Post
Topic
Board Trading Discussion
Re: To day traders
by
Wakate
on 13/01/2025, 13:02:31 UTC
If you trade shit coins, you will see yourself losing because they are too volatile. If you gain, you may later lose. Successful traders trade with less than 10 times of their trading funds. If you have $1000 for trading, using $100 makes you understand what trading is. If you use leverage, you are increasing the chance of you losing. Patient traders are more likely to earn.
One thing that many experience traders use to avoid is using excessive leverage because it could easily cut that you trading portfolio and when the market is very volatile, it will end up in losses. It is good for us to trade good coins, even the ones that are volatile but not the coins that are easily manipulated by group of whales or the owners.

Trading with small fund can still be profitable when using a suitable leverage, but this should not be done when trading in the volatile market. Risk management has been one of the ways to avoid unnecessary losses due to the reaction of the market. We need to trade accordingly, not being too greedy to make money at once without using risk management and stop that could prevent further losses Incase the market goes against your predictions.

The new traders that are in the market with the motive of hitting a jackpot would have to work harder, learning about the market more before going big or trading with huge funds so that can increase their experience as traders.