This post is just to show how crazy trading futures can be. One day you could be earning a crazy amount and the next you could just get totally rekt !!!! I'm in a group of traders which we talk trade and share trades which we are doing on Binance futures. With this bullish run ... there has been a lot of unexpected pumps and dumps.
Here was one coin which literally REKT a number of people in my trading group with the insane pumps as they were shorting this coin. OMG
https://www.coingecko.com/en/coins/omg-network
Over the past 2 days this coin has pump way above 80% and with some of my buddies running short on this, it really took a toll on their crypto wallets.
It was a painful day for some traders however there are a number of traders who were able to profit from it in a big way with this huge pump ! So by saying that ... a great coin selection today can be a really bad one tomorrow. But that's Futures trading in crypto.... things can just turn the other way within a day and you stand a chance to get liquidated if you do not put in your stop losses in place.
So when trading in Crypto ... make sure that you know what you are doing and most importantly do not trade what you can't afford to loose.
Stay safe and hope you are enjoying your weekend all !!
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Good advice! Pump and dump scams are the worse. They prey on the FOMO crowd which always seems to oblige even though they know in their heart of hearts it looks to good to be true.