Do you know why people keep losing a lot of money when trading Futures ????

When trading a coin like $NOT on Futures you need to be very prepared. for anything can happen in seconds

When trading Futures,especially if you are a beginner, always have your stop loss set in the right place, I know you see a lot of traders trading Futures without stop loss but don’t ever try that, always trade with stop loss set,for example

If you are trading $PEPE or $NOT on futures with $500, it is advisable you use less than 10x leverage, for us, we will always use 5x leverage

Before placing the trade, we will check how much we are willing to risk on that particular trade, most times when we trade with $500, we only risk $55 to a maximum of $80 and our take profit from $150 - $500



When all these metrics are checked, we place our trade and 85% of the time, we end up being profitable

Look, if you don’t place stop loss, your trade can go from -$30 to -$370 in minutes and remember this is a $500 account, any small movement you will hit your stop lose, so instead of losing $500,

Why not loss only $80 and still have $420 remaining, at least with this $420, you can enter another trade and make a 100% ($420) profit and recover the $80 you lost

A lot of traders would agree to this, but if you don’t , please share your views below

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