My thoughts on Futures Trading đ€
In recent times I've seen a lot of people publishing posts on how they've lost all their assets in a single candleshot, or maybe by making some unlucky trades in a row.
I've been in losses recently also, but in my case losses were very low in comparison (and still my account in general is more valuable). Why? Simple: I'm assuming very little losses in Spot trades instead of risking much more in Futures!
Now, there are some assumption everyone has to know before starting trading in Futures Account:
1) DYOR before trade! That means, make research on everything involved in what you're intending to trade. It means: the platform and its conditions, crypto/token tokenomics and market trends in present and historical, and the counterpart's behavior in the market (even stablecoins have their issues).
2) The most important: NEVER do leverage if you don't have enough collateral to cover it! In example, if you're going to go 50x, you must have enough capital to cover such leverage or even more; if you don't have such collateral the risk of going to zero in your account in a single candlestick shot is almost total!
So, if you already suffered losses, just take it easy, take a breath, do stress-relief activities, and start accumulating capital to recover from the losses. If you haven't experienced such thing, then take all warning and cautions before starting trading in Futures (my personal opinion: avoid it until you have enough collateral). Cheers and chill! đ€đ
