FUTURES IS NOT FOR INEXPERIENCED. Study first before embarking on that mission.

I am a beginner, I have less than 6 months of experience and only a month ago I dared to enter the futures market. Although profit can be generated, the potential for losses if one plays solely by instinct is high.

What have been my beginner mistakes:

1. Misusing leverage: it increases the amount of money, but it also raises the probability of liquidation. It is better to go slow. Little capital with low leverage, at least while learning to identify the best entry and exit points.

2. Choosing currencies with very high volatility. New listings change very quickly, coupled with the lack of historical data, making it harder to identify patterns for beginners.

3. Not knowing how to read the market and its cycles. It is very important to learn technical analysis and have a clear strategy. Without that, futures contracts are bets in which the house always wins.

4. Opening positions out of revenge. If capital is lost, it is better to grieve, analyze why it happened, learn from the mistake, take a timeout, and prepare better for the next opportunity. If reinvested without a plan, the market will turn against you.

4. Risk management must be done. Using Stop Loss, it is better to lose 5 USD than 500. Learn to take profits without excessive greed and according to a structured plan. This generates growth.

5. Do not panic. Always think with a cool head, analyzing the past of the currency. Without that, it is more likely that decisions will be impulsive and lead to losses.

I believe that as in any other business, knowledge is vital. There are many resources on YouTube, specialized channels, even Binance has courses to teach the basics, but one must be diligent and learn.

$BTC #FutureTrading #amateur #fear&greed