Liquidation Levels Trading Futures
I've seen lots of people getting liquidated on there longs on this BTC dump. This is why I think people never take into consideration risk management or don't know how it actually works. Maybe this can help a lot of people and help them clarify things. YES, the getting rich quick by leveraging is a probability, but if you ask me, I would consider it luck in the 25x to 100x than in lower leverage positions.
I think the getting rich quick scheme in crypto or FX is never talked enough and should always be addressed with proper risk management.
This analysis is considering you long your whole portfolio with leverage (which most people do).
If you want to long with high leverage, use 1% or 2% of your portfolio, try it out in Isolated mode first and see what it is all about. Your losses will teach you how to be a better trader, but never ever lose your ammo in your first try.
I'll do a follow up of this chart with potential gains by leveraging.
I think the getting rich quick scheme in crypto or FX is never talked enough and should always be addressed with proper risk management.
This analysis is considering you long your whole portfolio with leverage (which most people do).
If you want to long with high leverage, use 1% or 2% of your portfolio, try it out in Isolated mode first and see what it is all about. Your losses will teach you how to be a better trader, but never ever lose your ammo in your first try.
I'll do a follow up of this chart with potential gains by leveraging.