đ„Earn Daily 100$ Profits on Binanceđ„
Trading Capital: $100
Risk Tolerance: 3% per trade Number of Trades per Week: 4
đŠđ¶ Binance Future Trading đŠđ¶
#1 â»ïžCalculate Position Sizeâ»ïž
Determine your Position Size to manage risk effectively. With a $100 capital and 3% risk per trade, allocate $3 per trade
#2 â»ïžSet Stop Lossâ»ïž
Choose a suitable Stop Loss distance, say 1% of Bitcoin's price, to protect against adverse market movements
#3 â»ïžExecute Tradesâ»ïž
Based on your Stop Loss distance, calculate the position size for each trade to align with the $3 risk per trade.
#4 â»ïžDiversify Tradesâ»ïž
Spread your capital across the 4 weekly trades to mitigate risk. Ensure total risk doesn't exceed $3 per trade.
#5 â»ïžMaximum Weekly Lossâ»ïž
With 4 trades, your maximum weekly loss caps at $12 ($3 per trade).
#6 â»ïžRisk/Reward Ratioâ»ïž
Maintain a desired risk/reward ratio, like 4:1. Set take profit levels accordingly, aiming for gains 2x your Stop Loss distance.
#7 â»ïžEmotional Disciplineâ»ïž
Stay disciplined and stick to your strategy. Accept losses gracefully, avoiding impulsive decisions.
#8 â»ïžRegular Review and Adaptationâ»ïž
Review trades weekly, analyzing outcomes and market conditions. Adapt your strategy accordingly for continued success.
Consistency and adaptability are key to mastering futures tradingđŻđŻ
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