Here are some tips for you if you trade on futures / perpetual pairs

i am not going to tell you basics about how to trade or all that stuff. i will tell you the position management .

1- Your trade should not be without a stoploss or an invalidation.

2- You must have a proper risk and reward plan. Make sure your reward is double than the amount you're risking. For example if you're risking $10 your take profit should be atleast $20.

3- Never ever let your position liquidated. If your stoploss is your liquidation . There's a 99% of the chances that you do not have any plan, you're just gambling with high leverage .

4- Never use leverage more than 3x or 5x max. Crypto is a volatile market and it moves really fast. Unexpected moves can easily liquidate you in just 1 candle.

5- Make sure you're not trading against the trend.

6- Trading on futures requires discipline and proper execution . Do not open any trade without a trade confirmation.

7- Never Do DCA on a losing trade

Good luck and keep learning .

#Darkknight19073 #Write2Earn