#TradeStories #TradeLessons

My First Futures Trading Lesson :

That was my first future trade. I was not familiar in future trade. My inaugural foray into futures trading proved to be a valuable learning experience, albeit a slightly unprofitable one. I initiated a short position on ETHUSDT perpetual futures, entering at a price of $1,573.54. Observing the price action, I decided to close the trade at $1,576.35. This resulted in a small loss, reflected as a PNL of -0.11. While the outcome wasn't ideal financially, this trade served as a practical introduction to the mechanics of futures trading, including understanding entry and exit prices, and the concept of profit and loss. This first encounter has undoubtedly laid the groundwork for more informed trading decisions in the future.