Basic laws of profitable future trading
max profit and max loss.
2. Use isolated instead of cross margin.
3. Invest daily profit in regularly buying assets like a SIP.
4.max loss should ideally be 50% of max profit.
5.you should have 5x of your trade value.
6.when you reach 60%of your max profit during the trade then invoke stop loss at 50%.
7.trade value should be double of your max profit.
example.
you want to earn 10 USDT daily.
you take a trade of 20 USDT at a leverage of 20x . your total trade volume becomes 20x20=400USDT
your total portfolio amount in futures should be 20x5=100 USDT
portfolio= 100USDT
trade value =20 USDT
trade volume= 400 USDT
max. profit=10 USDT
max. loss= 5 USDT
your take profit will become 2.5% of your trade volume means if the market moves in your expected direction 1/40 then your profit is booked.whereas if it takes a reverse turn your loss will be at 1/80 i.e. 1.25% of trade volume. This way you have a probability of 66.66% to profit.
choosing whether to go bullish or bearish should depend upon market conditions. I recommend studying market movements of btc and your choice of coin for half an hour before entering a trade.
major time of market movements:
00:00 UTC 10:00 UTC 12:00 UTC 2:00 UTC . check accordingly to your time zone.
Happy earning.
remember even if you win or loose don't make another trade. and don't forget to invest the profit in a good crypto that has a track record of good returns.
This is not a financial advice. it is just how i am making money. The key is to maintain decipline and don't fall for earning more than your set target. although if the movement is in your direction you can take more profit and set stop loss at your max profit.
DYOR cause not everyone can maintain decipline. $BTC