Building wealth in trading slowly, or fast through the use of leverage

[Fivestar4everMVP]

Hi ya all, I just want to find out from you guys which is proven to be more effective overtime, or is it completely about who's lucky and who's not?

I am talking about choosing to build wealth slowly through the use of low leverage while trading...
And also choosing to join the fast lane to building your wealth by the use of high leveraged trading..

You know, someone told me that Trading is like owning a fast car, and you are to travel on a journey, you have a destination (goal), and maybe there is also a set time at which the event happening in your destination starts so you need to be there on tim (a set time to achieve your goal)..

While on the trip, you can choose to drive slow, or drive fast...
Drive slow - you have a better chances of arriving at your destination safely but you might be late..
Drive Fast - you have a better chances of arriving at your destination really early, but you might crash on the way even before you get to your destination.

Liken the above analogy to trading...
Leverage is your fast car , while trading, you can choose low leverage (slow speed), or high leverage (fast speed) both have their advantages and disadvantages, but I want to know, between this two, which guarantees better success rate overall and overtime?

[Stuart]

There is a saying that goes Slow and steady wins the race and another says Fast and consistent will always beat the slow and steady of which they are both true. But when it comes to trading, there are precaution measures that must be looked out for, and this will determine if the journey ends successfully (for both fast and slow/low and high leverage) or there will be accident on the way.

If there is no competition between these two traders or a certain target placed to be reached within a stipulated period of time, the slow/low leverage is safer, which will prevent blowing up the account or having accident on the journey embarked on.

Both newbie traders and professionals can use any of these two, it only depends on how good and fast the person can be to make his/her moves in every swing the market will throw on the way. For me, I will use the slow/low leverage, to avoid blowing sky-high my account.   

[Rruchi man]

Drive slow - you have a better chances of arriving at your destination safely but you might be late..

There's one thing I know for sure: there is no latecomer to success, and at any point when you become successful, there will be individuals who are there to congratulate you. You do not need to be in a hurry to become successful from trading, especially as a new trader, by choosing high leverages.

Slow and steady can still get you there.

[Bobcrypto]

Hi ya all, I just want to find out from you guys which is proven to be more effective overtime, or is it completely about who's lucky and who's not?

I am talking about choosing to build wealth slowly through the use of low leverage while trading...
And also choosing to join the fast lane to building your wealth by the use of high leveraged trading..

You know, someone told me that Trading is like owning a fast car, and you are to travel on a journey, you have a destination (goal), and maybe there is also a set time at which the event happening in your destination starts so you need to be there on tim (a set time to achieve your goal)..

While on the trip, you can choose to drive slow, or drive fast...
Drive slow - you have a better chances of arriving at your destination safely but you might be late..
Drive Fast - you have a better chances of arriving at your destination really early, but you might crash on the way even before you get to your destination.

Liken the above analogy to trading...
Leverage is your fast car , while trading, you can choose low leverage (slow speed), or high leverage (fast speed) both have their advantages and disadvantages, but I want to know, between this two, which guarantees better success rate overall and overtime?

As a matter of facts, there is no hurry in life, and just like the saying goes, " Rome was not built in a day", Slow but steady wins the race.
Now, just like i have mentioned, a trader with low leverage is my preferred trading strategy, this is because there are bound to be uncertainty on the crypto market at intervals. The unexpected may happen, for example, market dumps, a situation which almost all traders/investors never considered when taking a buy positions are there as the biggest trading/investing risks over times.

In a nutshell, the low leverage trading guarantees greater success rates overtimes.

[jeraldskie11]

Hi ya all, I just want to find out from you guys which is proven to be more effective overtime, or is it completely about who's lucky and who's not?

I am talking about choosing to build wealth slowly through the use of low leverage while trading...
And also choosing to join the fast lane to building your wealth by the use of high leveraged trading..

You know, someone told me that Trading is like owning a fast car, and you are to travel on a journey, you have a destination (goal), and maybe there is also a set time at which the event happening in your destination starts so you need to be there on tim (a set time to achieve your goal)..

While on the trip, you can choose to drive slow, or drive fast...
Drive slow - you have a better chances of arriving at your destination safely but you might be late..
Drive Fast - you have a better chances of arriving at your destination really early, but you might crash on the way even before you get to your destination.

Liken the above analogy to trading...
Leverage is your fast car , while trading, you can choose low leverage (slow speed), or high leverage (fast speed) both have their advantages and disadvantages, but I want to know, between this two, which guarantees better success rate overall and overtime?

As a matter of facts, there is no hurry in life, and just like the saying goes, " Rome was not built in a day", Slow but steady wins the race.
Now, just like i have mentioned, a trader with low leverage is my preferred trading strategy, this is because there are bound to be uncertainty on the crypto market at intervals. The unexpected may happen, for example, market dumps, a situation which almost all traders/investors never considered when taking a buy positions are there as the biggest trading/investing risks over times.

In a nutshell, the low leverage trading guarantees greater success rates overtimes.

I don't think if there is a really an advantage for low leverage trading if we compare it to high leverage trading. You can calculate how much money you will risk no what the leverage is. That's what I learned in trading, before I wonder why some traders chose to use 50x leverage than to 5x leverage. 50x leverage is far attractive than those 5x, they just don't know the fact that when their stop loss got hit, they just losing the same amount of money. In other words, they just making the same profit, so for me it doesn't matter whether you choose high leverage or low as long as you manage your risk.