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.
Don’t blame the event but rather blame the exchange itself for offering high leverage since this considered as a gamble already on a volatile market like crypto. Exchange is exploiting traders greediness by offering high leverage because they knew the position with high leverage has a high chance if being liquidated due to price swing both side on crypto.
Have you guys ever felt like quitting futures or just trading in general?
I never touch futures trading even just x1 leverage because it gives you a disadvantage called liquidation while you can just increase your capital and trade on spot without thinking about liquidation, just paper loss that will soon turns to profit if you have patience to wait.