I think that we need to be extremely careful not to mislead a man with some personal believe and some advises because scalping and x100 leverage? I am not sure they will go hand in hand, because leveraging that high is a risky venture and if you say it should be done through scalping.
Leveraging is very risking strategy on its own, and you have to be careful with the way you apply it, no matter the level of strategy you personally develop yourself, it would be difficult to apply it with leveraging not to talk of leveraging that high at 100x, if you were trading occasionally, I would not even advise that you leverage up to 10x, but anyway, it’s your call, you know how to do it well, that is just my own opinion, maybe I am not that good anyway.
I agree, leveraging is only for those that are experts and have decades of experience in the markets, to be honest I do not understand why people use leverage in the market of cryptocurrencies, I understand that some traders do this in markets with very little movement to boost their profits but the volatility of the market of cryptocurrencies is high enough as it is, and in the books I have read about the subject anything above 10x is considered to be simply too high with most traders only using 2x or 3x in leverage and yet I see people considering using 100x in leverage, with that level of leverage even the smallest movement will destroy your account in seconds and I do not think anyone wants that.
Leveraging indeed increases your risks, but in fact if you cant trade with leveraging you cant really trade at all. It is the same principles same everything , just higher risks. The problem is that many people who are trading crypto think that they can be called traders just because they are using an exchange and can tell head and shoulder from cup and handle. And its a dangerous illusion.
As for leverage, you've been reading some wrong books. I havent seen a single serious book that said that leverage is bad. You just have to be more careful. As for the size, x500 is a relatively common leverage for forex markets, where volatility is quite low.
It's not about the size of the leverage that you are using its all about volatility of the market and the skill of the trader.
I think that we need to be extremely careful not to mislead a man with some personal believe and some advises because scalping and x100 leverage? I am not sure they will go hand in hand, because leveraging that high is a risky venture and if you say it should be done through scalping.
Leveraging is very risking strategy on its own, and you have to be careful with the way you apply it, no matter the level of strategy you personally develop yourself, it would be difficult to apply it with leveraging not to talk of leveraging that high at 100x, if you were trading occasionally, I would not even advise that you leverage up to 10x, but anyway, it’s your call, you know how to do it well, that is just my own opinion, maybe I am not that good anyway.
as you can see that is why i am advising long term trading with pyramiding.
But one thing for sure- trading itself is risky. And without the right skills it will cause huge losses regardless of the leverage that you are using. The only question is how quickly it is going to happen
