Hey guys, we’re all looking for ways to make trading easier, right? Whether it’s spotting setups more efficiently, venturing into bot trading, or getting news faster. For example, today I got a pop-up notification about the US DOJ approving the sale of 69,000 BTC. This prompted me to short the market because it’s bearish news, and I ended up making 2X from the position using 100x leverage. Yes, risky—I know.
Do you really understand how risky 100x leverage is? 1% dump or pump of the price is enough to either liquidate you or double your capital. I believe that the 1% dump of Bitcoin's price wasn't because of the bearish news, such a small price change always happens without a reason. 100x leverage alone is one of the riskiest things in trading but a short position on futures is another level of risk. Never open a short position on futures because exchanges often manipulate the futures market to liquidate their users. Exchanges provide liquidity, that's why you are able to trade with 100x leverage but in order for exchanges to profit, they manually manipulate the market and liquidate those who trade with leverage. I wouldn't even risk playing on futures with 2x leverage with a short position.