I have traded binance futures off and on for a while but have also traded in the US stock market. I really like trading bitcoin futures because of the constant action and volatility however the high fees have led me to never try it with large amounts of money, rather just small amounts for practicing.
At this point, I feel have a strategy that works relatively well (I watch both a 1 second chart and a 1 minute chart at the same time for timing my entries) but the problem is that there are still false positives where I enter a trade and need to exit with either small profit or break-even. It may take a few of these before I get into a trade that moves enough for a small profit. However, the fees that I have to pay for each trade tend to wipe out any of the small profits.
To me, it seems the only way to trade bitcoin futures is to rely on hitting the "homerun trades" so you have to be trading constantly and taking small draw-downs even if every trade is actually successful (aside from the fees), take small wins just to balance these out, and then, hopefully, make big home run trades that actually give you a real gain. To me, this is a lot more exhausting than day trading a US stock as, with those, I can be much more willing to get out of trades the second I feel bad about it. With binance futures you basically start every trade already down and have to make up for the fee or you have already lost.
I'm curious to hear thoughts from anyone else who may have traded these futures. I'm a bit confused why the fees are percent based for crypto trading when for things like the stock market they are flat fees and I guess I'm curious if people ever see this changing. To me it seems trading crypto is generally a worse "deal" for the trader than other types of trading.