Post
Topic
Board Trading Discussion
Re: Is this also your strategy to avoid hitting your stop loss early?
by
Yamifoud
on 17/04/2022, 22:26:30 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.

This becomes hard for OP as he is trying to put himself in a place where he is not yet fully gain knowledge about trading. It is better for OP to start learning spot trading first before stepping up on leverage and margin trading. I'd presume, in this way this makes him fully understand how trading works.
No rushing OP and have to be aware that leverage trading is somewhat difficult for the beginner and those who just have limited knowledge. It is found to be the best to start from the basic (spot trading) and make use of that experience for the next level.