₦airaland Forum

Owolabi97:
Why are trading future instead spot
It's too risky

Having traded Spot in the past, I think although Spot can give you peace of mind, but it cannot give you that fast profit which Futures can give you. Moreover, Spot trading can tie down your capital if the market doesn't go your way. For example, if you purchase Btc at 38,500 and BTC drop to 38,000 or less, you have to wait until BTC goes to above 38,500 for you to make profit. The waiting can sometimes take half year or even 1 year. A good example are those who purchase BTC when the price was around 40k. They have been waiting since 2021. That is more than 2years now.

Although Future trading is very very very risky, that is why I am being very very very very very careful. I have got burnt before and I don't see it happening again. Right now, I am ok even if I make $1 in a day.

This thread is my day-to-day trading records. I call it my "Futures Trading Diary". The main purpose of creating this thread is to remain focus on achieving 365 days of trading without a single loss.

I started using this technic on 06-11-2023 and plan to run it through 05-11-2024. Both my gains and losses will be posted. Everything is straight from the oven. If I got liquidated, then the thread will be paused while I go back to the drawing board. Expect an update between 10:00p.m to 12a.m.

In summary:
Estimated Active Running Time: 06-11-2023 to 06-11-2024
Daily Targeted Profit: $20 and above
Monthly Target Profit: $600 and above
Targeted Profit at the end of this session(One Year): $7,000 and above

Since Futures trading is too risky and has no perfect way of trading, I can only post but will not be giving suggestions on how to trade.

Tohmey:
My man, so which coin can give up to 24% staking return with upto $1billion market cap

It will be hard to see a coin with market cap above $1billion that will give you 24% APY. However, coins like INJ which has a market cap above $1billion can give you up 18.9% according to Binance Flexible staking. Also checkout AXS. Although their market cap is not up to $1billion but they are very close to them. Their Binance staking APY is around 25%.

It will be very very hard to make a lot of money through coins like BTC and ETH these days. If Btc add only 10% alone in a day, some altcoins will add 50% to 150% within three days. So choose wisely on which you want to go for.

Bmaster:
staking is a kinda slowest process to me.
I rather buy usdt and wait, Nigeria my country would always be a consumer nation,hence there is 80% chance of naira plummetting.

Are you sure that is the best way to go? Even if you purchase dollar and wait for naira to plummet, unknowingly to you, you are somehow doing what I called Staking Without Profit. Here is why: Suppose you bought $1,000 and wait for naira. And within a month, naira goes from 1,100naira to 2,500naira and you said Ahaaa, now is the right to to sell my dollar. When you sell the dollar, you are getting #250,000naira.

But if you have stake the $1,000, you are likely to get at least $3 to $10 depending on the platform you used. Let's assume that you get $3, that means you will earn additional #7,500 apart from the #250,000.

Hope you know as the naira plummet, prices of goods and services will also increase which means whether you sell it today or in God knows when, nothing really changes much.

Here is my question: After you sell your dollar, what next? Are you going to wait for the naira to go back to #1,100 (which is very unlikely) or are you going to throw in the towel and exit the ring?

Bmaster:
Nothing you guys will talk here that will make me enter into crypto space again till[b] beginning of 2025.[/b]
The loss I incurred is enough to set up a booming vibrant business for an apprentice.

Since you want to stop till 2025, if you have any available cash with you, why not try Crypto Staking? Look for a coin that can give you 24% and above APY (Annual Percentage Yield). This is because even if the value of the crypto is reduced, you can still make it up through your APY. However if the crypto you invested in increase in value, that is a good profit for you. You will be laughing to the bank.

For Futures trading, Binance always say "It is not the amount of money you make that matters but how consistent your strategy is". When you enter a trade, remember that there is always another day. If things are not working out the way you want it to work, take a brief moment and look at your strategy again.

I believe that Futures Trading is the fastest way to enter POVERTY and also the fastest way to exit POVERTY. Everything depends on the strategy we activated.

Happy Trading.

yemmit90:
Crypto market has been seriously manipulated to favour only the big players holding bitcoin. I do not forseen any alts holder making reasonable profit even if bitcoin reach 100k. It was never like this before. Only SOL and handful of others made a serious moves, others are just losing it at wide margins irrespective of bitcoin movement.

If you have big fund, trade only bitcoin and some alts that move with it.

Actually people make money trading altcoins. The moment that you find a technic that works for you, stick with it and you will be amazed on how much you can make. After trying different technics, I discovered a method that I stick to. Note that I have recorded a great lost in the past. I have tried different technics. At one point, I started believing that if High Blood Pressure or Heart Attack doesn't kill a crypto trader, nothing else can kill the trader.

Finally, I think my method is working like I want it to work.

I will be opening a thread very soon which I will use to update my daily report. The funny thing is that Btc and Eth are among the coins I hate trading on. Here is a prove of my last 12days trade. Hopefully, I will finalize things very soon and start posting/update my daily trade.