Just like in cash market, you are entitled to huge loses in future market as well in case your prediction goes wrong. As a matter of fact, you are subject to more losses in the futures market than in cash market as you are likely to have more exposure due to the margin trading system. Therefore, you need to avoid all the mistakes that one can make which can lead to huge losses. The first thing you need to do is using bitcoin to trade in the futures market. When you do trading in crypto prediction markets using bitcoins, the middleman and commission vanish that might be there when you do a direct bank transfer or use PayPal to transfer money to your trading account.
A Proper System
Every successful trader in the future market follows a particular system of trading and under no circumstances, they go against it. Such a system must be designed in such a way that under every circumstance, you make a minimum loss but maximum profit. This is also called trading strategy. You can find various such strategies online and you should try them out so that you can find the best one for you and use the same successful strategy to replicate profit every time you trade.
You should never leave your trade in one-sided move. For example, you know one index is about to go up. But when it does not go according to your plan, you should not wait and short sell something against it so that the loss can be minimal. This is what is called hedging and it can bar a certain percentage of profit, but it will save you from massive losses. If you are not a fan of the hedge, you should always keep a strict stop loss as per the loss amount you are ready to incur.
Ready To Change – All speculative markets are ever changing and if you are not open to new ideas and changes, you are going to become obsolete. Trading is not an emotional thing but a logical place. For example, previously trading used to be done via bank transfer and PayPal. But now you can do trading in crypto prediction markets using bitcoinsand it is profitable in the sense that you do not have to pay extra commission for the transfer. Similarly, you should not stick to one stock or index for your lifetime. Whenever you find opportunities, you should adopt it.