My recommendations for leverage enthusiasts and those seeking quick gains:
đ”Surprisingly, it might be beneficial for newcomers to temporarily refrain from trading futures. The current volatility is escalating, and market sentiment has reached a peak of euphoria. Many have already incurred losses on shorts for SOL, LINK, and other assets.
đ”Even a minor pullback can instantly wipe out all your margin positions. Be cautious, always set stop-loss orders, and, ideally, abstain from futures trading in the current conditions.
đ”In the current market situation, where emotions and speculations play a significant role, it's essential to remember the fundamentals of risk management. Despite the allure of high leveraged trading returns, risks are also magnified.
đ”Don't forget about portfolio diversification, and don't invest more than you are willing to lose.
đ”Avoid succumbing to the overall market sentiment, which can be deceptive. Remember that preserving capital in high volatility conditions is sometimes more crucial than multiplying it multiple times.
