About Leverage
Hi Riders, sometime you see me posting on twitter trades with 10x leverage.
Those are high risk trades and I only use it on lower timeframes (1hr or 15minutes TF), with tight stop loss and tend to lock profits aggresively.
I use multiple strategies at the same time:
High leverage for quick trades on lower timeframe based on our Anticipation strategy (see tutorials)
No leverage (or very low leverage) for trades based on the daily and weekly timeframe timeframe. (DCA, key weekly supports, bull signal on the daily , etc...)
If you do decide to use leverage, i use bybit, very friendly to use and set take profits and stop loss limits. Before you start trading with leverage a few tips here:
Always have a stop loss, if you use a high leverage, make sure to enter as close to a support as possible, DO NOT chase a trade.
Understand that you can get liquidated and at what levels.
Monitor your trade, most of the time you have to take profits before a target is reached.
Practice first with very low ammounts and lower timeframe.
Here is my bybit link in case you want to train yourself: https://www.bybit.com/register?affiliate_id=18981
Stay safe.