Binance futures Are you full time trader ?

Silberman

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Quote from: ShowOff on December 13, 2022, 10:34:11 AM

Quote from: 8rch7 on December 13, 2022, 10:18:16 AM

I have stop awhile with future trading after many time losses and for new trader better with spot trading, can't expected with profit always although all time in trading or have more experience about three or four years with Future trading can't consistency earn profit.

You may be aware that futures trading is a high-risk trade. You might be able to manage your emotions well as long as you feel lucky, but on the other hand when you lose a lot of money then you might not feel okay. Not recommended for futures trading for those who are not really able to manage their emotions well, besides spot trading or investment is also profitable instead of futures trading.

But it's good when you have come to the conclusion that you have abandoned futures trading for a while. Start spot trading or long-term investment, this is safer to do even though futures trading is also profitable.

This is a very common mistake, futures trading can without a doubt be a very profitable way to trade the markets which is why it attracts so many people, but just as it can be incredibly profitable it can also bring incredible losses as well, but people never think about that potential scenario and once they do is because they are already losing a massive amount of money anyway, so it is important that only those that are expert traders try their luck with futures trading, as anyone else has almost no chance of ever making profits.

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Quote from: 8rch7 on December 13, 2022, 10:18:16 AM

Quote from: Kelvinid on December 13, 2022, 08:27:00 AM

It was not been said that we need to become a full-time trader in order to earn more because what really matters in trading, especially in Futures Trading is knowledge, strategies, and capital. Missing any of them can't bring you earnings but losses or just earning a small profit. Even though we are in trading for 2-3 years it was not our assurance that we are making a lot of money from trading, maybe at least we were just able to survive and stay as a trader.

Not recommended with Future trading whatever exchange market kinds Binance or not, but right now many changed about funding fees in Binance and I saw was increase up than usually. Not financial advice when trading in Future kinds but I saw bad problem when last time with my future order filled, usually I used with medium leverage but I don't know why funding fees more than 30% with Binance future.

I have stop awhile with future trading after many time losses and for new trader better with spot trading, can't expected with profit always although all time in trading or have more experience about three or four years with Future trading can't consistency earn profit.

Unfavorable market conditions for trading at the moment. even those who are already professionals in futures trading. I am not day trading anymore after the downturn that happened to Bitcoin this year. I choose to acquire assets for the long term. it looks safer.
especially now that there is more frequent news regarding the many futures traders who lose because the market is not easy to predict. I'm sure it's not only beginners who experience this, those who are experienced also feel the same problem with the current market conditions.

Fatunad

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Quote from: Cantsay on December 13, 2022, 10:15:25 AM

Quote from: Portocervo777 on November 29, 2022, 05:21:27 AM

If binance will follow to FTX then who else you can trust anymore ?
But Im not talking this Im just talking who's full futures traders i am i trade everyday.

Right now Binance is the hope of those who still uses centralize exchange after what FTX displayed.
I'm also a trader but I only trade when I have some spare cash that I'm willing to lose.
My trading hasn't been that profitable for me that's why I had to reduce it, I'm terrible when it comes to trading so I tend to use little Capital just so I won't be disappointed at the end of my trade.
The fact that you're a full time trader means that you must be a good analyst and also possess great trading skills.

After that FTX incident then pretty sure that lots had dwindled up their trust into centralized platforms but later on it would really be just be forgotten just like into those happenings back into those various known
exchangers back in the past.People do easily forget out on not to store their coins on exchange platforms but still keep on doing it until these situations do happen and ending up on a disaster.
When making up some trades then it would be whether you are a full time or not.It does really vary since each trader or person does have different situations when it comes
on handling up their time on engaging with trades.Also, we do have different type of trading where some do get engage with spot and some with futures.

crwth

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It's good that you have become a full-time trader with just your funds and have fulfilled your needs with just trading. Imagine your life without it, huh? It's like that for sure in your space. I can't imagine without BTC in my life. That's the same thing as how you feel.

I also trade with Binance Futures and am thankful for it because I have learned how to lose money there manually. Grateful I have a trading bot like Gunbot to make life easier and trade it consistently for me without worrying about checking the market all the time.

ShowOff

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Quote from: 8rch7 on December 13, 2022, 10:18:16 AM

I have stop awhile with future trading after many time losses and for new trader better with spot trading, can't expected with profit always although all time in trading or have more experience about three or four years with Future trading can't consistency earn profit.

You may be aware that futures trading is a high-risk trade. You might be able to manage your emotions well as long as you feel lucky, but on the other hand when you lose a lot of money then you might not feel okay. Not recommended for futures trading for those who are not really able to manage their emotions well, besides spot trading or investment is also profitable instead of futures trading.

But it's good when you have come to the conclusion that you have abandoned futures trading for a while. Start spot trading or long-term investment, this is safer to do even though futures trading is also profitable.

8rch7

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Quote from: Kelvinid on December 13, 2022, 08:27:00 AM

It was not been said that we need to become a full-time trader in order to earn more because what really matters in trading, especially in Futures Trading is knowledge, strategies, and capital. Missing any of them can't bring you earnings but losses or just earning a small profit. Even though we are in trading for 2-3 years it was not our assurance that we are making a lot of money from trading, maybe at least we were just able to survive and stay as a trader.

Not recommended with Future trading whatever exchange market kinds Binance or not, but right now many changed about funding fees in Binance and I saw was increase up than usually. Not financial advice when trading in Future kinds but I saw bad problem when last time with my future order filled, usually I used with medium leverage but I don't know why funding fees more than 30% with Binance future.

I have stop awhile with future trading after many time losses and for new trader better with spot trading, can't expected with profit always although all time in trading or have more experience about three or four years with Future trading can't consistency earn profit.

Cantsay

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Quote from: Portocervo777 on November 29, 2022, 05:21:27 AM

If binance will follow to FTX then who else you can trust anymore ?
But Im not talking this Im just talking who's full futures traders i am i trade everyday.

Right now Binance is the hope of those who still uses centralize exchange after what FTX displayed.
I'm also a trader but I only trade when I have some spare cash that I'm willing to lose.
My trading hasn't been that profitable for me that's why I had to reduce it, I'm terrible when it comes to trading so I tend to use little Capital just so I won't be disappointed at the end of my trade.
The fact that you're a full time trader means that you must be a good analyst and also possess great trading skills.

Kelvinid

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Quote from: Sebas.tian on December 12, 2022, 10:58:15 PM

Since you are a full time traders in binance over a year now, I believe you have achieved a lot of incomes from your trading which other traders will like to see so that they will follow your strategies in this bearish season, so that they will have something good to achieve in future.

Maybe, but still, nobody believes it. Futures trading has been found to be riskier than other forms of trading. Might OP is a full-time trader but yes, we're not sure how good he is and how profitable he become.

Quote

I am not a full time traders in binance, because it will not help me to make a good profits like decentralized currency which many traders has experienced a lot of favour from decentralized currency. I will advise you to try Bitcoin investment in this bearish season to buy and hold like 2 or 3 years so that you will know that, it is profitable to be a full time traders in Bitcoin than binance.

It was not been said that we need to become a full-time trader in order to earn more because what really matters in trading, especially in Futures Trading is knowledge, strategies, and capital. Missing any of them can't bring you earnings but losses or just earning a small profit. Even though we are in trading for 2-3 years it was not our assurance that we are making a lot of money from trading, maybe at least we were just able to survive and stay as a trader.

Sebas.tian

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Since you are a full time traders in binance over a year now, I believe you have achieved a lot of incomes from your trading which other traders will like to see so that they will follow your strategies in this bearish season, so that they will have something good to achieve in future. I am not a full time traders in binance, because it will not help me to make a good profits like decentralized currency which many traders has experienced a lot of favour from decentralized currency. I will advise you to try Bitcoin investment in this bearish season to buy and hold like 2 or 3 years so that you will know that, it is profitable to be a full time traders in Bitcoin than binance.

tbct_mt2

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Quote from: palle11 on December 11, 2022, 10:44:35 AM

But whether you are a successful trader or not you are not focus only trading. It is good to have different options of financial stability and not to rely on one side. You can quit the boss job no problem but you have to involve in something else that will supplement for your at the down times. This is important because such times are always to be considered in life. Trading is an area of livelihood business that also would give you the chance to involve in other investment.

It is true @palle11.

People should assign big part of profit they get from trading for investment. If they use that profit to continue trading, they will end losing most of it. That is very bad ending after starting from small capital, make it to a big one and end it with nearly initial capital or worse less than initial capital.

You will be very negatively disappointed if you end your trading like this.

I don't believe much in trading that most of traders can have profit from trading and manage risk and their orders good enough to prevent loses later. Investment is best especially investment in Bitcoin.

palle11

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Quote from: tvplus006 on December 11, 2022, 09:15:22 AM

If you are a successful trader and have a guaranteed income, which is very rare in the cryptocurrency market, then you can really stop working for the boss, wasting your valuable time. But in this case, you need to pay for various insurance fees yourself, which will provide you with a pension when the time comes.

But whether you are a successful trader or not you are not focus only trading. It is good to have different options of financial stability and not to rely on one side. You can quit the boss job no problem but you have to involve in something else that will supplement for your at the down times. This is important because such times are always to be considered in life. Trading is an area of livelihood business that also would give you the chance to involve in other investment.

tvplus006

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If you are a successful trader and have a guaranteed income, which is very rare in the cryptocurrency market, then you can really stop working for the boss, wasting your valuable time. But in this case, you need to pay for various insurance fees yourself, which will provide you with a pension when the time comes.

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Quote from: Wapfika on November 29, 2022, 05:10:29 AM

Who cares if you are full time trader not? This doesn’t matter if you have bullshit trading portfolio due to trading full time compared to a accurate trading from casual trader. Sharing your trading portfolio will be more interesting rather than just ask whether user is full time or not on Binance. Also you should not leave your balance on any exchange including due to the risk of losing it once Binance run or experience same fate with FTX. Doing a full time trading on centralized exchange is very risky because you are leaving your money exposed to potential risk.

I’m not a full time trader but I do casual trade every weekends, my salary and significant event that will make crypto volatile than normal volume.

You don't have to attack the OP like this, everyone has the right to say something, and be sure that it's not everyone that is creative or sound in grammatical construction. It's the duty of the learned to digest things from these people critically and reply if need be. From what I realized, the OP is just expressing himself as a full-time trader with an exchange. The approach is a direct answer to his question and the gist is clear enough to me, which is the main thing.

Myself is a full-time futures trader, but I have other things doing in addition, and I trade long-term to give room for that.

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Quote from: Wapfika on November 29, 2022, 05:10:29 AM

Who cares if you are full time trader not? This doesn’t matter if you have bullshit trading portfolio due to trading full time compared to a accurate trading from casual trader. Sharing your trading portfolio will be more interesting rather than just ask whether user is full time or not on Binance. Also you should not leave your balance on any exchange including due to the risk of losing it once Binance run or experience same fate with FTX. Doing a full time trading on centralized exchange is very risky because you are leaving your money exposed to potential risk.

I’m not a full time trader but I do casual trade every weekends, my salary and significant event that will make crypto volatile than normal volume.

I highly disagree with your thoughts, trading has a very high potential and if you have mastered the techniques of securing your account you have the key ,now only you need to make 1% par day and you can easily 2x your portfolio in 100 days .

Rehan Zakir

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I did not prefer anyone to trade in Binance futures. Because the Future market is a very risky market. Because in this, we are taking leverage. It means that if we have 100$ and we have taken 10x leverage then we can open a trade of 1000$. The more you get the profit from this trade and and lose too vice versa. And a chance that your whole account can liquidate. So, must think about the risk management of your funds.

traderethereum

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Even though I can't be a full-time trader, I'm also grateful to Binance because Binance has allowed me to profit.
I once tried to become a full-time trader but that didn't go well because, at that time, my analytical skills needed improvement and I often experienced losses.
I decided to become a trader based on how the market is going and if market conditions allow for trading, I will try it.
And so far, I can still survive and minimize losses. Even though I still get losses, I can still get profits.

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Quote from: Portocervo777 on November 29, 2022, 05:05:09 AM

Yes Im full time trader
I use binance and futures.

I cant thank the binance enough to provide this opportunity to us.

Right now i can say that im full time trader.

If you are a professional in day trading or futures, there is no problem. it's up to you to manage your trading assets. some people may be doing what you do daily trading on Binance to make a profit and fulfill their needs like buying coffee and cigarettes.
I hope you consciously use your money to trade futures, don't sue other people when you lose the trades you make.

dansus021

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Full Time trader is risky job especially the futures one, to be honest i have been tried binance futures the profit is insane but at the end of the day I am losing up $1000 Grin

Quote from: harizen on December 07, 2022, 06:44:23 PM

Full-time traders don't mean they mostly engage in Future Trading alone. Being full-time traders means they are actively engaging in various types of trading, either spot or futures, on regular basis to the point that they are considering it now as a career. It's just common to expect that trading has associated risks.

This is the right answer is not about futures trading, in fact trade by using leverage is made our heart beat dance Cheesy

Just little bit of advice if you guys have more money to trade on I mean you have $1K+ trade using spot is way better than trade on futures using leverage

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Quote from: alik111 on December 07, 2022, 01:56:09 PM

I am not a full time trader like you. Because I like to hold gems until it's pump hard. Again I think future trading is much risky that's why I don't suggest anyone future trading with high leverage because there have a risk to be liquidated.

Full-time traders don't mean they mostly engage in Future Trading alone. Being full-time traders means they are actively engaging in various types of trading, either spot or futures, on regular basis to the point that they are considering it now as a career. It's just common to expect that trading has associated risks.

That's the challenge there, how to deal with that risk. There's no shortcut to success.

Not unless you are not really that comfortable dealing with that, you can keep doing your holding strategy as much as you like.

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Quote from: Portocervo777 on November 29, 2022, 05:05:09 AM

Yes Im full time trader
I use binance and futures.

I am very impressed at all the successful futures trading. I don't know how much they struggle until they are comfortable in futures trading. Because, futures trading is one of the things that is very risky, makes life uneasy, and often wake up at night just to check market developments. It's tiring for me. Therefore I am out of futures trading. What's more, I still have many shortcomings in terms of strategy, emotional management, and also accuracy in assessing the market. So, this is future trading, high risk, high return.

Quote from: Bitcoin_Arena on November 29, 2022, 05:13:30 PM

Spot trading can be so brutal too. Just ask people who bought Luna right before the crash and had no stoploss

Indeed, after seeing what happened to LUNA, I am so worried because I have several altcoins in my spot trading that is still very under the price that I bought. Indeed, investing in altcoins is high risk. We cannot guarantee that the altcoins that we are holding will last longer or not. uLUNA and FTX really teach us many thing to be more and more careful, and smart decision.

Topic: Binance futures Are you full time trader ? (Read 436 times)