...and if the trade is against you, then you are likely going to be liquidated.
Your position will be liquidated only if you have not set a stop loss. Accordingly, if your position has been liquidated, it means that you ignore risk management and it means that you are not engaged in trading, but in a casino.
You should know that not everyone makes use of stop loss when trading, some people prefer to monitor their trade on their own, and that doesn’t make the person a gambler, and they don’t really like making use of stop loss. If you don’t make use of stop loss that doesn’t mean you ignoring risk management in trading. As a trader you might be making use of stop loss, and you still going to keep on losing continuously. If you enter a trade, and you set a stop loss, if the stop loss can be hit, then your capital is going to reduce, you might decide to enter a trade again, and still make use of stop loss, and it’s still going to be hit. All I will say is that there are just some coins that are just so risky trading them on futures.