leverage trading method and psychology

[AicecreaME]

The issue I have is not so much bad calls but getting scared
I will go in with 10-20x leverage and see my money drop like a stone be down 20% and exit only to see it climb back up and hit the TP or climb higher
This has happened three times now.

If you don't do your technical analysis, of course this would happen to you, getting scared all of the time when your PNL became red. The right indicators and technical analysis is the solution to your problem, trust as well in your knowledge. Plus, you should also put stop loss in the price where your technical analysis told you, always follow that and you'll be able to grab the profits you always wanted.

[Mpamaegbu]

This went well 1st week and was up 30% but then went down hill fast

At that level you should've set your SL at entry price. 30% steal from the market isn't a small achievement. You ought to have protected it than continue on free mode.

The issue I have is not so much bad calls but getting scared

This is every trader's experience. However, to succeed as a profitable trader one has to break out from such fright. Trading isn't wrestling or boxing that one gets blood out. It's a profession and you ought to see it that way. If trading makes you scared it means you're overstretching your capital. Relax and reduce your leverage or lot size and trade and you will definitely see the difference in your psychology.

Is there a way to make this work or do others mainly trade with leverage how do you handle stop loss and take profit

I just answered that question above 👆

One issue I have other than getting scared is to do with time restraints I am trying to find a trade quickly and not giving it enough time also aping in and usual sh*t

Show me an impatient trader and I will show you one who won't be profitable. Even as short as scalping looks, those who scalp the market still have a high level of patience. They could wait hours just to take a 5-minute trade.

I am trying to come up with a strategy that works as close to 100% as possible and have found one on BTC/USDT with an average of 95% success rate. Other pairs are also high 80s to mid 90s

Even if you've a perfect strategy of 100% winning rate but you aren't patient, it will still not be profitable to you.

[goaldigger]

The issue I have is not so much bad calls but getting scared
I will go in with 10-20x leverage and see my money drop like a stone be down 20% and exit only to see it climb back up and hit the TP or climb higher
This has happened three times now.

If you don't do your technical analysis, of course this would happen to you, getting scared all of the time when your PNL became red. The right indicators and technical analysis is the solution to your problem, trust as well in your knowledge. Plus, you should also put stop loss in the price where your technical analysis told you, always follow that and you'll be able to grab the profits you always wanted.

Being greedy will put you in a worst place, this is why we should always have a trading plan so our emotion can’t take over our decisions. Technical analysis works, this is your guide on when to buy and sell and in leverage trading, this is very important because by using TA, it will give you a signal on your next move. Being too emotional is not good in trading on any ways, better to stay focus on your strategy and commit always.

[Mahanton]

The issue I have is not so much bad calls but getting scared
I will go in with 10-20x leverage and see my money drop like a stone be down 20% and exit only to see it climb back up and hit the TP or climb higher
This has happened three times now.

If you don't do your technical analysis, of course this would happen to you, getting scared all of the time when your PNL became red. The right indicators and technical analysis is the solution to your problem, trust as well in your knowledge. Plus, you should also put stop loss in the price where your technical analysis told you, always follow that and you'll be able to grab the profits you always wanted.

Being greedy will put you in a worst place, this is why we should always have a trading plan so our emotion can’t take over our decisions. Technical analysis works, this is your guide on when to buy and sell and in leverage trading, this is very important because by using TA, it will give you a signal on your next move. Being too emotional is not good in trading on any ways, better to stay focus on your strategy and commit always.

Technical analysis doesnt always work but doesnt mean that you should really make yourself do skip out on making use of these things considering that these are the mainly tools and indicators which you would be mainly needed whenever you do deal up with this market.You cant just predict and point out fingers on where the prices could eventually go because thats pure gambling in the first place.Leverage trading is something that it isnt recommendable specially to those who had just recently learned trading because of the volatility and engagement needed on short term duration then having those lack of skills and experience will surely be experiencing huge losses and this is where realization do comes in.

[bhooscream]

leverage trading method and psychology

Of course, there is a very close relationship between leverage and our psychology. We must have good attention and management related to our psychology during trading because this relates to our emotions and money. However, trading with leverage, without the knowledge to analyze, is more like gambling without a foundation. Moreover, leveraged trading actually has a much higher risk and consequence than ordinary trading on the Spot Market. Therefore, if we are new and do not understand properly regarding leverage trading, it is better not to do it first. Or instead, we will experience various losses and lose money.

[GreatArkansas]

(....)

Is there a way to make this work or do others mainly trade with leverage how do you handle stop loss and take profit

In risk management, you must stick with your plan. Try to wait or let your trade go alone as long as you already set up the take profit price and stop loss price. Some traders tend not to have patience and they always tend to f*cked up their trading plan at the beginning.

[Strongkored]

I am trying to come up with a strategy that works as close to 100% as possible and have found one on BTC/USDT with an average of 95% success rate. Other pairs are also high 80s to mid 90s
I have stopped trading for a bit and am doing more tests and paper trading

Is there a way to make this work or do others mainly trade with leverage how do you handle stop loss and take profit

If you've tried a strategy and it works well with a 95% success rate isn't that good? what you want 100% success i think its impossible. It's better to stick to your strategy that has been implemented and has been successful than to keep changing and trying to find another strategy that can waste time and money because it doesn't necessarily work as well as the previous one.

[TelolettOm]

The issue I have is not so much bad calls but getting scared
I will go in with 10-20x leverage and see my money drop like a stone be down 20% and exit only to see it climb back up and hit the TP or climb higher
This has happened three times now.

Seriously with this high leverage? I know that the profits may be very high, but this means also that the risks are also very high.
Actually, trading with leverage in the Future trading is a high risk. We cannot deny that not all people are able to work on it because this relates to certain complex things. It is not only about how much we can earn but also how much we can probably lost. There are some carts that must be abalyzed carefully, withs mart decsion when taking the position, taking good chcoie of LONG or SHORT in the right time. ANd using wise levergae that will fit to us, not force to get high profits.

[CPNpr]

Now Ayesha did who loves to invest but no one wants their money all people want to earn a lot of money with her money but for that she has to work but she is facing many problems by investing money without knowing properly and what is all her money  Goes away at the moment of loss

[Mpamaegbu]

~snipped~

This is too risky, leverage trading is only for those who understand trading and know how to use indicators.

For those who may not understand what leverage trading or Futures is, it's simply what we've in Forex trading or Binary Options where one gets to lose or make profit once a trade is triggered and running. It's not like our traditional spot trading where one gets to lose or make profit only when a trade has been successfully closed.

Having too much emotion every time you trade can make you more uncomfortable and can force you to make decisions out of nowhere.

I reckon that it's not easy to keep one's emotion in check, whether in trading or during altercations. However, it's necessary and highly an advisable thing to do while trading. Emotion is the real plan killer. It has messed so many traders and their plans up, and will continue to do so.

[_BlackStar]

I reckon that it's not easy to keep one's emotion in check, whether in trading or during altercations. However, it's necessary and highly an advisable thing to do while trading. Emotion is the real plan killer. It has messed so many traders and their plans up, and will continue to do so.

Of course, it is never easy to control emotions especially when the trader is never far away from his monitor. I tend to think of that reasoning as something that makes me prefer to invest and holding instead trading with any strategy. I think the risk of plan failure can be more assured for investing than for trading, but of course this thread is about trading so it might be a bit unkind to talk about a lot of things.

Trading with laverge is very risky ^{[I don't do it]} especially with the current conditions. I've never tried it so maybe I don't understand this strategy very well, but of course I can understand what the risks are. High Laverge for high risk, but also for high return.

[wxa7115]

I reckon that it's not easy to keep one's emotion in check, whether in trading or during altercations. However, it's necessary and highly an advisable thing to do while trading. Emotion is the real plan killer. It has messed so many traders and their plans up, and will continue to do so.

Of course, it is never easy to control emotions especially when the trader is never far away from his monitor. I tend to think of that reasoning as something that makes me prefer to invest and holding instead trading with any strategy. I think the risk of plan failure can be more assured for investing than for trading, but of course this thread is about trading so it might be a bit unkind to talk about a lot of things.

Trading with laverge is very risky ^{[I don't do it]} especially with the current conditions. I've never tried it so maybe I don't understand this strategy very well, but of course I can understand what the risks are. High Laverge for high risk, but also for high return.

There is not really a lot to understand when it comes to leverage, you are increasing your exposure to the markets by borrowing money hoping to earn more money, but at the same time you increase the risk you are facing and this increases the size of your losses.

At least to me leverage does not really make a lot of sense unless you are an expert trader, and even then the risk that such a trader is taking is massive, since we have seen in the past some of those expert traders going bankrupt just because they made one bad trade while using leverage.

[Mpamaegbu]

~snipped~

At least to me leverage does not really make a lot of sense unless you are an expert trader, and even then the risk that such a trader is taking is massive, since we have seen in the past some of those expert traders going bankrupt just because they made one bad trade while using leverage.

This is what separates the "boys traders" from the "men traders" No one should call themselves traders until they're able to meander through risks and survive it like swimming in sharks infested water. Trading is taking sensible risk, whether the conventional spot trading or futures. For me, as someone, who's perusing futures trading newly I've come to realize that it's just like Forex Trading. The risk everyone is complaining about has been there in FX a long time ago. I don't it will be anything new for those who've been in the forex market before trading cryptos. Nonetheless, we should take into cognizance the vital place of risk in trading. It has to be there to make trading exciting.

[BeeIforai]

OK I decided to try my hand again at leverage trading
The plan was to watch the market and when I see it making a move in one direction go in with high leverage for a small move with no stop loss
This went well 1st week and was up 30% but then went down hill fast

The issue I have is not so much bad calls but getting scared
I will go in with 10-20x leverage and see my money drop like a stone be down 20% and exit only to see it climb back up and hit the TP or climb higher
This has happened three times now.

One issue I have other than getting scared is to do with time restraints I am trying to find a trade quickly and not giving it enough time also aping in and usual sh*t
I am trying to come up with a strategy that works as close to 100% as possible and have found one on BTC/USDT with an average of 95% success rate. Other pairs are also high 80s to mid 90s
I have stopped trading for a bit and am doing more tests and paper trading

Is there a way to make this work or do others mainly trade with leverage how do you handle stop loss and take profit

I used to have this same issue. My trading psychology was messed up. It got to a point that I was depressed because I was emotionally invested with the charts.
One day, I decided I would take a break. I didn't look at the charts, I didn't look at my wallet. I put everything concerning trading on a hold.
 When I returned, I got a working strategy and back tested like my life depended on it. I also worked on my risk to reward ratio. Although I'm still struggling to keep my emotions in check, my trading has improved drastically.
Sometimes, taking a break is all you need.

[ningrum]

Leverage trading is high risky task . i have using this method before and lost a huge amount of my assets . so first of all i will not suggest anyone to do Leverage trade . but if someone can consider that risk then they can try with bitcoin coz bitcoin is safe then another's coins for leverage trading and shouldn’t use more then 5x . but 3-4x is better for leverage trading every time.

What you are saying is true other than that if someone wants to trade leverage he must really know the risks and have to learn first,
however it is important to consider first because leverage trading is not easy

[barbara44]

Leverage trading is high risky task . i have using this method before and lost a huge amount of my assets . so first of all i will not suggest anyone to do Leverage trade . but if someone can consider that risk then they can try with bitcoin coz bitcoin is safe then another's coins for leverage trading and shouldn’t use more then 5x . but 3-4x is better for leverage trading every time.

What you are saying is true other than that if someone wants to trade leverage he must really know the risks and have to learn first,
however it is important to consider first because leverage trading is not easy

Leverage trading would cause a lot of trouble for people if they do not know the history of most leverage traders. They should always be aware of the fact that they would lose all their money if they keep doing it, and they shouldn't really be doing it that way at all.

I would personally suggest that if you do not know the  fact that ALL of your money in a single minute if you are not careful, then you shouldn't risk it at all, then you are not ready for it at all. I personally would suggest everyone to stay away as long as possible. Not that anyone listens, they go ahead and do something that is dangerous and then they end up with nothing in their wallet and cry why it happened to them.

[carlfebz2]

Leverage trading is high risky task . i have using this method before and lost a huge amount of my assets . so first of all i will not suggest anyone to do Leverage trade . but if someone can consider that risk then they can try with bitcoin coz bitcoin is safe then another's coins for leverage trading and shouldn’t use more then 5x . but 3-4x is better for leverage trading every time.

What you are saying is true other than that if someone wants to trade leverage he must really know the risks and have to learn first,
however it is important to consider first because leverage trading is not easy

Leverage trading is something like gambling and it is soo risky . As in gambling, a gambler can lose all his money in an instant . in the leverage trading one trader also can lose all his money instant if he/she take a wrong entry and wrong leverage in wrong time. it is only truth

Thats why it does really need up knowledge plus having a good self control when it comes to emotion.Make yourself stick out on things which are realistic or something that could able to obtain and not trying out

to prove out things which arent that attainable or something can be reached.Take things slowly but surely and i do say that leverage isnt for everyone considering the level of risk but there were indeed people

who could really able to bare up the risk and ending up on holding themselves well on leverage/futures trading but its not recommendable for a noob to touch up this area.

[kawetsriyanto]

~snip~

Thats why it does really need up knowledge plus having a good self control when it comes to emotion.Make yourself stick out on things which are realistic or something that could able to obtain and not trying out

Even though we have high control over our emotions, sometimes, they will break when we are surprised by the market condition which is very opposite to our position and analysis. This leverage or future market is exactly not for everyone or moreover for newbies. This is high risk. Although people say that if we have analyzed, this is not gambling. But in fact, although we have analyzed the market based on charts and other types of analysis, sometimes, the market is so unpredictable.
Probably this will be different for professional traders who have good experience in Future or leverage trading. because, once the market goes oppositely, they have understood what to do or what to prevent by using hedging mode, SL, and other strategies. And they may also have other positions to jump in order to earn profits from other trading positions to cover the loss from another.
but for newbies? they may not know about what to do.

[SquirrelJulietGarden]

Even though we have high control over our emotions, sometimes, they will break when we are surprised by the market condition which is very opposite to our position and analysis. This leverage or future market is exactly not for everyone or moreover for newbies. This is high risk. Although people say that if we have analyzed, this is not gambling. But in fact, although we have analyzed the market based on charts and other types of analysis, sometimes, the market is so unpredictable.

We can self believe that we are able to control emotions but it is like calm before a storm. When market suddenly moves up or down, emotion will show its effects on decisions. Sudden movements can cause FOMO or panic activities that are never good for capital and risk management.

The best to control emotion is having solid knowledge then belief on what we are doing. Best is investment in long term and don't store coins on exchanges. By this, we won't be affected by short term sudden movements.

Probably this will be different for professional traders who have good experience in Future or leverage trading.

Experienced and professional traders know when to enter, when to exit and they are disciplined with their entries as well as their exits. Even exit price is not giving profit, they will do exit.

Exits have two types: Exit to take profit and exit to cut loss.

Professional traders know when to cut loss and move onwards. They don't keep their positions open for too long because when the market moves beyond a time window that matches with their entry, it will move up or down a lot. So if you don't cut loss at right time, big loss will come.

[Natalim]

Leverage trading is high risky task . i have using this method before and lost a huge amount of my assets . so first of all i will not suggest anyone to do Leverage trade . but if someone can consider that risk then they can try with bitcoin coz bitcoin is safe then another's coins for leverage trading and shouldn’t use more then 5x . but 3-4x is better for leverage trading every time.

Those who can manage to handle the stress in leverage can bring themselves to it. Because if you are not really confident about this and not well-prepared, I was sure you will end up losing everything you put there. Just like how OP makes such a decision and faces the consequences of it (losing). Actually, leverage trading and trading, in general, is not for everyone and therefore, we don't need to urge ourselves doing this if we are not ready and capable enough in the first place.