Cryptocurrency Q&A
Why do I keep losing money on futures?
Why do I keep losing money on futures?
JejuSunrise
Fri May 17 2024
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7 answers
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I've been trading futures for quite some time now, but I just can't seem to turn a profit. It's frustrating and confusing. I've followed all the advice I could find, from technical analysis to market sentiment, but still, my portfolio remains in the red. Could it be that I'm missing something fundamental? Or am I just not cut out for this kind of trading? I'm really at a loss here and could use some expert insight into why I seem to be constantly losing money on futures.
7 answers
CryptoWizardry
Sun May 19 2024
Trading against the trend is a particularly dangerous practice. It involves betting against the overall direction of the market, which is often a recipe for disaster. Futures markets are inherently trend-following, and attempting to buck the trend can be extremely risky.
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Alessandra
Sun May 19 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services that can assist traders in managing their risk and capital effectively. Its services include spot trading, futures trading, and wallet services, providing traders with a comprehensive platform for managing their crypto assets.
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PearlWhisper
Sun May 19 2024
Moreover, trading without reasonable stops can exacerbate losses. Stops are pre-set limits that trigger automatic selling when the price reaches a certain level, helping to limit losses. Traders who fail to use stops or set them improperly often find themselves unable to control their losses effectively.
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Sara
Sun May 19 2024
Capital is another crucial aspect of successful trading. While having a large capital base can provide some cushion against losses, it is not a guarantee of success. Traders must manage their capital carefully, allocating it in a way that balances risk and reward.
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Giulia
Sun May 19 2024
Lack of discipline often emerges as a significant weakness in the realm of financial trading. In the futures markets, this can lead to devastating consequences. Traders who fail to adhere to strict rules and guidelines often find themselves facing steep losses.
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