Although I have stopped trading futures I would still like to share my experience. I used to like trading futures on altcoins which had low price like FTM and SRM.
I used to have 5x leverage and used to patiently wait to hit targets but eventually made losses.
I learnt a hard lesson that trading futures is not for me which is why I stopped futures.
Low marketcap coins are very dangerous, using it for future trading will be riskier, the lower the altcoin marketcap the lower the chance of getting liquidated early. No small coin will be available for future trading but I understand you very well by still comparing the coins as low marketcap coin.I used to have 5x leverage and used to patiently wait to hit targets but eventually made losses.
I learnt a hard lesson that trading futures is not for me which is why I stopped futures.
Using 5x can be very risky too, I use 3x and it is still risky, my funds are not getting liquidated but I do close the market myself after losing to some extent, but liquidation is still very possible while using 2x, the best is 1x.
Lastly, it is very better to quit trading future if your are continually losing.
quiting is not necessarily is you have proper way of risk management especially if you're using leverage in futures trading..
That's why i would like to share this site for you guys so that you can build your own risk management as well.
And it's called Winrate.io i don't know if you're familiar with this tool. because this is a tool can really help us estimate our earning and losses when it comes trading with leverage.
Just try to run your strategy in it wherein for you too see if you have a good risk management or not.
