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.

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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

harizen

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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.

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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.

You don't need to become a trader like OP if your goal is to just buy, hold, and sell.
In fact, your understanding of Futures trading is right, it was too risky for beginners and not everyone can bear the risk that's why many traders are preferred to stay on spot trading rather than this. It was looking for a venue where we are about to stay comfortable and knowing the nature of Futures trading, only a few will take and try. Expert traders might take it but newbies, they will just lose their money.

Mahanton

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Quote from: justdimin on December 07, 2022, 10:51:24 AM

Quote from: AnonBitCoiner on December 06, 2022, 06:13:50 AM

Actually you can only be a successful trader if you become a full time trader otherwise little information and little time can misguide you. Focus of Full time trader is just on its ambition and they do not thing anything else so i will suggest that if you want success then consciousness each moment will increase your success. But one thing to be noted is future trading is so hard and is full of risk in my opinion.

People who are not great at trading should not become a full-time trader if they can't afford to. I mean full-time trader means that they would have to actually make a living out of it, and take money out each month. Whenever you have to buy groceries, or pay the bills or go out, all that money comes out of your trading capital and that's the biggest problem.

Full-time trading requires a huge capital to begin with, and you would need to trade each dollar move on high leverage to make a big profit. This also means you could lose all of that money too if it goes on the wrong direction and I would highly suggest not to do that if you are not a veteran trader already.

On the time that you would be able to consider yourself to switch up on becoming a full time trader is on the time you do really find yourself be able to sustain and make that profits despite of those pile of losses.
Its not really something that easy to make up such decision because you would really be needing that consideration before making up that step.We know that market cant guarantee us out with sure profit or simply with that assurance and since we are really that needing money then we do need to have another source of income aside from trading.If you cant be able to provide or sustain yourself with daily
living then its better to find some day stable job and make trading as a side income if you do able to do so.

alik111

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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.

justdimin

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Quote from: AnonBitCoiner on December 06, 2022, 06:13:50 AM

Actually you can only be a successful trader if you become a full time trader otherwise little information and little time can misguide you. Focus of Full time trader is just on its ambition and they do not thing anything else so i will suggest that if you want success then consciousness each moment will increase your success. But one thing to be noted is future trading is so hard and is full of risk in my opinion.

People who are not great at trading should not become a full-time trader if they can't afford to. I mean full-time trader means that they would have to actually make a living out of it, and take money out each month. Whenever you have to buy groceries, or pay the bills or go out, all that money comes out of your trading capital and that's the biggest problem.

Full-time trading requires a huge capital to begin with, and you would need to trade each dollar move on high leverage to make a big profit. This also means you could lose all of that money too if it goes on the wrong direction and I would highly suggest not to do that if you are not a veteran trader already.

AnonBitCoiner

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Actually you can only be a successful trader if you become a full time trader otherwise little information and little time can misguide you. Focus of Full time trader is just on its ambition and they do not thing anything else so i will suggest that if you want success then consciousness each moment will increase your success. But one thing to be noted is future trading is so hard and is full of risk in my opinion.

GreatArkansas

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Quote from: blockman on November 30, 2022, 02:29:54 PM

Congrats and good for you. I'm sure you bet to know how many are always losing in futures and that's because they still lack experience and knowledge.
I guess, if you're a full-time futures trader then you're so good at it and you're making a living from it. Like you're going to make more than $100 a day or every trade you make.

I believe that even though OP is good at trading, there are times that you still lose, it's not Christmas day everyday in trading. There are a lot of traders who are losing millions even those companies or trading firms, still, lose and some of them went bankrupt.
So for me, we must not feel comfortable always when doing trading, we must learn and grow along the way.

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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.

I thought this was a poem, not until I have to read and re-read because really understanding what you said and getting your point.
Maybe I think you deserve an accolade for being a binance full time future trader and on behalf of the entire Bitcoin talk forum I'm congratulating you, because if that's what you're really expecting, then I jus want to let you know that no one give a shit about who you are and what you do, not in this very forum.
I also saw someone trying to advice you to not trust an centralized exchange, maybe you might be aware of this and rather than seeing it from the wrong perspective, why not see it as a reminder to not leave your money in centralized exchanges.

borovichok

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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.

Binance is on of the best exchange I've use for trading and it's highly recommendable. Some of us are still ignorant of the fact that trading is not everyone, only the discipline and consistent ones. Been a full time trader is one of the most point out target by people craving to be expert in trading. Although it's not easy to open a trading position by mere guessing, the market can't be predicted in most cases but can be analyzed and how where the trade is going, but they're not always 100% accurate.

jaberwock

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Quote from: goaldigger on November 30, 2022, 04:39:24 PM

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.

Does this mean you make a lot of money for being a full time trader?
There’s a lot of futures options with other CEX, so what’s the deal with Binance here and what are you trying to say with this one?

Futures requires analysis and being a full time trader here can be a big help for you to become more successful, if you are confident about your trading skills then its good for you and there is no need to tell that you are a full time trader. Futures are too risky though, make sure you monitor it closely.

He didn't say anything in regards to that but I can feel that he is earning enough according to his tone. Being a full time futures trader can be profitable or can be very risky but before we decide to be one of it, we need to practice properly first.

For now, we might need to stick on our jobs or business as our primary source of income while we are doing part time trades on the side or in the background. Regular spot trading do already require an analysis so how much more the futures trading? It obviously need more of it because it is more risky. Focusing full time on it can make us improve but it again like I said earlier it can also be damaging to our finances.

kamvreto

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MAaaN...!! CUT THAT STUPID SHIT

Do you just want to announce that you are a full-time professional trader? I do not understand your intent and purpose for stating this kind of thing without anyone asking and wanting to know about yourself.
Looking at the history of your previous posts, you only provide signals in the form of numbers without being included with technical charts, which of course is very important.

it's easy to write a number like that:

Quote from: Portocervo777 on November 30, 2022, 11:32:46 AM

Yes i do use TA analysis a lot.
Anyways today i choose my coin to be
Signal is here
Direction long:
Xrp/usdt
Price now 0.40$
Tp target: 0.42$/0.45$/0.48$
Stop loss: 0.39$

Enjoy and Merit If you Will thank me later

and you even beg for merit for posting the signal? did you get it? LOL

Pandu Geddon

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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.

I don't know how you do it to continue to benefit from your trading. but I'm sure you use capital that is large enough to be able to withdraw any of your daily profits for your daily needs.
I'm sure you are not the only trader who only relies on profits to meet needs. many of them are also successful with the trade management they have.
but futures trading has quite a big risk. however you minimize the risk, what is clear is that it will not make you immune from losses at any time.

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Quote from: Myleschetty on December 01, 2022, 09:42:08 AM

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.

The first thing that should always come to your mind is that every idea created by the CEX exchange especially Binance is mainly for them to profit from it.
From my understanding future trading is a very risky form of trading and some people regard it as gambling because of the level of the exchange ^{which is called house edge in gambling} taking everything while the trader makes a loss.
You thanking your star is the right thing, not Binance and I will advise you to stop or minimize future trading.

Maybe you mislead how the trading works even on futures trading. Binance only facilitates trading and charge user fee on every trade that they made. Every liquidated position will be sent to the lenders that lend you your margin and some of it goes to those position who win against yours. You’re just competing to other traders when you are doing spot and futures trading.

All the liquidated positions doesn’t go to Binance! This is the most common misconception on trading. Binance is just the middleman on every user trading. They always win no matter what is the trend but there profit is only limited to the fees and not all the liquidated assets because traders is not competing on exchange when trading.

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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.

The first thing that should always come to your mind is that every idea created by the CEX exchange especially Binance is mainly for them to profit from it.
From my understanding future trading is a very risky form of trading and some people regard it as gambling because of the level of the exchange ^{which is called house edge in gambling} taking everything while the trader makes a loss.
You thanking your star is the right thing, not Binance and I will advise you to stop or minimize future trading.

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I am a part-time trader and just occasionally on futures trading and spot trading. If you are a full-time trader, congratulations to you, as that will not be easy to be that type of trader. We are trying to be good traders and by that, we need to learn many things and practice what we've got.

How much capital do you use to trade in one coin?

If Binance becomes a scam, we must search for other exchanges. Although that is not easy, we need to do that to continue trading.

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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.

Many use trading as their source of income and many use trading as their part-time business, this is not a problem. But trading should be done on the spot. Future trading is very risky and future trading behaves like gambling. So it is wise to refrain from futures trading. So you should be careful about future trading

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You are welcome to the trading world friend, it's good if you are adequately equipped with experience. For you to be a full-time trader indicates that you don't lose your money, right? This is a good encouragement to others as I am also an active trader with futures trading which is the same as the traditional online trading that I started with.

Trading could be so challenging, yet with the right approaches, success would be consistently made. It took me several years to have my stand in it, that's why I would like to ask you who just began, how do you come about futures trading and what strategy are you using for sustenance in its trading?

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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.

So since you are a full time trader, I assume that you are already a so-called “guru” or “expert”? It’s unrealistic for cryptonians here regardless of our experiences that we can make trading a full-time career. Not even some pro traders out there are actually calling it full-time.

I have a friend who is a pro trader and is actually been doing well in both spot and futures trading on Binance. However, he did said to me that he is not considering crypto trading as a full-time job despite the gains he have. He still maintains his day job for sustainability. Crypto trading could give you much more, but not as a guaranteed or stable source of income.

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Quote from: blockman on November 30, 2022, 02:29:54 PM

I guess, if you're a full-time futures trader then you're so good at it and you're making a living from it. Like you're going to make more than $100 a day or every trade you make.

It depends on the country you come from and the amount of money you are using to trade while considering risk management too.

If you use bigger amount of money with just 1x leverage, the risk is low and the more the profit.

About the country people come from, example is the country that I come from, if I convert our minimum wage in a month to dollar using parallel market exchange rate, it is not up to $40. Assuming you earn 5 times more than that, that would be $200 which you can use to live good in my country every month and still have little savings. That is less than $7 daily profit in trading.

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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.

Does this mean you make a lot of money for being a full time trader?
There’s a lot of futures options with other CEX, so what’s the deal with Binance here and what are you trying to say with this one?

Futures requires analysis and being a full time trader here can be a big help for you to become more successful, if you are confident about your trading skills then its good for you and there is no need to tell that you are a full time trader. Futures are too risky though, make sure you monitor it closely.

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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.

Full time trader whether you are doing spot or futures then it do always counts because if you do say that you are on full time then you are totally allocating your time on doing trades or into this engagement.

Just bare it up into your mind that not all the day of trading will really be a profitable one, you should really make yourself aware that losses are always next in line.Market is unpredictable.
You might be profitable on this time but it wont really give out assurance that it would really be continuing and make yourself rich.This wont really be a smooth sail ride and this is why it is really
that suggested that you should really be that prepared for whatever situations that you might faced later on.Being full time trader is never been easy but since you do really
already end up into that point then you do consider yourself that sustaining.

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Congrats and good for you. I'm sure you bet to know how many are always losing in futures and that's because they still lack experience and knowledge.
I guess, if you're a full-time futures trader then you're so good at it and you're making a living from it. Like you're going to make more than $100 a day or every trade you make.

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Now I ask you at what point would you like to trust exchange I mean Centralized exchanged if you could lay your trust in binance then what more of FTX lapses, this was same way it was trusted before the sudden development that occurred recently and you trust Binance exchange.
My advice to you is never you lay a full trust or reliability to Centralized exchange as your money are not in your control. Bear it in mind that Note your key Not your money, and you keep saving money on CEX.
Traders on CEX needs to be fully oriented about security breaching issues which may occurs at anytime.

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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 ?..

Centralized exchanges are not designed to store cryptocurrencies. To store your coins, you need to use a wallet from which you have a private key. On a centralized exchange, it is necessary to store only that part of the deposit that is necessary for trading. An even better solution might be to use DEX.

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All I know is that trading is risky, especially for those that have just started trading and for those that just go for emotion. Also in overall discussion, trading is risky, especially future trading.

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

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

Binance provide the service because they want to profit from it, why then thanking them when there are alternative exchanges that are providing the service?

Quote from: d3nz on November 29, 2022, 06:18:00 AM

It's really hard to be a full-time trader if you have a lot of bills to pay and future trading is really risky if you don't have a proper trading plan, that's why most traders today switch from future to spot trading.

No trader will start with future trading, they all start with spot. If they learn future trading, likely they are not switching back but to go for 1x leverage or they just buy and hold which would be better on noncustodial wallet. Spot traders are mostly people that do not know how to trade in derivative market because 1x long position is just like spot trading.

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

That is true, just that future trading is riskier because of leveraging. What is the real trading in forex, stock trading and crypto trading is for a trader to be able to buy (open a long position) and sell (open a short position), although spot trading is trading too.

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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 ?

The point is, you shouldn't full trust any centralized exchange at all. Have only money you can afford to lose deposited there. I can assure you Binance won't be here forever. Have that at the back of your mind.

Quote from: d3nz on November 29, 2022, 06:18:00 AM

that's why most traders today switch from future to spot trading.

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

Risk management is the most important aspect of trading.

Quote from: d3nz on November 29, 2022, 06:18:00 AM

Most of the future traders are losing their assets since they only rely on trading signals

I am a futures trader and I don't rely on trading signals.

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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.

It's really hard to be a full-time trader if you have a lot of bills to pay and future trading is really risky if you don't have a proper trading plan, that's why most traders today switch from future to spot trading.

Most of the future traders are losing their assets since they only rely on trading signals which obviously a way to get money from newbie traders.

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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.

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.

Wapfika

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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.

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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.

Topic: Binance futures Are you full time trader ? (Read 437 times)