The safest way to trade crypto futures!

As a leveraged trader, volatility can be magnified by leverage. In trading, the primary consideration is not volatility but certainty.

In an upward trend, go long on the strongest coins; conversely, in a downward trend, go short on the weakest coins.

For example, at the start of the new quarter last year, the strongest performers were EOS and ETH. When retracing, the first choices for going long were these two coins. When falling, the first choice for going short was Bitcoin. Even if the end result was that altcoins dropped more than Bitcoin, only shorting or chasing shorts on Bitcoin can greatly avoid the risk of violent rebounds.

Most people in crypto are short-term traders. When trading, it's hard to hold to an ideal closing price, and they are not very skilled at position management, nor can they rely on range-bound trading to average down. Based on this situation, for most traders, a good entry price is more important than anything else.

Once there is profit, take some off the table first to secure gains, and set a stop-loss at cost for the remaining position. This is what I have always emphasized.

First principles of futures trading strategy:

(1) Identify the main trend, and only trade in the direction of the main trend; otherwise, don't trade.
(2) If you are trading with the trend, entry points:
1. New breakout points of the trend;
2. Breakout points where consolidation is heading in a certain direction;
3. Retracement points in an uptrend or rebound points in a downtrend.
(3) Positions taken with the trend will bring you substantial profits; never exit early.
(4) If the entry aligns with the major trend and paper profits prove you are right, you can pyramid add positions. (Refer to point 2)
(5) Keep the position unchanged until the trend reverses to close.
(6) If the market trend goes against the position, stop loss and run fast.

In addition to adhering to the above strategies, remember three qualities: discipline, discipline, and discipline!

The way of trading is to accumulate small gains, and compound interest is king. If you have already left cost, you must never turn it back into a loss. If there is profit, be sure to take some profits to avoid ending up with nothing.
To summarize in one sentence: When you have profit, take it boldly; the rest stays until it hits cost.
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