My post sharing about the Future received quite a lot of feedback, among which there are some people who did not fully understand my point, I would like to respond to some opinions as follows:
1/ This post is not for the Pros or those who are winning in the market, with stable profits, I am only sharing experiences for some brothers who are losing, burning accounts to limit the burning of accounts...
2/ The issue of maximum leverage X5, many brothers commented that leverage is not important to them or that they do not know about volume: I understand very well how leverage and volume work, the question is whether you understand what greed is? Use low leverage to limit your greed. Furthermore, when the account reaches its limit, you will not be able to add more orders. For example, if I trade X3, fully margined, I will not add more orders. At that time, my account can withstand a drop of 30% more without burning the account. If you use high leverage, can you add more orders at that time? As long as there is money, you can add more, right? What if the market continues to go against you? You will burn your account very quickly. That's the difference between low leverage and high leverage...🤣🤣🤣
3/ Some of you participate in this subject but ask very naive questions, such as how to DCA, how to close 50% of the orders.... You need to learn knowledge on YouTube, in those free groups, people share a lot... When you have experience, then participate in this subject, to avoid losing money unnecessarily...