Many traders may have experienced the pain of liquidation during a market pullback, which is a natural part of every market cycle. You may be currently watching Bitcoin or your favorite altcoins rise significantly above your initial entry price, regretting the use of high leverage. This is a tough lesson, but every loss provides an opportunity for growth and refinement of your strategy.
I always advise against using high leverage. If your trading balance is sufficient, focus on spot trading. Although profits may come more slowly, this approach is significantly less stressful and carries less risk, especially during volatile market conditions. Spot trading allows you to stay in the game without fear of sudden liquidation due to sharp pullbacks, which are common in bull markets and can wipe out high-leverage positions in a matter of minutes.
Remember that the key to success in trading is patience and consistency, not chasing quick riches. Trust the process, avoid unnecessary risks, and embrace steady, sustainable growth over time. By doing so, you can protect your capital and navigate the market with confidence.
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