Beginners' Guide to Safe Futures Trading and Avoiding Total Loss

This post provides guidance primarily for beginners on how to avoid losing their entire deposit when trading futures, exemplified using the $LA token incident on Kucoin and Gate exchanges. It emphasizes safe trading practices such as using isolated positions to limit losses to the invested amount, understanding the risks of cross positions which can wipe out the entire deposit, and being cautious with unofficial software or indexes that might mislead traders. The post also highlights the need for traders to stay alert to market news, including Twitter updates from figures like Elon Musk, project airdrops, and platform contract activity, to make quick, informed trades. Finally, it advises against high leverage, advocating for balanced risk management, and warns against overconfidence, recommending locking in profits instead of risking everything on a single trade.