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55705897 No.55705897 [Reply] [Original]

Why did I stop DCAing and trade away my entire stack with leverage

If i just kept DCAing I’d still have my stack and would have more than I had


Now I have nothing and my only choice left is to keep playing with leverage

>> No.55705913

>>55705897
you must have been using a lot of leverage and trading a lot. If you're going to use leverage never use more than 5x and there's really only once a month or every couple of months when you can make a really good trade, most of the time it's just crabbing. (Bitcoin that is)

>> No.55705915

>>55705897
Because you listened to poorfag /biz/tards and NEETs who don't have any income to DCA in the first place so have to unironically buy sonicmariokissbitcoin100kinu or 100x leverage bitfuck on Binance.

>> No.55705944

>>55705897
tell me more anon, I wanna hear more venting.

>> No.55705972

What does dca mean

>> No.55706004

>>55705915
I didn’t think I had enough bitcoin to make it in the next bull run (I had 4 bitcoin) so I tried to leverage trade the 4 Bitcoin to 10 and lost it all

>> No.55706032

>>55706004
Holy fuck you're retarded. All you had to do was trade your bitfuck for ETH or some combination of BTC/ETH/midcaps and you would have made it.

>> No.55706054

>>55706004
>loses 120k leverage trading
Man, no matter how shit my life gets at least I’ll never be this much of a loser. Feels good ngl. Thank you for reminding me how much better I am than you

>> No.55706064

>>55706004
I'll bet you were up at one point

>> No.55706085

>>55705972
Dollar cost averaging - invest the same amount of money each week or month.

>> No.55706093

>>55705972
it's like doxxing, but instead of giving away personal information, it just lets everyone know you're retarded

>> No.55706113
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55706113

>>55705897
Because the guys that want it all. Chicas! Champagne! Flash! They don't last

>> No.55706123
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55706123

>>55705897
>to keep playing with leverage
Read this book - the rest of your financial life is probably as abysmal as your crypto investing.

Dave's book is the Red Pill for money.

>> No.55706193
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55706193

>>55706113
Frank was right about Tony, but frank did not make it either. Getting out, when your ahead, is not the same as getting out.

>> No.55706348

>>55706004
You probably weren't using enough leverage. That's how they get ya

>> No.55706835

You’re supposed to short when it looks like it’s an obvious long and go long when it’s an obvious short

Case in point: look at BSV, it was an obvious short for the last week as it was crabbing but suddenly pumped, because a bunch of people got into shorts on BSV in the past week and the exchanges need to liquidate those people so they pumped it 10%