Trading Tips

Due diligence

Trading futures is not the same as buying and selling cryptocurrency. Futures are more complicated and have a greater yield potential. Things go north and south very quickly. Do it right, you’re very profitable. Do it wrong and you risk losing your capital.

Establish and follow some basic rules, for example:

risk no more than a 2-3% percent of your entire trading capital on any single trade.

read and understand signals

analyze the market to see on what basis I agree with a signal

determine max capital risk before I take each trade

calculate an entry and stop-loss in accordance with maximum risk appetite

only enter a trade when confident I did the above

monitor my trade continuously

I will record my trade in a trade log for later review

TRADING ACRRONYMS

S = support

R = resistance

Long = enter a long position

Short = enter a short position

Stop loss = set your stop loss

TP = take profit

ST = support trendline

RT = resistance trendline

DCA = dollar cost average

R/R = Risk/Reward