At 19 years old, what is the experience of earning my first 100,000 USD?
For beginners, when it comes to futures trading, the first thing to understand is that futures trading itself carries high risk, and no strategy can guarantee absolute gains. However, through scientific risk management and reasonable trading strategies, the probability of losses can be significantly reduced while increasing the chances of profit. Firstly, beginners must thoroughly study the basics before entering futures trading, understand the mechanisms of futures trading, the role of leverage, and the risks of liquidation. It is recommended to familiarize oneself with the operational process and market fluctuations through simulated trading first. In terms of position management, it is essential to strictly control positions, with a suggestion to limit any single trade to no more than 2%-5% of total capital, and to use low leverage (such as 2-5 times) to reduce the risk of liquidation. Setting strict take-profit and stop-loss points is crucial, for example, taking partial profits when earning 10%-20%, and decisively stopping losses when losing 5%-10% to avoid expanding losses due to emotional trading. Additionally, adopting a phased position-building strategy helps avoid full position trading at once, adjusting positions dynamically based on market trends. Choose mainstream cryptocurrencies for trading, and avoid participating in low liquidity coins to reduce the risk of market manipulation and severe fluctuations. Furthermore, pay attention to market sentiment and fundamental information, and combine technical analysis tools such as candlestick charts, moving averages, MACD, etc., to develop a clear trading plan and strictly implement it. For beginners, the initial focus should be on learning and accumulating experience, starting with small amounts of capital to practice and gradually improve trading skills. Finally, maintaining calm and patience is essential, avoiding frequent trading and chasing highs and lows. By continuously reviewing and optimizing strategies, one can gradually improve the winning rate. Although futures trading has the potential for high returns, beginners must always remember the risks and participate rationally to survive long-term in the market and achieve stable returns.
