Crypto Future Trading Good or Bad ?

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I have lost tons of money in trading crypto future on binance until I changed my plan and trading style to swing because every short time move either up or down will effect your position in future trading but if you become the swing trader and go with long term plan so you can get rid of this loss things and eventually will start making money from it
 
Deleted member 1705787 said:
I have lost tons of money in trading crypto future on binance until I changed my plan and trading style to swing because every short time move either up or down will effect your position in future trading but if you become the swing trader and go with long term plan so you can get rid of this loss things and eventually will start making money from it
Click to expand...
Good infor
 
The future players I know have all gone bankrupt, what a risk :weep::weep: My lesson learned is to enter future trading if you are alert enough and do not touch the money you cannot compensate
 
Too bad
Because you won't see the future but admin of the exchange is setting this future
 
It's the same thing as casino. Somebody wins, somebody looses
 
seobackbone said:
Lets share your experience about Binance or other platform Future Trading ?
my experience is worst I lost 1000$
my funds liquadated in some minutes
I think we should avoid
right?
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trading in general is a very risky endavor however if your risk management is on point then it doesnt really matter if youre trading futures or spot
 
seobackbone said:
Lets share your experience about Binance or other platform Future Trading ?
my experience is worst I lost 1000$
my funds liquadated in some minutes
I think we should avoid
right?
Click to expand...

$1000 liquidated in some minutes tells me immediately that you were over leveraged and didn't even consider risk. With a $1000 balance and being liquidated in just a few minutes, I would guess you were 100x. This basically turns your balance into $100k. A 1% move is $1000. A 1% move in crypto is extremely common. If you lost $1000 that fast, you were over leveraged and got a margin call. You were essentially gambling.
 
I mean it’s pretty much gambling, but occasionally it’s fun to play around with it. I’d never go all-in with money I couldn’t afford to lose though, way to unpredictable market.
 
its awesome as long as u keep an healthy margin and don't start gambling.
 
seobackbone said:
Lets share your experience about Binance or other platform Future Trading ?
my experience is worst I lost 1000$
my funds liquadated in some minutes
I think we should avoid
right?
Click to expand...
Yes you should avoid it if you don't know what you are doing, your funds was liquidated in minutes, because you where using high leverage , its not gambling, you need to study and learn how to read market , and while you are learning you should use demo accounts not a real money , trading is not a sprint its marathon - if you want to learn trading and for free , watch ICT in YouTube , he is really the best !
 
Damn it! I feel shameful for myself, my phone was not infected with any virus, a guy wired me 2.001 and then he used photoshop and turned the picture into 2,001 and I returned that money.
 
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