My recommendations for leverage enthusiasts and those seeking quick gains:
🔵Surprisingly, it might be beneficial for newcomers to temporarily refrain from trading futures. The current volatility is escalating, and market sentiment has reached a peak of euphoria. Many have already incurred losses on shorts for SOL, LINK, and other assets.
🔵Even a minor pullback can instantly wipe out all your margin positions. Be cautious, always set stop-loss orders, and, ideally, abstain from futures trading in the current conditions.
🔵In the current market situation, where emotions and speculations play a significant role, it's essential to remember the fundamentals of risk management. Despite the allure of high leveraged trading returns, risks are also magnified.
🔵Don't forget about portfolio diversification, and don't invest more than you are willing to lose.
🔵Avoid succumbing to the overall market sentiment, which can be deceptive. Remember that preserving capital in high volatility conditions is sometimes more crucial than multiplying it multiple times.
