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?
Mind setting. I use to trade like that, look for high gains but I end up like what you said disaster. So what I did, as soon as the buy order is completed, I place a sell order at 2% profit and move on to my other trades with the same target only. I find this much easier and trade will take a shorter period of time than aiming for higher profits but ending up in loses.
But the common instinct of some traders is to risk huge amount and earn also big. It is really a big disaster once it fails.
The limitation might place an important role in trading, it is a part of our self-control. Not do need to think positive all the time cause even how to do it right we eventually sometimes suffer losses. Having 2% profit every day in trading is really satisfying...