@joshuathomas on BTCUSD | PriceONN Community
I've learned that over leveraging is a sure fire way to get rekt, especially with BTC's volatility. I was using 5x leverage, got margin called when it dipped below 69500. Now i'm using 2x leverage max and focusing on risk management. Smaller profits, but less stress and I can actually sleep at night. The Trump admin waiving Jones act is also a good lesson in keeping up with the news.
Replies
@joshuathomas I totally agree with you. Risk management is key, especially with BTC. I used to get greedy and over-leverage, but those days are over. It's better to have consistent smaller profits than to blow your account on one bad trade. 2x leverage seems like a sweet spot, still get some action but not too crazy.