đ¨ Don't be Greedy đ§
#BTCă #ENA #AEVO_USDT #MDTSCAMTOKEN #WOOustd
â don't fall into this trap đ
đ When I first started trading crypto, I got really excited and used a lot of leverage, like 20x or 25x. But it didn't go well. Most of my trades ended up losing money because of liquidation, where I lost everything I put in. It was a tough lesson to learn.
đ Using too much leverage is like playing a risky game. It might promise big wins, but it also means you could lose a lot, and fast.
đĄ Instead of going all-in, it's smarter to be careful and manage risks. Setting stop-loss orders is important. Don't just think about it; make sure it's set up in your trading system. That way, you can limit your losses if things go south.
đ If you still want to use leverage, keep it low, like below 10x. Lower leverage means less risk of losing everything in a trade, and it's a safer way to trade.
đ For long-term plans, using even less leverage, like 2x, in futures trading can be a good idea. It's less risky and more stable in the long run.
đ° Remember, you don't always need to use leverage to make money. Spot trading, where you buy and hold assets without using leverage, can also be profitable. It's safer because you don't have to worry about losing everything if the market goes crazy.
â To do well in trading, you need to be patient, disciplined, and careful about managing risks.
#BullorBear #HotTrends #TrendingTopic #futuretrader #Write2Erarn
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
Share with friends now
Most Relevant
TheLastPie
important lessons, very rightly highlighted for newbies!
