*FOR BEGINNERS*
When you start playing in the world of crypto, especially in futures mode, there are several tips you can follow:
1. LOOK AT THE CURRENT TREND
You will definitely be confused about whether to short or long. Don't rely solely on the percentage % that appears, but look at the chart. It may be green, but it could be entering a bearish phase (downtrend). It can also show a red percentage but is already in a bull phase (uptrend). Therefore, you need to check the chart to see if it is following the trend or entering a reversal phase.
2. TAKING TOO MUCH LEVERAGE
For people who have just entered the world of futures, they often get overly excited about leverage. In fact, the percentage of using leverage can be high if you don’t want to cry about losing all your money in a matter of minutes. Therefore, it is highly recommended not to take on too high leverage.
3. NOT SETTING STOP LOSS
This strategy is very important for anyone playing crypto, aiming to minimize losses as much as possible. Set a stop loss according to the amount you are willing to lose, so you won't feel too heavy about it.
4. FOLLOWING SIGNALS FROM OTHERS TOO MUCH
It's okay to follow signals from others; there's no prohibition against it. However, you should also conduct your own analysis of the current situation to avoid being misled by those seeking attention.
5. NOT WANTING TO CONTROL EMOTIONS
A common habit among new players is to constantly buy and sell. When they see the chart drop a little, they will immediately sell. Conversely, when they see the chart rise slightly, they rush to buy, even though the trend has not been confirmed.
"Don’t rush to make decisions, but don’t be too slow either. You must train your instincts to the maximum level to profit, and make sure to keep learning."
