I will apply the DCA (dollar-cost averaging) strategy when participating in the futures market, not using stop loss unless absolutely necessary.
The reason I choose this method is that whales or market makers (MM) may break the chart, executing stop loss sweeps of investors before moving up or down if you are too confident in charts and technical analysis.
To apply this strategy, the most important thing is that you must have good capital management skills, understand the Bitcoin chart to know when to exit the market. For example, when BTC reaches a price of 50,000 USDT, we predict that the price will at least rise to 60,000 USDT, then we can consider opening a Long position on Altcoins. If you have a capital of 1000 USD to trade futures, ensure the total order value is leveraged around 3000 USDT - 4000 USDT to ensure safety. When exceeding this level, consider restructuring your portfolio.
When opening an order, it is advisable to split into at least 3 orders, dividing the DCA levels at -30%, -70%, -100%.
When the order has a large profit, if you want to hold longer, set the stop loss at the purchase price.
In the futures market, choose coins with high trading volume, preferably top coins. Avoid trading unreliable coins and avoid those that have a strong potential to increase or decrease by 50-100% in a day.
