Futures Trading with $300. My Journey and My Tips.
A few weeks ago I started trading (I had traded before but I lost money), and I decided to try again and I started with just $300, because when I was trading before I was always worried about losing money on my trades, so trading with a small budget eased that worry and I started feeling more comfortable trading and more confident in my decisions, so I started trading and I eventually turned that $300 into $1300, it took weeks but it was worth it, and how did I do it?
Keep it simple.
1. Learn basic trading analysis: There are so many tools to trade, so it can be overwhelming, so I recommend you to learn:- Trend lines, Support and Resistance levels, candlestick patterns, volume, RSI/Divergence and EMA, those are the ones I used for my own analysis.
2. Psychology: Always stay calm, don't stress and don't rush into trading, always analyze every trade you enter, if you are busy with other things like work, exercise etc, don't trade
3. Stop loss and take profit. Stop loss is one of the most important things when trading, so always put a stop loss when you enter a trade because you want to be greedy for your profits, the price can change and you can lose instead of winning.
4. Don't go all in.
I don't place orders with all the money I have, I enter with a margin of 5% of my account/1 transaction, so if I make a mistake I can do it again and the more I trade the more experience I gain
Good luck