💥FUTURES TRADING PRINCIPLES ON BINANCE
Trading futures is not about taking risks, but about **surviving in the long run**.
1. Do not trade based on emotions.
FOMO, frustration, wanting to recover quickly will only push you into a pit.
2. Always have a stop loss.
If you're wrong, cut it. As long as you have money, you have opportunities.
3. Don't use too high leverage.
High leverage doesn't make you better, it just makes you burn faster.
4. Entering trades must have a plan.
Know where to enter, where to cut, where to take profit before clicking.
5. Prioritize capital preservation.
Keeping your money is essential to have a chance to recover.
6. Fewer trades but of high quality.
Not every moment has a good setup; patience is the real advantage.
=> Futures are not for the impatient. To win in the long run, one must be disciplined, cool-headed, and know when to fear.
Leave this here to read as a Buddhist scripture. One must know when to stop and not be greedy or stubborn!
@CZ @heyi
Trading futures is not about taking risks, but about **surviving in the long run**.
1. Do not trade based on emotions.
FOMO, frustration, wanting to recover quickly will only push you into a pit.
2. Always have a stop loss.
If you're wrong, cut it. As long as you have money, you have opportunities.
3. Don't use too high leverage.
High leverage doesn't make you better, it just makes you burn faster.
4. Entering trades must have a plan.
Know where to enter, where to cut, where to take profit before clicking.
5. Prioritize capital preservation.
Keeping your money is essential to have a chance to recover.
6. Fewer trades but of high quality.
Not every moment has a good setup; patience is the real advantage.
=> Futures are not for the impatient. To win in the long run, one must be disciplined, cool-headed, and know when to fear.
Leave this here to read as a Buddhist scripture. One must know when to stop and not be greedy or stubborn!
@CZ @heyi