Share a little with everyone about Future.
These past few days, I've seen many people complaining about losing their accounts, going negative because of Future.
From my experience of having lost a lot of money due to Future, I've drawn some lessons:
1/ Do not use high leverage, maximum is 5x
2/ Only enter a small portion of the account, 1.2% per order
3/ Only trade in one direction
4/ Only invest in Top Coins, and it’s best to split into several orders across different coins.
5/ Be ready to DCA at reasonable points.
6/ Unless the Coin dies or the exchange collapses, just keep DCAing; as long as you DCA reasonably, you will never lose your account.
For example, if you buy BTC at 106K, when BTC drops to 102K, you DCA into one order, then at 98K you DCA into another order, and be ready to DCA multiple times like that to see if BTC can drop further??
When the order turns positive, you can cut back on the DCA portion to avoid the situation of it dropping again, which will make your entry look much better.
If you trade like that, even the exchange can’t take you out, unless the coin dies or the exchange collapses...
I'm only sharing about Future once, hoping those who are losing and have negative accounts can take away something...
These past few days, I've seen many people complaining about losing their accounts, going negative because of Future.
From my experience of having lost a lot of money due to Future, I've drawn some lessons:
1/ Do not use high leverage, maximum is 5x
2/ Only enter a small portion of the account, 1.2% per order
3/ Only trade in one direction
4/ Only invest in Top Coins, and it’s best to split into several orders across different coins.
5/ Be ready to DCA at reasonable points.
6/ Unless the Coin dies or the exchange collapses, just keep DCAing; as long as you DCA reasonably, you will never lose your account.
For example, if you buy BTC at 106K, when BTC drops to 102K, you DCA into one order, then at 98K you DCA into another order, and be ready to DCA multiple times like that to see if BTC can drop further??
When the order turns positive, you can cut back on the DCA portion to avoid the situation of it dropping again, which will make your entry look much better.
If you trade like that, even the exchange can’t take you out, unless the coin dies or the exchange collapses...
I'm only sharing about Future once, hoping those who are losing and have negative accounts can take away something...
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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