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Leverage can be a powerful tool in trading!
If you study the right material, from the right people and keep your head in the game, you can be highly profitable.
But it's a double-edged ⚔️.
Notice how I highlighted "keep your head in the game"?
That’s right, leverage trading isn’t for everyone. Some people won’t be able to handle the emotional side of it. The hype you feel after a successful trade or the urge for a ‘revenge trade’ when you lose, can easily lead you to spiral into a blown account.
e.g: I just started learning about leverage and putting it into practice. So far, I’ve learned from some of the mistakes I’ve made despite being profitable each time, but I still feel the constant urge to jump into the next trade.
If you can’t handle it, don’t do it. You’ll only make things harder for yourself. It might work in the beginning, but eventually, it won’t!
#crypto #BTC #leverage #psychology
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