Trading a crypto bullmarket ? EasyPeasy ?

Let us consider we are talking about Levergaed futures trading and not regular investing. Investing into a coin without any margin or any levergae is not the Trading we are talking about. For those trades your asolute loss is what you have invested.

Well, I personally have been trading futures since 2019 and the only way I could stop my capital decaying and actually make money was when I used stoplosses and when I tried to see the market for what it is rather than being emotionally attached with the shorts or longs.

First of all you need to have a rough understanding of the instrument your trading what the narrative behind that token is and specific reasons to why you think it has the potential to pump like crazy.

Let us be honest here, getting a 200% win and holding it to 500% is one of the biggest mental and psychological battles you will have to be ready to deal with at the same time you can't be sad about the fact once you sell the coin can go up much higher. You will also have to be cognizant of the fact that when the coin reaches certain levels there can be flash liquidations which might take off 100% of your profits in a blink of an eye.

Now, the only ways to survive are using

1.a.Stoplosses.

b. Understanding the coin and its Utility.

2.Position management.

3.Mentally preparing yourself to be wrong.

4.Being patient in pullbacks.

5. Not revenge trading and taking higher risk positions to convert your existing losses.

6. Risk management.

and most importantly,

7. Not getting Greedy.

Hope this post brings some value into your trading methology.

Take care and Have fun.

#Altcoins👀🚀 #Futures_Trading #RiskManagement