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IQ Trading
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  • 🏠Welcome to the IQ Trading Book
  • 💡Trading Psychology
    • 🧘‍♂️Emotional Detachment
      • Achieving Emotional Detachment
  • 📕Trading Fundamentals
    • ⁉️Do's and Dont's
    • 📊Market States
    • 🕯️Candle Patterns
  • 🧠IQ Trading Strategy
    • 📉Market Analysis
      • 🕕Analysis of the 6-hour Timeframe
      • 🕐Analysis of the 1-hour Timeframe
      • 🕒Analysis of the 3-minute Timeframe
      • 📚Bringing it all together
      • 💰Happy Trading
  • 💸START TRADING
    • ⚒️Set up BingX Account
  • 💎VIP CONTENT
    • 🔒Price vs Candle
    • 🔒Aim For Bigger Profits
    • 🔒Bitcoin Critical Hours
    • 🔒How To Time Entries
    • 🔒How To Time Exits
    • 🔒When To Stop Trading
  • 🔗Links
    • Website
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  • You Should Always
  • You Should Never
  1. Trading Fundamentals

Do's and Dont's

This section aims to clarify some of the essential Do's and Don'ts to incorporate into your day-to-day trading practices.

Warning: While IQ Trading doesn't offer financial advice, we highly recommend adhering to these best practices to minimize potential setbacks on your trading journey.

You Should Always

  • Set your margin mode to "Cross Margin"

  • Only use a maximum of 30% of your account balance for trading (ensure at least 70% remains as available margin to safeguard your trades from liquidation).

  • Utilize 100X leverage when trading Bitcoin, as this is the optimal leverage for this asset when employing the IQ Trading strategy.

You Should Never

  • Deposit into your Standard Futures wallet an amount greater than what you are willing to lose.

  • Deposit additional funds into your Standard Futures wallet to prevent liquidation on an open losing trade.

  • Trade on your phone or when you don't have focused time for trading.

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Last updated 1 year ago

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