☆Here are some essential rules for profitable trading: ✌️
●Limit your risk: Never allocate more than 20% of your capital on a single trade.
●Be cautious with leverage: Futures trading is highly risky and can lead to a total loss of capital. Avoid using more than 10x leverage on any trade.
●Use stop-loss orders: Always set a stop-loss to protect your capital. Don’t let emotions control your decisions.
●Do your homework: Analyze charts and data before entering a trade. If you’re not familiar with this, start by learning Price Action trading.
●Stay short-term in futures: Avoid holding any futures contracts for more than a few weeks, as short-term trades are often safer.
●Take control of your money: It’s your hard-earned money, so don’t blindly follow others. Make your own informed decisions.
●Follow the trend: Try to avoid trading against the overall market direction.
By sticking to these rules, you can better manage risk and make smarter trading decisions.
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