some reward system or back up for newbies, like having some pool of rewards to incentivise traders foe reaching a milestone sort of and it shouldn't be too high, Something around 2k usdt should be fair enough.
I'm not sure I understood you correctly. You're scared of losing money in futures trading, so you want a reward system? But what would be the point of such a reward system? Look, trading is risky. Period. There's no reward system gonna change that. If you can't handle the potential loss, don't play the game. Simple as that. A loss is always a loss, and it could be even higher if you push yourself into trading without good skills and reliable experiences that can help lessen your future losses if ever. Even if you promote rewards system, that won’t stop newbies in trading from losing a lot, most especially if they trade using their hard-earned money that they can’t afford to lose. Trading is really risky and scary. That is the reality. And as long as you aren’t capable to trade, know that consistent losses are inevitable.
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junder
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August 03, 2024, 02:31:54 PM |
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Some have even gone to share with some newbies and are scared I'm new to futures, but I am thinking of starting now and some I believe to ease the fear, some reward system or back up for newbies, like having some pool of rewards to incentivise traders foe reaching a milestone sort of and it shouldn't be too high, Something around 2k usdt should be fair enough.
Different individuals will deal with this problem differently but the most effective way of dealing with this problem is to take a break, many individuals are underrating the importance of slowing down a little bit. When life is giving you a hard time, don't try to fight it back or you'll lose. You need to have as many sources of income to help you as a trader to avoid depending only on trading for money and this makes you to not have a time of your own and have to be on your computer trading every time. The reason for your being down is as you aren't winning, you can also consider changing your trading habit and look for better ones. All decisions are in the hands of each person when we talk about trading, there is no coercion from any party to force something that is not very good, so there is nothing wrong with occasionally delaying, as you said taking a break can certainly be a good alternative to calm the mind from worry. On the other hand, I think having another income such as a main job or family business is something that traders must have, we know how the negative side of trading is where it is an activity that can be very high risk at times, meaning that trading will not always be profitable, because there will always be situations where you experience a loss of a certain amount, and clearly one of the reasons why every trader must have a fixed source of income in their life is to support all the needs in their life, this preparation can prevent you from being depressed in life, because relying on financial fate on trading will always be an idea that is too risky. Another thing is to understand first about how trading really is, understanding the opportunities and being aware of the risks is an understanding that must be had from the start so that you do not become a loser when you experience a loss.
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pawanjain
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August 03, 2024, 02:37:10 PM |
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I have heard a lot of things about Bitcoin trading and even, most especially futures trading and how volatile it can be and how some countries have banned it.
Some have even gone to share with some newbies and are scared I'm new to futures, but I am thinking of starting now and some I believe to ease the fear, some reward system or back up for newbies, like having some pool of rewards to incentivise traders foe reaching a milestone sort of and it shouldn't be too high, Something around 2k usdt should be fair enough.
It's kinda funny to hear that you need a reward because you lost money in futures trading. If you are feeling low because of losing money in trading then you shouldn't be doing anything, like literally anything. What I mean is that you should take some days off to clear your mind and then get back to trading with a new strategy. This is how I have been doing it and found it to be useful. With clear mind, we get the ability to think more clearly and that helps us in taking better trading decisions.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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Stepstowealth
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August 03, 2024, 03:03:16 PM |
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I have heard a lot of things about Bitcoin trading and even, most especially futures trading and how volatile it can be and how some countries have banned it.
Some have even gone to share with some newbies and are scared I'm new to futures, but I am thinking of starting now and some I believe to ease the fear, some reward system or back up for newbies, like having some pool of rewards to incentivise traders foe reaching a milestone sort of and it shouldn't be too high, Something around 2k usdt should be fair enough.
Are you trying to say that for people to scale the fear they have for futures trading, that some kind of reward should be offered? If so, I do not think so, or think you really understand that life does not care. When you are winning, it is to someone's loss in trading, and when you are losing in trading, it is also to the benefit of someone who you are loosing to. When you loose in futures trading, someone benefits from it, and even if they make a reward pool to encourage more people to trade futures, it will only put people under the motion to try to win the reward pool, and it the process, they may loose more, because they are have not prepared themselves very well. do not trade futures for any reason or reward if you know you have no knowledge about it.
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VicManton (OP)
Jr. Member
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August 03, 2024, 03:09:14 PM Last edit: August 03, 2024, 09:38:10 PM by Mr. Big |
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I have heard a lot of things about Bitcoin trading and even, most especially futures trading and how volatile it can be and how some countries have banned it.
Some have even gone to share with some newbies and are scared I'm new to futures, but I am thinking of starting now and some I believe to ease the fear, some reward system or back up for newbies, like having some pool of rewards to incentivise traders foe reaching a milestone sort of and it shouldn't be too high, Something around 2k usdt should be fair enough. You are right, futures trading is prohibited by some countries, including mine. Futures trading is certainly an alternative that you can consider to gain profits from trading, but the main problem is that there are big risks that you have to consider wisely. You should not gamble with futures trading, I mean you will not really get the returns according to plan if you like to play with high leverage. I've lost several thousand dollars on futures trades before, which is definitely not what I want. There are lessons I learned from there, so maybe I will try to minimize those mistakes in the next trade. If you are interested in futures trading, then my only advice is, don't be greedy and don't have the intention of getting rich quickly with it. This can be so touching and sometimes I wonder where those money go to. I think if those big platforms in the likes of Bitget, Binance and Coinbase can come up with a rewarding system for users that lose in the futures market or even get to compensate them back, that way it won't get banned in those countries, I hope we get there soon or the population of newbies that will indicate interest in futures will be very minimal and maybe they shoulf also have some attractive incentives too to take care of their fears. I wish I have the funds to run an exchange, maybe I'll make a better place....lol
I have heard a lot of things about Bitcoin trading and even, most especially futures trading and how volatile it can be and how some countries have banned it.
Some have even gone to share with some newbies and are scared I'm new to futures, but I am thinking of starting now and some I believe to ease the fear, some reward system or back up for newbies, like having some pool of rewards to incentivise traders foe reaching a milestone sort of and it shouldn't be too high, Something around 2k usdt should be fair enough.
Are you trying to say that for people to scale the fear they have for futures trading, that some kind of reward should be offered? If so, I do not think so, or think you really understand that life does not care. When you are winning, it is to someone's loss in trading, and when you are losing in trading, it is also to the benefit of someone who you are loosing to. When you loose in futures trading, someone benefits from it, and even if they make a reward pool to encourage more people to trade futures, it will only put people under the motion to try to win the reward pool, and it the process, they may loose more, because they are have not prepared themselves very well. do not trade futures for any reason or reward if you know you have no knowledge about it. Yes, you are right to some extent, everything in crypto should be approached from an informed standpoint and nothing should be done blindly, I just believe there is too much negative things said about futures than it really is and I don't even expect anyone to do it without good knowledge, and since there is always a beginning to anything we do, there will still be the well informed newbie out there and everything both with or without rewards need to be done with caution, people still lose the more even without rewards so in all, it is just to render help from emotional trauma and to make people see have hope in what they do.
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Dr.Bitcoin_Strange
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August 03, 2024, 06:29:57 PM |
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but I am thinking of starting now and some I believe to ease the fear, some reward system or back up for newbies, like having some pool of rewards to incentivise traders foe reaching a milestone sort of and it shouldn't be too high, Something around 2k usdt should be fair enough.
Trading is risky, and before you decide to go into trading, you have to accept the risk of either making a profit or losing your money due to market volatility. There's nothing like incentives for traders; if you make the wrong market analysis and enter a position, you will lose your capital when the money doesn't go in your direction. The only frequent event that some exchanges open to future traders is a deposit bonus, in which you will be given some bonus (it could be $5–$20) to trade with. If you want to start trading, make sure to learn first on the demo account and have a good idea before investing real money.
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stomachgrowls
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August 03, 2024, 06:39:34 PM |
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I have heard a lot of things about Bitcoin trading and even, most especially futures trading and how volatile it can be and how some countries have banned it.
Some have even gone to share with some newbies and are scared I'm new to futures, but I am thinking of starting now and some I believe to ease the fear, some reward system or back up for newbies, like having some pool of rewards to incentivise traders foe reaching a milestone sort of and it shouldn't be too high, Something around 2k usdt should be fair enough.
This is my first time on hearing out about futures trading being banned on a certain country or place just because of being that too risky? I dont think so. There are really platforms which are really that prohibuted to resiter accounts specially if they are really that included into those restricted countries but if we do speak about trading as total then its not something that would be banned. Restrictions and prohibitions are really that including things as a whole or simply the services that it do gives. It would really be that on case to case basis but usually most platforms now are really that accepting all users around the world but there are platforms which do really prohibit some places or countries in the world. Speaking about directly dealing up with futures trading then i would say that it would really be better that you should really be that focusing first on spot trading and make yourself be that master into it or you should really be that making yourself that do have a good grasps towards it. If you are really that directly making up some emotions of being feeling down then its your choice but if you are really that serious on what you are doing then just pursue out and sustain.
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Stable090
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August 03, 2024, 06:49:53 PM |
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Some have even gone to share with some newbies and are scared I'm new to futures, but I am thinking of starting now and some I believe to ease the fear
If you are new to crypto and have heard everything about future trading and how volatile it is, then why did you want to go into it? If you are new to crypto, then future trading isn’t really for you. I am not discouraging you completely from going into future trading, but why don’t you just start with spot trading? I know it’s also risky, but better than future trading. When you understand everything about spot trading, you can start trading futures gradually, but if you decide to jump into future trading, then you are going to lose a lot. Future trading is highly profitable, that’s why most people are always rushing to join it, but the risk involved in it is just too high, especially when using high leverage, which is what most people are doing.
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Yamane_Keto
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August 03, 2024, 07:46:27 PM |
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If you can't keep your emotions out of trading, it's best to de-prioritize trading and focus on long-term investments. Trading is about minimizing losses and maximizing profits. If losses are part of what happens when you trade, it's best to learn how to minimize their negative impact.
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$weetne$$
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August 03, 2024, 08:32:00 PM |
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Trading is risky, and before you decide to go into trading, you have to accept the risk of either making a profit or losing your money due to market volatility. There's nothing like incentives for traders; if you make the wrong market analysis and enter a position, you will lose your capital when the money doesn't go in your direction. Trading is risky but you should have already known this before deciding to trade and since you are feeling down from trading, I will advice for you to not stop. Losing happens when trading therefore it should not be the reason why you are having thoughts of stopping to trade. Keep trading but you can reduced your capital to avoid losing too much money when you are not having luck but do not stop. If you stop, you might not have the courage to continue trading again as you might feel like you have been defeated. Many people when they stop trading or doing something that was giving them money, they will look for some other things to do and they always go for gambling which puts them in more sad conditions because of losing to gambling and they begin to struggle to come back strong.
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stadus
Legendary
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August 03, 2024, 09:58:48 PM |
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I have heard a lot of things about Bitcoin trading and even, most especially futures trading and how volatile it can be and how some countries have banned it.
Some have even gone to share with some newbies and are scared I'm new to futures, but I am thinking of starting now and some I believe to ease the fear, some reward system or back up for newbies, like having some pool of rewards to incentivise traders foe reaching a milestone sort of and it shouldn't be too high, Something around 2k usdt should be fair enough.
It's kinda funny to hear that you need a reward because you lost money in futures trading. If you are feeling low because of losing money in trading then you shouldn't be doing anything, like literally anything. What I mean is that you should take some days off to clear your mind and then get back to trading with a new strategy. This is how I have been doing it and found it to be useful. With clear mind, we get the ability to think more clearly and that helps us in taking better trading decisions. Yes, same with what I've been doing, taking a break when you think you're not good enough to trade. Emotions is the best enemy in trading so if you have troubled emotions when trading, you cannot focus completely on your trades and so you end up losing it and lose your funds as well. That's probably the reason why traders who are not at their best are certainly taking days off and come back only in trading when they are ready again emotionally and mentally.
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Bournesparks
Jr. Member
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Activity: 167
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August 04, 2024, 05:46:27 AM |
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Trading is risky, and before you decide to go into trading, you have to accept the risk of either making a profit or losing your money due to market volatility. There's nothing like incentives for traders; if you make the wrong market analysis and enter a position, you will lose your capital when the money doesn't go in your direction. Trading is risky but you should have already known this before deciding to trade and since you are feeling down from trading, I will advice for you to not stop. Losing happens when trading therefore it should not be the reason why you are having thoughts of stopping to trade. Keep trading but you can reduced your capital to avoid losing too much money when you are not having luck but do not stop. If you stop, you might not have the courage to continue trading again as you might feel like you have been defeated. Many people when they stop trading or doing something that was giving them money, they will look for some other things to do and they always go for gambling which puts them in more sad conditions because of losing to gambling and they begin to struggle to come back strong. I'll also suggest he learns the basics and not make his chat too complicated. Happened to me and I just focused on trading resistance and support 😊and my winning rate improved... I think testing yourself via competitions like this👉 futures trading battle would help his confidence and if he meets the requirement can earn him some good rewards.
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Bournesparks
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August 04, 2024, 05:49:17 AM |
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I have heard a lot of things about Bitcoin trading and even, most especially futures trading and how volatile it can be and how some countries have banned it.
Some have even gone to share with some newbies and are scared I'm new to futures, but I am thinking of starting now and some I believe to ease the fear, some reward system or back up for newbies, like having some pool of rewards to incentivise traders foe reaching a milestone sort of and it shouldn't be too high, Something around 2k usdt should be fair enough. You are right, futures trading is prohibited by some countries, including mine. Futures trading is certainly an alternative that you can consider to gain profits from trading, but the main problem is that there are big risks that you have to consider wisely. You should not gamble with futures trading, I mean you will not really get the returns according to plan if you like to play with high leverage. I've lost several thousand dollars on futures trades before, which is definitely not what I want. There are lessons I learned from there, so maybe I will try to minimize those mistakes in the next trade. If you are interested in futures trading, then my only advice is, don't be greedy and don't have the intention of getting rich quickly with it. This can be so touching and sometimes I wonder where those money go to. I think if those big platforms in the likes of Bitget, Binance and Coinbase can come up with a rewarding system for users that lose in the futures market or even get to compensate them back, that way it won't get banned in those countries, I hope we get there soon or the population of newbies that will indicate interest in futures will be very minimal and maybe they shoulf also have some attractive incentives too to take care of their fears. I wish I have the funds to run an exchange, maybe I'll make a better place....lol
I have heard a lot of things about Bitcoin trading and even, most especially futures trading and how volatile it can be and how some countries have banned it.
Some have even gone to share with some newbies and are scared I'm new to futures, but I am thinking of starting now and some I believe to ease the fear, some reward system or back up for newbies, like having some pool of rewards to incentivise traders foe reaching a milestone sort of and it shouldn't be too high, Something around 2k usdt should be fair enough.
Are you trying to say that for people to scale the fear they have for futures trading, that some kind of reward should be offered? If so, I do not think so, or think you really understand that life does not care. When you are winning, it is to someone's loss in trading, and when you are losing in trading, it is also to the benefit of someone who you are loosing to. When you loose in futures trading, someone benefits from it, and even if they make a reward pool to encourage more people to trade futures, it will only put people under the motion to try to win the reward pool, and it the process, they may loose more, because they are have not prepared themselves very well. do not trade futures for any reason or reward if you know you have no knowledge about it. Yes, you are right to some extent, everything in crypto should be approached from an informed standpoint and nothing should be done blindly, I just believe there is too much negative things said about futures than it really is and I don't even expect anyone to do it without good knowledge, and since there is always a beginning to anything we do, there will still be the well informed newbie out there and everything both with or without rewards need to be done with caution, people still lose the more even without rewards so in all, it is just to render help from emotional trauma and to make people see have hope in what they do. You've got a point. I think cex are doing that now, incentivising Futures traders by various rewards mechanisms in a Bid to motivate them or appreciate their efforts. I shared one earlier on Bitget, yon can observe to see if you're good for it. Goodluck though. If you need advice, I've been trading for a year plus now so I can chip some for you😎😎
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