- Digital Vault
- Posts
- Leverage Is Here To Take Your Money
Leverage Is Here To Take Your Money
Unless you're top 1% trader.
Look.
This brave trader acknowledged his mistakes, and I’m sure he will only go upwards from here after learning this critical mistake.
Trust me.
All successful traders have the same experience.
Losses comes after life changing money.
He encountered a hard-learned truth – one that many experience with varying degrees of loss, some with modest sums, others with substantial amounts.
Remember.
You can win once, twice, thrice with leverage, sharing your profits screenshot.
But one loss can wipe out all your profits plus capital.
The statement 'leverage is high risk high reward' only applies to top 1% traders with a plan and risk management in mind.
For 99% it's high risk high loss.
You don't need leverage to win this bull run
Spot suffices.
Stay true to this.
Don't give away your money again and again.
What next?
If you are a skilled trader, I would suggest U to sell local top and buy local bottom.
But things moved very fast and it can make you lose a lot more money than holding if you don't know what you're doing.
So my advice is to hold through different narratives in your portfolio through the entire bull market, and move SL higher after each leg high is the best bet.
Nobody can time the local top and bottom.
We may have another dump after a few days.
It's daily stuff in market.
Just need to ask yourself
Are you prepared if things dumped
Are you prepared if things pumped.
That's the only thing you must know in yourself Now that things have pumped.
The best entry has passed.
The best entry was yesterday and day before when I DCA across the board.
So if youre asking 'what to buy now?'
I'm afraid you haven't learn the trade yet.
If you knew you should have acted yesterday
When I said stop giving away your money, I meant it.
This game preys on your greed and get rich fast mindset.
You lose faster.
I teach how to master these market psychology in my 9-5 Traders
This is way important trade signals.
If you know nuts about psychology and risk management, following trade signals are a sure way to burn your portfolio.
Join the 9-5 Traders Community to learn how to dominate this cycle
See you inside
Victor.