Example Trade Idea

Assume you want to trade Bitcoin (BTC) perpetual futures on Binance.

Scenario

Current Price: Bitcoin is trading at $30,000.Market Analysis: You believe Bitcoin is oversold based on technical indicators and expect a bounce.

Trade Setup

Entry: Buy 1 BTC perpetual contract at $30,000.Stop Loss: Set a stop loss at $29,500 to limit potential losses.Take Profit: Set a profit target at $32,000 based on resistance levels.

Risk Management

Position Size: If your risk tolerance allows for a 2% risk per trade and your account balance is $10,000, the maximum risk per trade would be $200.Calculation: With a stop loss of $500 (entry price - stop loss price), you can trade 0.4 BTC ($200 / $500).

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