Quote from: Ratimov on Today at 07:32:36 PM

Quote from: forestx on September 12, 2022, 12:54:27 PM

One issue I have other than getting scared is to do with time restraints I am trying to find a trade quickly and not giving it enough time also aping in and usual sh*t
I am trying to come up with a strategy that works as close to 100% as possible and have found one on BTC/USDT with an average of 95% success rate. Other pairs are also high 80s to mid 90s
I have stopped trading for a bit and am doing more tests and paper trading

Is there a way to make this work or do others mainly trade with leverage how do you handle stop loss and take profit

The problem is not fear or timing. It is only your self-comfort and self-deception. The problem is the absolute lack of risk management and a perfectly polished strategy. At the moment, your trading is no better than slots in one-armed bandit. You will never come up with anything with such risks, because it is almost impossible to use it in long-term trading. Well, you can trade with such risks for a couple of days or weeks, and then what? And then the inevitable drain of the deposit and losses. This is a 100% guaranteed final for all margin traders using 2 or 3 digit leverage.

The fact that you use tests and paper trading is good. I myself once went through this. This approach is very helpful in identifying certain patterns in your trading and focusing around them. I can say for sure that sooner or later you will come to the conclusion that trading with x1.5 - x1.8 leverage will be more or less comfortable. The sooner you come to realize this, the more time and money you will save.

You wouldnt really realize these things if you wont able to experience for yourself and whenever you do touch those leverage then sooner or later you would be finding out whether it would really be just fine for you to
handle up such risk or not.Its true that this isnt particularly talking about fear or timing.You would able to find out on what are the things will mainly affect you along the way.
Its not really that suggestable on dealing up with higher leverage if your capability or knowledge/skills arent enough on handling such trading method or field.