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some tips for the new traders 🫶🏻🫰🏻

For newbies in futures, it’s important to learn first. The best way to learn is to try hundreds of trades first with very small money & I mean small like $10.

The market ain’t running away anytime soon.

The second most important thing is that u MUST have like a $1000 in your trading account & never ever enter trades exceeding 10% of that. The means that 900 is just idle there if not more. This would allow u to double the order near liquidation which brings us to No. 3;

Always place an order near liquidation if you don’t want to put a stop loss but this leads us to the rule of Number 4:

Unless you intend to sit there watching the movement on a min by min basis then you MUST always put a Stop Loss. Raise this stop loss to a small earning later when you are in profit.

Now No. 5: DO NOT trade BTC or ETH until you have $10,000 while trading with $100. The swings are just too much touching liquidation in a blink of an eye.

Here is No. 6: do not and I mean DO NOT double down through the trade! Once it’s open, leave it to play out. Don’t see the chart going up (if longing) and add more market order to the existing order. This leads us to No. 7:

Making small profits per day will accumulate to $100-200 from the $100 u invest. Be happy and content with that. DO NOT get too excited coz u lost and wanna make up what u lost in an hour. You will loose more! After u build a good knowledge and base money from earning, then u can open many trades at the same time. But always always always use 10% of trading funds in trades and keep the rest idle as emergency funds.

I hope all this makes sense and u can relate. Good luck.