Share with you my experience.

I have lost on future market some around -10.000$

Lower will be some advice and „chips”

I. Always use isolated mode.

Example: I want take coin say 100$, so i put highest x100(or what coin have), calculate how much i want deal was. Buy it(it cost 10$ with this margin for me), and 90$ i put adding margin.

In the end i have free cash i can out , if price go and i have profit, so i always can use that money. That mean you can take or put money in margin, so if you in profit you can take margin money and use for some other purpose or other deal, or whatever. It’s very good work with II advice in pare.

II. Always put TP/SL when you get profitable in your deal , it’s really help you always take some green numbers, not red one. You must understand for yourself how much you want(not fantasy, real numbers), get 20% and more, it’s really good, don’t forget that. And always look on %, not on usdt numbers. Learn how make % profit, not usdt(or what you use) profit. If you get 20-30% per day, it’s really good.

Also i never use stops😸 you can see it on my profit)) use stop or not, your choice. I use TP/SL only when deal was green, so in that way you can every time get some money.

Ex: I have +100 usdt profit on deal with price 0.45. So i put TP/SL TP - when i get 150$, SL on 50$ profit. That work only when you have green numbers on your deal. Even if price came more profitable and you have only 50$, because you put TP/SL that way, and price back, but you already not in deal, don’t worry and relax, you still have your profit and you don’t lose any cent🤗

III. Unfortunately, I learned that rule/advice too late, and read about that here on square, so i make some remark(don’t remember author).

Don't average losing trades!

I do that, and lose, lose because have deal like that(you can see date) couple months, and waiting when it’s get profitable. Reason why i lose, that because i was in place without internet couple days, and just don’t add more margin, i have it, and have liquidation price some around 0,61$, I have free margin, but even can imagine it will be so big fall. Maybe if I have internet, or do something, I rescue my money, bur still it will be in loses for now.

I start from 1,65 - 1000 coins. And make averaging until 3000. After waiting. I calculated i can put the same 2-3 thousand in spot and just wait…

So that reason why i switched on spot trading. Even if I lose, I just wait. One my friend waiting 1,5 year until he go in profit(he take 0.5%), because scare have loses again. On spot trading if you have even 1000$ free money, you can make not bad 3-5% per day(average for week if you make some big deal for 20-30%), like i make with $ADA it takes 4 days, but profit was 45%.

P.S Info about deal i put in picture, most losses i have it on $DYDX , so put only that picture. You also can show your picture lower and share))

P.S.s: I didn’t say future is bad, but be wise and learn on my bleeding, and on someone experience, for me, i take a big brake in futures trading.

#FutureTarding #advise #Anton_12