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For those who trade crypto or crypto futures, what struggles are you currently facing?

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by COINS NEWS 140 Views

Hello all! I was curious to know what those who trade (not to be confused with investing) crypto and crypto futures are currently having trouble with? I’ll provide insight into what works for me and other things that don’t work for me.

Ask me anything whether it’s about starting to trade them, or roadblocks you keep running into. (Disciplines, risk managing, strategy, etc)

Some quick things to start with, I find new traders in the crypto futures space get caught up in using high leverage but don’t even have a grasp on how it truly works and end up getting destroyed.

As a beginner to it, I wouldn’t use more than 1x or 2x as you start to learn. If paper trading is an option, (I’ve seen some exchanges offer this feature) I’d definitely start with that first. Doesn’t make sense to give the market tuition as you learn.

Looking forward to answering questions :)

submitted by /u/Advent127
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