Hello everyone. Here, I will be posting my futures trades and market thoughts.
If you're interested, feel free to subscribe to this thread.
Here’s the first trade that took place on 01.10.24 on the ALT coin.
I am actually not interested in future trading. because future trading is much risky because greed will work here very actively and you can loss your full trading fund and make it zero very quickly. i am think future trading is like gambling. that's why i am avoid this. but you can use your strategy on spot trading. and i think the best strategy is buy with DCA and hold for long term only.
Well, the problems arising as to futures trading more or less are in order, considering the risk element as well as the psychological proclivity to such things as greed. Of course, securing our funds is always a priority, and the choice to not invest in things that look like gambling can be helpful in ensuring that on some level we are calm. By inclining to spot trading and using approaches like DCA, one is in a better position to form a stable portfolio in that apart from reducing risks, one invests incrementally hence steadily in the long run. Staying true to this effective plan is probably the less stressing approach to pursuing financial objectives.
I recommend that beginners definitely start with spot trading, but this is all a long-term investment, although sometimes you can quickly take a 15-25% net price movement.
For futures, I recommend starting with a demo account and definitely using stop-loss; otherwise, you will surely lose your deposit. I have encountered this myself.)