Crypto Futures Trading Loss Highlights Risks of High-Leverage Strategies

I followed the CoinW Premium Strategies, specifically the ETHUSDT perpetual futures with a high leverage of 40X. Unfortunately, the strategy resulted in a total profit and loss (PnL) of -48.6652 USDT, indicating a loss rather than profit. The win rate was quite low at 26.67%, and the profit-to-loss ratio was 12:20, which isn't favorable. The strategy employed a martingale approach in futures trading, which can be highly risky, especially with such leverage and a long position. Given these outcomes, I would advise caution when engaging in high-leverage futures trading using martingale strategies. The low win rate and high risk of significant losses suggest that this particular approach is not suitable for consistent profits. It’s crucial to manage risk carefully and consider strategies with more balanced risk-reward profiles. In this case, it’s evident that continuing with this strategy could lead to further losses, especially considering the negative total PnL and low success rate. I recommend reviewing and possibly adjusting the trading plan, focusing on safer, more reliable strategies that align with your risk tolerance and investment goals. Diversification and stricter risk management should be prioritized to avoid substantial losses in volatile crypto futures markets.