How to win in futures trading?
I just started futures trading few days ago with a capital of 50$. Well, it isn't really a capital but, a test if I win or loss.
The Plan:
I set up a plan to take a maximum profit of 10$ per trade per day.
The Strategy:
I used ALMA and MACD. If candles are below ALMA and MACD is downwards, I will sell short, otherwise I will buy long. In sell short, the moment the candles will go above the ALMA line and the MACD trend starts to go up, I execute. I set up a stop in case I will get busy or fall asleep to avoid liquidation.
The Result:
I had a total of 4 trades, 3 of which were a win while the other ones is loss due to falling asleep 😭. This is a 75% win rate.
Conclusion:
I've a seen and read post of traders who got liquidated. Thousands to millions of dollars lost. If you go for futures trade without a plan and strategy, that's when you'll incur big losses. But, with a plan, strategy, and without greed, then there's no way that you will not profit