leverage trading, some thoughts..

Facts: Trading with >50x leverage (BTC) is not profitable if you have less than $10,000, in the long run (if you are not careful and don't know what you are doing and the reason behind it). Worse if you watch youtube videos telling you where you should place your long/short. Your actual leverage is the percentage of your total capital. If you enable 100x leverage and you only buys 0.01 BTC, your leverage is very low.

Risk Mangement: You are in huge risk if the trade you take goes your way and your position size is too small, you can use 1%/2% of your capital and let the thing run, but you won't get anywhere, it's just a matter of time before you lose all your 1%/2% gains and some in one bad trade. Always add to your winner, this is how you protect your capital.

Diversification: You don't want to do this if you are trading by yourself with leverage on your smart phone, you will always find a coin that will drag down your performance, focus and understand 1 coin, BTC is your best bet, with the same capital it's the most profitable. You can use 75% of your capital without leverage and 25% on leverage, this will be your diversification. You blow up 25% leverage account, take a break and let your 75% regain your loss.

Taking Profits: If your entry is good (as soon as you place that trade it's in profit and 4 hours later you are still in profit), you don't take the profit within the day, if you see a small dip and you immediately take profit, you will never be profitable. In fact, setup a stop loss at breakeven (including fees), you will either don't make any profit, or you let it run until the profit is significant or you see an obvious trend reversal. (take short position if you think price will drop without closing your long and have your short position's stop loss @ breakeven including fees)

Adding to your Winning Position: When your long position is in profit and the price has gone up more than 5%, add to your position on the next dip, re-adjust your stop loss. If it goes up another 5%, add again and re-adjust stop loss. (you can add more but if price already surged 15%, you should start thinking accumulating short positions. whales always accumulate short before they pump the price up, that's why you always see a dip before pump.)

Deleveraging: When your position is in loss, you should reduce or close your position, adding to a loss only garantee disaster, if it's not this time, you will get caught, and you only need to get caught once to blow up your whole account. If your long position is in a loss, never open a short position of the same position size, because you will often notice that as soon as you close your short, price drops further, your loss resumes, you short again, price goes up, you close your long, and the price keeps on going, you long again...This will eventually lead to your long position at resistance level and your short at support level, and worse yet, you close either position, if price goes against you 1 bit, you have no capital to open position to hedge, then you blow up.

Revenge trading: You just lost $500 on a trade and you want to get it back fast, like right this minute, you immediately traded again (often with even larger position). To be fair, you could get your $500 back, you may even make a profit, but once in a while, you're gonna get it wrong, it only take 1 mistake to blow up. This mentality is what will get you rekt, NOT what trade you take.

How whales play the market: Whales know that after a certain point their long position is in huge risk, this is where they start accumulating short position and start testing upward strength, if the strength is weak, they will sell their long position causing the price to tank, their short position will be in profit, whether they take this profit or not really depends on price level. They only sell all their long if price is too over-extended PLUS when there is a significant good piece of news (usually 1 day prior). And their short position will be in huge profit, when they close their short, you will see a very long wick. their long position often have already planned where they want long before the major dump. Short position will be planted as price moves in the upward direction. Thus the wychoff.

How you should navigate: Never rush into a trade, when there is no significant news, if price suddenly drops by 1 or 2 percent, you should never short that, because it's just a short accumulation. The higher the price goes, you will notice such sudden drops a little bit deeper, as they need to bring their average short position up, whales always pump price, when they don't and price is over-extended and slacking and volatility increases (goes up a lot and comes down a lot frequently), be careful.

In trading, you are a detective, you need to find clues, and place your trade carefully, anyone can place a trade, but not everyone can think straight in this game, if you rely on others to tell you when to short/long, you should never use leverage, at best you can try leveraged tokens if leverage is important to you. The majority of time in trading you should be spending is reasoning, placing trade without even thinking about the consequences will eventually get you rekt. If you miss out on a good trade and force yourself in afterwards, prepare to stay awake through the night, not a good idea.

Hope you prosper.