Quote from: Seranium on February 12, 2020, 12:26:04 PM

Quote from: leowonderful on February 11, 2020, 11:59:49 PM

I don't ever use high leverage, and mathematically it just doesn't make sense to use insanely high leverage like 100x or 200x, so the availability of very high leverage is just clickbait to reel in newbie traders IMO.

There are people who want to risk it from time to time and try with the max leverage. In the end, it all comes down to how people handle the instruments. I see many people list Reputation, but what if the exchange is new? Reputation is built with time.

I use high leverage on medium and long term positions, it just makes sense sometimes...

For example, at 9500 i bought 1BTC@10x lev (with a sl around 9400), we then went up to 9800 where I releveraged up to 25x and put the same funds back in buying 2.5BTC - making my average buy in price 9680 (think my sl was around 9700 or something)... and I followed the chart up to 10300 and my sl triggered at 10120 afauj,,, Was decent profit since I'd started. Sometimes it's nice to use 10x until you get your profits after an increase in actual price of 10-30% and then 100x some of your profits (keeping the original entry price) without risk of losing any of your original capital - especially if we're in a parabolic move and you can look back at it every 5 or 10 minutes...

Someone mentioned an app above too which is pretty good to have if the exchange offers it, I just noticed bybit do.

Also, not sure if I mentioned but I prefer perpetual contracts to the time limiting ones...