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Let’s be actual: Most individuals don’t lose cash in crypto due to “dangerous luck”. They lose it as a result of they by no means had an actual system to guard themselves.
Right this moment, I’m not simply telling you what the errors are — I’m going to indicate you precisely keep away from them, step-by-step.
Let’s get into it
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The Drawback:
Utilizing 50x or 100x leverage sounds thrilling… till a 1% transfer towards you liquidates your whole place.
The Resolution:
Set strict leverage limits: By no means go above 3x — even 2x is safer.Threat only one–3% of your portfolio per commerce: If the commerce goes mistaken, you’re nonetheless alive.Use tight cease losses: Resolve earlier than coming into the commerce how a lot you’re prepared to lose.
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