Tips for getting into futures trading without losses

Hey guys, I’m looking to jump back into futures trading. This isn't my first rodeo, but honestly, I haven’t made much money and I’ve blown more than 2 grand on it. I’ve taken some classes and courses, but things still aren't clicking for me. I’m really into shorting and usually target newly listed coins, waiting for the dumps to start shorting, but it often seems to backfire. What should I focus on now that I’m giving trading another shot? Also, as a newbie here, how can I earn some merits?

First you need to get profit by trading with spot and get profit for a long time as long as enough to consider that you master trading in this volatile market. Then you can try trading with Futures but your experience shows that you lost with futures trading, and that is a hard trading one. If you don't want to lose money, stop trading with futures and if possible stop trading with Spot. With trading, use one of best weapons in trading. Instead of trading, you can simply be a Bitcoin investor, hold your bitcoin and get profit. In the end, you asked about merit and claimed to be a starter but your trust feedback shows you are not a new forum member.

In terms of the knowledge of this forum i am a starter, before i didn't ask questions on dos and don't and it costed me. The person that claimed that didn't listen to my explanation before he wrote that.

Why not you focus on spot trading for now, it is good to engage in them as a starter and not a fully profitable trader. In spot trading, you’ll risk less and have potential of gaining more when trading the right coins. Not all coins that get listed will dump easily, some will take time to dump and some will never dump after listing. It is costing you more to lose your money because you’re entering these trades as futures and not as spot trading. You can easily be liquidated via futures trading when your threshold is exhumed, while in spot trading you can only opt out manually when you’re satisfied with your gains. The two of them have their risks, but it is better you look away from new listed coins and focus more on coins with good liquidity in the market which cannot be dumped easily or manipulated at listing or the long time aspect of it.

As a  beginner trader you don't need to start your trades with the AltCoins especially the Memecoins. They're highily volatile and can turn out to dust in a period of time and the more you holds it while it has gone shit becomes useless to you m you'll either not even see it listed in the exchange anymore. But you can hold on to Bitcoin trading in the begining or added with Ethereum. These are better reliable coins with less volatile compared to others. It's also not about you diving into trading like that just because you needed a short term income, you need to acquire the skills and develop your own trading strategies otherwise you will keep failing out. Merits? Trading? Make a choice of what you're interested about in the post so you can get proper guides.

Pls i need both mentorship from your sir/ma, how merits work and how i can get more of it because i got to understand that merits can boost someone's rank.

Now you're specifically directing to the forum. Good to know. Read on the threads that will help as requested on the FAQ: Everything you need to know about forum 'activity, account ranks and merit You can't successfully hover around here without knowing the ethical rules of the forum. So this will as well help your guide relatively to mentorship you asked for Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ

You want to learn how to trade, and you didn’t start from spot trading, you decided to jump into future trading? That’s just kind of funny to me. The first question which I will ask you is that, who introduced you to crypto? Maybe you should go back to the person to learn about future trading. You said you have lost $2k, am sure if you deposit more money, you are still going to lose it, you should know that future trading is not for beginners, and if you are planning to trade as a beginner, then you have to start with spot trading, and you should start with little amount of money, the more you keep on understanding it, the more you keep on increasing the amount you trading with. What you can do now is just to go back to spot trading, and start from there, future trading is not for you yet, but if you continue, then you will keep on losing money. You made a post about you trading, why do you need merit? Or did you create the thread because you are in need of merit?

You have to keep on testing with futures because it's not an easy type of trade. If you think that it is a quick way of earning there, everyone would have done so. But no, because everyone who have tried it has the same outcome as yours and that's losing more money. If it's not for the most, better avoid doing futures because it's a real gamble. Yes. Just keep on posting naturally and something meaningful that could be helpful to others.

I don’t suggest futures trading for beginners since the risk involved is certainly high. You can easily lose all your funds even with a small unpredictable movement in the market. If you can focus on spot trading and make the most of profits, then why long for the highly leveraged futures trading? Sometimes, what makes you profitable is what the suitability of yourself can offer, and not those risky and dangerous endeavors that even yourself would find it hard to fit in. Focus on what’s you giving the most advantage, not on the most risky one.

That's too risky. Any newly listed coins or tokens are risky because newly coins/tokens don't have any previous data yet, so if you are going to go anywhere to short or long, it still totally gambles. You can't analyze them; it's still building it's own price action. Better trade with the top 10 coins than gamble with newly listed coins. I don't think you can perfectly avoid losing, but to reduce the risk, I recommend starting trading with paper money and be consistent so that you can learn from the price movement of the crypto and the mistake you made when you are executing trades. I also recommend reading some free courses and guides from here: Getting started with Technical Analysis Once you learn, do it on the tradingview, and you can use the papermoney from that tool, and the good part is it has a journal where all executions are recorded that you can read later to analyze your mistakes.

Yep, that's absolutely right Mate!!!! If OP doesn't have any good knowledge/experience regarding through the Trading department then for sure he needs to emphasize investment instead of trading. And OP has taken the most risky way in trading too. Future trading with meme/shitcoin. Future trading is very risky for a newbie, despite that, taking a trade in shitcoin is like gambling. In my opinion, if you are making losses in trading, you have already lost 2k. So you must follow the advice of @notocactus and invest. Which can certainly prevent you from losing. Because Bitcoin follows a bullish pattern in the long term. If you really consider trading as your passion, first educate yourself well in order to trade so that you don't lose more, and if you are losing because of ignorance, then you can easily organize profit by adopting a very simple strategy. Invest and just hold.

If you have taken a course but have not made any profit, it could be that your trading knowledge is not sufficient or because you are wrong in practicing the knowledge gained but it does not rule out the possibility that trading is not the right thing for you. However, trading without experiencing losses is impossible, not when you are still a beginner even when you have been involved for a long time it is still possible to lose.

It can't be frustrating after you've invested time and resources into trying to get knowledge for trading and you are still unable to trade. Trading is not for everyone, and if you are finding it difficult to understand the concept behind trading, especially after a long time trying to dwell on it, then maybe trading is not for you, and that is okay too because there are many other opportunities in cryptocurrency that could be for you, and you will not know if you don't seek to explore it.

Well thats what happen when you are starting to learn about trading you already loss 2k$ and it is normal, you need to learn from the mistake that you already made to avoid lossing again and again, don't waste your money thought coins that is not proven and tested trading needs to be more cautious specially in choosing coins because that is the main reason why we loss it is a matter of choosing the best coin.

This is the problem with you, and for most of the traders out there. Trust me, I've also tried that one but ended up failing. Did short on SONIC, ended up losing money. Did short on Nodecoin, ended up losing money. Did short on TRUMP, and it also ended with me losing money. The problem is that you and I wanted quick profits through shorting these newly listed tokens on famous exchanges, but after I lost on all 3 that I said, I said to myself "I need to stop, change my strategy and learn more because it isn't working for me." and you should do the same as well. You've already experience losing 4-digits because of doing what you LOVE. You even took courses, and I doubt if they taught to you that shorting these newly listed coins will make you profit. What can you do now? Go find a strategy that will work for you and stop doing what you LOVE. As for the merit part, yes you can, but there are some requirements of course. Make research for it. It's easy to find it if you really want to earn it. Good luck.

Your first trade was Future trading? I mean you did not spot trading? why your first priority for future trading, I treated it like gambling because I think it's risks is higher more than gambling, you already lost 2k$ in future trading, don't start it again. I think you should start trade in spot but small fund, then when you can understand and research then trading with your affordable fund.

Because futures trading is like having a multiplier and he just want to make money that's why he likes shorting newly listed coins on futures market. If he likes futures then he probably is good at it which is quite the opposite of what he is saying. If he likes shorting so much, he should be trading on the bear season. Its the best time to go into futures, just trying to make money out of the plunging market because holding doesn't makes much sense anymore.

Shorting newly listed coins is an extremely risky since they’re often highly volatile and manipulated by whales. Have you tried paper trading or using a demo account to refine your strategies without financial risk? Merits are earned by contributing valuable discussions and insights here in this forum. If you engage with the community by sharing well-thought-out trading experiences or helpful resources other members may reward you with merits over time focus on adding value and they will come naturally.

It is impossible to avoid lose from future trading or spot trading. But if you wasted more than $2k on it, you must stop trading for a while and it is better you focus with learning more about trading. You must not touch future trading before you familiarize with trading because that is not as simple as spot trading. You should not just love SHORT trade but also LONG trade because as a trader, you need to use any moment for your benefit. If you don't find that, you should not trade and take a rest for a while until the market is back normal. Stop trading if you already lose too much money and learn more will be your best answer.