I had to destroy my portfolio to learn how to safely do margin trading. It's no wonder that the broker gives you a series of warnings about investing with this strategy. Here are some tips:
1 - Never put all your capital at risk. If you have 100 dollars, only put 10 as collateral, and only do this when you have confirmation that the cryptocurrency is Bullish.
2 - Safe margin for isolated is 2, for Cross at least 4.
3 - Use OCO orders to set a profit target and a Stop Loss to avoid losing your investment. Sometimes it's better to exit a position without a loss and take another signal.
4 - Stay alert to the market. Sometimes the trading signal is good, but some event or news can affect all coins at once.
5 - Keep another 10 dollars for collateral if you don't want to work with Stop Loss, and only transfer it if you reach half of your entry margin.
6 - Don't be greedy; as your profit increases, the broker increases your margin and you may be tempted to buy more and ruin your entry signal.
7 - If using cross margin, buy a maximum of two assets and only enter new positions when you close an old one.
8 - Avoid mixing Long and Short in cross margin.
9 - Follow
$BTC as it often dictates the pace of other coins.
10 - If this was useful, don't forget to like, share, and follow me so we can share our journey in this crypto world.
In the image, my profits today in ongoing positions of
#margemcruzada ,
$BANANA , and
$HBAR , , ,