In this year I tried future trading and to be honest it turned out Good after failing, doing mistakes and realized there's no other better way I could find to learn things that can help me make decisions wisely ahead.
I ain't not much active trader in future side and especially in uncertain Market situation like these days not even thinking to see future side.
Thought I should share what I have learnt so far from future trading. So, let's begin with it.
Lessons Learnt from Future Trading
Before trying future trading I had some weak points in trading like used to Panic a lot and controlling nervous to avoid selling at loss wasn't possible.
All these lessons fix my weak spot in trading;
- Emotions Involvement Everytime I try to trade Emotions Takeover and make me more confused while buying/selling a coin. With the help of future I'm Getting Much better at this.
How? Whenever I Open Positions short/long I do monitor stick to screen and when I see Green (Profits) turning Red (loss) after every other minute. So, this whole time emotions always try to Get involve but somehow able to not let emotions ruin trade.
- Risk Management is important aspect of trading and we all keep this in mind to avoid loses but somehow forget or do mistake. Future side is where it Gets more exciting and Better.
Everytime on Future Opening a Position when I will touch Leverage that very next moment eventually brain will drop signal to set Stop loss and Take profit.
- Taking Risks Without Taking risks there's no Gain coming anytime soon. Future is where it comes with lot of risks and I used to afraid a lot but took time and somehow fixed it.
I started opening position on 20x leverage or more by just risking $10 and than increased to $15 and so on just little steps forward was enough for more confidence to take risk.
- Making Wise Decisions & Move I have Made so many blunders in trading but with Futures it Gets much better not entirely Yet.
For me futures is a way to look things deeper carefully focus more on Fundamentals aspect than technical. Always one thing I have realized in recent time is when I open a position than either it will tp or just SL cuz of going with clear mindset no confusions.
I hope you have found this one based on my own experience interesting and do not forget to leave comment or any advice to improve more.
Thanks for reading.
Greetings.
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Future trading is just for risk-takers. And for one to become successful in it, one should be well-focused and know how to control emotions. Or else, the emotions will control you and you'll lose your trade.
I abandoned it because I can't control my emotions 😂
Hehe, true! I'm trying to get rid of my emotions only for trading !LOL
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But you know, even if we set rules on how we will take play in future trading, if luck is not on our side, we will still lose and we can oy scratch our head coz it's another negative on our wallet, lol. But anyways, I am planning to try Future Trading, finally. Just don't know when to start yet. This is a big help kiddo so thanks. Ot is just a plan so, rawrrr
Yeah, luck matters most.... May the luck stays at our side when we trade!
Once market have a clear trend up or down I would say that's the right time to make a plan.
Its good to hear that you have learned a lot. Me? still observing and learning through reading post about it. Hopefully I can trade too soon.
Learning and observing is way much better and this will definitely help more. I'm still giving time to learning. Hopefully you'll.
I started my trading journey with future or leverage trading. After making so many mistakes I learned many things. After that I left future trading and still now I do spot trading.
It's because I think I can make good profit doing spot trading without taking huge risk like future trading although set a proper stop loss can minimise the risk.
Thanks for sharing your knowledge 🙂.
Agree. Spot is much safer and mostly consider less risk side.
Well, in these situations I don't think anyone who ain't sure is doing futures trading.
Thanks for adding value able thoughts bruh. Hope you're having a Great day.
I think there still exist many new trader who trying to make profit doing future trade . It's because in last some week crypto market haven't took any huge move.
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Well... I know even experts like Alamada Trading, Sam's pet trading venture lost out on futures trading...
so I think key is to stay grounded and practical by controling those emotions...
so you trading like a bot... set your stop loss, sell before liquidation and take profits and be happy with it...
I really can't do futures trading, no time to be a trader... but I learnt a lot this year aboout crypto for sure...
Ouch!! i still have that wound of my Terra - Luna crash episode... I got over it, I mean the feeling of giving up in crypto because of being no good...
Now I enjoy crypto learning again... and I am not trading much... just trying to understand if the project is fundamentally sound...
Ouch...man this year...been difficult on the crypto side.