HOW I TRADE
The answer to this question is at the very end of the article.
The strategy for successful trading starts with learning, then you trade.
It's obvious that to make money in trading,
you need to learn first.
I'll be straight with you, demo accounts are garbage. It's like a casino sending you a disc with games. On the disc, you’ll win at roulette and blackjack all the time. Even a 2x strategy will work.
But this is all just to lure you onto the site to play with real money!
So, learn only with real deposits.
Futures trading is a great simulator.
You can have just 10 USDT in your deposit, and that's enough for a couple of months of real educational trading.
Isn't it worth spending 10 dollars on two months of education?
If you went into spot trading and tried to learn how to trade, you'd need at least 100$. And even that deposit probably wouldn't last two months.
If you really want to learn and not take any paid courses, you'll need at least a year and a half before you start getting it and before your balance starts growing steadily.
Initially, 100 dollars should be enough for 12-18 months of education. And it's normal if you lose 80%. That's okay.
Education has been successful if your balance grows steadily for two consecutive months.
Not that you accidentally turned 50 dollars into 100... and then lost it all the next week. No..
Educational trading involves opening positions of 5.1-10 USDT. You should trade at least 1000 USDT a week. It's normal to close 100-300 positions weekly during your studies, and you'll be losing regularly.
At first, losses will be around 5-10 USDT a week. If it's more, you should focus on studying theoretical materials about trading, because you're definitely doing something wrong.
When I started trading futures, I was losing up to 20 USDT a week. That's when I decided to dive into the theory.
The second attempt was more successful.. and I split my deposit into two parts. One stayed in spot, the other, a small amount, in futures. I moved only 5 USDT to futures, and I managed to hold out for two months on those 5 dollars before the amount dropped to 1 dollar.
Then I added 2 dollars, and I had 3 USDT in futures, and every time the amount dropped to 1 dollar, I added 2 and continued.
To this day, I experience both gains and losses. But for instance, in August, I ended up with a loss of 1.5 USDT, which I consider a decent result.
If you achieve such small losses trading around 3-5 thousand USDT a month, while having 1 to 5 dollars in your futures wallet, that's an excellent result.. it means you'll soon reach break-even trading. Everyone is different, but I think it'll take a couple more months for that. By that time, you'll be able to limit your positions to sizes of 5-7 USDT and increase the number of positions sized 7-15 USDT.
In theory, your futures wallet shouldn't change in size. It can still stay around 4-10 dollars. Soon, you'll be able to achieve a positive balance movement.
If you make +5 dollars in a month, withdraw 4 USDT and throw it into spot.
By gradually increasing the size of your futures wallet, you'll be able to transfer between 3 to 10 dollars to your spot wallet each month.
And don't rush to increase the size of your positions. Slowly increase your position sizes and act according to the strategies that you found to be your niche.
Here are a few tips during your learning phase:
1. Enable isolated margin.
2. Use leverage from 20x to 25x.
Why such high leverage?
You will only need 2-3 USDT in your wallet. For comfortable trading, 5-6 is ideal.
Also, if you forget to set a stop-loss, your losses won't be huge since liquidation on isolated margin will close your position with a small loss. Liquidation happens when the price moves against you by such a percentage = 100/leverage.
For instance, if you're using 40x leverage, your position will get liquidated if the price moves against you by 100/40 = 2.5%.
Isn’t it pretty much the same as a stop-loss?
Why you shouldn't use leverage of 40x or higher?
Because you'll need to calculate your entry price very accurately. Otherwise, you'll face a lot of liquidations.
Try using these, they work well with a movement of 1% per hour.