$KORU I bought the Korean index near the bottom at 13.48 yesterday around noon. It’s now at 14.8, already up about 10%. I closed my position at 14.4, but when I saw it wasn’t going any lower, I chased the rally again. I think it’ll keep rising and won’t pause until 18. If you saw my post and got in at 13.48, you’re now up about 10%—you could close one-third of your position and set your entry price as your stop-loss, leaving you with a zero-cost position. Then just wait for it to move above 18.
Lately I’ve had a bit of FOMO trading indices. It feels like playing a game: a few casual clicks each day and you can make thousands. But actually, choppy markets are where retail traders get their opportunities; when the market moves in one direction, retail traders often don’t dare get in! I put 10,000 USDT into very short-term scalping. At first, I only wanted to make a fixed 2,000 USDT a day, but the Nasdaq has recently been moving within a range of just 300 points a day, so I’ve had to place a few more trades 😂 Trading with high leverage like this is only suitable for taking a punt with a small amount of capital. Why? With high leverage and a small position, if you get the direction wrong, you’re willing to cut your losses. But if your position is too large, once you’re underwater, you can’t bring yourself to stop out. You may also miss a move in the opposite direction. Then, if you stay stuck in the trade for too long and the market reverses, the high leverage—and your reluctance to stop out—will eventually lead to liquidation. That’s why it’s easier to make money with small capital, while large amounts can actually make it harder.
Lately I’ve had a bit of FOMO trading indices. It feels like playing a game: a few casual clicks each day and you can make thousands. But actually, choppy markets are where retail traders get their opportunities; when the market moves in one direction, retail traders often don’t dare get in! I put 10,000 USDT into very short-term scalping. At first, I only wanted to make a fixed 2,000 USDT a day, but the Nasdaq has recently been moving within a range of just 300 points a day, so I’ve had to place a few more trades 😂 Trading with high leverage like this is only suitable for taking a punt with a small amount of capital. Why? With high leverage and a small position, if you get the direction wrong, you’re willing to cut your losses. But if your position is too large, once you’re underwater, you can’t bring yourself to stop out. You may also miss a move in the opposite direction. Then, if you stay stuck in the trade for too long and the market reverses, the high leverage—and your reluctance to stop out—will eventually lead to liquidation. That’s why it’s easier to make money with small capital, while large amounts can actually make it harder.