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.