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Showing 3 of 3 results by Afgan84
Post
Topic
Board Trading Discussion
Re: leverage trading method and psychology
by
Afgan84
on 08/10/2022, 09:20:59 UTC
OK I decided to try my hand again at leverage trading
The plan was to watch the market and when I see it making a move in one direction go in with high leverage for a small move with no stop loss
This went well 1st week and was up 30% but then went down hill fast

The issue I have is not so much bad calls but getting scared
I will go in with 10-20x leverage and see my money drop like a stone be down 20% and exit only to see it climb back up and hit the TP or climb higher
This has happened three times now.

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

Hey bro, you're trading the Way i was trading before and the result is: lost of more than 30K.
Stop leverage trade and go to read about trading psychology, the Best book i find about this is TRADING IN THE ZONE Of Mark Douglas, this book has changed the way I'm looking at the market.

You can't use more than X10 Wich is already very big because there are same coin that can make +/- 5% in less of 1 minute.
 Don't trade everyday because you'll find yourself doing over trading.
90% is psychology and the rest is technical analysis and fandamental.
Good luck.
Post
Topic
Board Altcoin Discussion
Re: I lost +$ 20k in future, advice for newbies
by
Afgan84
on 18/04/2022, 23:30:57 UTC
Hello guys,
First of all, i would like to thank all of u guys, i have read all your responses...

Anyway it was a big lesson for me but i won't give up and I'm planning to invest $350 every month in same good project and hold for long term this time.

Thank u again guys 🤗
Post
Topic
Board Altcoin Discussion
Merits 1 from 1 user
Topic OP
I lost +$ 20k in future, advice for newbies
by
Afgan84
on 20/02/2022, 21:44:17 UTC
⭐ Merited by usekevin (1)
Hey guys.
First of all, i would like to thank all people here who are sharing informations and help other.

 Secondly, i want to share my bad experience in crypto using future.

Before Starting in crypto, i have traded forex in 2016, starting with a capital of $ 500,  i Lost it quickly then i have learned TA, after a few months, i came back and start again with $1k, Wich i turned into 5K in almost 15 days, but i Lost all again because I didn't respect rules and take more risk then i realized that forex isn't for me.

In the beginning of 2016 i started trading crypto but didn't know a lot of things about Blockchain, then lost again, because I didn't hold ( sold BTC and Ethereum at 2000, eth at 800 😂...

Since April 2021, when all people talk about crypto and when all is green 🍏 i started again in crypto but I didn't have  a clear strategy because i have trading using the money that i barrow from the bank Wich i had to use to buy our house with my wife, then i Start to take money from the bank, 3k a week, then i traded spot but as i wanted to make profit quickly but that was the wrong...
Then i started trading future and after turning 5k into 11k I didn't take profit coz i was greedy lol
After I lost all the money i have Wich is +20 k, i was living in hard situation coz i didn't buy the house i had planned with my wife to buy and she was angry as she didn't understand all this, she think it's only like casino...
Now I'm paying the bank every month the money i have borrowed from them until 7 years ...

It was a good lesson for me that I won't never forget.

My advice for newbies :
PLEASE, DONT NEVER TRY FUTURE.
PLEASE, DONT NEVER USE THE MONEY THAT YOU NEED FOR YOUR LIVING.
PLEASE, DON'T NEVER TAKE The MONEY FROM THE BANK AND TARDE WITH IT.

At the end, i apologize if that's long, but i would just like to share this and i hope newbies like me take lesson from this.
 Thank you guys.