1. What the market wants to do is more important than what I THINK it will or should do.
Follow the trend and park your thoughts.
2. Always, always set a stop loss. 30% to 40%
If it gets triggered, reread tip 1
3. Watch your margin. Better to trigger a stop loss than margin call.
Only buy in amounts you can afford.
4. Discipline. If 1 trade worked for you in terms of volume (contracts) and price range (ROI), repeat ..
Avoid greed. Consistency is the road to success.
Learned from 2nd day of trading futures in Gate.io and swallowing a usd 350 loss before margin call.
April 10, 2024
