@fundingpips Could you please explain how i lost this account because I had I total loss of about 70$ only. Does floating profit count as loss if price reverse and I closed before even it reached my entry?
If you donβt want to hate Futures trading, stick to my risk-management plan.
Risk only 5% of your total Futures balance per trade and even that 5%, never go all-in. Split your entries and give yourself room to manage the position.
With time, discipline and experience, you may become comfortable taking 10% risk. But donβt rush there.
The funny thing is, many of you donβt follow the rules I teach. I have more USDT available than most of you, yet I still follow these rules strictly. Having more capital is not an excuse to take more unnecessary risk.
Remember: Futures trading is extremely risky. Your fundamental analysis and technical analysis can give you an edge, but when manipulation enters the market, the chart can move against your analysis in seconds.
Your first goal is not to make millions.
Your first goal is to stay in the game long enough to learn.