Earn small, learn big.
I saw a few posts for the past few days on Square on the topic that must be mostly wanted by the majority of users with limited financial capacities - where to start and what exactly to do when you have limited capital to start.
I wanted to share my own experience and give practical tools.
Futures.
While learning and surfing terabytes of info, please check and feel free to use, the following rules and examples:
1. Always keep in mind “golden” conservative rule: you ratio should never exceed 10%. It means that when you allocate 200 USD for the trade, all your cumulative positions in dynamics should not exceed 9%-10% risk. Safe is up to 8% or ~1600 in total.
2. When you start - do not take more than two positions.
3. Allocate time.
4. Define your stops.
5. Be practical. Close between 15%-20% profit.
6. Have extra 50 USDT on spot just in case to balance the ratio when needed.
7. Even if you have 0.80 profit or 1.20 - close. Rather repeat it 10 times.
8. Make daily target. Start with small.
9. Learn. Always make a lesson, study the COIN, without fancy tools learn dynamics.
10. Time allocation, risk ratio, closing positively and learning non stop.
11. From the coins on “stable” volatility try with
#AGDL #PERP or
#INJ GOOD LUCK