For spot & futures traders/investors. For anyone who wants to take their game to the next level and gradually begin outperforming the market đ
HTF plays > up to 3% of trading account (max 5% if optimal). These optimal plays is where the big gains are, and you run them for weeks to months while playing shorter-term opportunities, and if any of your shorter-term plays goes against your expectation, you "shave off" some profit from your HTF play in order to cover that smaller loss. It's called: Hedging (Risk management). Always strive to be in such plays, whether in Futures or Spot trading.
MTF plays > up to 2% of trading account. These trades can last several days to few weeks.
LTF plays > up to 1% of trading account. These plays can last minutes, hours, or 2-3 days. There's more "noise" here, and volatility. Not the wisest trading style for inexperienced traders, and in a market that's open 24/7 with thousands of different coins, there's no need to chase what most assume to be "faster gains". It's not. It's an illusion. If anything, you're just adding much more risk. Play on MTFs and HTFs and your profit & success rate will dramatically increase.
If your trading account is small, you might need to increase the % at risk, but you should never go above 10% no matter the size of your account, especially if you're new to the game. Lose the least possible during the learning process đ788 Rules
Trail ALL your positions once in profit. You might leave some profits on the table here and there as your SL is hit and price carry on going on the direction you expected without going back to your entry or initial SL, but you're better off accumulating profits gradually than trying to maximize the gains on each play. No need, and if you learn how to trail your SL properly, below or above "hidden" liquidity levels paired with other tier 1 confluence, you will not really be stopped early very often. Still, best to be stopped on profit than seeing a nice profit on your position today, and next day your SL got hit and you lost $ instead.
Spot positions do not require as much refining as with futures, but always make sure you have realistic targets set before you buy into anything.
ALL plays can and might need to be adjusted at any time. This game is not "linear" and will never be. You will fail in many trades, but over time you will optimize your game and understand the market, and this will lead you to fail less and eventually begin becoming consistent. Very high success rate is not a "myth" and anyone can achieve that, if they believe it's possible and that they have what it takes. The day will eventually come where you can profit on a Weekly basis and on any market conditions. That's when you truly Win and live the life you dream to live. Will you be able to go through all the hardships without giving up though?...
Lastly...
â ïž NEVER REVENGE TRADE â ïž
If your idea failed, be it on Spot or futures, that's it. Don't HODL or add to your position into oblivion. Move on, and you'll recover your SL on a future play.
