For Anyone who decides to use my Trading Ideas 💡, Keep these certain rules in Mind:
1- Most of my Long/ Short Signals will be Swings so keep in mind that many ideas would require some amount of Patience.
2-For every Trade, Please don’t go All In at any price point, but rather split your entries in the Range Provided in Small Parts of the Total Position Size you are comfortable with Trading.
3-Leverage is Irrelevant, you make money on your Position Size, not your Leverage.
4- Use the Calculator Provided on the Futures Page( +/= Sign) at the Top Right of the Screen to always calculate your Liquidation levels and to ensure that you are using a Position Size which is in accordance to your Total Portfolio so that you don’t Trade beyond your Means.
5- Since the Market is very Volatile due to Huge price Shift Candles in BTC, make sure that in this current Market you always use a position size which might be much lower than what you might have been trading with before BTC crossed 31K.
6. If at any point, BTC makes a Huge change in its price(a 3000-5000 change), Make sure that you close all of your Trades which are opposite to the Direction in whichever direction BTC goes. Meaning, if you are Long on Alts and BTC goes down significantly, then cut your trades whether in profit or not. If you are Short and BTC goes up significantly, then close your Short trades on Alts.
7. Use Stop Losses in accordance to the amount you are comfortable with losing since that is what you are willing to lose. When proven wrong, stay away from the market for a few hours and don’t try to revenge trade or counter trade , especially if you are trying to counter trade the Trend.
8. Trading is a game of Patience, Skill and Experience. You can not force the Market to move in the way you want to.
You adapt to the Market.
Change your bias if you constantly keep losing.
9. Trading Derivatives/ Futures is always a Risky game. Please Trade with a Plan and avoid Overtrading.
10. One good Trade can cover up all of your previous losses. Don’t get discouraged if you lose sometimes.