Dear Leverage crypto traders,
You thought having “free” leverage money to help with your crypto trades were going to make you super rich very fast, till grinch powell dropped a bomb on your head and your long position went margin called. There is a reason why they say nothing in life is easy or free. Especially in money markets. This market cycle leverage trading seems to be a lot more popular than then last previous cycles, and while spot traders, might not make as much as you, we have the ability to not worry about margin calls and getting liquidating out of the market.
For newbie traders this market cycle, I hope you learn the lessons from these losers. Don’t leverage trade, unless you know what you’re doing. It’s better to spot trade. If you don’t know the difference between spot and leverage trading go learn about it, don’t just fomo into money markets without understanding the game you’re playing. You wouldn’t walk into a casino and start playing regular poker at a Texas holdem table. For the players still in hodling strong while this dip is playing out, keep DCAing in/out and remember to hedge your risks, because even spot trading can turn out bad for you, if you don’t know what you’re doing. Good luck out there, trade and invest smart. Or you might end up being losers like the leverage people who bit the dust. I hope you all have happy holidays. Money is important but so is family and life, try to enjoy it.
submitted by /u/CatNDoge42
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