Growing Account Size | Bitcointalksearch.org

doomloop

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Quote from: Sebas.tian on April 01, 2024, 01:35:57 AM

You can use this season to grow your account as a trader, because the market price has increased higher again to give opportunity to some traders that missed the market last month.

The current season can only grow the accounts of people who have bought assets when the price was down last year. For those who are joining the market now and want to grow their account, they will need to start doing DCA as quickly as possible because the halving event is near and we know that the actual bull run starts a few months after the halving event and once it starts, then the buyers might not get that many opportunities for buying at low ranges.

For short-term traders, they don't need much even in an uptrend. After all, they can buy now, and sell when the price goes up a little because they are not bound to hold onto their assets and wait for the peak to sell and take a profit. That's why a bull market is always special for scalpers.

Natsuu

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Quote from: retreat on April 05, 2024, 12:50:31 AM

traders also need good intuition in the market so that they can get good opportunities in the market that can give them maximum profit potential

Growing your trading size or your bets is not about technical analysis but it is more like a mental game now. Because knowing where the market will go next is easy. You can use indicators or price action pattern and then you're all set. However, handling money is different. That's why I said it's a mental game. Growing your account size should be taken like a baby step. Because if you force yourself to trade in large amount right at the beginning, it will only give you unnecessary stress out of your trading.

Say you force yourself to put on a trade with $3,000 risk. Now your trade is -$2,700. Can you handle the drawdown? What if it is already +$2,500 in profit yet it wasn't still in your target, will you close it because you are afraid that your profit will gone later if you don't take it? See?! it's all mental game in trading.

It's not about calling the next move, it's about how well can you manage your position including the risk you are putting in.

retreat

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That's much easier said than done. Growing an account is not as easy as it seems, because apart from strategy and financial management, traders also need good intuition in the market so that they can get good opportunities in the market that can give them maximum profit potential. Especially for traders who use leverage, it is much more difficult to grow an account on this, because if they take the wrong position then their potential for a margin call will be quite high (unless he has a lot of money to be able to hold the position).

GreatArkansas

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Quote from: Bushdark on April 04, 2024, 07:19:48 PM

There are many things that are involved I growing account and we should be aware of them not allowing greed to take control of our trading ability. To make money is always equals to losing the money. Risk management is the number thing we need to watch when having the plan to increase your account size which is something that would take enough time and understanding about the market.
This could take weeks or months, even years for this to be accomplished without moving too fast.

Yep, that's why risk management is very important. Always achieve the "minimizing the risk, while maximizing the profits". By doing this consistently, your account size will grow. Just be careful always in your trades, just think that every trade you do is serious, and don't trade if you are not sure about your analysis.

Bushdark

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There are many things that are involved I growing account and we should be aware of them not allowing greed to take control of our trading ability. To make money is always equals to losing the money. Risk management is the number thing we need to watch when having the plan to increase your account size which is something that would take enough time and understanding about the market.
This could take weeks or months, even years for this to be accomplished without moving too fast.

LaFerrari2024Angel

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Time is the answer.

In our Fund we use a strategy that consist in the idea of use part of our assets as collateral in order to lease ustd/usdc and mantain it like a saving account and when the market fall by more then 20%, we use that money to buy assets e grow our net worth using debt in a low scale (max. 15% of your assets should be used as collateral).

With that strategy we made since may/2023 an amount of 5x our assets, considering that the BTC net worth grew like 2,5x tops, we more than double it with patience, strategy and using the volatility of the market in our favor.

That's how the business of who make money in the ecossystem works.

Bravut

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Quote from: Barikui1 on March 27, 2024, 07:00:16 AM

Quote from: Bravut on March 01, 2024, 06:54:13 AM

What’s the possible way of growing your account size….
This is one of the problem that affects traders how to grow there accounts to a big size.
I came across a thread on x by a crypto guru who said the best way to grow your account is by having a strategic edge, proper risk management and Discipline as a trader.
And I buy his idea.
Every trader wants a suitable account that why you see some traders over-risking, flipping and over leveraging there account.
What we just need in such case is catching high probability trades, having a working strategy and proper risk management.You are good to go and you grow that account, but we most know that it is a gradual process don’t expect to move your account to thousands of $$ in a day.
As traders we also need to trust and believe in what works for you, rather than jumping from one strategy to another or from different schools to another, this will help us develop our own edge.
Avoid pressure.

Let discuss on this guys, and enlighten ourselves.

The idea he shared with you are good, but I don't really think that's all that is required to grow your account size, to me I think they are numerous, which are;

* Knowing when to stay off the market: people don't know how important this is when trading, when the market structure is not giving you a clear understanding, it's best you stay off, so that you won't lose money.

* Patience in waiting for the right set-up: it's very important that you have to wait for the right set-up so that you won't lose the gains you have already made, don't trade when you don't see opportunity.

* Know how to use your leverage: it's very important you know how to use your leverage properly, so that you won't liquidate yourself, by too much leverage.

That's the few I can recall for now, but do not forget that you must also be good at technical analysis and fundamental analysis in other to be successful.

These are nugget of fresh information.

mirakal

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Quote from: Oshosondy on March 01, 2024, 07:19:37 AM

A good trader should not use leverage. He should use future trading for long and short with no leverage. Although, for coins like bitcoin, 2 to 3x leverage is not too much but I prefer not to use leverage.

A good trader should use averaging. This is a good strategy than leveraging. Averaging will help in risk management.

A good trader should not be greedy. I have been greedy before and end up losing. One of the greed is to have in mind to win $10 daily but when you make it easily in just like 20 minutes, you will think to open another position and that is not good. Another greed is when you are winning already and not closing your position.

Using leverage may not work for less experienced traders, but most probably, it will work for professional traders. They know how to determine if the advantage is clearly on their side, so using leverage might serve as their edge. However, in general, using leverage is highly risky and dangerous. So if you think you can’t beat or manage its risk, then it’s safer not to trade with leverage. Instead, use trading average wherein you can clearly manage your risk from losses.

A good trader is more of a knowledge seeker and prefer to be more analytical. Hence, if you don’t have qualities like this, you will find it hard to be a good and reliable trader.

Sebas.tian

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Focusing on the strategy that works for you in the past will make you remain in profits making than trying a new strategy you have never use before in your trading, because you don't know if the new strategy is real to grow your account or not. Trade when the price is higher in the market is an easy strategy many traders are using to increase their account in a way they will never be lack of finance to purchase whenever the price is low in the market, because there are some traders who lack finances and they are willing to increase their capital but the finance is not there. You can use this season to grow your account as a trader, because the market price has increased higher again to give opportunity to some traders that missed the market last month.

adaseb

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There are 2 ways to grow your account.

You can either take trades which can go either way. And if you are a good trader you will earn profits and increase your account size. However for many it doesn’t fall into this group, most traders lose money in the short term.

If you got some stablecoins like USDT or so you can lend it out. Currently it’s like 15% or so a year. If you got bitcoin or Ethereum you can do a cash and carry trade and those sometimes yield 80% APR but are more involved then just holding stablecoins and lending for yield.

wiss19

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Quote from: Barikui1 on March 27, 2024, 07:00:16 AM

The idea he shared with you are good, but I don't really think that's all that is required to grow your account size, to me I think they are numerous, which are;

* Knowing when to stay off the market: people don't know how important this is when trading, when the market structure is not giving you a clear understanding, it's best you stay off, so that you won't lose money.

* Patience in waiting for the right set-up: it's very important that you have to wait for the right set-up so that you won't lose the gains you have already made, don't trade when you don't see opportunity.

* Know how to use your leverage: it's very important you know how to use your leverage properly, so that you won't liquidate yourself, by too much leverage.

That's the few I can recall for now, but do not forget that you must also be good at technical analysis and fundamental analysis in other to be successful.

Indeed because growing an account is not easy, especially here in trading but at least he already shared some points there, so it won't be hard anymore for us to enumerate the others. It may seem that growing an account will only need to push forward but that's actually wrong and can only slow us down and it's a misconception that staying off the market is the one that can slow us down, when it was the ones who can help us to achieve our goals easily/quickly.

Another one is to be good at both types of analysis. This would be the fail of many traders because they only focus on one type and that is technical or maybe they underestimated the power of fundamentals.

tvplus006

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Quote from: Bravut on March 01, 2024, 06:54:13 AM

I came across a thread on x by a crypto guru who said the best way to grow your account is by having a strategic edge, proper risk management and Discipline as a trader.
... Let discuss on this guys, and enlighten ourselves.

The crypto guru advice is not original, and represents the banal basics that any trader should know and follow. But despite the fact that this is basic knowledge, most traders neglect to comply with it, as a result of which they incur losses.

Natsuu

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Quote from: jrrsparkles on March 28, 2024, 10:40:57 AM

Leverage increase the chances of loss so it doesn't feel like a good strategy to follow especially when you are just starting as a retail traders. Growing the portfolio value is the goal for that we need to strategize profits with minimal risk to our capital value which ofcourse less profitable as well as less risky compared to leverage or any other types of trading.

In fact not only the trade size is the only thing you can leverage in crypto trading space. You can even leverage opportunities on handling virtual money accounts through Prop Firms. It's an ideal for those who have less capital. Because in prop firms, you buy a challenge, you passed it then you will get an investment amount for you to trade with. It's zero risk with greater rewards.

However, you won't be able to passed these challenges if you don't have the necessary skill. It's not only about reading the price chart and doing analysis, but also the risk management side. Because if you over risk every time, you will just keep blowing accounts instead of growing it. It's also how you manage yourself as a trader. When you lose do you want to make your money back? Do you over trade? At the end of the day, it is yourself as a trader you are trying to master and not the market.

jrrsparkles

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Leverage increase the chances of loss so it doesn't feel like a good strategy to follow especially when you are just starting as a retail traders. Growing the portfolio value is the goal for that we need to strategize profits with minimal risk to our capital value which ofcourse less profitable as well as less risky compared to leverage or any other types of trading.

Zigabel

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Quote from: Bravut on March 01, 2024, 06:54:13 AM

What’s the possible way of growing your account size….
This is one of the problem that affects traders how to grow there accounts to a big size.
I came across a thread on x by a crypto guru who said the best way to grow your account is by having a strategic edge, proper risk management and Discipline as a trader.
And I buy his idea.
Every trader wants a suitable account that why you see some traders over-risking, flipping and over leveraging there account.
What we just need in such case is catching high probability trades, having a working strategy and proper risk management.You are good to go and you grow that account, but we most know that it is a gradual process don’t expect to move your account to thousands of $$ in a day.
As traders we also need to trust and believe in what works for you, rather than jumping from one strategy to another or from different schools to another, this will help us develop our own edge.
Avoid pressure.
Let discuss on this guys, and enlighten ourselves.

With regards to growing account size I think you have mentioned it all already and it's definitely the fact about growing account size to a better one than what it was because if you take away all that you have mentioned then it will be difficult growing account except you accidentally get lucky probably beginners luck of which isn't common and not something we could ever depend on as traders because it's not a way to succeed trading rather it will guarantee you consistent failure so it's usually best if you want to grow your account size to have the discipline and applying proper risk management just like you have rightly stated already. You don't have to trade all day or everyday or even all the times to be able to grow your account, a good strategy doesn't even allow you trade always because you can always find an opportunity that suits your strategy in the market all the time.

If you do other wise, you may just be gambling your trades. Having a working strategy isn't about your strategy working all the time, sometimes it could be that your strategy might not be working all the time but then stay consistent with it and whenever it works make sure to make best use of the opportunity and get only the best from it, that way you will stay profitable.

Barikui1

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Quote from: Bravut on March 01, 2024, 06:54:13 AM

What’s the possible way of growing your account size….
This is one of the problem that affects traders how to grow there accounts to a big size.
I came across a thread on x by a crypto guru who said the best way to grow your account is by having a strategic edge, proper risk management and Discipline as a trader.
And I buy his idea.
Every trader wants a suitable account that why you see some traders over-risking, flipping and over leveraging there account.
What we just need in such case is catching high probability trades, having a working strategy and proper risk management.You are good to go and you grow that account, but we most know that it is a gradual process don’t expect to move your account to thousands of $$ in a day.
As traders we also need to trust and believe in what works for you, rather than jumping from one strategy to another or from different schools to another, this will help us develop our own edge.
Avoid pressure.

Let discuss on this guys, and enlighten ourselves.

The idea he shared with you are good, but I don't really think that's all that is required to grow your account size, to me I think they are numerous, which are;

* Knowing when to stay off the market: people don't know how important this is when trading, when the market structure is not giving you a clear understanding, it's best you stay off, so that you won't lose money.

* Patience in waiting for the right set-up: it's very important that you have to wait for the right set-up so that you won't lose the gains you have already made, don't trade when you don't see opportunity.

* Know how to use your leverage: it's very important you know how to use your leverage properly, so that you won't liquidate yourself, by too much leverage.

That's the few I can recall for now, but do not forget that you must also be good at technical analysis and fundamental analysis in other to be successful.

Mpamaegbu

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Quote from: Bravut on March 01, 2024, 06:54:13 AM

I came across a thread on x by a crypto guru who said the best way to grow your account is by having a strategic edge, proper risk management and Discipline as a trader.

That trader you read from on X couldn't have said it any better. That's apt! MM (Money Management)/Risk Management and emotional control trump even the supposedly best of strategies. I've read so many comments of our members here talking about increasing leverage to trade and be profitable. The aim shouldn't be on making profit while starting out but to have a mastery of one's emotions and strategy.

While starting out trading, the ultimate goal should be on persistent gain even though in trickles. That's the best way to grow and not on over leveraging to grow big overnight.

Hamphser

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Quote from: Bravut on March 01, 2024, 06:54:13 AM

What’s the possible way of growing your account size….
This is one of the problem that affects traders how to grow there accounts to a big size.
I came across a thread on x by a crypto guru who said the best way to grow your account is by having a strategic edge, proper risk management and Discipline as a trader.
And I buy his idea.
Every trader wants a suitable account that why you see some traders over-risking, flipping and over leveraging there account.
What we just need in such case is catching high probability trades, having a working strategy and proper risk management.You are good to go and you grow that account, but we most know that it is a gradual process don’t expect to move your account to thousands of $$ in a day.
As traders we also need to trust and believe in what works for you, rather than jumping from one strategy to another or from different schools to another, this will help us develop our own edge.
Avoid pressure.

Let discuss on this guys, and enlighten ourselves.

When it comes on growing your account then this is something that would really be taking up some time and needing up for you to have that proper experience for you to achieve this one.
This is why it would be better that you shouldnt really be rushing up yourself into this because if you do then you are really that putting up yourself on such huge loses because once
you do make out such rush then you are really that prone to lost or tons of mistakes on which this is something that you must avoid in the first place.
Dont rush up yourself on being that profitable because if you do then you cant think up well.

Learn up things along the way so that you will be able to gain up that experience on which it would really be something helpful and beneficial as you do go forward.
Getting that trading skills and be good at it is never been that taking a short path to have. It would be a long time and tons of works and other considerations.

Bravut

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Quote from: kentrolla on March 02, 2024, 03:31:49 AM

Apart from the basics you have mentioned like have proper strategy and not over leveraging one needs to build multiple strategies over the time because same strategy may or may not work for eternity hence I would suggest to create strategies by combining more than one technical indicators and back test the data as this should be a daily or Bi-Weekly exercise to identify the one which is most suitable strategy.

.

Are you trying to say that traders should create new strategies overtime?

I agree with your idea of backtesting your strategies and trades taken to build confidence in the market but not creating multiple strategies.
Rather one should look for an edge and keep refining his approach to the market.
Technical indicators only show the expecting track road of the market not a substitute for your trade decisions, using more than one will only make things complex, you speaking of indicators we have lagging and leading indicators so you should be clear about it.

adpinbr

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One of the top secrets of growing your trading portfolio is sticking to the plan. When there is going trade, always stick to the plan, because it is necessity for your trading to go accordingly the way you structure it to be, because sometimes during an ongoing trade, you may see a move or a profit point which may require you to either buy or sell if you don’t stick to the plan you will lose the tree that we have already structured and also take a coach digital books, consigning trending. It may not really be a signal or time to buy all time to sell. It may just be a guideline opening your mind making you ready for the trade making you not to be scared that you will lose your money, sometimes what happens to trade is the atom of fear and greed. Some persons are greedy. That is why they lose a lot sometimes they are always afraid of losing, That is why they don’t make Up to their thought. So it is always important to take advice from top traders. keeping all the strategies intact and putting your base into it you would definitely grow your portfolio to your expectation.

batang_bitcoin

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Quote from: wxa7115 on March 02, 2024, 03:27:47 AM

Quote from: batang_bitcoin on March 01, 2024, 06:46:06 PM

While there are traders that can manage risks properly in leverage. Some newbies out there think that they can handle the heat of it and can go as much as they can. As what Vitalik said, don't go more than 2x of leverage and that's enough already. Because when you go more than that, you're gambling and you don't know what you're doing. But what's funny is that there are people that are going more than 10x, 20x and even more. Well, that's their money to trade and they can handle it as much as they can. Lessons really will be there but you have to deal with them through expensive experiences.

Leverage is often sold as an amazing tool which will allow traders with a low capital to make the same profits as another trader with much more money on their accounts, but anyone using leverage as big as 10x or more has no chance to last more than a year doing that.

But the worst part is that this will teach really bad habits to those traders, since from that moment on they will find very difficult to trade without leverage, as the profits they may get will look to be very small compared to what they could get before by using leverage, even if at the end they lost it all.

I do agree with those traders that only use small capital and leverage higher and that's fine because those amounts are affordable to lose. But when someone becomes greedy and tries to calculate how much it could be, the problem goes with that big money and being put into high leverage, that's a crazy deal that he's trying to make. Experience will teach everyone how to get low off of themselves so that they are not going to be as aggressive as what they seem to think.

kentrolla

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Apart from the basics you have mentioned like have proper strategy and not over leveraging one needs to build multiple strategies over the time because same strategy may or may not work for eternity hence I would suggest to create strategies by combining more than one technical indicators and back test the data as this should be a daily or Bi-Weekly exercise to identify the one which is most suitable strategy.

The most important thing is don't believe in the so called influencers or crypto gurus you find on internet and also stay away from subscription based crypto signal channels. It all about TP/SL strategy and indicators.

wxa7115

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Quote from: batang_bitcoin on March 01, 2024, 06:46:06 PM

While there are traders that can manage risks properly in leverage. Some newbies out there think that they can handle the heat of it and can go as much as they can. As what Vitalik said, don't go more than 2x of leverage and that's enough already. Because when you go more than that, you're gambling and you don't know what you're doing. But what's funny is that there are people that are going more than 10x, 20x and even more. Well, that's their money to trade and they can handle it as much as they can. Lessons really will be there but you have to deal with them through expensive experiences.

Leverage is often sold as an amazing tool which will allow traders with a low capital to make the same profits as another trader with much more money on their accounts, but anyone using leverage as big as 10x or more has no chance to last more than a year doing that.

But the worst part is that this will teach really bad habits to those traders, since from that moment on they will find very difficult to trade without leverage, as the profits they may get will look to be very small compared to what they could get before by using leverage, even if at the end they lost it all.

Tigerheart3026

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Quote from: adaseb on March 02, 2024, 01:15:37 AM

My advice if you don’t have alot of capital is instead of leverage trading to just do some airdrop farming instead. If you search around you can find many potential airdrops like Zksync or Layerzero.

You just use their network and can get a small reward if they release an airdrop for their governance token. Look at ARB or BLUR or DYDX in the past. The airdrops were huge and required minimal effort. This is much easier than leverage trading and blowing up your account.

i know a bit about zksync airdrop platform but i didn't try to farming or like that. how much amount i need to put or staking in the platform to eligible in the airdrops?
and how many months i need to keep hold my tokens in the zksync? there are many big airdrops launched in such platforms but i can not participate till now.

Julien_Olynpic

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I believe that in trading you need to work on defense. Because there is a simple law: any deposit is more sensitive to losses and drawdowns than to profits. If you have lost 30-33% of your deposit, then in order to return the deposit to its previous size, you need to make a 50% profit. If you have lost 50% of your deposit, then in order to return to the previous amount you need to make 100%, which is not so easy. And in the case of a 75% loss, you will need to do x4, which will generally require extraordinary efforts from you.
Therefore, risk management is much more important in trading. Yes, you need to take risks; without risk you cannot increase your deposit. But you need to calculate the risk in such a way that even in the most unfavorable case you have a sufficient deposit for further trading. The market will not leave us anywhere. It will be tomorrow and the day after tomorrow and in a week and in a year. And most likely in 10-20 years, most likely we will also have the opportunity to trade on the market. But we will not be able to trade if we do not have a deposit left. It is better not to make a profit than to suffer a significant loss or significant drawdown of the account.

adaseb

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My advice if you don’t have alot of capital is instead of leverage trading to just do some airdrop farming instead. If you search around you can find many potential airdrops like Zksync or Layerzero.

You just use their network and can get a small reward if they release an airdrop for their governance token. Look at ARB or BLUR or DYDX in the past. The airdrops were huge and required minimal effort. This is much easier than leverage trading and blowing up your account.

justdimin

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Quote from: Husires on March 01, 2024, 08:46:35 AM

A good trader will not let his account on the platforms grow and grow, because even if make profits, they are still present inside the platform, that is, they are promises or a loan that you deposited on the platform and you are waiting for them to fulfill their obligations and make you withdraw your profits. Make your investment portfolio grow, develop your trading skills, and withdraw your profits first.

While I do agree that the money that goes unused should be withdrawn and not kept there, specially at exchanges that are not that good, I also think that it is no way of growing if you keep on withdrawing. Let's say you started with 100 bucks, and you made trades that are 100 bucks as well, eventually you did so well that you have over a thousand dollars, would that make sense to still keep on trading hundred dollars?

I would suggest that you should increase that, even if you decide not to do a thousand dollars, you could do five hundred or seven hundred dollars trading. So you should always consider maybe using all of the money in the exchange instead of withdrawing it, that could make a lot more sense for you on the long run.

batang_bitcoin

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Quote from: Assface16678 on March 01, 2024, 06:38:50 PM

Quote from: batang_bitcoin on March 01, 2024, 06:18:10 PM

That guru is right, proper risk management and discipline. Why he's talking about discipline? Because when a trader is in profit, they should take profit asap. And you're also right that whatever strategy works for each of us, we should stay on that. Each trader has their own values and strategies that works and are unique. To increase our account sizes or balances, I think it shouldn't be your first thing as you trade. Learn about trading through several methods and tests what will work for you. Be open with losing because it's part of knowing yourself where you'll be ending up to grow with that working strategy.

Leverage is the most risky thing in trading, as you can stay out of that thing because raisinf the leverage means raising the risk of losing money also, even expert traders who goes for long term trade doesn't use leverage because they believe more in time than short traders who plays with fire using leverage in order to get a huge profit out of short time, but one single error or mistake in leverage trading will burn all of your funds if possible, I happen to play with leverage in o e of my trade in the past in desperate to earn a lot of money through short trade or scalping and I learned the lesson through the hard part or painful way, because I lose all my funds for that account and from that zi never ever use a leverage ever again instead believe in long trade or day trading atleast.

While there are traders that can manage risks properly in leverage. Some newbies out there think that they can handle the heat of it and can go as much as they can. As what Vitalik said, don't go more than 2x of leverage and that's enough already. Because when you go more than that, you're gambling and you don't know what you're doing. But what's funny is that there are people that are going more than 10x, 20x and even more. Well, that's their money to trade and they can handle it as much as they can. Lessons really will be there but you have to deal with them through expensive experiences.

Stepstowealth

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Quote from: yhiaali3 on March 01, 2024, 12:41:48 PM

In my opinion, every trader has his own method and strategy. The trader does not necessarily follow a strict strategy, but rather takes from each strategy what suits him. Therefore, for me, the best way to increase the size of my account is to grow it in the long term through accumulating profits.

Everyone seeks to increase the size of their account many times quickly, so they begin to make mistakes through their haste, greed, and dream of doubling their account within a short period of time, even though the most important rule in trading is patience and staying away from greed.

A trader who masters and focus on effective strategies That will yield him a series of profits we surely have their account grown. A trader who wants to grow account needs to also know that they have to try as much as possible to reduce the times in trading when they lose because losing in trading is anti growth to account size. If you are able to master a strategy in trading and then have more positive results than you have negative results, you can convince other people or other people can offer you money for you to trade for them and take a percentage. Your account size increases in the process.

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Quote from: batang_bitcoin on March 01, 2024, 06:18:10 PM

That guru is right, proper risk management and discipline. Why he's talking about discipline? Because when a trader is in profit, they should take profit asap. And you're also right that whatever strategy works for each of us, we should stay on that. Each trader has their own values and strategies that works and are unique. To increase our account sizes or balances, I think it shouldn't be your first thing as you trade. Learn about trading through several methods and tests what will work for you. Be open with losing because it's part of knowing yourself where you'll be ending up to grow with that working strategy.

Leverage is the most risky thing in trading, as you can stay out of that thing because raisinf the leverage means raising the risk of losing money also, even expert traders who goes for long term trade doesn't use leverage because they believe more in time than short traders who plays with fire using leverage in order to get a huge profit out of short time, but one single error or mistake in leverage trading will burn all of your funds if possible, I happen to play with leverage in o e of my trade in the past in desperate to earn a lot of money through short trade or scalping and I learned the lesson through the hard part or painful way, because I lose all my funds for that account and from that zi never ever use a leverage ever again instead believe in long trade or day trading atleast.

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That guru is right, proper risk management and discipline. Why he's talking about discipline? Because when a trader is in profit, they should take profit asap. And you're also right that whatever strategy works for each of us, we should stay on that. Each trader has their own values and strategies that works and are unique. To increase our account sizes or balances, I think it shouldn't be your first thing as you trade. Learn about trading through several methods and tests what will work for you. Be open with losing because it's part of knowing yourself where you'll be ending up to grow with that working strategy.

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The best traders I have seen in the space are not short term traders looking to profit off the market in the short term but they seek to do so long term. I buy into the idea of Oshosondy of averaging down but I disagree with the part about leverage. Even the best traders use leverage (between 2-5x leverage). The problem is that it is easily abused. Traders usually get carried when thinking about the potential profits they can get for x leverage but never calculate the potential losses for such leverage and it often comes back to hunt them.

My plan is to accumulate my position and sprinkle small leverage to boast my position size.

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Quote from: yhiaali3 on March 01, 2024, 12:41:48 PM

In my opinion, every trader has his own method and strategy. The trader does not necessarily follow a strict strategy, but rather takes from each strategy what suits him. Therefore, for me, the best way to increase the size of my account is to grow it in the long term through accumulating profits.

Everyone seeks to increase the size of their account many times quickly, so they begin to make mistakes through their haste, greed, and dream of doubling their account within a short period of time, even though the most important rule in trading is patience and staying away from greed.

Thanks for your contribution.
Accumulating profits is one factor that is undermined, some persons as you have said lack patience for that they want it fast.
Maybe I would also set target I want over a long period and stick to it, allow it to accumulate and then check the outcome.

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In my opinion, every trader has his own method and strategy. The trader does not necessarily follow a strict strategy, but rather takes from each strategy what suits him. Therefore, for me, the best way to increase the size of my account is to grow it in the long term through accumulating profits.

Everyone seeks to increase the size of their account many times quickly, so they begin to make mistakes through their haste, greed, and dream of doubling their account within a short period of time, even though the most important rule in trading is patience and staying away from greed.

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Quote from: Bravut on March 01, 2024, 06:54:13 AM

What’s the possible way of growing your account size….
Let discuss on this guys, and enlighten ourselves.

The best possible way to grow your account size is through investing in yourself as a trader. As a trader you need some education either formal or informal that would increase your ability to earn more money in the long run as you build your small account or on the road to growing your account size. While these strategies listed out are great, they need money to be practiced. A trader cannot practice proper risk management, averaging or any other trading strategy without money.

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A good trader will not let his account on the platforms grow and grow, because even if make profits, they are still present inside the platform, that is, they are promises or a loan that you deposited on the platform and you are waiting for them to fulfill their obligations and make you withdraw your profits. Make your investment portfolio grow, develop your trading skills, and withdraw your profits first.

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strategic edge, proper risk management, discipline, etc. these things are very basic and you can even find them on google, you don't need to bother getting advice from that so-called crypto guru if that's all he says. because to be able to develop a trading account requires many factors and these include intuition, in-depth analysis, self-confidence and luck.

no matter how well you manage your trades or how well you manage your risks, if you don't have the confidence to take a position or are unlucky at the time, then everything you do will be in vain.

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Quote from: Bravut on March 01, 2024, 06:54:13 AM

What’s the possible way of growing your account size….
This is one of the problem that affects traders how to grow there accounts to a big size.
I came across a thread on x by a crypto guru who said the best way to grow your account is by having a strategic edge, proper risk management and Discipline as a trader.

In cryptocurrency, you can suddenly get a lottery ticket and win big and your account size (your capital) increases a lot like multiplying 10 times, 100 times or even more.

However, how you get it will decide your capital future. If you are a gambling enthusiast, you will lose that lucky big capital soon if you don't change your trading habit. If you can change, you will have higher chance to secure your capital and don't lose all of it.

If you already succeeded to increase your capital size, you will have to get your initial capital back, keep it safe and only use the rest (your profit or part of your profit) to continue trading. It will secure your initial capital and even part of profit.

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All that you mention is general knowledge. You will grow your account size if you keep winning on your trade regardless of your method. As mention above, avoiding leverage trade with high leverage or simply completely avoiding it will makes you away from huge risk of losing your asset and just keep holding coins like Bitcoin.

Combine it with depositing more assets from your source of income such as job will make your account growth quicker and less riskier because you are just holding assets that keep growing overtime. Not all person can do a successful trading that’s why holding Bitcoin and DCA overtime is the most effective way to grow account size that is proven for a long time.

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A good trader should not use leverage. He should use future trading for long and short with no leverage. Although, for coins like bitcoin, 2 to 3x leverage is not too much but I prefer not to use leverage.

A good trader should use averaging. This is a good strategy than leveraging. Averaging will help in risk management.

A good trader should not be greedy. I have been greedy before and end up losing. One of the greed is to have in mind to win $10 daily but when you make it easily in just like 20 minutes, you will think to open another position and that is not good. Another greed is when you are winning already and not closing your position.

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What’s the possible way of growing your account size….
This is one of the problem that affects traders how to grow there accounts to a big size.
I came across a thread on x by a crypto guru who said the best way to grow your account is by having a strategic edge, proper risk management and Discipline as a trader.
And I buy his idea.
Every trader wants a suitable account that why you see some traders over-risking, flipping and over leveraging there account.
What we just need in such case is catching high probability trades, having a working strategy and proper risk management.You are good to go and you grow that account, but we most know that it is a gradual process don’t expect to move your account to thousands of $$ in a day.
As traders we also need to trust and believe in what works for you, rather than jumping from one strategy to another or from different schools to another, this will help us develop our own edge.
Avoid pressure.

Let discuss on this guys, and enlighten ourselves.

Topic: Growing Account Size (Read 358 times)