Hello everyone, i want to start future trading and it is not actually my first time trading, but i have not really made anything from it and have wasted more than $2k on it. I went for classes and even took courses, but still not really getting what i should get in trading. I love SHORT alots and i do look for coins that just got listed so when people start dumping it i can start shorting, but most times it would end up going against me, what can i do now that i am back to trading? And also as a starter here is it possible to get merits?
In fact, your mistake here is that you decided to do futures trading without understanding, futures trading is almost like gambling. If you can't analyze properly in trading, you won't be able to profit.
If you do spot trading with newly listed coins and don't take profits at the right time, you will face losses. Future trade is risky so I stay away from future trade. Since you lost a lot of money in futures trade. So in my opinion you better stay away from futures trading. I don't know how much knowledge you have about trading, if you don't have enough knowledge about trading then you should plan to invest.