Leverage is not the devil; not knowing how to set stop-losses is.
There are always people struggling with the question: "Is it more stable to open 10x with $1000 or 5x with $2000?"
Asking such a question usually means you're not far from liquidation.
The truth is simple:
Both are a $10,000 bet; the only difference is whether you can sleep at night.
Novices are always trembling at the liquidation price, but forget that—
What really kills you is never the leverage, but your trembling hand that refuses to set a stop-loss.
High leverage leads to quick losses?
That's because you close the app right after placing a trade, like an ostrich burying its head in the sand.
The most ironic part is those who ask, "How can I turn $200 into ten times in one trade?"
The market will always accommodate them, just in the opposite direction—
In five minutes, they achieve "asset zero freedom."
Listen up, my friend:
First, earn money within your understanding with spot trading,
then use the profits to play with contracts.
If you can't even understand the candlestick charts, why go all-in?
You might as well go to a casino to bet on odds,
at least they offer free drinks there.
Trading isn't filled with so much mysticism;
You can win by going long when it's sunny and short when it's rainy,
The key is whether you dare to cut losses like a machine.
With the same 10x leverage,
Some people roll out a down payment for a villa in three years,
while others lose their shorts in three hours—
The market never bullies anyone;
It just marks a price for every illusion.
Remember:
Your account balance is a mirror reflecting your understanding.
Don't blame the market for being harsh,
blame yourself for being both greedy and naive.
Click on the avatar to follow, and you'll never get lost in the crypto world again.