Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
The scams of the bull market.
Bear markets create lasting traders while bull markets create quitters, scammers, gamblers, and pivoters.
Newbie traders should start trading in a bear market before experiencing a bull market
A bull market is good but it destroys more people than it makes.
90% of traders' problems are created in a bull market.
As a newbie in trading, your failure to become profitable is because you joined the market when everything was pumping.
In such market conditions, you didn't need:
-The right knowledge
-Proper skill sets
-Hard work
-Consistency
To be profitable. All you needed to do was buy what everyone else is buying.
As such, the bull market left you with a damaged mindset and psychology.
Profits made in bull markets are exchanged for limiting and non-profitable habits and mindset after the bull market is gone:
-High expectation (Hopium): small profit doesn't mean anything to you. So, it's normal to chase a $10k profit with $10-$100 capital.
-Ignorance: since you can make thousands of dollars without any research or knowledge about the market. You didn't care to learn.
-Gambling mindset: because you could buy a token with $100 and wake up to $5k profit in your account, you lost the sense of compound interest. As such, you could have $100 capital and have the audacity to risk $50 from it on a single trade.
-Erratic execution of trades without precision: In a bull market FOMO is most times acceptable because, you can enter a trade halfway and it keeps pumping.
-Delusional position outcomes always: bull market makes winning seem like child's play. Which when faced with a bear market and we don't win as much as we did before, we quit, pivot to something different, or call trading a scam.
The market is not a scam, you're the scam the market created. Fix yourself and the market aligns with you.
In a nutshell, if a newbie trader starts his trading journey in a bear market. His success propensity increases by 70%.
That's because it takes several factors to succeed in a bear market. And until you learn and implement it, you can't succeed.
It's why I said bear markets create lasting traders while bull markets create Quiters, scammers, gamblers, and pivoters who mess with the reputation of the industry.