Dear friends, do yourself a favor today, until it is too late, transfer your funds from the futures account. Let it be a holiday gift to your spot wallet 😂.
Especially if you are beginner like me.
If you desperately need adrenaline, you can leave small amount there and gamble all you want. Of course there will be wins. But no one quits after win they stay until they loose. I had great trade on futures, but I had bad ones too. My PNL was hovering around breakeven +-5-7%. I decided not to learn the hard way by loosing everything😁. It is just unsustainable way of making money, at least with my current level of expertise.
Options? Forget it if you don’t know statistics and greek alphabet 😀. And even if you do, theta will defeat your strategy.
And almost missed my favorite, hedge mode on futures. Simply speaking, better send those money to charity. Anyway market will liquidate both long and opposite short positions. It is worse than losing directional trade, because it provides false hope and illusion of breakeven.
I mentioned earlier that most profitable for me was DCA-ing into top-10 index. Even with the market downturn, it is still running and still in profit.
Everyone, have a happy holiday season 🎄🎄