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this post is just for awareness so that no one else who reads it will throw away their life savings or hard earned money on futures trading.
i have been involved in crypto for a long time and always thought of myself as a small trader who knows how to keep himself safe from liquidations and not gamble with my money. but sadly not everything goes the way 1 wants it to and i lost everything i had in the last big dump and have been unable to keep myself sane any longer. this post is not to ask for help or teach anyone on how to keep their funds safe, its just so people can think 100 times before getting into futures trading as it has the power to make all your efforts go to waste and make you 0 overnight.. Dont make the mistakes i made as i have to now sell my only property my only house to keep on living after the losses i made in futures trading... beware that larger players can take the market towards the direction they desire and all our small traders analyses are useless in front of them.
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My experience after running Binance’s own bot for 3 days
DISCUSSION
I have invested $ 200 in this just for testing.
I’ve have set the Binance bot to operate in a technical analysis at BNB, resistance an support for the last 7 days.
The bot was supposed to buy at a 0,23% move down and sell at a 0,28% up.
During 3 days it made 22 operations.
The final result: two cents profit.
Result if I just have bought and forgot BNB for two days: a loss of 2 dollars.
This could be considered a good result but it’s peanuts. Because the bot would need maintenance and if the market moves fast it will be out of its range. In a real bull run or a crash the price would move so fast that will be out of the parameters.
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