Well a 50% loss on anything in two days seems almost impossible, no? Bitcoin fucking did that. Also, when I say worthwhile, I mean lucrative enough to not have to work a day job.
If I had put more money into the bet and lowered the liquidation, I could've survived. But I didn't think it would continue to lose like it did. Futures are a zero-sum game, and are therefore the equivalent of gambling at a casino, albeit with much better odds.
Bigger bets are safer. Small bets are a great way to get liquidated over and over again, or otherwise masturbate with nickels difference.
Did I mention that .1 of the .3btc i lost was won on bitmex?
That's very true, hindsight is 20/20.
Ahh yeah I suppose, I guess you've been put off trading then or do you still dabble?
Yeah it's a zero-sum game, but if you can play better than the average then you're gonna do alright. Become a TA pro and be careful with managing your funds and you should be able to make a profit quite easily.
What leverage were you using? Did you have any particular strategies or just generally longing the bull run?
No you didn't, congrats haha. But yeah, don't get me wrong, I appreciate this shits hard, that's why I'm only dabbling in it for now while I learn, but I'm still optimistic I can be profitable out of it in the long run.
Same thing with poker, tempted to dabble in that in my spare time as I enjoy it, and have made a bit in the @spl freerolls in the past. Nothing major, just small-time with money I can afford to lose, but hopefully turn a profit.
I don't have any more money to waste on futures (lost my job and my coin within 1 week of each other), so yeah I'm put off for sure.
Poker might give you more because it teaches you to bluff... But online poker won't develop that skill.