Quote from: doomloop on Today at 08:32:42 AM

Quote from: layoutph on December 15, 2022, 03:39:44 PM

Few years ago people here in Bitcointalk are staying away from futures. Now I see an increasing number of profitable future traders here in Bitcointalk. May I know how what is your win rate for example in 20 trades or 10 trades how many are wins and loss (liquidated or hit by stop loss)?

I think that's because people back in time are still a noob but many years have past and these people already gain a lot of experience and knowledge. They are now ready to engage in harder things but I think there are also a good number of newbies who join in.

This is why I don't blame newbies for their fault but rather help them to understand how this happened because it was the same experience we did before. Fortunately, we learn from our mistakes and make good trades after. But those who never change their way will remain failures in their goals.

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This is very alarming but if there is no way to stop them then they themselves can once they incur a big loss in a short period of time. Before we engage in the real thing, it's important to practice first using the demo version. Once you saw that your wins are more than your losses then maybe that is the time to take baby steps in the real thing by using small capital. Increase it only once your results mostly win.

Therefore, we let these people learn from what they are doing now and hope for a change someday. Because I believe that their experience teaches and guides them to the right path. If we are in trading for several months and still suffering big losses, it was an indication that this is not for us. In some cases, we also have to accept that this field isn't for us and that we need to give up and look at what is best for us.