Let’s be actual: Most individuals don’t lose cash in crypto due to “unhealthy luck”. They lose it as a result of they by no means had an actual system to guard themselves.
Right this moment, I’m not simply telling you what the errors are — I’m going to point out you precisely the way to keep away from them, step-by-step.
Let’s get into it
Subscribe to TheDailyDollar:
The Downside:
Utilizing 50x or 100x leverage sounds thrilling… till a 1% transfer in opposition to you liquidates your whole place.
The Answer:
- Set strict leverage limits: By no means go above 3x — even 2x is safer.
- Threat just one–3% of your portfolio per commerce: If the commerce goes incorrect, you’re nonetheless alive.
- Use tight cease losses: Determine earlier than getting into the commerce how a lot you’re keen to lose.