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Initial capital 100U, currently up 3.5x leveraged position!!!
Let me share my two methods. The first is a trailing stop loss with no take profit set, opening at 120x leverage, with breakeven set at 100% profit, and 100% position closed at 200% profit, and so on.
The second method is 200x leverage—take profit on half the position at 200% profit which equals the position size, then set the remaining at breakeven.
For futures trading, the most important things are position mode and position management. I recommend opening positions at 2% of capital, and adding positions at 3%.
For small accounts with 10U or 20U, it's different—you can open 1U at 128x to trade, but I don't recommend 200x. Set strict stop losses, and once you set a stop loss, try not to move it. Don't watch the charts! Don't watch the charts! Don't watch the charts!
Because watching the charts won't solve anything—it will only make you more confused!
Finally, wishing everyone to make more U!