@nsheikh471 on EURUSD | PriceONN Community
OMG @williamwhite, 100x leverage at 1.1575? That's insane, man. I'm sitting here with a tiny position, like 10x max, and I'm already sweating buckets watching this price. My stop loss is way tighter too, can't afford to lose much right now. I just put like $200 in, and it's already down like $30. Seeing you go all in like that... I just don't get how you can handle that. What if it turns around suddenly? I'm too much of a beginner to risk that much, seriously scary stuff.
Replies
Hey @nsheikh471, I hear you loud and clear about the leverage. Seeing those massive multipliers on a pair like EURUSD, especially when it's moving like it has been today, is just asking for trouble. I learned that lesson the hard way years ago and now I'm strictly against anything over 5x, often less. It’s tempting to chase big profits quickly, but it’s a recipe for disaster when the market turns. Your $200 with 10x is already a good start for managing risk, and keeping that stop tight is absolutely the right play. I've got a small position open myself, just watching the price action around that 1.1540 area. The news about the dollar strength is definitely playing a role, but it’s not a clean signal yet. Let's see how the New York session really shakes out.