/biz/ - Business & Finance

>>56604515
If you have to ask how to futures trade, don't touch it. I'm being serious.

Last bullrun I made 100k and lost ALL of it trading perps during the bear by repeatedly getting liquidated.

>>56604554
What I'm saying is, just trade spot. It's the same principles and risk management but with zero risk of being liquidated or running up debt.

>>56604515
>dont
seriously, you are not ready

>>56604554
Yeah but is there a harm with playing with only like 30 USDT in your futures wallet? like if I get liquidated in that that doesn't touch my spot wallet right? How do you get into debt on this shit? Do you actually take out loans?

All I'm doing is just playing around with $30 in my futures wallet of USDT on an anon CEX playing around with x30 leverage. It seems like every time I flash close a position I just lose whatever my PnL says I'm down by, I don't see it doing crazy numbers.

>>56604515
>and then flash close your position when you're either about to get wrecked or you're well in profit?
>what is a SL/TP?
>what is discipline and methodology?
>You faggots made this sound like rocket science and patted yourselves on the back
Don't be like the 99% of people who thinks they can predict the future with a strategy.

You don't know you will crash with your car tomorrow, something that makes you spend money to buy a new one, pumping the local demand for cars.

>>56604579
>MARGE CALLING...

>>56604599
stop acting like you guys are doing much more than guessing right especially with these kind of insane leverages lol

>>56604579
There is no harm if you identify those 30 USDT as lost capital, in this case there is no psychological harm because you don't care.

of course if you make 1000$ overnight with your 30$ and then lose it all it's a punch in the face, you have to take this into account as well or you will lose trust and self-confidence

>>56604579
>How do you get into debt on this shit?
Not legally, what I mean is when the position starts going south and you're down 50-60% the temptation is huge to simply add margin to save the dogshit position you put yourself into.

>It seems like every time I flash close a position I just lose whatever my PnL says I'm down by, I don't see it doing crazy numbers.
Well it depends on what you're actually trading, if its isolated you'll simply get liquidated but if it's cross you can potentially be down hundreds of percent if you have sufficient capital in your futures account to support it.

There are also fees and interest because you are essentially borrowing money to trade with, so when you close a position the fees could be eating up all of whatever gains you might have especially with only 30 dollars.

It is kind of fascinating, though its hard to believe you guys have a real strategy with this kind of stuff and don't just get super lucky

>>56604618
The way you win with insane leverages is placing calculated bets at key inflection points with very very tight stop losses. Ex. if you believe a break below a range is going to be a deviation, ie you have a bullish bias, then you long that break with a stop loss. You then close that shit immediately at whatever resistance, likely right under the start of the breakdown.

>>56604515

>>56604644
>tight stop losses
well, here's the problem with that anon
Mamma didn't raise no bitch

>>56604618
>>56604634
Listen faggot, look up money and risk management, you're not playing the roulette, it's a business.

wouldn't it be very convenient if you have only 30% of guessing it right but you win 3 times what you risk?

for the rest, like i said, you don't need to predict the future, just estimate how likely a possible event happens.

>>56604515
I learned by autistically watching charts every day and trying to guess what would happen next, researching certain things happened, and also reading books on the subject of technical analysis.
Even after all of that I'm still a cautious trader. This isn't stuff that you can just read a book on and then become an ace at it. Crypto is a very unique investment and behaves differently to traditional stocks.

OP just became aware that a 50% loss requires 100% gain. A 75% loss needs a 400% gain to get back to where you were before.

>>56604515
Trading is 90% risk management and 10% choosing indicators. People fixate on one at the expense of the other. There's plenty of resources around, just make sure you're sharpening the right saw

>>56604515
>learn to futures trade
Do you guys learn anything here?
the most I learned was how to pray to god for SORA to give me its card

>>56604515
if u want a starter, short 20x BTC right now, no stop, 37-37.5k is the top

>>56604561
Why did you collateralize $100k? Why should anybody listen to you when you're out here demonstrating your abject retardation?

>>56604579
The harm will not exceed $30. Ignore all these retards doomsaying. Never invest more than you're willing to lose and you're groovy.
As you can see, >>56604626 is a degenerate dopamine addict that couldn't see when it was time to cut his losses.

If you're trading spot, your bags will (almost) never go to zero. Trading with leverage, your bags can and on a long enough timeframe (sometimes milliseconds) WILL go to zero. That's the fundamental difference in risk profile.

Yeah we're at a local top aren't we

Just started future trading yesterday and made 50 bucks
Feeling good

>>56606630
based

>>56604515
learn to trade the normal way. don't be a retard. futures are bloat and not needed.

Goku is the dragonball universe is intellectually stupid. His only talent is fighting. In that universe the dumber and more highly trained in the martial arts the stronger a fighter they can hope to become. For example Vegeta who can be seen as somewhat intelligent is always shown as weaker. Even in the early days of the DBZ universe the dumber Saiyan warriors were always the stronger ones

>>56604515
normal futures (not perpetual) are there for you to trade calendar spreads, inter-market spreads and multi-leg butterflies or what not.
futures contract with expiry dates do not have funding fees so it is not bad for swing trading outrights or spreads.
using spreads you can reduce margin requirements.

futures can also be for scalping if liquidity is good but the only one getting scalped is most probably yourself.

unless you want to understand why people trade the stuff I mentioned earlier, forget about it.
if you are just learning, do paper trading with simulated fees, spread and everything.

>>56607466
Goku falls into the combat genius archetype. Shonen characters such as Naruto or Yusuke from YuYuHakusho falls into this category as well, although Goku is not precisely the trickster archetype he sometimes outsmart his opponents with unexpected techniques such as the feet kamehameha, the instant transmission kamehameha. He even defeated a Babidi henchmen who absorbed ki with style just by overflowing his ki. All that considered, OP is a faggot