How to make your 20-50$ into 1000$
most people talk about here never traded with such a low amount so they don't know. its a constant pressure cz no backup money.
ive got liqudated more than 10 times with low balance so i know how it feels.
tips to grow a small account.
1) never take 2-3-4 trades at a time no matter how good u think they r. take ur time and choose the best one.
2) keep ur liquidation price absurdly low so u can sleep properly at night.
3) u can take bigger leverage on $BTC $ETH like 20-25-30x. ur min liquidation distance should be 1000-1500 for eth and 3-5000 for btc.
4) Do not take more than 8-10x on alt coins.
5) fix an amount when to close the trade. greed made me lose a lot of the times.
for example if u have 20$ and u took an eth trade with 6$ and 25x leverage. as soon as u see 5-6$ profit... close it. dont wait for 10$. i can tell u if u trade with 20$ and maintain a good liqudation distance u wont see more than 5-8$ even if the trade was very good so, close before that 8$ becomes 0.80 😆
6) chart reading is key. dont follow someone else's charts blindly. sooner or later u will have to learn it so why not now?