Crypto Trader
✅The most important thing in Future Trading is about MONEY MANAGEMENT and TRADE SIZE.
❌ Don't Use All Margin on One Trade.
✅ Use 1-3% Margin On One Trade According To Your Risk Plan. Let's suppose you have 1000$ use $10 - $30 margin for one trade.
👉How much leverage?
It all depends on your risk for one trade and how much loss you can bear for one trade.
Normal leverage 5x to 10x.
🙅♀️If you want to use 50X or 125X leverage then you must use 1-2% MARGIN for one trade with Cross margin mode and you will not liquidate. ( 0 Liquidation method )
🤑What is the difference between a Trader and a Gambler?
A gambler always wants to double money every day. But a professional trader manages risk in trading and have a target of profits. And keep in Mind
"Slow and Steady wins the Race"
Some common words used in trading.
Tp= Take profit
Sl= Stop loss
Entry= Trade entry
Long= Buy order
Short= Sell order
SCALP TRADE=Trade for short period of time. [ Targets may achieve in 15 min to 100 min ]
INTRADAY TRADE = [ Targets may achieve under one day ]
SWING TRADE= { Targets may achieve in 1Day to 1 week }
When TP1 hits move you stop loss on entry point.
3) Don't be Panic after entering the trade.
4) Avoid Big losses if you see you enter trade with very high leverage and if stop loss hit you can't bear loss or you will liquidate before stoploss then immediately close at least 50% trade size.
Have a good Day
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