Azizbek Makhmudov

I am not taking money in cash in Russia

Hello everyone, I traded for exactly a month in futures, I am a beginner, previously I only studied theory and decided to try, and here is what I understood:
1. Those damn leverage. Never use high leverage, max 10. These huge leverages can wipe out your deposit in one go.
2. Scam coins, all sorts of shitcoins. I never got into this garbage since they can scam at any moment and give -99%.
3. Profit. You don't always have to wait for a take profit, you can take 20-30% of the profit.
4. All these charts on other coins are complete nonsense. Only one single coin dictates where the price will go, and that is Bitcoin. (excluding pump of any coins) It's important to just watch it.
5. 1%. Enter with 1% of your deposit. Yes, sometimes I couldn't do this because FOMO played and I wanted to throw in more and more money, but keep in mind that if the coin drops, it will eat up your margin. Calculate that.
6. Spot or futures. Of course, spot, the coins remain with you, they won't go anywhere and in the long term can bring more profit than futures.
7. Never trust bloggers. All these info-swindlers who lure you into their channel where the profit is 10,000% - it's all lies, their job is to feed you what you want to hear.