How to Do BTC Futures Trading:
When you receive our analysis, follow these steps to open a trade at the market price. Here’s the detailed procedure:
1. Opening the Trade:
- Open a long or short position based on the provided analysis.
- Enter the trade with the market price.
2. Setting Take Profit (TP) Levels:
- Typically, I share TP levels for 2%, 3%, and 4% profit.
- High volatility is required to reach these higher TP levels.
3. For Day Trading Profits:
- To ensure more consistent day profits, set TP at 1% or 1.5%.
- BTC can easily rise or drop by 1% to 1.5%.
4. Example Scenario:
- Long Position: Enter at 61090
- TP at 1.5%: Set TP at 62017
5. Re-entering Trades:
- Once your TP is hit (e.g., at 19:25), wait for a short period.
- Re-enter a new trade after half an hour (e.g., at 19:30 if hit TP before 19:30 , 20:00 If hit TP before 20:00
Key Points:
- Volatility: High volatility is needed for higher TP levels.
- TP Strategy: For regular profits, use 1% or 1.5% TP.
- Re-entry: Always wait 30 minutes after hitting a TP before re-entering the market.
- Guidance: I will guide you through every step and update you on market changes.
By following this procedure, you can optimize your BTC futures trading for consistent profits.