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Author Topic: How to stop taking high risks?  (Read 499 times)
farlack (OP)
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September 18, 2019, 11:15:57 PM
 #1

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?
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September 18, 2019, 11:50:30 PM
 #2

I think you trade well, no big deal.
it only requires emotional control so that it doesn't look fomo and it makes you lose your trading strategy.

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September 19, 2019, 01:51:29 AM
 #3

Self/Emotion control.

I think you should stop for a moment, think, and ask yourself, is it worth it? Try to weigh in both profits and losses. Don't let your emotions control your decisions, when you gain don't get too excited, when you lose don't be so eager to recover the losses. Calm down yourself first before taking action.

Don't stay too long in front of your computer, you'll be tempted to trade more.
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September 19, 2019, 02:45:22 AM
 #4

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?

I think you should stay away from leverage trading for a while and trying to learn to trade for more so you can know how to analyze the market. It is not recommended to seek for high profit if you are difficult to analyze because that will lead you to get another loss. It is better to get a stable profit, like about 1%. So you can repeat to get the profit in over and over.

There is nothing you can do to stop the leverage trading exchange except leaving the exchange as I said before. Don't think that with leverage trading will give you a big profit every day. But when you still insist on staying at the leverage trading, then I suggest you stop trading when you can get 10x of the profit and don't continue to trade.

You need to have a control for yourself, so you can stop and leave the exchange after you can get a big profit so you can stay calm and relax for a while. But that will depend on how strong you can control yourself.
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September 19, 2019, 03:33:39 AM
 #5

But I realise that trading with high leverage is a disaster. How to stop doing that?
Withdraw your funds in that margin exchange and deposit it to some exchange that has no leverage, because once you can't control your emotion, you will still put leverage even you said never again. But if you can control it, good for you.

Always put stop loss then, risk management. If you are not sure on your entry or you are late on entry, maybe you can minimize your leverage based on your risk:reward ratio.

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September 19, 2019, 04:00:46 AM
 #6

Acceptance can cost a lot of money, which is very difficult for many people, so they usually do not set stoploss, but that can help to avoid losing a bigger amount. The most risky thing is when you don't have stoploss. I think you should use lower leverage and set stoploss.

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September 19, 2019, 05:40:30 AM
 #7

What I am doing is I always enter small leverage like 4-10%, for not easily liquidated entry. But if you want to feel profits or gain high profits, enter big amount with less % of liquidity. Also, even if you put a higher percent of liquidity, set stop loss in every trade to at least lessen and to at least easily compensate the loss if ever.
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September 19, 2019, 06:48:06 AM
 #8

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?

That positive energy of yours came from big winnings is turning your mindset that you must continue. In other words, why should you stop if it's successful? Then later on.... will lose at the end. You are doing good, it's just that you need to control.

How to stop that. You know that already but just can't execute it.

You are not new to this leverage thing. I know you can deal on your concern even without suggestions.

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September 19, 2019, 07:14:20 AM
 #9

why do you trade with leverage anyways? i personally dislike it a lot.
if you also are starting to feel the same way and can't stop the high risks you are talking then maybe it is time to move to another exchange and/or trade without leverage. that is what i have been doing. it just makes more sense to me to trade the good old fashion way.
and remember that putting a lot of mental pressure on yourself because of risks,... is not really worth the money that you may earn out of it.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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September 19, 2019, 07:15:59 AM
 #10

It's pretty simple. Stop trading with leverage. Regardless how good your risk control is, leverage trading is still risky. Probably trade via spot exchanges instead, and simply lower your bankroll allocations to your trades. But in the end, it all comes down to self control, regardless what you trade and what type of trading you do.

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September 19, 2019, 07:42:27 AM
Last edit: September 19, 2019, 10:31:47 AM by Flor1982
 #11

The greater the investments is the greater the risks that you need to face therefore risk is already part of every investment. We could not stop the risk but we could reduce it by simply improving our skills in trading like knowing the projects well and their legit owners by doing these the chances of having risk is reduced.
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September 19, 2019, 08:16:28 AM
 #12

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?

Try to evaluate your method, you said that sometimes you gain a lot so that method could be a working method as well.
Know your overall performance, if you are in profit then the strategy is good, it's just necessary that you will learn the right fund management which requires discipline to be able to do it effectively.

it's normal that we experience loses in trading, but it's necessary to adjust and you try to improve your trading strategies.
High profit target is also a high risk, so there's a lesser chance if we will convert that to chances.

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September 19, 2019, 08:16:45 AM
 #13

To reduce risky situation you must take it as full time in order to protect your portfolio and to get as well the right timing to dump and etc because that is the common reason why sometimes we suffer on any risky situation ,wherein because of being negligent in our duty. So must adjust and monitor always the graph to reduce it because that's the only solution .   
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September 19, 2019, 08:35:31 AM
 #14

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?
I was addicted to margin trading for a while because it was very profitable for me every time I won, but every time I lost it took back a lot of my hard working days.
I think you should turn to long-term investment in good technology alts like EOS, XLM, ETH to get good profits every year.

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September 19, 2019, 08:41:45 AM
 #15

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?

I think you are one of the good traders in crypto trading sir. But to stop taking high risks is unavoidable I think,
We all know that no matter how good or expert we are in trading, still in the end losses will come to us. That's the reality
happens that we need to accept as a trader. And besides you mentioned that " Sometimes you gain a lot " which means
you still faced losses, but I think its easy for you to recover it.
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September 19, 2019, 08:49:22 AM
 #16

To be honest, I don't know.

It is hard since it is like you're getting addicted to it by time.

Taking risks is part of being an investor but there are a lot of times that we are going overboard and a lot of times that we are making a mistake and lose our capital. Since we are dealing with cryptocurrencies, it is hard to stop taking high risks since we are used to high-risk high reward results. Maybe limiting deposits can help but that doesn't help me.
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September 19, 2019, 09:20:11 AM
 #17

If the result of all your trading are profitable, then it's not a problem to continue because it means you already understand how it work, because if you choose to trade with a different system  maybe later you will experience boredom.

Or you can reduce your risky with withdrawal the profit you got that day and only trade with your first capital.

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September 19, 2019, 10:13:27 AM
 #18

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?
Since that accident repeats, I guess you trade with money that you can afford to lose. The problem is that you are looking for high rewards, that's why you take high risks and that's why your risks will almost always be high. Seems during this high risks, your chance of win is very low and that's why you win rare.
There is no direct way to stop, you have to change your habits, try to adapt on new habits from current one, be emotionally strong, it's not necessary to trade often, just trade when there is time, try to catch good moments. Failed? It's a new opportunity to learn, just see, you understood that your plan is bad and that happened because you failed, every fail is just a step in a way of success.

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September 19, 2019, 10:15:11 AM
 #19

why do you trade with leverage anyways? i personally dislike it a lot.
if you also are starting to feel the same way and can't stop the high risks you are talking then maybe it is time to move to another exchange and/or trade without leverage. that is what i have been doing. it just makes more sense to me to trade the good old fashion way.
and remember that putting a lot of mental pressure on yourself because of risks,... is not really worth the money that you may earn out of it.
You took the words right out of my mouth .. the high risk will always in there along with those leverage stuff feature and the only way to stop that kind behavior is indeed by leaving that exchange with leverage.

If you feel you can't afford anymore which I believe that OP does can't afford but force himself due the desire to get back what he has lost, this is pretty obvious a bad way to die young  Grin .

Come on think with a cool head , you are not fit with the leverage trading system op. Wake up.

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davis196
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September 19, 2019, 11:25:47 AM
 #20

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?

This isn't trading.It's a gambling addiction.Just stop trading and seek for help.
The so called "positive energy" is just dopamine that your brain is producing in high amounts,when you are winning.You get addicted in that process.I simply don't understand people,who use margin trading.
Margin trading is kinda designed to make you lose. Undecided

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September 19, 2019, 12:29:26 PM
 #21

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?
Stay away from it and don't let greed guide you. You know, there have been too many people running out of accounts because playing margin without knowledge.
The fact is that whales are always waiting for newcomers to join and place greedy orders, after which they will manipulate the price and set your account on fire.
Do not play with the whales, it will eat you very fast.

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September 19, 2019, 12:54:26 PM
 #22

Who doesnt?
We all seek for that large profit for an early retirement and to enjoy life just resting and then spending time with the family.
The words said it all. It is a high risk. Why still do it if you can make choices better than that?
If somehow you could make profitt without going way far then do it.
Learn to control your greed and then maybe you can save itt until you are pleased.
Maybe think of it as far way as being a gambling game.
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September 19, 2019, 03:05:11 PM
 #23

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?
The main reason why you started is simply because you want a return but that does not mean that you are not going to lose, It's you who control the buy and sell of your assets. What you are doing is normal lose - gain , gain - lose that is basically the event here. What I can tip you is never take a risk that will cause you to be broke, every risk should be estimated.

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September 19, 2019, 07:13:50 PM
 #24

I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.
There are many reasons people look for high risks and struck gold, not all of them include just sitting at home relaxing all day, that would make most of us bored out of our minds. Don't get me wrong I have job that many people would envy but I still want something else.

I do not really want financial freedom so I can retire early, that is a good idea and I wouldn't mind it compared to what I am doing right now but that is not the goal for me at all. I am looking for financial freedom so I can do whatever I want, which is work once again but at least work something that I enjoy doing, I have planned all my future if I had enough money but right now since I can't even afford getting sick for a hospital bill, obviously I can't do what I enjoy instead of doing something that gets me paid.

I realise that trading with high leverage is a disaster. How to stop doing that?
Have you ever heard about "calculated risk"? It is like, first you must decide your profit/target levels and from that you must work on your capital along with leverage multiplier. Without proper plan, anything may get collapsed. Trading with high leverage must need a proper plan and disciplined trading, else disaster will be the only result.

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September 19, 2019, 11:29:44 PM
 #25

Since that accident repeats, I guess you trade with money that you can afford to lose. The problem is that you are looking for high rewards, that's why you take high risks and that's why your risks will almost always be high. Seems during this high risks, your chance of win is very low and that's why you win rare.
There is no direct way to stop, you have to change your habits, try to adapt on new habits from current one, be emotionally strong, it's not necessary to trade often, just trade when there is time, try to catch good moments. Failed? It's a new opportunity to learn, just see, you understood that your plan is bad and that happened because you failed, every fail is just a step in a way of success.
Point is that I became tolerate to losing funds and high risks. So now I can afford to lose even too big amount and other people money

Yesterday I lost my client deposit... It was like a trial period to test my strategy , I managed 0.1 btc of his deposit, I started with money management, small leverage, made like 10% of profit in first 2 days and then I switched to big leverage, shifting stop losses once price is getting closer,  emotional trading and lost everything!
This is because of the market volatility and remembers that you never controlled the market. This is what I think you've missed up, Technical analysis. You must have to change your strategy, I don't know if you are closely observing the market movement or just putting your trades without any trading tools that might help you. Cause if you don't, you are just simply putting your self at high(very) risk and pretty ended up losing.
You already have that struggles and I hope you learn something from that and tried to listen of what the other says.

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September 19, 2019, 11:42:34 PM
 #26

Who doesnt?
We all seek for that large profit for an early retirement and to enjoy life just resting and then spending time with the family.
The words said it all. It is a high risk. Why still do it if you can make choices better than that?
If somehow you could make profitt without going way far then do it.
Learn to control your greed and then maybe you can save itt until you are pleased.
Maybe think of it as far way as being a gambling game.

High risk investment have tremendous impact, either you will gain or lose in this game. Only 2 directions you are heading from this. But the outcome will tell you where your life is going to. You can always stop taking high risk investments because you can decide whenever you want to because it is your money. Choose a coin that is more stable in the market, that you have idea where they are after couple of days or so in trading.
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September 19, 2019, 11:44:49 PM
 #27

I think you trade well, no big deal.
it only requires emotional control so that it doesn't look fomo and it makes you lose your trading strategy.


Yeah your right as trader need to fight emotions to control self, because in trasing they cannot avoid risk is part of these industry before to get earn profits.


This isn't trading.It's a gambling addiction.Just stop trading and seek for help.
The so called "positive energy" is just dopamine that your brain is producing in high amounts,when you are winning.You get addicted in that process.I simply don't understand people,who use margin trading.
Margin trading is kinda designed to make you lose. Undecided
[/quote]


Yeah you had a point, if you are greedy and always want to get high profits or example want to get a 100% of profits is the called gambling because 100% profits are very impposible in trading they gamble their money because of greedy.
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September 19, 2019, 11:55:08 PM
 #28

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?
Trading is risky and you can also lessen that risk if you train yourself how to become a good trader. There is something wrong with you for sure that you need to figure it out, and start improving it. You can't lessen the risk on trading because its normal in the market. Try to trade with a lot of strategies and do it continuously. I also lose on trading but I tried to minimize it by making a lot of research before i  trade.

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September 20, 2019, 12:01:43 AM
 #29

trading using leverage is not much different from gambling, the more likely the loss is, the greater the winnings obtained, it is gambling law.
my advice is that you should leave trading using laverage, and always remember that losing is not profit.

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September 20, 2019, 01:57:33 AM
 #30

Once we engage in crypto trading, we are actually taking the high risk at the same time. If we are afraid to lose something, I may say this is not the right place for us. It has to understand that risk will correspond losses as well as profits. The only problem is that we always wanted to earned and not to accept losses. It is not about the strategy we used but it all about how we manage our self and think of all the possibilities in trading.

There is no wrong if we used leverage trading, just only be sure that we know how to use this and accept the consequences may it happen later.
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September 20, 2019, 02:17:11 AM
 #31

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?
Shift to a trading platform which doesn't offer leverage feature. It's not an easy step since you'll find it boring at first since things doesn't work intensely as you're doing before. It's like you're stepping down from the place you've been already taken. On the other hand, nothing is wrong in changing your strategy since every traders has different flaws with regards to their game plan.
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September 20, 2019, 02:35:14 AM
 #32

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?
There is nothing wrong with Leverage in trading and no matter which trading strategy you are using, using high leverage is not the main thing that can be done. The important is that you play safe by being able to manage money and manage risk.

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September 20, 2019, 05:26:22 AM
 #33

Do you trade leverage regularly? How is your overall trades so far,... Little profits, Huge losses. Little losses, Huge profits or something in between? These are things you should consider before you continue trading on leverage.
Leverage trading is too risky. I guess you could also try youtube for helpful video on avoiding too much risk associated with leverage trading
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September 20, 2019, 09:48:05 AM
 #34

Hi risk yield high profit sometimes, but it have to be well calculated for you not to lose your capital. As already testified by you, there was much profit when you invested hugely. Learn more about trading, and set your margin considering all abnormally
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September 20, 2019, 04:18:03 PM
 #35

This is more like gambling than trading if you ask me. Dude is literally gambling his money away on leverage and loses his money and tries again and time to time he makes a bit so he gains confidence but thrn keeps on losing. Tell me that doesn't sound like gambling to you, to me it does sound like gambling.

Aside from that I feel like the trade itself is really not a big deal, its just a very disturbing reality that this guy doesn't know how to trade since he lost money multiple times and should stay away from trading for a while. If you are having trouble getting away from trading all together, just trade with less and less leverages first, then trade no leverage at all, then just pen an paper trading (which is not trading but more like prediction game) at the end you will stop doing it.

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September 20, 2019, 04:57:55 PM
 #36

Point is that I became tolerate to losing funds and high risks. So now I can afford to lose even too big amount and other people money

Yesterday I lost my client deposit... It was like a trial period to test my strategy , I managed 0.1 btc of his deposit, I started with money management, small leverage, made like 10% of profit in first 2 days and then I switched to big leverage, shifting stop losses once price is getting closer,  emotional trading and lost everything!
This is because of the market volatility and remembers that you never controlled the market. This is what I think you've missed up, Technical analysis. You must have to change your strategy, I don't know if you are closely observing the market movement or just putting your trades without any trading tools that might help you. Cause if you don't, you are just simply putting your self at high(very) risk and pretty ended up losing.
You already have that struggles and I hope you learn something from that and tried to listen of what the other says.


Well, it's true that @OP trades with money that can afford to lose so @OP puts trades without any trading tools. This is normal for some people who have quite a lot of money, they like to play in trading. I think @OP must feel that money is limited to trading, so @OP is more careful in trading and analyzing carefully before trading.

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September 20, 2019, 07:55:36 PM
 #37

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?
Better to play gambling if you do treat leverage trading like that way. We know on how risky leverage trading is but we shouldn't come to a point that we are
doing it randomly or without any basis and being hyped up with fast returns.We can make money but it do corresponds on how we do make some good analysis.
You are just being dragged off with emotion boost up but on the way you are doing or acting seems like no different with a typical casino gambler.

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September 20, 2019, 08:07:36 PM
 #38

But I realise that trading with high leverage is a disaster. How to stop doing that?
If you really understand your situation then what is stopping you from changing that habit of trading with high leverage  Roll Eyes. No matter how much advice you get from online random people you should take a break from taking high risk trades and have some fun for some time and have a rather cool mind set and if you still cannot change that make sure you consult a Psychologists .
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September 21, 2019, 03:02:05 AM
 #39

Guys, I really appreciate your support and I couldn't even imagine to see plenty of answers on my topic.
Thank you so much, I will try to cope with my emotions and start more conservative trading

You will have so many recommended idea to solve the problem that you face so you can learn one by one from what other members suggest. But you should learn how to control your emotion because that will be an important thing that you should in trading. You will find that doing trading will need a big effort and it's not easy because you need to spend your time to analyze one by one of the coins available at the market. And if you can find the potential coins in the market, and you already buy at a low price, then you will be able to make a profit in the future. Don't forget to know how much money you will use to trade and identify when the best time to leave the market.
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September 22, 2019, 08:19:50 AM
 #40

Risk gives us strong emotions as a result of which we cannot stop taking risks. Many people know this feeling when you see the opportunity to get high profits and take risks. But it is precisely a successful transaction and an increase in the deposit that push us to take risks again, but this is part of our life, so I do not see anything wrong with that. But if your risk brings only losses, then you need to refuse it, because the risk should be profitable.

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September 22, 2019, 01:59:49 PM
 #41

Did you have comfortable when doing that? And is it work for you to gain much money rather then you use another strategy?

I believe someone must have his own strategy and it is okay if the strategy is different with other people as long as you have comfortable and gain a lot of money as well. It is common thing happened that the issue of high gain and high risk and low gain and low risk and it is back to yourself again.

If you seek that your way is really profitable then another strategy it is not wrong to use it as your main strategy, and remember you have to avoid the greedy thing it will make you slumped down at the end. But if you find another strategy and you are convince that the strategy is more safe then you have to change it as much as possible before you late.
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September 22, 2019, 08:38:18 PM
 #42

Are you really asking us how to stop leverage trading? The simplest answer is to just do it. Like an addict that stops smoking or drinking you just do it! Cheesy

If you really want to keep trading go to a 2x leverage or 3x if you must. Most pro traders do not recommend high leverages at all. It's too easy to get liquidated and lose everything.
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September 22, 2019, 09:07:40 PM
 #43

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?
You actually have a simple problem.If you do find out that 25-100x is high risk and you are losing deposit then why not simply stop on what you are doing?
Stick out with your comfort zone since you do mentioned that 10x do suits you best and gain you a lot.Dont go overboard for too fast but well
being a gambler do comes out in times like this when we do really look after for big profits.

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September 23, 2019, 02:50:35 PM
 #44

Risk taking isn't bad but what is bad is allowing it to get to your head always to the extent you don't know a limit. This is where the issue is, master the things you do that gives you profit and stay with it. If you go out of that, that could make you lose.
Practically speaking, everything must have to set into some limitations and we have to know that before we've gone so far.
I know it is not really hard to find but we are totally lingered into mentally ill when we are talking about money and how to make it more.
The reason why people tried to pick this risky thing is that because they'll want to make money but somehow they'll never how this thing works on.
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September 23, 2019, 03:40:41 PM
 #45

Stop being greedy.
That's it.
You've already risked a lot by doing x10 and then x25. I think that should be enough to stop.
Go look for another trade by looking for another crypto currency.
There is a lot out there and a short monitoring could make you some conclusion and then maybe trade it afterwards.

Just my own humble opinion. I dont go far on staying with one crypto when I trade short term.
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September 23, 2019, 05:37:24 PM
 #46

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?
How to stop doing that is just for you to stop being greedy, because i can see that it is typical greed that is just making you to leverage high, someone who is not greedy will never leverage high and would just trade normally and if we are going to leverage, the highest that we should leverage is 2x.

Leveraging is a very risky trade and it is not all about being an expert in trade, you can be an expert, but it will only be shown when you are trading without leveraging, so if you really want to minimize the risk and losses, make sure that you reduce your leverage, at least the experience you have had with high leverage will help you to scale through low leveraging and you will find yourself actually doing much better with low leverage.

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September 23, 2019, 05:48:17 PM
 #47

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?

You already know the outcome of high-risk trading and I see no other reasons on why you should continue given your experience.

High-risk trading may actually be considered as one of the methods of trading and I highly advise people to do such (given that they have the capital) but if you are on a streak of losing money with the same cycle repeating, then everything points to the sign that you should explore other options available. Trading and earning money is not about who quickly gets everything in the shortest amount of time (although preferably), it's about doing everything strategic.


R


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September 23, 2019, 06:15:14 PM
 #48

Well Op, do you believed on saying that if you are a risk in taker, you are near to be a successful trader?
But first, you need to have a self-limitation that not exceed to the point of being greedy. Taking high risk is very complicated things you need to have a wise decision on this. Indeed, to stop of taking the high risk just quit in trading if you would, obviously you can stop.









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September 23, 2019, 07:21:15 PM
 #49

The game of trading is all about taking risk and if you are going for huge payouts like in OPs case payouts of 50x 100x

then be reluctant  to pick out small profits and see how much will be accumulated in the long run, if not have a stop loss that won't eat up your capital.

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September 23, 2019, 11:45:06 PM
 #50

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?
Mind setting. I use to trade like that, look for high gains but I end up like what you said disaster. So what I did, as soon as the buy order is completed, I place a sell order at 2% profit and move on to my other trades with the same target only. I find this much easier and trade will take a shorter period of time than aiming for higher profits but ending up in loses.
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September 24, 2019, 12:54:10 AM
 #51

some people do like challenges and high risks, and I think you are one of those people,
do not doubt if that is your nature, do as you and your heart like,
but always remember not to use emotions when playing, it will only damage you.
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September 24, 2019, 01:19:52 AM
 #52

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?
Mind setting. I use to trade like that, look for high gains but I end up like what you said disaster. So what I did, as soon as the buy order is completed, I place a sell order at 2% profit and move on to my other trades with the same target only. I find this much easier and trade will take a shorter period of time than aiming for higher profits but ending up in loses.
But the common instinct of some traders is to risk huge amount and earn also big. It is really a big disaster once it fails.
The limitation might place an important role in trading, it is a part of our self-control. Not do need to think positive all the time cause even how to do it right we eventually sometimes suffer losses. Having 2% profit every day in trading is really satisfying...

R


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September 24, 2019, 09:42:53 AM
 #53

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?
For me, you should try first to trade a lower amount than you usually trade. I'm sure that you know that in trading/ investing just spend that money that you afford to lose. But if you are saying that you always seek for a high profit and end up losing the money you are risking a huge amount of money that you can't afford. Also, try to relax and calm your self, I know that in trading the minute counts but try to analyze it thoroughly and stop trading in leverage.   Smiley
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September 24, 2019, 12:23:22 PM
 #54

The only way for you to stop taking high risks is to invest or deposit an amount that you can afford to lose. Although it’s a gamble that you may have the chance to win big, but expect that you will lose big as well.

In my own mentality of trading Bitcoin and other altcoins, I always say to myself that I should expect more in losing than winning. As I’ve changed my mindset to this one, I am less affected when I had losing events. Plus, I never invest or trade big amounts.

I usually diversify my own digital assets, not just sticking to one or a few only.

P.S. Another way to stop taking high risks is to not engage in trading anymore. In that way, no risk involved.

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September 24, 2019, 12:50:00 PM
 #55

I don't know how you can lose the deposit you meant, which means you lose 100% of the deposit you made. You are trading and not gambling, because in trading at least you still get back the money you have spent in trading, or maybe you buy shitcoin which indeed it will have a high risk such as losing all deposits because there is no more demand. So if that's the case then it would be better for you to only make buying on the top coins just to reduce risk, because at least you will always have a risk in trading.

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