Gm and fuck no.
Stay humble.
Stack sats.
Don't fuck around with leverage and find out.
Trust me I know from experience what a pain in the ass that can be when you get fucked without lube by messing around with leverage.
Discussion
it's double worse when someone hax cryptokitties and triggers a leverage cascade like what happened at bitfinex in 2016 i forget when it was exactly, around that time anyway... totally wiped me out because i was doing leveraged trade on bitcoin/usd
Of course, as I was telling the other friend. This account is for learning the art of trading; a lot of the resources I post here are for that, and I usually use a lot of memes. That's what I meant with the post about the bull being hunted. Leverage has killed more people than it has saved. The alternative of DCA with stacking sats is always the most recommended for the average person. But let's also make time for some laughs! 🔮
i used leverage to much effect on forex back in 2008 in the early days of EUR/USD but the volume on that shit was so high the volatility was so low you could literally just scalp it all day long without probems if you kept your exposure under 10% and used trailing stops
what i was in the process of learning when that shit blew up was bitcoin is not liquid enough for this scalping/trailing stop strategy and i got rekt
Wow, 10% exposure is a lot. I use 0.25%-0.5% or in a A+ setup maybe 1% top. And get rekt is part of the process of learning friend 🔮
I know, my friend, the experience of stacking sats is always the most recommended. But this account is for learning trading; many of the posts and resources you see here are advice from a professional trader. That's why I often make memes and funny recommendations, but I hope people don't take me seriously; I'm just laughing at the things in the market. And I hope the resources I post in articles are valuable for those who want to learn this difficult art 🔮