Quote from: Oshosondy on June 06, 2022, 03:59:11 AM

Quote from: FanEagle on June 05, 2022, 09:51:25 PM

I know for a fact that I had to do some stuff that would change things, but it will not be a simple change, I had to relearn all I knew about indicators in order to make sure that I didn't do any mistakes, because there were plenty of times when I lost money when in fact I did everything correctly like I should. It is not going to be a big major shock to anyone, but indicators do not have 100% success rate, if they did, we would all be simply using them and be wealthy.

Exactly what I am saying, not all the time indicators can help, there have been time I was using high leverage and trading altcoin which are more volatile than bitcoin, I did almost everything correctly but just because of high leverage and because trading indicators can not be 100% accurate, slight mistake led to liquidation of my asset, not long the market corrected to the extent I ought to gain but no asset again. This has happened to me like five times before I know I should reduce my leverage and I prefer to trade bitcoin now.

This is the risk of high leverage, you are aiming at making profit as if you have a huge capital, with the little capital you have, that is the understanding of leverage trading. So, if you want to invest 10k, but want to profit like you invested 100k, then the risk of you losing is bigger.

So, when you have a 10% drop, it will liquidate all of your money and it will be all gone, because it just went from 100k to 90k with 10% drop, but since you leveraged your 10k, that will cover it. This is the "basics" of it, so if you are risking such high amount, for a high profit, then sometimes when it drops then you need to face it and accept it and move on.