Futures Trading: How to Follow Our Entry Points

If you haven’t read the introduction to our strategy yet, I recommend starting with this article: https://teletype.in/@aitraders/gQ7Yt8IvtMf

Futures trading is an advanced strategy for those looking to maximize profits using leverage. While it offers significant opportunities, it also comes with increased risks. In this article, I’ll guide you on how to follow our entry points effectively.

What Are Futures?

Futures trading allows you to speculate on the price movements of an asset without owning it. You can make profits from both rising (long positions) and falling (short positions) markets by using leverage.

Leverage: Amplifies your buying power, allowing you to trade larger positions with a smaller deposit.
Margin: The funds you need to open and maintain a leveraged position.

Step 1: Choose the Right Exchange

For futures trading, I recommend using exchanges like Bitunix or BingX, which offer user-friendly interfaces and competitive fees. Here i can upgrade your VIP status when your volume comes.

Step 2: Risk Management Basics

Before diving into futures, ensure you have a solid risk management plan:

Allocate a Small Portion of Your Capital:
Use no more than 10-20% of your total portfolio for futures.
Set Stop-Loss Levels:
Always define your maximum loss per trade (e.g., 3-5% of your allocated capital).
Leverage Cautiously:
Beginners should stick to low leverage (e.g., 3x-5x) to minimize risks.

Step 3: Follow Our Entry Points

We provide precise entry points in our trading channel based on market analysis. Here’s how to follow them:

Watch for Updates in the Channel: Example Signal:

Entry signals will include the following:

Direction: Long or Short.
Entry Price Range: The price level at which to enter.
Take Profit (TP): Target levels for exiting with profit.
Stop Loss (SL): The level to exit if the trade goes against you.

Long BTC
Entry Range: $103,500–$104,000
Take Profit: $106,000
Stop Loss: $102,800

Open a Futures Position:

Navigate to the Futures section of your exchange.
Select the trading pair (e.g., BTC/USDT).
Enter the signal details:

Set the entry price.
Define the Take Profit and Stop Loss levels.
Choose your leverage.

Monitor the Trade:

Use the "Open Positions" menu to track the trade's progress.
Adjust your Stop Loss to lock in profits if the trade moves in your favor.

Step 4: Review and Learn

After each trade, analyze the results:

What went right or wrong?
Did you follow the plan?
Use these insights to refine your strategy and improve over time.

Pro Tips for Futures Trading

Stay Disciplined: Stick to the signals and avoid emotional decisions.
Avoid Over-Leveraging: High leverage can lead to liquidation during minor market corrections.
Keep an Eye on Fees: Futures trading can incur funding fees, so factor these into your calculations.
Don’t Chase Losses: If you hit your stop loss, move on to the next opportunity.

Conclusion

Futures trading is a powerful tool for those who approach it with discipline and a solid plan. By following our entry points and implementing proper risk management, you can maximize your profits while minimizing risks.

Stay tuned to our channel for updates, new signals, and more trading strategies. Wishing you successful trades! 🚀

How Our Entry Points Are Decoded

Why Our Entry Points Are Highly Reliable

The success of our entry points lies in our meticulous selection process. My team and I focus on:

Coins at Their Bottom:

We identify coins that are undervalued and have high potential for growth.
These coins often recover strongly after hitting their lows.

Coins in Accumulation Phase:

We target assets that have been in an accumulation phase for a long time and are showing signs of a breakout.
Indicators include rapidly increasing volumes and technical signals suggesting upward momentum.

Yes, these assets might experience some volatility—they won’t always hit the target immediately. However, the probability of reaching the target is very high.

Example Signal Breakdown

Here’s an example of a signal:
"Opened LONG $DRIFT at $1.53 on Bitunix."

Direction:

LONG: Indicates that we’re betting on the price increasing.

Asset:

$DRIFT: The specific cryptocurrency we’re trading.

Entry Price:

$1.53: The price level at which we opened the position.

Exchange:

Bitunix: The platform where the trade was executed.

Why This Signal?

For $DRIFT:

The price might have been near its historical low.
Volume could be spiking, indicating renewed interest and potential for growth.
Technical analysis likely showed bullish patterns.

What to Do After Receiving the Signal

Check the Signal in the Channel:
Ensure you have the latest entry points, take-profit targets, and stop-loss levels.
Open the Position:

On Bitunix, go to the Futures or Spot section (depending on the signal).
Set your entry price, leverage (if applicable), and position size.

Set Risk Management Parameters:

Always place a Stop Loss to minimize potential losses.
Use a Take Profit level to lock in gains once the target is reached.

Monitor the Market:
While we aim for high success rates, market conditions can change. Stay updated through our trading channel.

By following these steps, you’ll understand how to act on signals and maximize your chances of success. Remember, patience and discipline are key! 🚀

How to Open Positions on Bitunix

Step 1: Ensure You Have a Balance on the Futures Account

Before opening a position, make sure your Futures account has sufficient funds.

If You Don’t Have a Balance:

Go to the "Assets" Menu:
Navigate to the Assets section from the main menu.
Select "Transfer":
Choose the Transfer option.
Move Funds to Futures:

Transfer funds from your Spot account to the Futures account.
Alternatively, if you’re switching back to Spot trading, you can transfer funds from Futures to Spot.

Step 2: Open a Position

Navigate to the Futures Section:

In the main menu, go to the Futures tab.

Choose a Trading Pair:

Select the pair you want to trade (e.g., BTC/USDT or DRIFT/USDT).

Set Trade Details:

Direction:

Choose LONG if you expect the price to rise.
Choose SHORT if you expect the price to fall.

Leverage:

Adjust the leverage based on your risk tolerance (e.g., 3x, 5x).

Amount:

Specify the size of your position (how much you want to trade).

Set Risk Management Parameters:

Stop Loss (SL): Define the price at which the position will close to limit potential losses.
Take Profit (TP): Set a target price to lock in profits.

Confirm the Trade:

Review your order details and click Open Position or Confirm to execute the trade.

Step 3: Monitor the Trade

Use the Open Positions menu to track:

Entry price
Current profit/loss
Remaining margin

Adjust your Stop Loss or Take Profit levels if needed to secure gains or minimize risks.

With these steps, you’re ready to start trading on Bitunix! Always stick to your risk management rules and follow signals provided in the trading channel. 🚀

Top Left: Margin Modes – Isolated and Cross

Let’s break down the two margin modes:

Isolated Margin Mode:

Imagine you have a small island where you store your capital for a single trade.
This island is your isolated margin—it separates funds for one specific position.
If the trade goes wrong, you lose only what you allocated to this trade, leaving the rest of your balance safe.
Example: Trading with one coin, and you’re prepared to lose it, while the rest of your funds stay untouched in your wallet.

Cross Margin Mode:

Cross margin acts like a shared pool for all your trades.
If one position starts sinking, other positions can support it, like a lifesaver ring.
Risk Warning: If the entire "ship" sinks, it can take your entire balance with it.
However, using a STOP-LOSS can limit your losses and protect your overall balance.

Which Do I Use?

Since I tend to buy more positions rather than set stop-losses for the coins I trade, I prefer Cross Margin.

Top Right: Leverage Size

Leverage: Allows you to trade with more capital than you actually have by borrowing funds.

Beginner Recommendation:

Start small with 3-5x leverage.

This gives you a good buffer against liquidation and smooths out minor market corrections.

My Preference:

Once you’re comfortable, you can take on more risk.
I often trade with 10x leverage, but it’s important to do so cautiously.

Order Type: Market vs. Limit

Market Order:

Buy instantly at the current market price.
Ideal for quick entries and exits.

Limit Order:

Place a buy/sell order at a specific price.
Useful if you’re waiting for the price to hit a particular level before entering.

Long vs. Short Buttons

Long: You open a position expecting the price to rise.
Short: You open a position expecting the price to fall.

My Advice for New Traders

Start with isolated margin to minimize risk.
Use low leverage (3-5x) to avoid sudden liquidation.
Always set a stop-loss to protect your balance.

Once you’re more experienced, you can experiment with cross margin, higher leverage, and advanced strategies. 🚀

After Opening a Position: Monitoring and Managing Your Trade

1. Viewing the Position's Current State

Once you’ve opened a position, you can track its performance:

Left (PNL):

Displays your profit or loss in USDT.

Right (Percentage):

Shows your current profit or loss as a percentage of your position size.

2. Setting Stop Loss (SL) and Take Profit (TP)

Below the position details, you’ll find the TP/SL button.

Steps to Set TP and SL:

Click "TP/SL":

This opens the menu for setting your Take Profit and Stop Loss levels.

Set Take Profit (TP):

Define the price at which you want to close the position to lock in profits.
Example: If you opened a LONG position at $1.50, set TP at $1.70 to secure a profit.

Set Stop Loss (SL):

Define the price at which the position will automatically close to limit your loss.
Example: For the same LONG position, set SL at $1.40 to cap your loss.

Confirm Settings:

Double-check your TP and SL levels, then click Confirm to save the changes.

Why Set TP and SL?

Take Profit: Ensures you capture gains before the market reverses.
Stop Loss: Protects your balance from excessive losses during unexpected market movements.

By actively monitoring the PNL and setting TP/SL, you can manage your positions effectively, minimize risks, and maximize profits. 🚀

Another Interesting Feature: Trailing SL/TP

The Trailing Stop-Loss/Take-Profit is an advanced tool that automates your risk management by dynamically adjusting the stop-loss or take-profit levels as the price moves in your favor.

How Does Trailing Stop Work?

A trailing stop follows the price at a set distance, ensuring you lock in profits while letting the trade continue if the market moves in your favor.

Example:

You set a 5% trailing stop with 10x leverage.
As the price increases, the stop-loss automatically adjusts 5% below the highest price reached.
If the price drops by 5% from its peak, the position will close automatically.

Advantages:

Automates Stop-Loss: No need to adjust it manually as the price rises.
Locks in Profits: Protects your gains while allowing the trade to ride the trend.

Potential Risks:

Early Closure:

Trailing stops might close your position prematurely during minor corrections.

Market Volatility:

If the market is choppy, the trailing stop may trigger frequently, leading to missed opportunities.

My Recommendation:

I usually set the trailing stop at 5%. This ensures I capture significant upward movement while allowing room for natural market fluctuations. However, use this tool wisely and test it to find the settings that work best for you.

Final Thoughts

With these settings, you’re now fully equipped to open and manage trades using our signals. Our goal is to help you succeed and hit profitable trades alongside us in this bull market!

Feel free to ask questions in the chat, and we’ll keep updating this guide with additional details and insights.

Wishing you high profits and successful trades! 🚀