Tips for playing Futures using the DCA method

I will apply the DCA (dollar-cost averaging) strategy when participating in the futures market, not using stop loss unless absolutely necessary.

The reason I choose this method is because it is possible that whales or market makers (MM) will break the chart, scanning the stop loss of investors before moving up or down if You trust too much in charts and technical analysis

To apply this strategy, the most important thing is that you must have good capital management ability, understand Bitcoin's chart to know when to exit the market. For example, when BTC reaches the price of 50,000 USDT, we predict that the price will at least go to 60,000 USDT, then we can consider opening a Long position in Altcoins. If you have a capital of $1,000 to bet on futures, make sure the total order value is leveraged to about 3,000 USDt - 4,000 USDt to ensure safety. When you exceed this level, consider restructuring your portfolio.

When opening an order, you should divide it into at least 3 orders, dividing the DCA levels at -30%, -70%, -100%.

When the order has a large profit, if you want to hold it longer, you should set a stop loss equal to the purchase price.

In the futures market, choose coins with high trading volume, preferably top coins. Avoid trading unreliable currencies and avoid those that can increase or decrease sharply by 50-100% in a day.

Note . This is for those who want to play according to PP dca for those who have high patience

It's important that if you lack patience, you can divide your capital by 15-20% and set a stoploss on the order to be sure.

Wishing you a year 2024 with many successes