Never use high Leverage
@RandomUser (30)
Bhubaneswar, India
August 2, 2022 5:59am CST
Hello dear members, I have learned a hard lesson & I am sharing that with you. So I was trading ETH/USDT in kucoin futures & got a little greedy 
, increasing the leverage from 5x to 15x. When ETH price fell below 8% I can't afford more margin so I have to close the position at 166 USDT loss 
My advice to anyone trading futures is to use low leverage.
, increasing the leverage from 5x to 15x. When ETH price fell below 8% I can't afford more margin so I have to close the position at 166 USDT loss
My advice to anyone trading futures is to use low leverage.7 people like this
6 responses
@DevMrSamEleazar (13701)
• Philippines
3 Aug 22
Hello! I see you are a newbie here I hope you will enjoy myLot.
I just wanted to greet you. cuz I dont actually know how this crypto works so yea.
I just wanted to greet you. cuz I dont actually know how this crypto works so yea.1 person likes this
@DevMrSamEleazar (13701)
• Philippines
4 Aug 22
@RandomUser Glad to know that you love this community. Okay got it. many people will let you know what your mistake without criticizing you so yea.
Very good community
You are welcome!
1 person likes this
@RandomUser (30)
• Bhubaneswar, India
4 Aug 22
Yes I am new here & I love this community. If anything mistaked by me please notify me so that I can correct & learn. Thanks for the greet.
1 person likes this
@LadyDuck (460237)
• Switzerland
2 Aug 22
@RandomUser Trading is dangerous, no matter if currencies or if you play the stock market.
@RandomUser (30)
• Bhubaneswar, India
2 Aug 22
Yes, I will never trade crypto again
1 person likes this
@aninditasen (15798)
• Raurkela, India
2 Aug 22
I don't know anything about trading and so don't invest.
1 person likes this
@yoalldudes (35040)
• Philippines
2 Aug 22
This is what happened to me in eToro. I leveraged and lost money so that I have to withdraw all the remaining funds. I will try again some other time but will try to be smarter.
1 person likes this
@RandomUser (30)
• Bhubaneswar, India
2 Aug 22
yes, never use high leverage unless you have lot of funds
@yoalldudes (35040)
• Philippines
4 Aug 22
@RandomUser Lesson learned it was quite costly LOL.
1 person likes this
@JordanLader (4611)
• Sparta, Tennessee
2 Aug 22
I wish I understood all of this lol. I want to get into stocks and bitcoin but I don't understand any of it
1 person likes this
@JordanLader (4611)
• Sparta, Tennessee
2 Aug 22
@RandomUser I think that what a lot of people find fun. That is if you actually understand what you're doing lol.
@RandomUser (30)
• Bhubaneswar, India
2 Aug 22
Thats a good thing
. Never risk losing money. Crypto market is unpredictable
. Never risk losing money. Crypto market is unpredictable1 person likes this
@luisga814 (6913)
• Quezon City, Philippines
2 Aug 22
Yes. I have my cryptocurrency also thru Coinbase. So far, it's still manageable.
1 person likes this
