Two days ago, decided to take a chance with $HIGH .

Entered at $6.5 with the assumption that it will rise to 7.5 or at best 8.5. It went up to 7, after which it began to deviate downwards. I, as usual, acted emotionally and closed the bet while I was in the winnings with an average price of 6.85

Then I saw how it started to grow again... 7.5... 8... 8.5... And after a continuous drop in the market, it jumped sharply to 9.5!

I freaked out and thought how I should have done the right thing, where did I go wrong? And now $HIGH below $6...

The market is too unpredictable.. and in futures carelessness often leads to liquidation 🥲

In a couple of hours, you can turn from a king into a beggar who will ask strangers to drop a couple of pennies into your wallet.

I was wondering how you try to protect your orders? Do you use stop-losses, hedging, limit-market orders in the opposite direction or something else (I do not accept offers not to play on futures😉)? What exactly?

I am currently trying to use limit market orders in the opposite direction if the price deviates too much from my prediction, but my emotionality makes me close them too early and my unrealized profit has been in the red for over a month :) so what has worked best or worst for you?