Hey folks, I’m diving into futures trading. Not my first rodeo, but I've blown over $2000 on it. Took some classes, but the results are underwhelming. I like to short coins right after they list, but it often backfires. How do I turn things around?
First off, it may be wiser to build your skills with spot trading. That’s where you focus on smaller gains and learn the ropes. Futures can burn you, especially if you’ve already taken hits. Master spot trading first before jumping back into futures.
Yeah, I get it, but you’ve gotta start somewhere. I didn't really ask for guidance before and that led to losses. So maybe trying to figure out the do’s and don'ts can help?
Spot trading lets you play safer. Less risk, more chance to profit if you choose the right coins. Not every new listing is a disaster, but often they are too volatile for quick trades. You might be better off avoiding that for now.
Agreed with spot trading. Don’t rush into meme coins or altcoins at the start. They're lottery tickets. Stick to Bitcoin and Ethereum; way more stable for beginners.
Focus on learning the basics first. Check out threads or FAQs to grasp the forum's rules and merit system. You can’t make an impact without understanding the community.
Diving into futures straight away? Sounds risky. Who got you into crypto? Maybe catch up with them for better pointers. You might be setting yourself up for more losses.