Obviously leveraging can work , as with the guy referenced above who has made $ 6 million relentless buy Ethereum on leverage since December 2016 .
I take out the rare leveraged position at Bitmex Exchange .
It can also go horribly wrong when margin calls occur across the mass market .
That said , those who lost everything were not the brightest traders . They could have avoided that by using judiciously set Stop-Limit orders , rather than plain Stop orders .
So that is the Ten Rules .
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Rule 10 Be Careful as Hell with Leveraging
Obviously leveraging can work , as with the guy referenced above who has made $ 6 million relentless buy Ethereum on leverage since December 2016 .
I take out the rare leveraged position at Bitmex Exchange .
It can also go horribly wrong when margin calls occur across the mass market .
That said , those who lost everything were not the brightest traders . They could have avoided that by using judiciously set Stop-Limit orders , rather than plain Stop orders .
So that is the Ten Rules .
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