Today I will share some important points for futures trading.
Let's say we have $100
1. We take a maximum leverage of 5x to 6x. Avoid more than 6 times
2. Taking margin is not enough $1 means that at 6x we can trade any coin with amount of $6 with investment of $1
3. The stop loss should be slightly below the support level.
4. If the coin is stable like Btc eth, average your trade. If you long eth and eth is 2400 and it falls to 2200, long again at 2200, your average price will be 2300 from 2400 and close half the trade at 2310. This will make you profit. Please only make stable coins.
5. When the funding rate goes negative, go long, and when it goes positive, go short. Close the trade before the funding bid expires because it will suddenly go against you after the bid expires.
6. Set trailing stop order 1 for your open positions at 1.5% or at least 2%. This will increase the chances of profit instead of TP. For example, you have a long coin with a price of $100, set a trailing stop order at 102 when it activates and the coin goes up by that much
