30d • Investment Chat 📈
Is leverageing trades sketchy - or is it a good way to trade the 1% ups and downs of BTC/Eth?
Hi everyone,
I have been experimenting with leverage, which basically allows you to multiply your position in a trade ( usually up to 100x ). So thereticallly $1 is the equivlent to a $100 position (correct me if I'm wrong - this had me confused for a bit)
Currently I have been able to leverage long and short on some of the big crypto coins (btc, doge, eth)
Overall I have had some successful trades - and some panic sells. But I still think that If a crypto coin is showing a strong movement then leverageing can multiply what would usually be a small return.
Feel free to let me know your opinions on this, or if there are any other tools I should be using to increase my chances of a return👍
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Is leverageing trades sketchy - or is it a good way to trade the 1% ups and downs of BTC/Eth?
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