Bitcoin Forum
May 02, 2024, 01:42:06 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Twin trading isn't for beginners  (Read 48 times)
dbc23 (OP)
Sr. Member
****
Offline Offline

Activity: 1036
Merit: 311


View Profile
July 27, 2021, 05:48:32 PM
 #1

It's not adviceable to twin trade as a biginner because chances are that you might likely blow up your account especially for traders with less capital. A newbie in trading who has a deposit of $100 worth of BTC and decides to trade with lot size of 0.03 meaning he is buying or selling his with leveraged funds at a very high risk and might end up loosing his capital.

It's always beautiful to stick to a single trade until one gets mastery then twin trading could be adopted if need be for such but for a start it's always better to stick to a single trade. Gain Master over the market grow your account to a better capital so you don't bother much about twin trading.

Growing your account would definitely give you a better startup capital with lesser stress since you new account would be able to withstand any level of market retracements
"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
Ararbermas
Sr. Member
****
Offline Offline

Activity: 1988
Merit: 283


View Profile
July 28, 2021, 05:49:39 PM
 #2

i guess its impossible to happen wherein there are some beginners that will attempt to twin trade especially if it's their first time. Because its like they're committing suicide..lol
And to be honest i cant imagine that there are some noobs that will try such twin trade. Perhaps if it's possible to happen but maybe it's because of their greediness and for sure they will not become successful on that way because a good trader can control their emotions and have disciplined .
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!