Post
Topic
Board Trading Discussion
Re: This bad habit will cost you a lot in trading
by
beerlover
on 27/08/2024, 03:19:07 UTC
I hope you do realize that there are different types of trades, while there is spot trading which is always favorable when you follow the trend, when the market becomes uncertain and doesn't move in your direction, that's when you look at other type of trades, there is option, there is future trading which has its own forms again and we also have margin trading. You can enjoy all these tradings when the trend decide to go against you and there is money on them.

However, because of the leverage involve in them, you can't enjoy such trading in way to make money comfortably, if you increase your leverage, the more risky the trade becomes and the less you leverage your position, the better it becomes again but less the profit. Whichever you want, the choice is yours to make but low leverage are the best with future trading, anything other than that is gambling and you know what gambling is about.
There are too many people who are stuck with one way, and do not want to see any other methods, not only they do not want to do it but they do not even check how it's done or the results of people who do the others.

I would say spot trading is the best way to move forward, in any direction but that doesn't mean that I do not check leverage for example, because futures have their own way of helping people, in your example if it is going down then shorting before it goes down helps you make a profit, point being that it's something we can make profit from.

In the end, it is something that everyone should do, everyone should take a look at all kinds of trading, and in the end they can make a calculated decision based on what they know and can trade accordingly, it would allow them to be a lot better and could result with a good result. It is going to be something that can definitely give you what you prefer, and you would be a lot better at doing what you like.