Good day to you all.

Today, I am sharing my experience with cryptocurrency trading.

1. I am sharing my family's journey.

2. We started trading spot since 2017.

3. We mainly used Luno.

4. Currently, we mainly use Binance and Luno lightly.

5. Since then, we have tried stock trading as well.

6. Until now, we have not made life-changing gains or wealth.

7. Over the years, we made decent gains that would help us now and then.

8. In the Year 2023, we ventured into futures.

9. At first, we were using small amounts and making really good profit. We could make enough to pay monthly rent and food.

10. We tried different leverage sizes, from 20x to 50x.

11. Not long after, we started getting liquidated heavily, and it was very depressing.

12. Two instances, however, we managed to grow our portfolio from ZAR 40000 to ZAR 175000.

13. We did not close our positions.

14. In short, on a certain Sunday, we got wiped out/liquidated.

15. Most liquidations happen on Sunday.

16. We are still trading, but now only on 4x, and not utilizing the whole trading account.

17. At every instance, there shouldn't be any estimated liquidation price, or at worst, it must be about 150% away from the entrance price.

18. We still believe that we will make life-changing wealth trading cryptocurrencies.

19. We are hopeful about the future of the finance revolution through crypto, and thus we are mainly long on our trades.

20. Closing remarks: Maximum 4x, don't utilize all your account potential, and choose good projects.

21. God bless you.