Very, very important ๐๐
The 8 most important basic rules you really need to know about futures:
1- Never put more than 1% of your portfolio into a single trade.
2- Donโt use high leverage.
3- Set a stop-loss (mandatory).
4- Avoid greed and always set targets.
5- Know your entry and exit zones (understand price rejection zones well).
6- If you lose one or more trades, take a day or two to cool off so you donโt lose the rest of your portfolio (donโt try to get revenge on the market).
7- Donโt enter the market when youโre mentally exhausted (in a bad mood).
8- The 1:2 risk-reward ratio rule: Donโt enter a trade with a 2% stop-loss and a 1% target. Your target should be at least twice your stop-loss. Even if you lose 5 trades and win 3, youโll still be profitable.
Follow us, leave a like, and watch the livestream if youโre interested ๐
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The 8 most important basic rules you really need to know about futures:
1- Never put more than 1% of your portfolio into a single trade.
2- Donโt use high leverage.
3- Set a stop-loss (mandatory).
4- Avoid greed and always set targets.
5- Know your entry and exit zones (understand price rejection zones well).
6- If you lose one or more trades, take a day or two to cool off so you donโt lose the rest of your portfolio (donโt try to get revenge on the market).
7- Donโt enter the market when youโre mentally exhausted (in a bad mood).
8- The 1:2 risk-reward ratio rule: Donโt enter a trade with a 2% stop-loss and a 1% target. Your target should be at least twice your stop-loss. Even if you lose 5 trades and win 3, youโll still be profitable.
Follow us, leave a like, and watch the livestream if youโre interested ๐
$ESPORTS
$UAI
$BTC