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🚨99% of people who trade futures lose their money

If you still think that you are going to be able to make your first million with futures, I am sorry to disappoint you but it is going to be very difficult. Only big teams that can control the market make money this way.

🖇️ Futures work with leverage, which means you can control a large amount of assets with a relatively small investment. This can significantly increase potential profits, but it also amplifies losses. For example, if you buy a futures contract for $10,000 with 10:1 leverage, you only need $1,000 in cash. If the asset price increases by 10%, you will earn $1,000; but if it drops 10%, you will lose $1,000, which means a loss of 100% of your initial investment.

👨‍💻 I have also personally tried futures, and yes, I have made profits but then I lost all that money. Finally, after losing a good amount of money, I realized that you can't make money like that, and that it is better to operate in spot.

🤓If you are a beginner, I do not recommend getting into futures. Better focus on long-term investing or spot trading. Everyone I know who has tried futures has lost their money. On the other hand, no one who has invested in Bitcoin is losing.

Those who have already tried futures, how much money have you lost? I hope this publication helps many people who are thinking about entering this world, and prevent money losses. If you found the post useful, support me with a 😍 and follow me to learn more about cryptocurrencies.

I MADE A MISTAKES

Here are the top mistakes I’ve made in crypto, so you can avoid making them yourself:

1
Lack of research: Always DYOR before investing in a project.
This is common knowledge but most people still blindly by coins just because someone says to buy it or it is hyped. Check the chart, check the audits, check the website and social media pages. Trust me, your portfolio will thank you.

2
FOMO: Don't make impulsive decisions based on fear of missing out.
This will almost always cause you to lose money. Investing when you see a project with strong fundamentals, WHEN you see it. Not days after you faded and everyone is celebrating their wins.

3
Poor security: Keep your crypto safe with strong passwords & 2FA.
It’s always other people until it’s you. When you have your MetaMask open be careful not to click any unknown links. Always triple check Urls and be extremely cautious of anyone trying to “help” you especially if they need things like screenshots or any personal info.

4
Overtrading: Stick to a strategy and avoid emotional decisions.
Trying to stick your fingers in too many baskets won’t work in your favour. A lot of things will run during the bull run, don’t trade with emotion, make a plan and ALWAYS stick to it. Generally people make the most money when they buy and hold, rather than chasing each dip and top.

5
Ignoring market trends: Stay updated on the latest news & trends to make informed decisions.
Don’t try short in a bull market. It’s simple.
Following these steps should help you avoid making the most common mistakes during the bull market.
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Btc history will be repeat. Be careful its very critical movement #Write2Earn #btc

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