Sirwin
Sirwin

Lost all by daytrading(with leverage)

By diamondstonk | AnythingCrypto | 27 Mar 2023


For daytraders, Arbitrum seems to be a good playground for now. Being only a couple days since the airdrop, volume and volatile seems to be in a good position to for trading activities. So i jumped in.

 

I have tried a couple of trades with a very small amount with 50x leverage. First couple of trades brought me about some profit in about one hour and a half. But then later the same day I lost all of earnings in addition to seed money, wiped due to high leverage I used LOL. 

 

For highly skilled professional traders with strict discipline and experience this volatile market may be a good playground but it is not a good idea for amateur like me to daytrade in this market and definitely not wise to use high leverage. So beware when you trade! 

 

Photo by Maksim Romashkin: https://www.pexels.com/photo/hill-over-city-in-black-and-white-13748603/

 

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diamondstonk
diamondstonk

Publish0x, blog, crypto


AnythingCrypto
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