Pro trader&invest since 2019. Happy to share my experience to the community. Make sure you follow me so you don't miss any big opportunity in the future. 🇻🇳🚀
1. Risk Management: Set a reasonable leverage level and only risk a small percentage of your trading capital on a single trade. This helps protect your account from rapid price movements.
2. Stop-Loss Orders: Always use stop-loss orders to limit potential losses. Set these orders at a level where you are comfortable taking the loss, based on your risk tolerance and analysis.
3. Diversify Trades: Avoid putting all your funds into a single trade. Diversifying your trades across different assets or trading pairs can help spread risk.
4. Monitoring Positions: Regularly monitor your open positions, especially in volatile markets. Be aware of market developments and news that may impact your trades.
5. Use Take-Profit Orders: Consider setting take-profit orders to secure profits when the market moves in your favor. This can help prevent the temptation to hold onto positions for too long.
6. Understand Liquidation Price: Be aware of your liquidation price, and ensure it is well below critical support levels. This reduces the risk of getting liquidated during temporary market fluctuations.
7. Stay Informed: Keep yourself informed about market conditions, news, and events that could affect the assets you are trading. Being aware of potential catalysts can help you make more informed decisions.
Don't over trade, don't force yourself to trade . Be patient. Believe me guys, you just wait for the opportunity to come to you and take it. That's my secret in trading. Hold your cash like a 🦁 wait for a poor 🦌walk by and you take it #SecretToSuccess" $ETH
all of that is on paper untill you go out and practice with real money
Yusuf Khan 11
--
" MUST READ "
" MUST READ 📚 " Mastering futures trading requires a combination of technical knowledge, practical experience, risk management, and emotional discipline. Here’s a comprehensive guide to help you become a skilled futures trader:
1️⃣. Understand Futures Basics What are futures? Learn about how futures contracts work, including the concepts of leverage, margin, and settlement. Market dynamics: Understand how futures differ from spot trading (e.g., funding fees, expiration dates, and perpetual contracts). Terminology: Familiarize yourself with terms like liquidation, funding rates, and initial vs. maintenance margin.
2️⃣. Build a Strong Foundation in Technical Analysis Candlestick patterns: Learn patterns like shooting stars, dojis, hammers, and engulfing candles. Chart patterns: Recognize setups like head & shoulders, triangles, and double tops/bottoms. Indicators: Use key indicators like RSI, MACD, Bollinger Bands, and Moving Averages to confirm setups. Support and resistance: Identify critical levels for entries and exits. Volume analysis: Combine volume with price action to confirm trends.
3️⃣. Develop a Trading Strategy Choose between different trading styles like scalping, day trading, or swing trading. Focus on risk-reward ratios (e.g., aim for at least 1:2 or 1:3). Set strict entry, stop-loss, and take-profit rules. Backtest your strategy using historical data to refine it.
4️⃣. Practice Risk Management Never risk more than 1-2% of your account per trade (position sizing). Use stop-loss orders to limit losses. Avoid overleveraging. Start with low leverage (e.g., 2x–5x) until you’re more experienced. Diversify trades rather than concentrating your capital in one position.
5️⃣. Master Emotional Discipline Avoid revenge trading after losses. Stay patient and stick to your trading plan. Understand FOMO (fear of missing out) and control greed. Accept that losses are part of trading and focus on consistent performance.
6️⃣. Learn from Analysis Trade journaling: Document every trade, including your reasoning, entry/exit points, and outcomes. Reflect on mistakes and successes. Evaluate market conditions: Consider external factors like news, macroeconomic events, and overall market sentiment.
7️⃣. Focus on Futures-Specific Tools Order book reading: Learn to read order flow to gauge market sentiment. Funding rate analysis: Monitor funding rates to spot market sentiment (positive funding means long bias; negative indicates short bias). Liquidation levels: Identify areas with significant liquidation clusters as they often cause sudden price movements.
8️⃣. Stay Updated Follow crypto news, market updates, and developments in blockchain technology. Use resources like TradingView, Binance Futures, or Bybit analytics to stay ahead. Track whales' positions and high-impact market movements.
9️⃣. Use Simulators or Small Capital Practice on a demo account to test strategies without financial risk. Start trading with small amounts to gain confidence and refine your approach.
🔟. Join Communities and Learn Engage in communities like Reddit, Discord, or Telegram focused on futures trading. Follow experienced traders and learn from their setups, strategies, and mistakes.
🉐️.Key Success Factors: Consistency: Small, consistent gains are better than chasing massive wins. Adaptability: Adjust strategies based on changing market conditions. Education: Continuously learn by reading books, watching tutorials, or attending webinars. - Follow me I share daily spot & Future Trades, tech content, and Updates. -$USDC #BURNGMT
There is an event where I will all in everything I have in my account: In a long-term downtrend, suddenly one day the price drops sharply, having already decreased continuously, and now it creates another long red candle. It's called the last straw. If in the next 1 or 2 sessions it does not decrease but instead increases strongly again, surpassing the previous decreasing candle, then I will all in long all my accounts. SL below the red candle. 9/10 times I will make a profit including significant profits. This setup occurs at a position very far below MA20. It is one of the events in the trading method "the rule of space" $BTC #tradingtips
The best way to stay mentally stable is to buy and store in ledger for 2-3 halving periods. When your mentality is shaken, open the video of Michael Saylor talking about Bitcoin, after listening, you will be as steady as a mountain. Moreover, top alt coins can also be staked to get interest on the wallet while I am still holding coins. I have staked for 3 years now and the interest is the same as depositing in the bank. When holding coins on the exchange, I am very afraid of being hacked, and when my mentality is weak, I will immediately sell them. If I keep them on ledger, the procedure of transferring coins and unstaking will take a few weeks, so I will have enough time to calm down and look back at the goals I have set. In short, you should invest long-term because this is a potential market and it has only been around for 15 years. A market that has only been around for 15 years is too early to sell, too early! Regarding Bitcoin, I think it will be no less than 250k in this cycle. So you can buy at 15k, 30k, 45k, 65k, 80k, 120k, 200, 250k, don't let your emotions lead you, look far and see the value that Bitcoin brings to humanity. Most of us don't live in an environment that emphasizes privacy and censorship resistance, so it will be difficult to see the value of Bitcoin. It is a one-shot that changed human history. Don't sell when it is only 15 years old. On the macro side, this cycle has the participation of large organizations, investment funds, ETFs, governments, and in a few months, large companies will also copy the model of MicroStrategy, Trump's tax exemption policy and the national treasury reserve strategy will be passed when Trump takes office in January 2025. The next 12 months will be a reward for#Hodlersand also a punishment for the weak. So don't be stupid ass and sell your Bitcoin. $BTC
patient is the key to get rich. I bought from 19k to 35k. I do nothing from 35k to 99.8k. I will also do nothing from 100k to 250k above 250k I will think about selling. Just think about it, not sell immediately.
Follow me and pick the perfect time to get in&out. remember: 99.9% of the gain comes from waiting. $BTC 3x portfolio in less than 2 years (1.999 years I do nothing except waiting) .....and things just like the warm up
To trade Crypto Futures effectively, you can focus on the following factors:
1. Market knowledge and technical analysis Understanding how the crypto market works and mastering technical analysis tools such as moving averages, RSI, MACD, Bollinger Bands, etc. will help you identify price trends and determine accurate entry and exit points.
2. Strict risk management Futures is a highly leveraged form of trading, so the risks are also high. Set a reasonable stop-loss and never enter an order with an amount that is too large for your account. Capital management rules (e.g. only risk 1-2% per trade) will help you avoid heavy losses.
3. Stable mentality and discipline
The crypto market is highly volatile and can affect emotions. Staying calm, sticking to your strategy and avoiding emotional entry are the keys to long-term survival. Discipline helps you stick to your plan and avoid rash decisions.
4. Keep up with news and major events Cryptos often react quickly to news, especially major events such as network updates, government regulations, or statements from influential organizations.
5. Choose the right time frame and trading strategy Determine the time frame that suits your trading schedule and style, such as short-term trading (scaling), medium-term trading (swing trading), or long-term trading (position trading). Depending on the time frame, you can optimize your trading strategy to get the best results.
I am a freelance trader who has been trading Vietnamese stocks for 3 years, then switched to trading crypto since the 2020 pandemic.