You dont need to risk thousands of dollars on futures to make good money with it. There are ways to do it right and ways to do it wrong.
Wrong way;
1-open your trade with a TP and a SL and hope it goes the right direction. Even if every indicator on trading view says its time to SAR doesn't mean it will. Additionally, Stop losses dont always work right away and you still have an excellent chance of liquidating, and especially if you went all in (which is also a bad idea).
2-Improper calculation of your quantities and safety trades. Yes you can liquidate before you reach your next safety trade if you dont do your math right beforehand. Setting up an excel spreadsheet is well worth the time and/or be ok with liquidating the small beginning purchaeses on your way into the larger ones.
3-going all in and/or isolating. Can you spell "lose money"? Because that is what will happen.
Right way;
1-have patience. Open your trade with an amount that wont liquidate and wait for it to get into the green before adding more funds. Adding funds will cause the TP to draw nearer so it is a delicate and time consuming process to get all your funds in over time. Multiple restarts may be needed.
2-DCA in at your desired cross margin after reviewing the charts and establishing a decent percentage of mountain-valley differences. Double down on each safety having 10 or 15. (your base oredr will be very small) DO the math beforehand, set a Take profit and take it. A small gain is always better than a huge loss but note that an unexpected movement that is larger than your SO's could result in liquidation if you dont have the cross margin to back it up.
3-DCA in at 1x cross margin. Allow the token to dip down (or up) into your oredrs and buy them at 1x. You will never liquidate. Afetr your token has gone into the green, now is the time to EXTRACT the money you have put into the token by changing the cross margin to 20x or 100x or whatever. Now you will set a SL to use as a TP (you can keep re-adjusting as the PNL grows into the green) and then take that money somewhere else to start the process over on a different coin or different exchange.
IF you really don't have the patience to do it right then an endless supply of money is quite helpful. However if you really have to do the "all in on an indicator route"....
Then think of this,
If you start with only 1cent, and you double it 27 times. You will be a millionaire. Or, with one dollar it only takes 20 times. So practice with one cent. That way you dont have much to lose.
Futures is an excellent way to make money if you have the patience and use the proper techniques. I would love to hear of anyone elses techniques that work well.
Good luck!
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