#21

I received these messages from my friend and he told me about someone. he long #BTC first at $42k during the dip and exited at $38k and now he is short from $48k and the market is still squeezing him.

The major problem why traders lose money in futures is because they do not have one bias, they do not stick to one plan and that is only because they have the option to trade on both sides and this keeps them busy finding trades all the time either up or down.

i always force my followers not to trade against the trend even if you can short it to make money just do not short it when the trend is bullish. Find reasons to long and if you dont have a long setup don't force a short setup just wait for a pullback or whatever you want.

Crypto is a trending market if it starts a trend it just keeps going into that direction. Firstly i stop people to trade on futures if they're starting new because they're the people who lose the most amount of money there. But if you really want to trade on futures trade with the trend.

- If the high timeframe trend is bullish look for longs only on pullbacks or consolidation breakouts, doesn't matter if your 15 minutes or 1hr chart is calling for a drop.

- if the trend is bearish, Look for shorts.

This is how you can take maximum advantage of trading on futures but 90% of the traders fail to understand this.