🚀 From $30 to $280+: My Futures Trading Journey Explained 📉📈
Guys, look at this! 👇
I started this specific challenge with just $30 in my wallet. Today, I’m sitting at over $280+. That’s nearly a 9x return in less than a month! 🤯 Honesty time: It hasn’t been a straight line up. As you can see in my January PNL screenshot attached below, trading is a battlefield. 🛡️⚔️ Here’s the reality behind the numbers: ✅ The Wins: I had some amazing green streaks. Check out Jan 5th to Jan 8th—consistent gains. And that recovery on Jan 24th (+39.06) felt absolutely massive after a tough week! ❌ The Losses: I took some hits. Jan 21st was rough (-$32.20), and Jan 2nd started the year in the red. But the key? I didn't let the red days blow up the account. I managed the risk, stayed calm, and made it back. My Watchlist 📋: I’ve been focusing heavily on Futures for these pairs: 🪙 $BTC & $ETH (The Kings) 🚀 $SOL & $XRP (For the volatility) 🌊 $RIVER (Catching those moves!) Key Takeaway: You don't need thousands of dollars to start. You need patience, risk management, and the ability to bounce back after a red day. 📉➡️📈 This is just the beginning. The goal is to keep compounding! 🚀 👇 Drop a comment: How is your January PNL looking? Are you green or red this month? Let's talk strategy!
Scalping on the 5-minute (5m) chart is a fast-paced way to trade, aiming to capture small price movements. For Bitcoin (BTC/USDT), this volatility can offer opportunities. This post outlines a straightforward strategy using two common indicators: the Exponential Moving Average (EMA) and the Relative Strength Index (RSI). Disclaimer: This is an educational guide, not financial advice. Trading cryptocurrency, especially with leverage on short timeframes, is extremely risky and can lead to significant financial loss. Always use a stop-loss and never trade with money you cannot afford to lose. The Setup: Indicators Before we start, you need to set up your 5-minute $BTC chart on a platform like TradingView. * Timeframe: 5-Minute (5m) * Indicator 1: 9-period EMA (This is our "fast" line) * Indicator 2: 21-period EMA (This is our "slow" line) * Indicator 3: Relative Strength Index (RSI) with a 14-period length. We will also add a 50-level line to the RSI. Your chart should now show the price, two EMAs that follow the price, and the RSI oscillator at the bottom. The Trading Rules This strategy is based on a moving average crossover for the entry signal, with the RSI acting as a momentum filter. Rule 1: The Long (Buy) Setup We look to buy when momentum is shifting bullish. * Entry Signal: The 9-EMA (fast) crosses above the 21-EMA (slow). * Momentum Filter: At the time of the crossover, the RSI must be above 50. This confirms that buyers have momentum. * Entry: Enter a long position on the close of the candle after the crossover is confirmed. Rule 2: The Short (Sell) Setup We look to sell when momentum is shifting bearish. * Entry Signal: The 9-EMA (fast) crosses below the 21-EMA (slow). * Momentum Filter: At the time of the crossover, the RSI must be below 50. This confirms that sellers are in control. * Entry: Enter a short position on the close of the candle after the crossover is confirmed. Risk Management: The Most Important Part A setup is useless without risk management. * Stop-Loss (SL): For a long trade, place your stop-loss just below the recent swing low or below the 21-EMA. For a short trade, place it just above the recent swing high or above the 21-EMA. * Take-Profit (TP): Since this is a scalping strategy, aim for a fixed Risk/Reward ratio of 1.5:1. For example, if your stop-loss is $100 away from your entry, your take-profit should be $150 away. Warning: This strategy will not work well in "choppy" or sideways markets where the EMAs cross back and forth repeatedly. It performs best when there is a clear trend. Always backtest any strategy before trading it with real money.