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Here’s what I do:
1. Manage Risk: I always set stop-loss and take-profit levels to protect my money and secure profits.
2. Use Low Leverage: I avoid high leverage. Keeping it around 3x-5x helps control risk, especially in volatile markets.
3. Diversify Trades: I don’t put all my funds into one trade. Spreading trades across different assets reduces the risk of big losses.
4. Watch the Market: I keep up with market trends and news to decide when to enter or exit a trade.
5. Use Limit Orders: I prefer limit orders to avoid extra costs from price slippage during high volatility.
What’s your strategy? Let’s share