Newbies loosing money to future

[Olamidetechie]

Wasn't it some days ago that I was warning newbies to start by learning instead of trading futures? But I saw some comments saying they can start and also be learning at the same time. Now it seems it has turned bloody for many of them who wanted to escape learning and enter straight into winnings, as the bearish market has caught up with them. And right now, at least two that I knew have gotten liquidated because they didn't use SL. My two years of experience in trading made me spot high volatility early, and I decided to close all my positions and move straight to trading stocks on Baba, Nvda and Riot which I'm currently in profit with. To me, nothing beats learning, and I hope they regain their footing.

[Oshosondy]

It is better you remove that image which contains your referral code if you do not want this thread to be removed by a moderator. Referral code are not allowed unless you put it in your signature space.

Future trading is risky and I always advice people not to do it but you can actually make money from it if you are patient and avoid using high leverage.

[DeathAngel]

You can do thousands of hours of research & still lose money day trading. Unless you’re a massive whale you can’t control the direction of markets & even then there’s no guarantee you won’t get liquidated. The best thing to do is buy regularly & HODL for many years. Yes it’s boring & doesn’t bring instant gains but it’s far more likely you do well than trading aka gambling.

[Olamidetechie]

It is better you remove that image which contains your referral code if you do not want this thread to be removed by a moderator. Referral code are not allowed unless you put it in your signature space.

Future trading is risky and I always advice people not to do it but you can actually make money from it if you are patient and avoid using high leverage.

Thanks have done that already, my mind skip it, and also about that most of them won't listen, because they know that spot won't give urgent money like they wanted.

[Dunamisx]

Wasn't it some days ago that I was warning newbies to start by learning instead of trading futures? But I saw some comments saying they can start and also be learning at the same time. Now it seems it has turned bloody for many of them who wanted to escape learning and enter straight into winnings, as the bearish market has caught up with them. And right now, at least two that I knew have gotten liquidated because they didn't use SL. My two years of experience in trading made me spot high volatility early, and I decided to close all my positions and move straight to trading stocks on Baba, Nvda and Riot which I'm currently in profit with. To me, nothing beats learning, and I hope they regain their footing.

This thread supposed to be on trading board, i don't know how comes it remains being here on altcoins discussion board, anyway, that's not the contention here, we have to figure out the required pattern needed for carrying out any of our preferred trading position, be it long or short, they all have the same risk level, it all depends on the direction at which the market is going, choosing 10x multiplier is not too far fetched, but we must only ensure that we took time to remain close by on the market to avoid losing till we got liquidated, any additional profit realized can be a reason enough for us to quickly opt out before the pattern challenges and we are in loss.

[Onyeeze]

Any beginner who want to succeed in Trading should focus on learning and also understanding the scopes of trading because if you don't have or understand the basic things of trading I don't think that you may succeed in trading, anything that we do today is since that affect us so we need to learn and the understand the basic things in Trading, most of us do not learn very well before they go into trading, I know that trading is all about understanding, but when you force yourself on it without learning you will end up of losing.

[programmer3666]

It is better you remove that image which contains your referral code if you do not want this thread to be removed by a moderator. Referral code are not allowed unless you put it in your signature space.

Future trading is risky and I always advice people not to do it but you can actually make money from it if you are patient and avoid using high leverage.

Thanks have done that already, my mind skip it, and also about that most of them won't listen, because they know that spot won't give urgent money like they wanted.

the thing is that many newbies just rush into futures trading because they want quick profits but they forget that the same speed applies to losses too Spot trading may look slow but it is way safer for beginners to learn without blowing up their accounts. because with patience and good risk management even spot can be profitable in the long run. the problem is that most beginners are not ready to manage risk!! they see leverage as a shortcut to wealth without realizing it is also a shortcut to liquidation as well. Futures trading should only come after someone has spent like enough time understanding the market on spot, building discipline and learning how to control greed as well. otherwise the urgent money they are chasing will only lead them to urgent losses.

[tbct_mt2]

Wasn't it some days ago that I was warning newbies to start by learning instead of trading futures?

Learning is good but can you say more specifically about which learning?

Is it learning about investment?
Is it learning about trading but with spot?

But I saw some comments saying they can start and also be learning at the same time. Now it seems it has turned bloody for many of them who wanted to escape learning and enter straight into winnings, as the bearish market has caught up with them. And right now, at least two that I knew have gotten liquidated because they didn't use SL.

That is true as in trading, using weapons like Stop loss order or Stop limit order is mandatory. These orders are very helpful to cut loss, reduce your loss and generally can help traders to defend their initial trading capital.

With traders, a trading capital must be protected as their biggest priority. If they can not defend initial capital, they can not get profit or will lose all money sooner or later.

[Guide] Stop loss order: one of best weapons in trading.
Stop-Loss vs. Stop-Limit Order: What's the Difference
What's the difference between Market, Limit, and Stop-Limit orders?

My two years of experience in trading made me spot high volatility early, and I decided to close all my positions and move straight to trading stocks on Baba, Nvda and Riot which I'm currently in profit with. To me, nothing beats learning, and I hope they regain their footing.

You are like an altcoin degen by trading such unknown and useless tokens, at least they are unknown tokens with me. Altcoins are useless, dangerous for both your investment or any trading types from Spot, Margin to Futures.

[michellee]

Using SL in trading is a must to prevent the loss from becoming big. You can also take a profit position if you place the close position higher in your entry price. Trading futures can liquidate your trade easily if the market turns in the opposite direction.

Now, the market is down again so that makes the red candle come. We need to calm down and wait to see what will happen later. We can hope that everything will be back to normal in the next week.

Yes, learning will give you an important lesson especially if you can research more to find the mistake. By knowing the mistake, you can learn how to fix it so that it will not happen in the future. Just be careful because the market can continue to go down.

[Phoenixtrader]

Wasn't it some days ago that I was warning newbies to start by learning instead of trading futures? But I saw some comments saying they can start and also be learning at the same time. Now it seems it has turned bloody for many of them who wanted to escape learning and enter straight into winnings, as the bearish market has caught up with them. And right now, at least two that I knew have gotten liquidated because they didn't use SL. My two years of experience in trading made me spot high volatility early, and I decided to close all my positions and move straight to trading stocks on Baba, Nvda and Riot which I'm currently in profit with. To me, nothing beats learning, and I hope they regain their footing.

Well the liquidation carried on and alot of users were wiped out.. since you're looking at stocks checking ITNC, it's available on Bitget stock and onchain platform too..I got in earlier before ofsys 8% increase. but be careful, futures trading can be volatile. But constant seeking of knowledge gives you an edge over or all

[Futurexxx]

Wasn't it some days ago that I was warning newbies to start by learning instead of trading futures? But I saw some comments saying they can start and also be learning at the same time. Now it seems it has turned bloody for many of them who wanted to escape learning and enter straight into winnings, as the bearish market has caught up with them. And right now, at least two that I knew have gotten liquidated because they didn't use SL. My two years of experience in trading made me spot high volatility early, and I decided to close all my positions and move straight to trading stocks on Baba, Nvda and Riot which I'm currently in profit with. To me, nothing beats learning, and I hope they regain their footing.

One thing I have come to understand is that, when trading futures the risk there is more attached to high leverage, and with the image shown above, we can all see that the user use 10x leverage, so his liquidation is not far off if the market goes against him at that point in time.

Another problem most newbie traders have is that they tend to think that trading futures is the fastest way to get out of poverty or to be filthy rich, they don't pay attention to this statement that you learn before you earn, because in my experience in Trading so far, knowledge alone is not enough, you need to be skilled in technical and fundamental analysis, be able to control your emotions, be able to manage your risk properly, and finally, knowing when to stay off the market.
A good and an experience trader knows that leveraging can be very dangerous especially if you are trading a high volatile asset, so as newbie, it is more important to trade without leverage at all, so that you wouldn't be taken out of the market so easily if your trades goes against you.

[Oshosondy]

Using SL in trading is a must to prevent the loss from becoming big. You can also take a profit position if you place the close position higher in your entry price. Trading futures can liquidate your trade easily if the market turns in the opposite direction.

One thing I do not do is to use stop loss, I trade bitcoin and good altcoins most tof the time. I do not trade coins that will go up too much and also be manipulated back. I trade coins that have low volatility like bitcoin most especially. If I use 1x with bitcoin, I do not have to use stop loss. I am wondering why some people are saying using stop loss is good, bitt I also think they may be traders that are using high leverage.

[Stepstowealth]

Wasn't it some days ago that I was warning newbies to start by learning instead of trading futures? But I saw some comments saying they can start and also be learning at the same time. Now it seems it has turned bloody for many of them who wanted to escape learning and enter straight into winnings,

It is always a terrible lesson for those who think that they can skip the learning process, and go straight to earning on crypto trading especially futures. Sometimes when you give some of this person's advice concerning features as someone who is more experienced in it than they are, they feel like you're trying to reflect your insecurities on them and they choose to ignore it, but they later learn from their own bitter experience. The chances to profit from futures is also equal to the chances for you to lose from it, this is why you must proceed with caution if you intend to trade features and you must focus on learning first especially if you want to be in it for the long term.

[Nahl]

I believe good traders is not about how to gets 2x or even 10x from their initial capital but good traders also know how to managed their loss because this step is necessary to avoiding losing all of your money and in my opinion if facing situations that can lead to big loss then SL or stop loss is not always be bad because sometimes this is good way to safe our money that's why some traders always be said everytime trade used SL is necessary

For future trading in the social media i have seen a lot of people who gets liquidation and lost their money the majority because these newbie to involved to futures trading because they got inspire by the influencers who can gets a lot of money from futures trading but mostly they didn't know the risk using this method because no knowledges for futures trading is similar to gambling usually they only realize it when they have lost all their money

[Pandu Geddon]

Wasn't it some days ago that I was warning newbies to start by learning instead of trading futures? But I saw some comments saying they can start and also be learning at the same time.

Trying while learning without being based on knowledge, I am sure it is just an act for experience. Even without knowledge, the experience gained from losing trades may not be useful.
beginners sometimes get too excited about leveraging, and I think that is the main mistake of beginners who are too hypnotized to generate large profits.

[cocadalcan]

This is the best way. Start small and make sure you know how much you are willing to lose and be prepared to get bloody. I was able to get out of the gambling phase of trading in a very short time because it works like a huge trap. From the outside it looks like you will make a lot of profit but when you buy it will lead you to losses.

[Gozie51]

There is a tool that every futures trader must use and that is SL. If you don't use it in every trade you enter, you might be unlucky on a trade that will continue going against your direction until it blows out your account no matter how huge the account is or no matter the low risk you use. Sometimes it leads to exiting the trade after huge loss. The futures market is very unpredictable if you don't have better strategy to look at for and if you trade it as if you are gambling, you must be trapped.

So the lesson is to always use stop loss.

[Issa56]

Wasn't it some days ago that I was warning newbies to start by learning instead of trading futures? But I saw some comments saying they can start and also be learning at the same time.

Future trading is so risky, and I will say future trading is not for beginners because of the risk which is involved in it. If you want to learn how to trade, then it’s better you start learning with spot trading, you can’t just make use of future trading to learn how to trade, the more you trying to learn, the more you going to keep on losing. Even some professional traders are always finding it difficult to trade futures just because of the risk in it, so why should a newbie go close to it?

Any newbie that wants to trade futures, then the person just want to waste money, because it’s going to be so difficult for newbies to just make money in future trading, because it’s just so risky, and you have to be so careful.

[Ziskinberg]

It has always been, futures trading is risky, whether you’re experienced or not. This is the reason why I don’t suggest most especially for newbies to jump into trading, because the outcome would only discourage them and let them experience losses unprepared.

However, if they focus on learning first and accumulate knowledge about trading first prior to trading, maybe they could avoid some losses and would somehow be profitable, but with futures trading, the risk to lose will always be there.

[Floxynice]

Generally for newbies who are new to crypto (bitcoin specifically), I don't usually advice that they start with trading.  They can familiarise themselves with the crypto space by merely hodling coins while they learn more. If they must enter into trading, futures trading is never a good start for newbies. Professional and experienced traders are not finding it easy with futures trading, how much more a newbie who is yet to master the basics in trading?

Spot trading can be a good start as it will help them understand the fundamentals of trading. It will help them to also understand the basics like price movements, reading charts and how to control their emotions when the price movements isn't in their favour.