$BTC Today I'm writing this short piece based on lessons learned from my own mistakes, hoping it helps someone avoid getting wrecked or at least losing sleep over it.
Whether you're trading at x150 leverage or just x2, it seems like x150 is riskier than x2. But in reality, it’s pretty much the same if you manage your volume according to your account's capacity.
And accept that you'll make mistakes or learn how to lose before you learn how to win (this philosophy actually dates back over 2000 years from Zhuge Liang). Train yourself to lose, okay?
Losing under control, losing with calculated risks is way better than winning by sheer luck.
For example, if you're a racer, you'll always know how to fall to minimize injury.
On a racetrack, you should identify your starting line and finish line. It's the same in the market.
And the most important thing is you must always preserve your core capital. Only trade daily with extremely small volume, just enough to keep your account alive, like a guerrilla messing with the market. No matter how much you lose, remember that even if you have just $10 left, it can sometimes help you make a comeback.
And never doubt yourself; don’t fall for what those guys online say and end up in groups that pump your account.
Wishing you all lots of profit!
Whether you're trading at x150 leverage or just x2, it seems like x150 is riskier than x2. But in reality, it’s pretty much the same if you manage your volume according to your account's capacity.
And accept that you'll make mistakes or learn how to lose before you learn how to win (this philosophy actually dates back over 2000 years from Zhuge Liang). Train yourself to lose, okay?
Losing under control, losing with calculated risks is way better than winning by sheer luck.
For example, if you're a racer, you'll always know how to fall to minimize injury.
On a racetrack, you should identify your starting line and finish line. It's the same in the market.
And the most important thing is you must always preserve your core capital. Only trade daily with extremely small volume, just enough to keep your account alive, like a guerrilla messing with the market. No matter how much you lose, remember that even if you have just $10 left, it can sometimes help you make a comeback.
And never doubt yourself; don’t fall for what those guys online say and end up in groups that pump your account.
Wishing you all lots of profit!