📈💰 Jumping into a full futures position at once is a rookie move I paid $5,400 to learn. It locks you in, giving no flexibility for a better average entry. Instead, scale in! For a long position targeting BTC, say your total risk is 1%. Don't put it all on one entry. Split your desired position into three: 30% at your initial idea, 40% at a slightly lower price, and the final 30% even lower. This lowers your average entry and reduces initial exposure risk.
Scaling out is just as vital. Lock in profits! When you hit your first target (1R profit), take 50% of your position off the table and immediately move your stop loss to breakeven. At your second target (2R), take another 30%. Let the remaining 20% run with a trailing stop. This way, you secure profits and let winners continue to...
Scaling out is just as vital. Lock in profits! When you hit your first target (1R profit), take 50% of your position off the table and immediately move your stop loss to breakeven. At your second target (2R), take another 30%. Let the remaining 20% run with a trailing stop. This way, you secure profits and let winners continue to...