I'd like to share my thoughts over day trading (10x, 100x etc.) and long term trading. Dear all, it is scientifically proven that your success over the day trade is 50% in a day. Win or Lose. I don't recommend you day trading especially in #crypto. You can make 30k a day and may
lose 45k in 2 days. You see the 80% of the traders are losing money. But if you extend the trading duration on CFDs, 20% gainers would become nearly 0. Your gains would be even negative. I know there will be people poping-up and say, no you can gain but
it depends on your discipline, persistence etc. But that is only the machines can do in day trading. I recommend you to read a book: " #Fooled by the #Randomness" to improve your understanding over trading. Your change of gaining money in one trade in the long run (1year) is 90+%.
I will give you an example: If anyone is trading #XRP over CFDs then there are 2 options 1 u can be rich, 2nd u can be poor. However, if u'd opened a trade 6 months back w/out touching it, you'd have gained 700% i.e. on #XRP. You increase the chance of winning with patience.
If the one can't afford to wait over the daily trade to maintain the margins where he/she can't because of the system that triggers your human feelings to go always more, it is impossible to gain money in the long run. That's why we say patience is the key. If you cant wait long
enough in any platform, you cannot win. Even if you won, by chance, the probability of losing it with another trade by chance is highly likely. Therefore, if you are controlling your money daily and over-trading you are not doing things right. Always remember: Patience is the KEY
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