Futures trading took everything from me. I lost everything I had to futures trading. Anyone trading futures should stay away from it; no matter how much you make, one day you will experience a huge loss that will take you unaware.
You can lose all the profits you made in the last eight months in three minutes when trading futures.
Futures trading has wrecked many crypto traders. They know this; some of them can say it, but many of them are yet to accept their loss.
Once you start losing in futures, stop. If you keep trying, the market will break you emotionally and financially.
A lot of big crypto traders I know don’t trade futures; they are 100% into spot trading. That is what works for the majority of them.
Futures trading is very risky. Even if you want to trade futures, trade with news, which happens once in a while. Maybe you got information that the CEO of a big crypto exchange has been arrested.
The best thing you can do at that point is to open a short position on the native token of that exchange with about 5x–10x leverage.