My bad experience!

BlessingGod

BlessingGod

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Jan 4, 2025
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I haven't even been a trader in crypto for 1 year. and because I taught myself, I didn't have a good understanding of crypto, I only had capital and was reckless, the price I had to pay for that was that I lost all my savings due to trading in the future market with high margins and leverage. I'm so desperate now.
should I stop or what? is there any suggestion for this?
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Don't invest in futures, always try to prioritze investing in spot and traditional holding if you are not an expert
 
I believe futures trading is like going to a casino the only difference is that futures have charts

I am so sorry for your loss OP anyway I hope you learnt the lesson there is no quick way to be rich if you want to trade futures again make sure it won't be more than 1% of your money
 
SeasonedCode said:
I believe futures trading is like going to a casino the only difference is that futures have charts

I am so sorry for your loss OP anyway I hope you learnt the lesson there is no quick way to be rich if you want to trade futures again make sure it won't be more than 1% of your money
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Yes brother, not againt , I also don't have the money for that, and what's left of it is only $2000 worth of debt. I'm so crazy ‍
 
BlessingGod
English Please.

As for the losses it sucks.

But one thing though, why would u invest money into these stuff anyways? isn't there better ways to make money?

Just stay away from trading, then specially with leverage and etc.

And never invest more than you can afford to lose))) NEVER.
 
Dollyrocks said:
Always play with Stop loss, if you are not sure then
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I've done it but, because of the possibility of a wrong method or something. When I enter a position, I always get a stop loss.
 
Sorry to hear that, dude, but you went to that shit yourself.

The desire for easy and fast money leads many people into a hole, I hope you have gained valuable experience and recognize that money is earned through hard work.

Welcome on BHW

Read, study, and make your life easier so that your current savings don't become such an unaffordable sum for you.

good luck!
 
chained said:
Sorry to hear that, dude, but you went to that shit yourself.

The desire for easy and fast money leads many people into a hole, I hope you have gained valuable experience and recognize that money is earned through hard work.

Welcome on BHW

Read, study, and make your life easier so that your current savings don't become such an unaffordable sum for you.

good luck!
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Yeah brother, that's true! Thanks for your attention, I really appreciate that!
 
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