Many traders may have experienced the sting of liquidation during a market pullback, a natural part of every market cycle. You might now be watching Bitcoin or your favorite altcoins climbing well above your initial entry price, regretting the use of high leverage. It's a tough lesson to learn, but every loss offers an opportunity to grow and refine your strategy.
I always advise against using high leverage. If your trading balance is sufficient, focus on spot trading instead. While the gains may come slower, the approach is significantly less stressful and carries fewer risks, especially during volatile market conditions. Spot trading allows you to stay in the game without the fear of sudden liquidation from sharp pullbacks, which are common in bull markets and can erase high-leverage positions in a matter of minutes.
Remember, the key to success in trading lies in 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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