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When can I open a higher leverage, such as above 20?
Leverage actually depends on the size of your assets
Suppose you want to earn 100u, is it easier to earn 1% of 10,000u or 10% of 1,000u?
Some experienced investors may think this is nonsense and they all know what Tadakatsu Honda means.
But what many people don’t know is that trading systems can be divided into two types, one is [technical system] and the other is [mental system]
The technical system is that most traders have learned a lot of technical indicators, naked K trading, turtle breakthroughs, K-line patterns, etc.....
Although your skills are strong, your mind is a factor that affects your decision-making!
Assume that the current pie is 80,000, and your strategy has sent out a signal to enter the market with multiple orders at the moment, but your brain tells you that this is very dangerous, so you will have questions about this signal.
When the price continues to rise and reaches 90,000, your strategy shows a signal to close a long position. At this time, your mental system may tell you that it is likely to continue to rise, so you try a long position and the result starts to go back!