Arent the risks a lot higher with leverage?
There is risk in all stock market trading. But primarily the volatility, not the risk, is higher with leverage. The risk level increases only if you follow the plan briefly or inconsistently, or if a rare cataclysmic event occurs that causes the market to crash (in such cases the stop-loss orders may be ineffective). Remember, you will have both winning and losing trades. And over the short-term, the plan can potentially show a negative return. But over time, the winners should be both bigger and more frequent than the losers. And therefore if you stick with the plan you are likely to compound your investment(s) into the wealth you desire.