Post
Topic
Board Trading Discussion
Re: My Trading Strategy
by
Ryker1
on 10/03/2022, 11:27:02 UTC
...In this DCA strategy what I do is using lowest X leverage and increasing my leverage as the market continues to have a pull back until my terms are met. ..

The fact that you are gaining a position in this way helps to get the average cost more profitable, but it will not save you from sweating money. Since you do not indicate that you are using a stop loss, then you can still lose your money if the price continues to decline.
Well stop loss is very important in trading because it minimizes your loss when there is.
High leverage trading means high risk which is I avoided since I was in trading, new traders think that if they risk their money on high leverage it could be easy money but for me, that is a form of gambling that involved a high risk after all.
In fact, there is no accurate trading strategies --it matters always your luck or if you know how to manage the market situation there could ehb a profit.