Post
Topic
Board Trading Discussion
Re: Do not use more than 2x leverage
by
LastKiss
on 27/01/2024, 02:03:05 UTC
~snip~
I think using this low leverage is good for traders. But investors should not use leverage at all. Investors should even supposed not to leave coins on exchanges but moved the coins to a noncustodial wallet.

This is also not applicable to many coins that are very volatile in a way that 1x leverage can even lead to liquidation of asset. See what happened to TRB recently that fall from almost $700 to $125.

I used 20x leverages for small capital when trading Bitcoin and for trading Altcoins, I stay away from using leverage cause I once traded altcoins with leverages and got liquidated in just a day lmao. for big capital it's better for me to trade without any leverage cause mostly I hold it for the long term and waiting the best price to sell. As long as we know the risks it's up to someone if they want to use low leverage or high leverage.