A well-balanced trader will open just one trading position with a high leverage or lotsizes with full interest to keeping the trade open for a week or months.
Not really. So balanced and experienced trader also trade by margingale and that involves trading multiple coins or orders at the same time.
They don't care if it will result in a significant loss in the end; instead, they focus on the risks involved in order to be rewarded in a colossal manner. People with good salaries are more likely to gain easy profits without stress.
Greed is the major reason th
Trading is more suited to the wealthy than the underprivileged.
I don't agree rather trading has profited more underprivileged than the wealthy. An underprivileged need to be gradual and consistently make profit to get to the top.
Forgetting the proverb that has protected many beginning traders, "Crypto is not a get rich quick scheme," an average trader with no capital would be desperate for significant gains in the market.
This is a contradiction to what your view is about a wealthy trader and underprivileged trader. Getting rich quick is not just good conception for a trader
I always keep that in the back of my mind whenever I'm opening my trading account.
I think you can change that and put it now in the front of your mind because you already contradicted yourself by saying wealthy people trade with high leverage which means they are expecting getting richer quick instead of gradual profit taking like those who have less capital and not seeing trading as get rich quick syndrome.