Without an understanding of how speculative markets work and without risk management skills, do not meddle in margin trading - this is the death of a deposit in 9 cases out of 10. The chance that you will become lucky who "guesses" all the pivot points tends to zero. September, according to indirect signs (including statistics), can become very "memorable". It will be a shame to fly out before the distribution phase begins, of what was collected at the bottom.
Precisely guessing the bottom is impossible, and it is not required, the average price of a position set is much more important. Look at the BTC chart for March 2020, those who recorded losses on those March red candles and left the market, how do you think they felt after a few months, and after 1 year? Depressed? Pain? Feeling like they've been dumped? I think they will remember that lesson for a long time. But among the main wave of new influx into the industry in 2021-2022, dealing with history will not be a critical percentage, and this is excellent.
Spot and risk management skills (read - own deposit) in tandem can give a good average price for taking a position, including with the possibility of gradual cancellation of the instrument in accumulation zones and during growth, which in fact has been happening for the past few months.
Spot trading gives you control over:
If you want to be a long-term investor – you are welcome.
Want to give priority to medium-term deals - no question.
Trade technical situations - all cards in hand.
No one will let you become a millionaire using margin leverage, this tool was created for completely different purposes, use your own thinking apparatus to understand for which ones, it is not difficult to do if you temporarily move away from thoughts about your own island and financial independence in a couple of months.
The main problem of losers lies in themselves, everything is simple - greed, don't be greedy, the market uses your weaknesses against you, that's why speculative markets actually exist.
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