Actually it is greed that makes us lose a lot in futures trading. Technically it's no different from the spot market, the difference is only because both profits and losses can be doubled and it really affects psychology.
Even pro traders will not always profit on each entry, for that the number of entries should adjust the assessment of the accuracy of the analysis results. It doesn't mean that you always increase your leverage even though you are always profiting or want to cover your losses
Topic: Futures Trading is not for everyone - page 6. (Read 761 times)
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 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 🤔.
Lol, I already knew where this was going even before reading through, yeah most people often get carried away with few consecutive wins they now consider themselves as pro when trading futures, they will even argue with others and act all tough.
Okay, it is good you realize you are still a baby in the futures game and walk in that part until you grow to be an adult,
i guess you just blow your dream to dca before the market goes balistic. I thought I was a pro coming from spot trading.
You allowed your emotions to get in your way of making decision. You were not truthful with yourself else you would have told yourself that you were not ready for what you were about getting yourself into. This is money we are talking about and you always have to be super sure of yourself whenever you make a decision as regards it, second guessing is not encouraged especially in trading. 
You shall learn from your lose. You may be doing a mistake that makes your money gone. Losing in the futures trade is a common thing. that means if you didn't have good mentality. there are bunch of people who have been loosing thousands or even hundreds of thousands dollars in futures trading but again this is a competition between you with another traders. If you can't predict the market correctly and losing was inevitable. You must take it as a good lesson.
Complaining about it will not solve your problem caused by the fact that bunch of people are actively doing trade in the market.
Complaining about it will not solve your problem caused by the fact that bunch of people are actively doing trade in the market.
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 🤔.
That's how trading works, the same as gambling, you win today and may lose tomorrow. Or go on a winning streak today and tomorrow but, you can everything for the next few days. OP is telling a reminder to those that have won for a few trades and think that they're unbeatable and already a pro traders. Well, it's easy to think that you're always learning and whether you win or lose, you're anticipating both of them as an outcome. Gain more experience and have more patience to control your emotions. Trading isn't easy and don't believe to those social media influencers and trading gurus that seem showy to the public only with their gains.
In the first place, trading itself is not for everyone as this is only for those who are not afraid to take risks and are willing to lose their money.
Spot trading is advisable for beginners and even to have this until you claim yourself ready to step up to a riskier type of trading which is Future Trading. Experience is really needed for this -
I won't stop people to try this at least they have some reason why they stay using Spot trading and understand the risk in Future trading.
Spot trading is advisable for beginners and even to have this until you claim yourself ready to step up to a riskier type of trading which is Future Trading. Experience is really needed for this -
I won't stop people to try this at least they have some reason why they stay using Spot trading and understand the risk in Future trading.
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 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 🤔.
The level of patience on individual traders is different so futures is not really for everyone. I see a lot of traders settle only on spot trading because for what I see they cannot take the huge risk given by this option since we really need to spend time to watch how the market moves because if we are not there to guard our trades for sure we will lost since market is so volatile.
Beginners luck perhaps?
But I do agree, it could be spot trading would be the best for the majority of us. Because Future trading is a big risk (well crypto is a big risk already). Yes, in the beginning when you taste that first, second and third profit, you think that, "oh that's great", you can do it easy .
Nevertheless, when you experience your first lost and it's going to be big, perhaps all the profits you got will be lost in just that one trade of yours.
But I do agree, it could be spot trading would be the best for the majority of us. Because Future trading is a big risk (well crypto is a big risk already). Yes, in the beginning when you taste that first, second and third profit, you think that, "oh that's great", you can do it easy .
Nevertheless, when you experience your first lost and it's going to be big, perhaps all the profits you got will be lost in just that one trade of yours.
that's actually depend on the market. If you are greedy enough and you will be using whole of your money to trade in the futures. it's not about how big PNL you can make from there but it's about how consistence your profit from doing the future trade.
You shall always use around 10% from your all of your funds to trade in the future. I meant the hardest think is if the market was actually unpredictable.
Sometime the whales can pump or dump the tokens that makes you become liquid. This is crypto. futures pretty much similar as gambling but did you use stop lose?
You shall always use around 10% from your all of your funds to trade in the future. I meant the hardest think is if the market was actually unpredictable.
Sometime the whales can pump or dump the tokens that makes you become liquid. This is crypto. futures pretty much similar as gambling but did you use stop lose?
it is best to stay away from futures and margin trading
most traders lose money when trading futures, if they only use spot trading the loss won't be too big
most traders lose money when trading futures, if they only use spot trading the loss won't be too big
Addiction on future trading could lead to a tragedy. I myself is addicted to it when I realized some gains on it. For me its really easy money with a little short of time but other trades I also lose and unfortunately, I am more losing than winning eversince on future trade. I really thought technical plays a 100% on that but sometime its not enough. Even my prediction panned out the market works on mystetious ways. So I also agreed that before trying out better to knew 100% evetything about it. Its not about knowledge but the actual events on future sometimes make you question the high volatility of market and unpredictable movement.
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 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 🤔.
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