Good PM
I am a newbie.
I am no expert.
I am no professional.
I am not going to share signals, because i don't trade signals.
I am sharing few but sound trading experience.
This time I post my concern; there are just too many post telling newbies not to trade future!
20 years ago I lost half my savings trading forex future. I, then, quitted. I was stupid, greedy, and emotional.
10 years ago I started investinh on stocks. Slow, very, but suits me. I was doing lots of other stuffs. I use cold money.
4 years ago I invested on crypto. I buy spots and let my coins sit until time to farm, similar to my stock strategy. I lost total 25%. I used cold money.
This time around, I wanted to learn crypto investing-trading. I liquidated all my coins and added some cold money as my 'school fees'. Soon I decided to stay with binance.
Earn: The whole market is cold or hot just by looking at the #usdt APY rate. High rate ~ hot market, vice versa. Filter selections before entering. This may not be important for spot!
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When stuck there are only 2 decisions: hold or cut loss. Remember, in the end, you are the one executing.
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Spot: Slow pace generally similar to stocks. I do this when I feel like fortune-telling that this or that coin is going to be pumped. And even fortune telling takes a lot of readings history, news, chart patterns. I avoid spot after holding #rei
Future: Mostly base on #btc direction. I try really hard to be strict to accept my wrong and stop loss at 1% of my total future wallet, but I ride my profit. Riding profit is time consuming. But I think I can only be right at 20 out of 100 transactions.
So far, I recover all my spots and bots losses from future trading. My math tells me future is more calculate-able than spot.
Do your own research, discover your own investing style.
I am open for peaceful and smart discussion, comment below...