Don't be Greedy
don't fall into trap đ
đ When I started trading crypto, I was really excited and used a leverage like 20x 25x.... But it didn't go in my favour...Most of my trades ended up losing money because of liquidation, where I lost everything ... It was a tough lesson to learn...
đ Using too much leverage is like playing a risky game.. means you could lose a lot & fast.
đĄ Instead of going all-in, it's smarter to be careful and manage risks... Setting stop-loss orders is important. ( Stop loss is your friend) Don't just think about it... make sure it's set up in your trading system...this way, you can limit your losses if things go opposite...
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° 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 your assets if market goes against you
â To do well in trading, you need to be patient, disciplined, and careful about managing risks.
