The use of high leverage. Traders experience.

[TastyChillySauce00]

Just buy real bitcoin without all those leverage and if you really want to leverage because you want to make additional profit, have you thought of using your bitcoin as collateral to buy more? I think the risk is lower this way.

High leverage only make sense if you just want to waste your money hoping to hit the jackpot but completely fine if your money vaporized because thats what happens 99% fo time.

[Inwestour]

Yes, we know that high leverage is not good, many traders are advising people not to use high leverage. I am among the traders because I have very bad trading experience with high leverage. Let us see traders opinions on this thread to know if they make it after a long period of time with the use of high leverage or they later decided to stop the use of high leverage and trade with low leverage.

I assume 100% song us will choose No, I stop using high leverage butnlet us see if I am wrong.

Please I need only real traders to vote and post.

My experience with leverage is very limited, so I eventually abandoned high leverage and later switched to spot trading, because it significantly reduces the risk of losses for me. For me using leverage in trading equates trading with gambling, but if I want to take a risk, I'll make a few bets, while in trading I prefer to reduce risks as much as possible. I have no desire to return to leveraged trading, spot trading is perfectly sufficient.

[Bitcoin_people]

Trading using high leverage is very risky, but only those who are experienced and know how to analyze the market can profit from it. If you have little experience in trading, do not use high leverage, it is harmful to your money, you have to keep in mind that you can lose your money. However, whenever I have traded, although I have made less profit, I have not used high leverage, I have used low leverage, it has reduced my risk. I think using high leverage is risky for traders, so it would be better to trade using a small amount of leverage. To trade, you must gain experience, then you need to trade, moreover, you must be extremely experienced when trading using high leverage.

[liasbaa]

Yes, we know that high leverage is not good, many traders are advising people not to use high leverage. I am among the traders because I have very bad trading experience with high leverage. Let us see traders opinions on this thread to know if they make it after a long period of time with the use of high leverage or they later decided to stop the use of high leverage and trade with low leverage.

I assume 100% song us will choose No, I stop using high leverage butnlet us see if I am wrong.

Please I need only real traders to vote and post.

I am not in favor of taking high leverage especially in trading. Some people were against my opinion because they were expecting high profits in a very short time but it was risky for them and they fell into that risk. Every step in trading should be taken based on analysis because most traders believe in hype and apply high leverage and often they make wrong decisions.

I think your strategy is wise because using high leverage is a wrong decision because you do not know when the real dip is. Using high leverage is good but if you have a backup fund that is risk tolerant.

[dwyane36]

I am not in favor of taking high leverage especially in trading. Some people were against my opinion because they were expecting high profits in a very short time but it was risky for them and they fell into that risk. Every step in trading should be taken based on analysis because most traders believe in hype and apply high leverage and often they make wrong decisions.

I think your strategy is wise because using high leverage is a wrong decision because you do not know when the real dip is. Using high leverage is good but if you have a backup fund that is risk tolerant.

If a trader is well disciplined and follows risk management, then trading futures with leverage makes sense. In fact, even 2x-3x leverage is more than enough, considering that the cryptocurrency market is too volatile.
As for those who dabble in futures with high leverage, they are simply hoping for luck. This is no longer a trading opportunity, but rather a lottery, as a position can be liquidated in a matter of minutes in such cases.

[tvplus006]

Just buy real bitcoin without all those leverage and if you really want to leverage because you want to make additional profit, have you thought of using your bitcoin as collateral to buy more? I think the risk is lower this way...

If you pledge your bitcoins and use the proceeds to buy BTC, then you will have the same high risk of losing your money as when trading with leverage. This will happen if the price of BTC decreases and your loan can no longer be secured by your collateral, then the position will be liquidated. The only positive thing is that you won't lose all the money, but only the money you've lent.

[Alphakilo]

I am not in favor of taking high leverage especially in trading. Some people were against my opinion because they were expecting high profits in a very short time but it was risky for them and they fell into that risk. Every step in trading should be taken based on analysis because most traders believe in hype and apply high leverage and often they make wrong decisions.

I think your strategy is wise because using high leverage is a wrong decision because you do not know when the real dip is. Using high leverage is good but if you have a backup fund that is risk tolerant.

If a trader is well disciplined and follows risk management, then trading futures with leverage makes sense. In fact, even 2x-3x leverage is more than enough, considering that the cryptocurrency market is too volatile.
As for those who dabble in futures with high leverage, they are simply hoping for luck. This is no longer a trading opportunity, but rather a lottery, as a position can be liquidated in a matter of minutes in such cases.

This is just the reality about trading leverage. I tried it once or twice but I guess luck wasn't on my side. I don't think it is for me despite the strategy or risk management practices I apply. There is always a slip up and it is emotionally draining to be sincere. I would instead prefer to outrightly gamble on some odds than try to trade leverage, mostly when it involves using BTC.
The risk is just too high and uncertain, I simply do simple trades and hold more BTC for now. If I must trade, then it is with more stablecoins and strict risk management rules.