I trade futures sometimes. I have success sometimes but I also have losses. I'm checking if anyone here has traded futures before or has some tips to share.
Data analyst and crypto enthusiast
Na. I might be wrong but I honestly don’t think it’s advisable or even wise to trade futures. I just think it’s too much risk for the reward. I’ll rather take the painful route of spot trading, at least worst case scenario, my coin or asset loses value. I don’t mind waiting it out though; I have held a coin for over 8 months simply because I didn’t want to sell it lower than the amount I bought it.
I have PTSD from trading 😭 I know people make money from it but nah, I'll leave that one for those who are good at it 🤣 The number of accounts I have blown and also witnessed being blown. No. No. No. Haha.
I hear you, I hear you, but what can a degenerate like me do?
Yesterday after making this post I got into 3 different positions and lost them all. 5 Hours later, I got in again and had a bit of luck, hehe.
Someone told me a simple trick: $BTC price affects the price of many coins.
Data analyst and crypto enthusiast
I don't think I can be a good idea, personally I haven't tried it yet.
I'm not familiar with this but I'm willing to look into it if its worth it? Hahaha. Judging from the comments though it seems there are more losses in these types of things than winnings so that's automatically a downer for me. Haha.
No and I don't plan to as well. I have seen my friends' loses hence too much risk and loss in futures. I would rather stay away from it
No - you really need to know what you are doing or you can lose a ton of money.
yes i did, sometimes i can make lots of money but sometimes also lose a lot.. you need to have lots of experience and knowledge to win..
@facebook-bawootaigho not really but I was trying out methods and I know people that try to guide me.
Data analyst and crypto enthusiast
Futures trading is only for professionals. If you are trading futures only risk what your willing to lose,try paper trading for a while.
No never…. but from how people are talking it doesn’t seem like the best idea😭
I was planning on starting to trade though:(
I totally agree with what you guys are saying. Futures trading can be a wild and unpredicatable journey. I’ve had my share of wins, but I’ve also taken some pretty hard hits. It’s for sure that there’s a lot more to it than just being lucky.
