1. ๐ Know the Market
Crypto futures are highly volatile. Analyze market trends, price charts, and sentiment before opening any positions. A well-informed trader minimizes risks.
2. โ๏ธ Use Leverage Wisely
Leverage amplifies both profits and losses. Start with lower leverage (e.g., 2x or 5x) and gradually scale up as you gain experience. Avoid over-leveraging, as it can lead to liquidation.
3. ๐ Set Stop-Loss & Take-Profit
Always define your risk level. Use stop-loss to limit potential losses and take-profit to secure gains. Discipline is the key to surviving in the volatile crypto world.
4. โฑ๏ธ Manage Time Effectively
Futures trading requires active monitoring. Avoid holding positions for too long, especially during high volatility, unless you're confident about your strategy.
5. ๐ง Control Your Emotions
Fear and greed can lead to impulsive decisions. Stick to your trading plan and avoid chasing losses or over-trading after wins.
6. ๐ผ Diversify Your Portfolio
Donโt put all your capital into a single trade. Diversification reduces risk and ensures sustainability in the long run.
โ ๏ธ Pro Tip: Crypto futures trading carries significant risk. Only trade with fun....
ds you can afford to lose!
