Post
Topic
Board Trading Discussion
Re: 3 Top Tips to Stay Safe While Margin Trading Crypto
by
dark08
on 01/12/2019, 23:20:05 UTC
Yes, this is absolutely true. I often get caught up in big levers until I have my account burnt for the first time. Things were crazy and I lost confidence in myself a few months ago. But until now, I have met some pretty good people in this short-term trading field and they advised me exactly as the article wrote. and it's important to never trade like gambling, keep your mind as stable as possible.
You better find strategy that helps you out from losing instead.

That is a good one. Follow their advice and stick to the strategy that you've to feel right and really making a good profit. It is also important to know the status of our trades, never think that leverage trading could help you out instead, it only gives you losses in the coming days.
It is really important to think about our potential losses, most people are always thinking about the profits that they can get, not understanding that whatever potential profits they imagine they could get are unattainable if they lose all their capital before they get to that point, with that in mind it is really important to concentrate yourself on not losing all your money in a case you hit a streak of several losing trades but that can be a really hard advice to follow when most people never imagine that they can lose at all.

Thats why alway set stop loss and manage your risk because the market are crazy it can be pump or dump anytime, margin trading is risky if you compare to regular exchange site but like other said high risk is equal to high profit. Dont be fooled and control your emotion anytime dont be greedy if you think you have a profit then grab it.