Post
Topic
Board Trading Discussion
Re: Is this also your strategy to avoid hitting your stop loss early?
by
Silberman
on 17/04/2022, 18:26:31 UTC
I know that lower margin and low leverage are also farther away from the liquidation price, so is it okay to set low margin and low leverage first to avoid losing if your strategy doesn't work, and then add if does the price follow your strategy? Is this also your strategy?

Why not try trading with spot at first place and then become a pro at it.
After that may be you can try using leverage and try to increase it from 2x to 5x as and when you progress at your trading skills.

That makes too much sense, today newbies do not want to go through the trouble of learning how to walk and they want to run from the beginning and reach their goal as soon as possible, the truth is that very few people should be using leverage because as we know if you happen to make even a single mistake while you are using it then the consequences for you can be terrible, it is better to master spot trading first and once you have been profitable for years then you could try leverage trading, but it seems no one wants to take their time during their trading journey anymore.