May I ask you, how much do you set the stop loss at 3-5% of each of your leveraged orders? I usually trade at X10, if I trade 100$ and set the stop loss at a loss of 5%, is 50$ the cut-off point for you?
ThanTaiCrypto
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FUTURE/MARGIN LOSS ==> Please Read This Article.
+ You may have won many trades, winning 8-9-10 trades, but just losing 1-2 trades can wipe out all the principal and profits that you have worked hard to earn for a long time.
BELOW ARE SOME EXPERIENCES TO SHARE WITH YOU.
+ Try to find a good entry point before placing an order, be disciplined and don’t rush.
+ There will be times when the market is extremely difficult to trade, whether long or short, you will incur losses. At this time, take a break, don’t be frustrated and enter trades as the likelihood of losing is very high.
+ Never F.O.M.O chasing after opportunities; there are many chances and trades available, if you miss this trade, there will be another. ==> As long as you have money, you have opportunities; when you run out of MONEY, you run out of opportunities.
+ Learn to manage your capital; when entering a trade, always consider the volume. Don’t be GREEDY thinking you can make 1-2% quickly and then run away; this approach is wrong, there will be days when the market hits you without you being able to escape...
+ If you hit stop-loss on 2 trades in a day, don’t enter any more trades, take a break for 1-2 days (I usually set my stop-loss at 3%-5%). ==> Only trade again when your mindset is relaxed.
+ And the final point, when we play FUTURE LONG/SHORT, we MUST BE DISCIPLINED with stop-loss settings, we cannot let it drift.
A few shared thoughts so we can all EARN MONEY from this market.
(The Crypto God of Wealth)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.