Agree with bro! Should stop playing futures, even spot should not dabble in margin. The crypto market with fluctuations over 50% per session means that margin 1:1 can also burn.
Post
--
chinchin96
·
--
In the past, I lost a lot of money, but now I have earned back quite a bit. The important lesson from these losses is to learn from them.
- You shouldn't participate in futures; it may seem easy to make money, but in reality, it's very difficult. Almost all exchanges manipulate this sector, for example, on 11/10 the long ratio was much higher than the short, so the recent kill was inevitable. If you really like futures, you should only transfer a certain amount of money to that part, accepting the risk of both winning and losing, so that you only lose that amount.
- Basically, those of you entering the market with small amounts of money really want to make a lot of money; you always want to buy something instead of just holding USDT? The key is this mindset; I have experienced it before, but how can an investor make money if they don't have USDT when they need to buy? For me, I only keep USDT to participate in events like alpha, booster, deposit stable coins into reputable projects to stake there for air drops, and always look to buy in favorable positions like projects sold on Buidlpad, using only stable coins to stake and participate. It may seem like I'm earning little, but in fact, the profit ratio will be very stable, and importantly, the risk of losing money is very low, only if the exchange or project completely rugs.
- The final key point I want to mention is to stay calm; just lie still and wait for a clear opportunity. At that moment, you must be decisive and always remember to ensure that your buy orders are not all-in. These two buy orders are mine; I accept that their prices may drop lower, and I am also ready to have capital to buy at lower bottoms. Fortunately, after buying, it has increased more than 2 times (average price 1.1).
Just a few words to share with you all.
- You shouldn't participate in futures; it may seem easy to make money, but in reality, it's very difficult. Almost all exchanges manipulate this sector, for example, on 11/10 the long ratio was much higher than the short, so the recent kill was inevitable. If you really like futures, you should only transfer a certain amount of money to that part, accepting the risk of both winning and losing, so that you only lose that amount.
- Basically, those of you entering the market with small amounts of money really want to make a lot of money; you always want to buy something instead of just holding USDT? The key is this mindset; I have experienced it before, but how can an investor make money if they don't have USDT when they need to buy? For me, I only keep USDT to participate in events like alpha, booster, deposit stable coins into reputable projects to stake there for air drops, and always look to buy in favorable positions like projects sold on Buidlpad, using only stable coins to stake and participate. It may seem like I'm earning little, but in fact, the profit ratio will be very stable, and importantly, the risk of losing money is very low, only if the exchange or project completely rugs.
- The final key point I want to mention is to stay calm; just lie still and wait for a clear opportunity. At that moment, you must be decisive and always remember to ensure that your buy orders are not all-in. These two buy orders are mine; I accept that their prices may drop lower, and I am also ready to have capital to buy at lower bottoms. Fortunately, after buying, it has increased more than 2 times (average price 1.1).
Just a few words to share with you all.
