A few crucial elements to all futures trading strategies can help you prevent losses and make the most of your trading. First of all, you need to have a solid trading plan. This means you need to know precisely when to enter and exit a trade.
You also need to set strict stop-losses and take-profits. By doing this, you’ll know exactly when to get out of a trade if things go wrong.
Also, you need to have discipline and not let emotions influence your trading decisions. If you’re feeling emotional, it’s always best to take a break and return later. Finally, you need to diversify your portfolio and ensure you won’t lose everything if the market turns for the worse.