Futures Trading is not for everyone - page 5.

strunberg

sr. member

Activity: 1344

Merit: 335

#SWGT PRE-SALE IS LIVE

Quote from: TribalBob on July 29, 2022, 10:04:44 AM

Of course, what you say is true. Futures Trading is not for everyone, because when I personally ask friends I always say don't ever try and learn about this trade, it's too risky.
only people who are ready to accept loss survive in this trade

for those that not expert in spot trading , better to avoid futures trading due its risk that high and could make our balance liquidated only in few hours when market being crazy and our position wrong. alot beginer speculate in future trade due collecting profits faster than spot trading, but they dont realize with its risky. Money management must strictly applied to avoid margin call.

Xal0lex

staff

Activity: 2436

Merit: 2347

Futures Trading is not for everyone? Just like any kind of trading. How many people earn from trading and have been doing it successfully for years? Probably very few. Trading itself is very risky. I think the problem with futures traders is that they get too comfortable with risk, relying on the formula the more leveraged money, the higher the possible profit from the trade. These traders are cranking their leverage to the max and going bankrupt. There is a good comparison between the spot market and the futures market. In the spot, you can wait it out indefinitely, but not in derivatives.

gabbie2010

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

Quote from: Outhue on July 29, 2022, 03:57:01 AM

If you are a crypto trader using spot I advice you should stick with it till you become a professional trader, just because you start futures and win three rounds of short or long buys doesn't mean you are officially a pro trader....

I thought I was a pro coming from spot trading, I used 300$ which I planned to use to DCA into a project but a man can dream, my first attempt was successful, which net me 50$ and the second was 100$, the third round was 40$ and I close the trade for the day...

On the second day I lost everything, I now officially accept that I am far from been a pro trader, at least that's what I thought 🤔.

I one tried future trading with Binance it ended up as a very sad experience, within a twinkle of eye my account got liquidated, I moved from cross margin to future trading having made some profits through the former hoping to make such in the latter unfortunately it was a very bad decision that I took and vow never to step into future trading again, earning some reasonable profits in spot or cross margin trading is less risky and better than subjecting to a more riskier future trading newbies should be aware of the warning on future trading.

Doell

hero member

Activity: 2156

Merit: 531

Indeed, it is a high risk feature and I think people who know how to analyze graphics are also not all lucky to use this feature. By the way your first try was actually good because you won and take profit, most of my trading friends didn't even succeed with their first try, I personally no interest in this feature.

BIT-BENDER

hero member

Activity: 1666

Merit: 709

Playbet.io - Crypto Casino and Sportsbook

I still know people who are making it in Future trading, in fact no aspects of tradings is considered easy or light weight but many greedy oriented people thinks other wise, there are people who I personally know that weren’t traders and few days time start to post that they are traders. We have many novice in trading and the are either losing funds or they are getting scammed, pay more focus and attention on being good at trading.

kamvreto

legendary

Activity: 1946

Merit: 1157

MAaaN...!! CUT THAT STUPID SHIT

We all need to know what the risks involved in each type of trade are. Spot trading may be safer because there will be no liquidation, but futures trading has a greater risk, because every wrong short or long order will experience liquidation which means our assets will be lost. As a beginner, it's better to just trade on the spot, I'm currently only doing spot trading because it's less risky and not in a hurry. But for those who are professionals and are good at doing chart analysis, trading futures can be an option to get faster profits because Futures are two-way trading.

Anonylz

hero member

Activity: 2562

Merit: 577

The way some traders brag about their earnings from futures trading usually entices some newbies to want to try it. In one of the telegram group chat i follow, some futures traders guys in the group usually make so much noise about their trade and make the rest members who don't trade futures feel like they are missing out. Just as traders can win big with futures so also they can lose easily with one little miscalculation, better for those who can't read the chart properly to stick with spot trading.
@op your second attempt should have been half of your funds.

Jancuki

member

Activity: 789

Merit: 10

It's not just anyone who can jump into futures, for me people who are suitable for playing futures are those who can see and analyze price charts. At least having that experience can be a capital to understand where the direction of price movements will tend to go, although it is certain that not everything is going as desired. I myself am more comfortable with spot trading.

Zanab247

full member

Activity: 1358

Merit: 207

Catalog Websites

Quote

Of course, what you say is true. Futures Trading is not for everyone, because when I personally ask friends I always say don't ever try and learn about this trade, it's too risky.
only people who are ready to accept loss survive in this trade

Those that tried it in the past never advice people to go into future trading because it's very easy for someone to reduce to zero level in financial aspect, if you don't use your head to invest the little you can afford to lose. Future trading is good for those that have one mind or have a strong faith that this thing will bring a good result at the end of the investment, are the one making a huge amount of money from future trading because their faith is seriously working for them.

rozak

sr. member

Activity: 1960

Merit: 273

★Bitvest.io★ Play Plinko or Invest!

Quote from: CuriousGeorge on July 29, 2022, 10:41:55 AM

futures trading needs diligent emotion control and I think more suited for the professionals.
there have been case of traders losing all their wealth over night with futures trading once their strategies went wrong, i couldn't sweat the fact that futures trading is kinda similar with binary, i'd definitely stay in using traditional trading instead since that seems like suited for the low skilled.

if you don't have the skills then it's better not to try it. Futures trading is indeed profitable for those who do have decent skills. especially to get profit in a short time.
I myself also trade spot and futures. but I don't trade futures very often. only occasionally to make a small profit. I also use small capital, because I know the risk is also greater trading there.

BuNga_cute

full member

Activity: 1736

Merit: 116

Quote from: TribalBob on July 29, 2022, 10:04:44 AM

Of course, what you say is true. Futures Trading is not for everyone, because when I personally ask friends I always say don't ever try and learn about this trade, it's too risky.
only people who are ready to accept loss survive in this trade

If we are new to trading, we should avoid futures trading, because futures trading is not for everyone. Only people who are experienced in the crypto
world and also people who have good analytical skills can try futures trading. Although the risk of futures trading is very high, but if we are successful,
the profit generated is also very high. So it depends on each of us whether we dare to take risks, if we feel we can analyze the market well, there is
no harm in trying futures trading. But I prefer spot trading, besides the risk is smaller, spot trading is suitable for everyone. In conclusion, the difficulty
level of futures trading is very high, so consider carefully if we really want to try futures trading.

CuriousGeorge

sr. member

Activity: 1498

Merit: 251

KUWA.ai

futures trading needs diligent emotion control and I think more suited for the professionals.
there have been case of traders losing all their wealth over night with futures trading once their strategies went wrong, i couldn't sweat the fact that futures trading is kinda similar with binary, i'd definitely stay in using traditional trading instead since that seems like suited for the low skilled.

TribalBob

sr. member

Activity: 1330

Merit: 257

DGbet.fun - Crypto Sportsbook

Of course, what you say is true. Futures Trading is not for everyone, because when I personally ask friends I always say don't ever try and learn about this trade, it's too risky.
only people who are ready to accept loss survive in this trade

virasisog

hero member

Activity: 1820

Merit: 537

Quote from: traderethereum on July 29, 2022, 09:15:19 AM

Quote from: Outhue on July 29, 2022, 03:57:01 AM

If you are a crypto trader using spot I advice you should stick with it till you become a professional trader, just because you start futures and win three rounds of short or long buys doesn't mean you are officially a pro trader....

I thought I was a pro coming from spot trading, I used 300$ which I planned to use to DCA into a project but a man can dream, my first attempt was successful, which net me 50$ and the second was 100$, the third round was 40$ and I close the trade for the day...

On the second day I lost everything, I now officially accept that I am far from being a pro trader, at least that's what I thought 🤔.

Maybe you made a wrong analysis for the second day, which made you lose everything.
Sometimes, if we can make a profit on the first day and close the trade, we can lose everything on the second day as our greed will grow and we will say that we can make another profit on the second day.
Or maybe your emotions become bigger and you can not control them as well as on the first day.
You can get many factors after winning on the first day that can impact the next day because you will want to have the good result as before and that is normal.

Gaining profit for the first time could make a trader feel excited and overwhelmed which leads to greed on the next day. It's better if we'll be fully equipped not just with knowledge about what we're doing but also about the risks and possibility of losing especially in margin and futures. Even professional traders lose because of wrong technical analysis so we better be careful because it isn't really for all traders and not for those who are not able to manage their emotions.

Ararbermas

sr. member

Activity: 2016

Merit: 283

Quote from: Outhue on July 29, 2022, 03:57:01 AM

If you are a crypto trader using spot I advice you should stick with it till you become a professional trader, just because you start futures and win three rounds of short or long buys doesn't mean you are officially a pro trader....

I thought I was a pro coming from spot trading, I used 300$ which I planned to use to DCA into a project but a man can dream, my first attempt was successful, which net me 50$ and the second was 100$, the third round was 40$ and I close the trade for the day...

On the second day I lost everything, I now officially accept that I am far from been a pro trader, at least that's what I thought 🤔.

always don't fell on your emotions when trading, that's the lesson for you mate!.
Because you know it doesn't matter if you trade spot or futures as long as you have risk management and you know what you're doing in every trade it's all fine and you still can regain afterwards even you made mistakes at the beginning.

And also don’t be so hype after winning because you will become a greedy trader.. where in always make an adjustment to prevent massive losses especially when it comes futures because it's not a joke and it can really burn your account in just a blink of an eye... So for now lesson learn mate!

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Quote from: Outhue on July 29, 2022, 03:57:01 AM

If you are a crypto trader using spot I advice you should stick with it till you become a professional trader, just because you start futures and win three rounds of short or long buys doesn't mean you are officially a pro trader....

I thought I was a pro coming from spot trading, I used 300$ which I planned to use to DCA into a project but a man can dream, my first attempt was successful, which net me 50$ and the second was 100$, the third round was 40$ and I close the trade for the day...

On the second day I lost everything, I now officially accept that I am far from been a pro trader, at least that's what I thought 🤔.

Maybe you made a wrong analysis for the second day, which made you lose everything.
Sometimes, if we can make a profit on the first day and close the trade, we can lose everything on the second day as our greed will grow and we will say that we can make another profit on the second day.
Or maybe your emotions become bigger and you can not control them as well as on the first day.
You can get many factors after winning on the first day that can impact the next day because you will want to have the good result as before and that is normal.

Beparanf

hero member

Activity: 2954

Merit: 796

Quote from: Outhue on July 29, 2022, 03:57:01 AM

If you are a crypto trader using spot I advice you should stick with it till you become a professional trader, just because you start futures and win three rounds of short or long buys doesn't mean you are officially a pro trader....

I thought I was a pro coming from spot trading, I used 300$ which I planned to use to DCA into a project but a man can dream, my first attempt was successful, which net me 50$ and the second was 100$, the third round was 40$ and I close the trade for the day...

On the second day I lost everything, I now officially accept that I am far from been a pro trader, at least that's what I thought 🤔.

How come you lost it all on a songle day after your winning streak? Do you even know to how to use stop loss in your trading? I think Futures Trading is specifically not for traders that don’t use stop loss feature because this the most important feature on Futures trading that needs to be known and setup before you will enter any position on your trading. This lose is really painful because I know how hard to earn small money on multiple small trades and just busting it in a single day.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

Quote from: bitkanu on July 29, 2022, 08:16:46 AM

agreed, it might seems that future trading is easy, actually it could incur losses if we couldn't manage our emotion, there has been many traders out there that begins with full confidence and ended with massive losses,
I think for average traders, it's better to stick with the normal trading that's the spot trading since it's like basic economy, instead of future trading that requires advanced analyzation.

I'd notice that if you are good at this thing you can't be good at the others. Likely, if you are good at spot trading, you find it difficult in Future trading. This is what I see some people who have been in Spot Trading for many years still stay there and have no plan to step up knowing that they can be outperformed there. Such a wise decision but guess what? That should be the case as simply we can underestimate Future Trading nor it can be easy just like Spot trading.

inanilujimi

sr. member

Activity: 1876

Merit: 259

There is too much manipulation if we play in futures trading, especially if the altcoin we choose to trade, I still remember being cheated by the exchange, precisely gate io in trading futures. they easily liquidated my assets even though the price had not reached the margin price.
if you want to try it doesn't matter but my advice is never to leverage more than 10 x if our capital is not thick enough.

bitkanu

hero member

Activity: 2184

Merit: 513

Moonbet.io | Web3 Casino

agreed, it might seems that future trading is easy, actually it could incur losses if we couldn't manage our emotion, there has been many traders out there that begins with full confidence and ended with massive losses,
I think for average traders, it's better to stick with the normal trading that's the spot trading since it's like basic economy, instead of future trading that requires advanced analyzation.

Topic: Futures Trading is not for everyone - page 5. (Read 941 times)