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Why Futures Trading Feels Like Gambling: Lessons from yesterday Market Unpredictability 😒😮💨🥶
Why do people often feel devastated when they face losses but are overwhelmingly joyful with their gains?
Futures trading in crypto, despite its allure, often resembles gambling. Even with strong analytical skills, expertise in candlestick patterns, or years of experience, the market's unpredictability can render strategies ineffective. A prime example is yesterday's market activity: many experts and professionals confidently recommended long positions, but today, their posts are filled with regret over significant losses.
This highlights a critical point: even the most seasoned traders cannot accurately predict market movements, such as identifying whether it's an "alt season" or not. Yesterday’s dump resulted in many experts waking up to liquidated positions instead of profits.
There is no such thing as a strategy that guarantees fast gains without the risk of losses—unless you are exceptionally lucky.
For a more sustainable approach, consider sticking to spot trading. While the gains may be smaller, the risks are significantly lower. Moreover, with spot trading, there’s always the possibility of waiting for the market to recover, minimizing permanent losses.
Remember Hold is Gold
