LIVEBest way to utilize Futures is: -
a. Take Trades only twice your wallet amount. As a thumb rule, use 10% capital with 20x.
b. Divide TPs(Take Profit) into three with percentages suggested to be TP1(50%),TP2(25%) & TP3(25%).
c. Never Linger on one trade for longer period of time like 2-3 days, sudden dumps and pumps are inevitable.
d. Put Stop Loss. No business can bring profit always, so be prepared for worst while hoping for best.
e. Never ever go for DCA(Dollar Cost Average) when in loss, Accept your own terms of stop loss decided previously when you took trade.
f. If your trade goes beyond 12 -15 hours and you are not getting closer to TPs, close in minimal profit.
g. It can happen that you take a trade and it goes in huge profit all of a sudden, try taking reverse trade. Like if you longed a coin at 1 and it reached 1.1, take short from 1.1
h. Small profit is still a profit. Small progress is still a progress. Instead of going for Profit and Loss days, try to divide your days into Big and Small profit days.
I. Don't invest in a single coin. Take 3-4 trades and leave as soon as you are in profit.
2.5$ in 1 trade is excellent of you can replicate same in other 3 trades.
j. If you face loss, take a break. Relax your nerves,control your emotions.
k. Winners never quit, so keep going and don't stop.
