HOW TO PROTECT YOURSELF FROM LOSSES WHEN TRADING CRYPTO

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Hustlebuddy

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I've been in the crypto space for a while now, and with every day that passes, I cannot help but feel like trading especially futures is a rollercoaster.

One minute I'm the best in the world, and the next, I'm staring at a loss that stings a little too much. Although I try my best to avoid these losses, I understand that trading isn't that smooth and I'd lose some trades at some point.

What matters is that I stay consistent and not over risk. It also helps that exchanges like Bitget, offers opportunity that gives users the chance to double profits on a $100+ trade, while also getting 100% cashback on your losses up to 10 USDT, if trades do not go as planned.

I like to think of it as having a safety net, making those bigger moves feel a lot less risky, and I'd like to know if anyone here has participated in something similar.
 
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Margin/ future trading is not for you if you are a low baller. Yes, it might sound harsh to you but that's the reality.
People who get into future trading are having 1million capital in spot and taking a risk of $50k in the future. If all you have is $5k or less balance, then I'd suggest that you go in to spot trading. 90-95% of the people lose money in future trading, only 5-10% actually make profits.
My business partner recently lost $77k in future trading and is still in shock.
 
The best way to protect your self from losses in Trading is:

1. No Leverage
2. Long-Term
3. Buy after a big deep
4. Don't Trade! :O
 
JasonS said:
Margin/ future trading is not for you if you are a low baller. Yes, it might sound harsh to you but that's the reality.
People who get into future trading are having 1million capital in spot and taking a risk of $50k in the future. If all you have is $5k or less balance, then I'd suggest that you go in to spot trading. 90-95% of the people lose money in future trading, only 5-10% actually make profits.
My business partner recently lost $77k in future trading and is still in shock.
Click to expand...
I get what you mean, and I understand that if you have more capital you'd have a lot more profit margin.
I currently trade spot, and I started futures recently, I just thought I could leverage that event for now and pair that with a good risk management plan.
 
pennyweight said:
The best way to protect your self from losses in Trading is:

1. No Leverage
2. Long-Term
3. Buy after a big deep
4. Don't Trade! :O
Click to expand...
Wow, but the bulk of my engagement with crypto is spot and futures trading, I understand how risky it is, but over time I've been making some profits, and I realise that as long as I'm not chasing unrealistic gains, I'm usually fine.
You don't trade at all?
 
Hustlebuddy said:
I've been in the crypto space for a while now, and with every day that passes, I cannot help but feel like trading especially futures is a rollercoaster.

One minute I'm the best in the world, and the next, I'm staring at a loss that stings a little too much. Although I try my best to avoid these losses, I understand that trading isn't that smooth and I'd lose some trades at some point.

What matters is that I stay consistent and not over risk. It also helps that exchanges like Bitget, offers opportunity that gives users the chance to double profits on a $100+ trade, while also getting 100% cashback on your losses up to 10 USDT, if trades do not go as planned.

I like to think of it as having a safety net, making those bigger moves feel a lot less risky, and I'd like to know if anyone here has participated in something similar.
Click to expand...
Futures trading needs a lot of discipline. Risk management is also key. Don't be greedy. I also agree with you that you can scale up with extra initiatives like the one you mentioned on Bitget. But the key is risk management and good knowledge of technical analysis..
 
Honestly, at this point in such a volatile market using leverage seems to me like a straight up gamble. I stick to mostly BTC & ETH and try to keep a long term perspective (5-7 years).
 
In my point of view to protect yourself from losses firstly make a proper research , modify investments , avoid fast decisions and secure your assets with strong security measures.
 
The easiest way is to stick to BTC and ETH, do not buy on a bull run, do not get affected by FOMO. If it goes up like crazy, it will go down like crazy, just be patient.
 
To shield yourself from misfortunes while exchanging crypto, utilize these methodologies:

Set Stop-Misfortune Orders: Naturally sell resources in the event that their value drops to a specific level.
Differentiate Your Portfolio: Try not to place every one of your interests in a single resource.
Use Chance Administration: Just contribute what you can bear to lose and keep away from inordinate influence.
 
You need to have proper risk management and good skills on Technical analysis. Trust your learning process.
 
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