Quote from: butka on June 08, 2019, 06:41:37 PM

I remember when I start trading and I didn't know what I was doing. I was following the advice of some random dude who actually didn't know what he was doing too. And I didn't use a stop loss because the dude told me so. You can imagine the result was disastrous.

I can remember that I saw a thread of yours regarding trading on BitMEX. That exchange has some serious killer wicks it throws left and right from time to time. If you don't have a stop, you'll get liquidated in an instant.

Noobs not knowing what happened think their account has been emptied by hackers or in some cases they even accuse BitMEX of having stolen the funds. This just shows how much people are actually gambling.

People think to make a fortune using 10-100x leverage but end up with with empty pockets. I think it's safe to say that leverage trading in general has been glorified too much on social media.