I Am NOT A Trader But Today I Learned Why Many Traders Lose
$BTC
$BNB
As of now, BTC is around $67,300 and BNB is around $618. Market is red again — BTC -3% in 24h, BNB -3.5%.
In the last 24h, over $1.23B got liquidated and 163,631 traders were liquidated, according to CoinGlass Most of them were Longs betting the price would go up
I am just a small holder I don't do Futures. But today I watched why people lost:
1. Leverage = Fast Death
People used 50x, 100x leverage to get rich fast. With 50x, just a 2% move against you liquidation. With 100x, just a 1% move gone Leverage doesn't make you a trader it makes you a gambler
2. No Stop-Loss / No Risk Plan
They buy and pray the price will go up Stop-loss helps, but in a fast crash it doesn't always save you 100% because of slippage
3. Spot vs Futures Confusion
Spot You buy the coin the coin is yours Price down coin still yours but your money value goes down Futures You borrow money to trade. Price down a little you can lose everything
My rule for now: Learn Spot first. Learn Risk first. Futures later or never
Be honest - Have you ever tried Futures? Did you win or lose? Comment below, I will read all
Not financial advice. Just sharing what I am learning.
#BTC #Trading #CryptoForBeginners #BinanceSquare
$BTC
$BNB
As of now, BTC is around $67,300 and BNB is around $618. Market is red again — BTC -3% in 24h, BNB -3.5%.
In the last 24h, over $1.23B got liquidated and 163,631 traders were liquidated, according to CoinGlass Most of them were Longs betting the price would go up
I am just a small holder I don't do Futures. But today I watched why people lost:
1. Leverage = Fast Death
People used 50x, 100x leverage to get rich fast. With 50x, just a 2% move against you liquidation. With 100x, just a 1% move gone Leverage doesn't make you a trader it makes you a gambler
2. No Stop-Loss / No Risk Plan
They buy and pray the price will go up Stop-loss helps, but in a fast crash it doesn't always save you 100% because of slippage
3. Spot vs Futures Confusion
Spot You buy the coin the coin is yours Price down coin still yours but your money value goes down Futures You borrow money to trade. Price down a little you can lose everything
My rule for now: Learn Spot first. Learn Risk first. Futures later or never
Be honest - Have you ever tried Futures? Did you win or lose? Comment below, I will read all
Not financial advice. Just sharing what I am learning.
#BTC #Trading #CryptoForBeginners #BinanceSquare
