Brothers, let's be real! Today, I'll share some practical advice on how to survive and make money in the futures market.
Two months ago, I was a newbie too, starting with 3000 USDT and couldn't even find leverage. Now my account has over 200,000 USDT, all thanks to these five survival mantras:
1.
Cut losses quickly, don't be stubborn like a mule.
If you're on the wrong track, admit it immediately and don't wait for a rebound. I learned this the hard way after blowing up my account twice: the market punishes all forms of resistance, and only by staying alive do you have a chance to recover.
2.
If you hit five consecutive losses, turn off the machine.
When the market is erratic, stop after five consecutive stop losses. The next day, you might find the pit you dug for yourself has filled in.
3.
Withdraw after making 3000.
Remember: the balance on the exchange is just numbers! I withdraw half every time I make 3000 USDT; cash in hand is real money.
4.
Only eat the main course, don't gnaw on bones.
100x leverage is a rocket in a trend, but a meat grinder in consolidation. If there's no clear direction, take a break; don't get fidgety.
5.
Don't exceed one-tenth of your total capital.
A 10% position allows you to watch market fluctuations with a smile; going all in is gambling with your life. Think about a buffet: if you eat your tenth plate, you're bound to end up in the hospital.
Follow Zeus, and learn how to roll snowballs in the safest way. Remember: the longer you live, the more you can laugh in the end!
