Sharing My Experience For Those Take Future Trade Without 0 Knowledge About Leverage Trade.
1. Risk Management
2. Emotional Decision
3. Taking Profit
4. Stoploss
5. Leverage
I have seen many screenshots posted on Binance with questions like "What do you suggest?" or "Can I hold this position or not?" These posts often show users losing money in futures trading. If you're new to leverage trading, understanding these key points can help you avoid common mistakes and protect your investments.
1. Risk Management
When you come to trade in futures, you must learn about risk management. Without it, you can harm your wallet without even realizing it. Understanding how much you're willing to lose on a trade and setting limits is crucial. Always determine your risk level before entering a trade.
Best Risk Rewards Ratio 1:3
if you're margin 100$. your risk 100$ if hit SL, Rewards 300$ if you hit tp.
2. Emotional Decision
Trading based on emotions is one of the biggest pitfalls. Fear and greed can cloud your judgment and lead to poor decisions. It's important to stay calm and stick to your trading plan, rather than reacting impulsively to market fluctuations. that's why I suggest use stoploss..
3. Taking Profit
Knowing when to take profit is just as important as knowing when to enter a trade. Set clear profit targets and stick to them. Don't get greedy and hold on for too long, hoping for more gains, as the market can turn against you quickly. if you like to hold you can use Stoploss at entry or trailing Stoploss when you see a good profit.
4. Stoploss
A stoploss is a pre-determined price at which you will exit a losing trade to prevent further losses. It's essential to set a stoploss for every trade to protect yourself from significant losses. Make sure your stoploss is at a logical level, not too tight to avoid being stopped out prematurely, but also not too loose to prevent major losses.
-30% Per Trade Good RR
Even if 20,000 people seeing this post, only 1% will follow & like this post because they want to learn. I hope you're one of them.