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Cryptocurrency Trading / Re: This is How Risky it is to trade futures - over $1, 148, 000 Lost in one night
« on: May 18, 2024, 07:38:47 PM »You would really be needing that balls of stellMany 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 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.