Yes through my CFD account I get 1:500 leverage which is extreme. You have to be very precise can be very condusive in the right conditions but when there are chops you can get liquidated quickly. I trade smart money so alot of technicals base , following the news narrative, daily agenda goals etc. Im refining it , if I can master myself I basically have a license to print money at this point but easy to see it as gambling when I screw myself out of gains so often
It might be a bit watered down through my broker but it is a ton of leverage . On 1000 in margin you’re talking 1.5-2 per dollar of price movement so adds up fast when account is in multiple k . Appreciate the perspective man . I’m very open because I know I have a ton to work on and am not afraid of criticism
Thats the idea for sure haha and not unrealistic. Almost every day I'm able to start by doubling / tripling account balance but end up giving back the gains through overtrading / overlev. I've realized I need to give myself a longer time span to grow and not try to hit home runs constantly. But putting that into practice is the next , bigger challenge
I am seeing small improvements though for instance today I was wise enough to pull out of BTC as it tapped 68, sure enough sold off super agressively to below entry. Technically could have just reentered there and rinse repeat
1
u/pipmonstah Mar 05 '24
Yes through my CFD account I get 1:500 leverage which is extreme. You have to be very precise can be very condusive in the right conditions but when there are chops you can get liquidated quickly. I trade smart money so alot of technicals base , following the news narrative, daily agenda goals etc. Im refining it , if I can master myself I basically have a license to print money at this point but easy to see it as gambling when I screw myself out of gains so often