I’ve laid it all out, damn it, I want to trade futures
I’ve always advised others not to use leverage, not to short
In the end, I’m still a poor loser
I’m not afraid of risk; I bought 100,000 USDT in Debox (at that time using half of my available cash)
I bought over 10,000 USDT in many altcoins
I bought 60,000 USDT in MERL (at that time using 90% of my cash)
I saw a viewpoint that futures are just retail gambling, so what am I afraid of?
As long as the exchange doesn’t mess around, I believe I have a chance to win
If ETH breaks through 4100 USDT in the short term, I will short ETH with 1000 USDT, 10x leverage
If ETH doesn’t rise and directly drops to around 3200, I will long altcoins with 3000 USDT, 10x leverage
There’s a good chance I’ll pick two from here (ARB, 1INCH, MERL, BB, CAKE, PENDLE, SEI, DOGE, SUI, PEPE, UNI, SUSHI) to trade on Binance
If ETH doesn’t move much, I’ll play around with 1000 USDT on Bybit
Additionally, I have about 8000-9000 USDT to buy the dip on altcoins; in fact, my position isn’t considered high
For those who are risk-averse, this is a crazy gamble
For seasoned futures traders, this is nothing
For me, I once blew up my account in forex (gold), it hurt for a few years; after entering the crypto space for over three years, I’ve never traded futures and advised others against it. I think it’s time to play a wave of small bets for big returns. Spot trading is definitely profitable; just consider it as overdrawing future profits from spot trading to play futures, it’s a win-win
Let’s just do it!