Spot trading is actually a fatal misconception
The biggest danger of spot trading is 👉 having no awareness when prices fall
1⃣ People who trade spot think that it's okay when prices drop because the amount of coins hasn't decreased; they just wait for it to rebound. When it rises, they don't want to sell, and then it drops back down, until it eventually goes to zero⭕️
2⃣ They become desensitized in a crash, falling into a death loop of "wait for a rebound after a 10% drop → delete the app after an 80% drop";
Compared to contract traders who are quick to cut losses, spot traders often have lower awareness and perception of project risks. The real risk isn't volatility; it's ignorance and negligence towards risk.
Click on my profile to check my homepage and follow me. Join the free communication community, where I share various potential coins daily, guiding you to invest in multiple hundredfold coins, so you can leave this bull market with a full profit.