I just came here to post on here after just losing money on a futures trade lmao, futures can be hard when you don't really know what you are doing. naive me went for a high leverage instead of just 2x. screw all these useless events events exchanges do, they should genuinely have an event for foolish traders that lose their money. Even if they don't give me my money back they should give me half lmaoooo, I promise I won't do futures anymore.
Have you guys ever felt like quitting futures or just trading in general?
Have been profitably trading the future for quite so long now and I can say it all comes with price which either a newbie or old traders have to pay to understand how it works. It can cause serious emotion disorder if constantly encountering loosing streak infact you may quit trading for something but the important thing here to note is that others are doing it and making a living out of it, and if others can do why the stigma you can do it and I can also do it, the question you should ask yourself is that how to.
To be profitable trader as we all know certain things have to be in place among them are;
Be technically know-how and also understand how to use the fundamentals analysis to your favour for backup if not backout any day there is high impact news.
Under risk management know how much you are willing to risk don't expose all your portfolio to risk understand leverage and know how to make advantage of it. There is something with human psychology as soon we define our risk the lesser the worries.
You just have to put every odds together to work in your favour after all out of 99% of traders that come to the market only 1% won be among the 1%.