Last night there was a bear run, the crypto market collapsed within minutes. Particularly the 'Long Position' suffered huge losses, many long positions were liquidated. Since last night, I've seen several messages accusing Binance Futures" as the culprit and suggestions going all around to avoid using the "Futures" option.

Listen folks, no doubt Futures is a double edged sword, it lends USDT. The main culprit is our greed and not 'Future Trading'.

If you can manage your greed it is a good platform to earn good money.

I've noticed many influencers suggesting to take position with 10x - 20x leverages. Avoid such influencers all together. They come up with a graph and mumbo jumbos as if they are some crypto gurus.

Using leverage above 3-5 is a risky venture. Stay wise and hold on to your horses. We'll all make good money.

Do watch my space.

Thanks & Happy Trading.