How to stop taking high risks? - page 3.

kidoseagle0312

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Quote from: farlack on September 18, 2019, 06:15:57 PM

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?

I think you are one of the good traders in crypto trading sir. But to stop taking high risks is unavoidable I think,
We all know that no matter how good or expert we are in trading, still in the end losses will come to us. That's the reality
happens that we need to accept as a trader. And besides you mentioned that " Sometimes you gain a lot " which means
you still faced losses, but I think its easy for you to recover it.

silversurfer1958

full member

Activity: 474

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Quote from: farlack on September 18, 2019, 06:15:57 PM

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?

I was addicted to margin trading for a while because it was very profitable for me every time I won, but every time I lost it took back a lot of my hard working days.
I think you should turn to long-term investment in good technology alts like EOS, XLM, ETH to get good profits every year.

Ararbermas

sr. member

Activity: 2016

Merit: 283

To reduce risky situation you must take it as full time in order to protect your portfolio and to get as well the right timing to dump and etc because that is the common reason why sometimes we suffer on any risky situation ,wherein because of being negligent in our duty. So must adjust and monitor always the graph to reduce it because that's the only solution .

Questat

hero member

Activity: 2982

Merit: 610

Quote from: farlack on September 18, 2019, 06:15:57 PM

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?

Try to evaluate your method, you said that sometimes you gain a lot so that method could be a working method as well.
Know your overall performance, if you are in profit then the strategy is good, it's just necessary that you will learn the right fund management which requires discipline to be able to do it effectively.

it's normal that we experience loses in trading, but it's necessary to adjust and you try to improve your trading strategies.
High profit target is also a high risk, so there's a lesser chance if we will convert that to chances.

Flor1982

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The greater the investments is the greater the risks that you need to face therefore risk is already part of every investment. We could not stop the risk but we could reduce it by simply improving our skills in trading like knowing the projects well and their legit owners by doing these the chances of having risk is reduced.

mk4

legendary

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Paldo.io 🤖

It's pretty simple. Stop trading with leverage. Regardless how good your risk control is, leverage trading is still risky. Probably trade via spot exchanges instead, and simply lower your bankroll allocations to your trades. But in the end, it all comes down to self control, regardless what you trade and what type of trading you do.

Herbert2020

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why do you trade with leverage anyways? i personally dislike it a lot.
if you also are starting to feel the same way and can't stop the high risks you are talking then maybe it is time to move to another exchange and/or trade without leverage. that is what i have been doing. it just makes more sense to me to trade the good old fashion way.
and remember that putting a lot of mental pressure on yourself because of risks,... is not really worth the money that you may earn out of it.

harizen

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For support ➡️ help.bc.game

Quote from: farlack on September 18, 2019, 06:15:57 PM

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?

That positive energy of yours came from big winnings is turning your mindset that you must continue. In other words, why should you stop if it's successful? Then later on.... will lose at the end. You are doing good, it's just that you need to control.

How to stop that. You know that already but just can't execute it.

You are not new to this leverage thing. I know you can deal on your concern even without suggestions.

maxreish

sr. member

Activity: 1330

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What I am doing is I always enter small leverage like 4-10%, for not easily liquidated entry. But if you want to feel profits or gain high profits, enter big amount with less % of liquidity. Also, even if you put a higher percent of liquidity, set stop loss in every trade to at least lessen and to at least easily compensate the loss if ever.

nreal

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arcs-chain.com

Acceptance can cost a lot of money, which is very difficult for many people, so they usually do not set stoploss, but that can help to avoid losing a bigger amount. The most risky thing is when you don't have stoploss. I think you should use lower leverage and set stoploss.

saaayyyeeel

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For RENT

To stop taking risk needs more discipline and self-control since it is the urge to get more profit and the fire that burns all the fear and anxieties that sometimes put us in a not-so-good situation like loosing all our funds.

GreatArkansas

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Quote from: farlack on September 18, 2019, 06:15:57 PM

But I realise that trading with high leverage is a disaster. How to stop doing that?

Withdraw your funds in that margin exchange and deposit it to some exchange that has no leverage, because once you can't control your emotion, you will still put leverage even you said never again. But if you can control it, good for you.

Always put stop loss then, risk management. If you are not sure on your entry or you are late on entry, maybe you can minimize your leverage based on your risk:reward ratio.

pieppiep

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Quote from: farlack on September 18, 2019, 06:15:57 PM

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?

I think you should stay away from leverage trading for a while and trying to learn to trade for more so you can know how to analyze the market. It is not recommended to seek for high profit if you are difficult to analyze because that will lead you to get another loss. It is better to get a stable profit, like about 1%. So you can repeat to get the profit in over and over.

There is nothing you can do to stop the leverage trading exchange except leaving the exchange as I said before. Don't think that with leverage trading will give you a big profit every day. But when you still insist on staying at the leverage trading, then I suggest you stop trading when you can get 10x of the profit and don't continue to trade.

You need to have a control for yourself, so you can stop and leave the exchange after you can get a big profit so you can stay calm and relax for a while. But that will depend on how strong you can control yourself.

jhenfelipe

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Self/Emotion control.

I think you should stop for a moment, think, and ask yourself, is it worth it? Try to weigh in both profits and losses. Don't let your emotions control your decisions, when you gain don't get too excited, when you lose don't be so eager to recover the losses. Calm down yourself first before taking action.

Don't stay too long in front of your computer, you'll be tempted to trade more.

Furious 7

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https://duelbits.com/

I think you trade well, no big deal.
it only requires emotional control so that it doesn't look fomo and it makes you lose your trading strategy.

farlack

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Merit: 1000

Hey guys, I noticed that I always seek for high profit and point is that I still trade 25-50-100x. Then I lose deposit and then repeat once again.
Sometimes I gain a lot, like 10x and it gives me positive energy.

But I realise that trading with high leverage is a disaster. How to stop doing that?

Topic: How to stop taking high risks? - page 3. (Read 557 times)