In trading, both experienced and newbies catch minus. The only difference is in the amounts and number of such transactions
I trade according to my strategy and it is aimed at eliminating losses with a greater profit and making money on the minus
So, let's go:
We choose the instrument where we will trade
If your volume is 3 thousand or more, it is better to focus on Bitcoin or Ethereum; there are better entry points.
If from 300 dollars, then the altcoin should only be adequate and not some junk.
I show using the example of the coin TRB.
You entered the market and have no idea where the price will go, especially with altcoins.
You buy coins on the spot for 200 dollars and immediately enter a short position on the futures with 1 leverage for 100 dollars. Your deal is essentially 1 to 2.
It is advisable to enter in such a way that the entry price on the futures is slightly higher than on the spot; this gives you a gap to play with the stop loss in the future.
Here are two screenshots; the first is the spot where you bought, and the short entry price is slightly above the spot.
Now the most interesting part
In case of a price drop, you monitor Bitcoin; your short will give you a plus in the deal, 50% of the minus on the spot. That is, if you have minus 30 dollars on the spot, you return 15 dollars on the short.
Watch for a decrease in Bitcoin and the coin you are trading; once the price finds its lower level, close the short and you can use the money you earned to buy more on the spot.
Usually, I wait for the end of the session to catch the reversal.
You repurchased on the spot, the price rose; if it didn't reach your price on the spot and starts to decrease again, you take another short and earn more from the short.
This way you accumulate volume during price drops and consolidation from below; you still have to sit on the spot. This way, you spend less time and your overall balance stays stable.
In case of growth, you will automatically be in profit from the shorts that were closed during the decline, plus from the spot.
Now, if the price immediately starts to rise after purchase and your short position is in the negative.
Again, according to the scheme, look at Bitcoin and your coin; when the price starts to change the trend direction or hits a barrier and you see that you can sell, you will have, for example, 50 plus on the spot and 25 minus on the short, you have already guaranteed 50% profit.
You sell on the spot and set a stop loss on the short.
The price is decreasing and the short is returning its profits; even if the price has fallen and you closed at a loss, it will already be a gain since the spot has covered everything.
In order to successfully play the stop, you need a price gap as I wrote at the beginning
And
That's it, trade from anywhere, and the plus is that you are insured from all sides.
Good luck in trading
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