This is How Risky it is to trade futures - over $1, 148, 000 Lost in one night

[Uruhara]

Every time the market becomes more aggressive, such as a drastic decline and a drastic increase, many positions are always liquidated. And yes, many traders experience losses and there are also many traders who, on the contrary, experience increases. This is what is unique about the futures market. But until now I still rarely enter the futures market. because I think the risk is very high and I can't face it yet. Because entering the futures market seems to require really cooler capital. And we also have to be proficient in market analysis.

[LogitechMouse]

~
Alot of lessons to learn from this incident, imagine he had rushed to kill himself, and Binance later returned this money? 🤦🤦🤦🤦
SUICIDE HAS NEVER BEEN, AND WILL NEVER BE THE SOLUTION TO ANY PROBLEM IN LIFE, NEVER EVER SEE SUICIDE AS AN OPTION, NO MATTER THE SITUATION.

This isn't only applicable in trading, but in all aspects of life.
Suicide will always never be a solution to our problems. I'm not a religious person, but I believe that our creator will not give us problems that we will not be resolved.

Anyway, it's still good that some of those funds have given back, and if he already multiplied his money with the help of futures trading, I believe that he can just do it again. Now the question is "What happened to that trader already?" Did he continued to trade and recover those losses? I just hope that he's still ok until now, and he moved on from that incident already.

Nevertheless, this is just a warning that don't try to do futures trading if you're a newbie in trading, or if you want to try as a newbie then at least expect for the worst and don't spend too much capital just to have experience on it.

[EthereumDev_]

Every time the market becomes more aggressive, such as a drastic decline and a drastic increase, many positions are always liquidated. And yes, many traders experience losses and there are also many traders who, on the contrary, experience increases. This is what is unique about the futures market. But until now I still rarely enter the futures market. because I think the risk is very high and I can't face it yet. Because entering the futures market seems to require really cooler capital. And we also have to be proficient in market analysis.

When that happens, it should be natural because the market is currently unstable and prices tend to be stable so whales will try to move coin prices in the market by making aggressive price movements, one of which is doing pumps and dumps fairly quickly.

[Jamal Aezaz]

I think all trading has risks, even trading in our own way also has risks that can make our assets disappear, so never be afraid of the risks, continue to face everything in the right way and remain alert to the situation in the market. Don't be easily influenced by price increases that occur temporarily because it could just be a trap.

All trade has the risk but we should not take this risk without knowledge and if we acquire skills well, have money for trading, have tolerance for every position and are efficient of using a specific strategy for specific types of coin then we should take the risk.

Remember that all types of trading is risky but future trading possesses maximum percentage of risk and people often choose it because they want quick gain but i think utilize your energy in finding a better coin to make a simple trader and don't be a part of future trading as it will just damage your funds.

[LogitechMouse]

Many people dont know how risky futures trading is. Whenever I trade, I believe I'm trading to lose. So when I see profit, I take it. Same as buying altcoins which I use a feature on Bitget call smart portfolio to automatically take profit from them.

I just hope that I have this kind of mindset when I'm still trading.
I also tried to trade in futures, but like most of the traders, I also failed and lost money on it.

Futures trading requires lots of knowledge, lots of balls, lots of capital to start, and of course, lots of skill in decision-making. It's good that most of the exchanges right now have a stop-loss/take profit option already so that you can set your stop loss or take profit. For me, that makes the trader at least a bit safer in their trades.

[Dr.Bitcoin_Strange]

I think all trading has risks, even trading in our own way also has risks that can make our assets disappear, so never be afraid of the risks, continue to face everything in the right way and remain alert to the situation in the market. Don't be easily influenced by price increases that occur temporarily because it could just be a trap.

All trade has the risk but we should not take this risk without knowledge and if we acquire skills well, have money for trading, have tolerance for every position and are efficient of using a specific strategy for specific types of coin then we should take the risk.

And it's always advisable never to risk more than you can afford to lose because that's what mainly brings the frustration after losses.
Certainly the market is highly volatile and unpredictable and have the potentiality of losses, the losses will always come, which is why it's important to manage your risks and work on one's risk tolerance in order to avoid losing too much.
It's true that no risk no reward but that doesn't mean one should go ahead to risk what he can't afford to lose.
This is mostly the problem with investors, due to promises of high returns and profits, they end up risking way too much and when things doesn't go as planned, they become frustrated.

[milewilda]

Many people dont know how risky futures trading is. Whenever I trade, I believe I'm trading to lose. So when I see profit, I take it. Same as buying altcoins which I use a feature on Bitget call smart portfolio to automatically take profit from them.

I just hope that I have this kind of mindset when I'm still trading.
I also tried to trade in futures, but like most of the traders, I also failed and lost money on it.

Futures trading requires lots of knowledge, lots of balls, lots of capital to start, and of course, lots of skill in decision-making. It's good that most of the exchanges right now have a stop-loss/take profit option already so that you can set your stop loss or take profit. For me, that makes the trader at least a bit safer in their trades.

You would really be needing that balls of stell
You would really be needing that kind of numb emotions
You would really be needing that experience that you have got on spot

Trading in futures is really that too damn hard. Dealing up with higher leverage is really that considered gambling even if you do apply
that analysis but still it is really just that too fast on blowing up your trading account. 

[JISAN]

If someone suddenly loses such amount in future training then they will be shocked. But he has to accept it because he himself knows that future trading is very risky, but if he does future trading with such an amount, then he has to take the responsibility himself.  Future trading is a bit like gambling.  Here one can become poor in a short period of time and can become very rich in a short period of time and it can happen in few minutes. For this reason, future trading should be avoided.