#TradingMistakes101 When I started in this trading world, it was quite an experience... seeing how money was generated, studying averages, entries, and exits instantly, I knew nothing about this and let me tell you something, I am a trader made the hard way... I started with $ETH and developed a mental math of its averages.
I started with spot and reviewed all the functions, even which one costs me more in changes and if there is a difference between one and another (LIMIT, MARKET, and CONVERT)
Then I tried futures and at the beginning not much happened, I even lost 10 dollars in just one month and I thought it was fine, but I started increasing leverage and tried to trade LINA at just 20x and for 3 seconds I was winning but I didn't set a stop loss, so in 20 seconds it turned around and not only that, it caused my first margin loss of more than 20 dollars and I started with 35 😅 it was a 😮😨😢 "NO way"
After that, I started to research everything and while reviewing I learned so many things about this market that I said I AM GOING TO STUDY.
My advice: "Fast and Furious 1... don't step into the ring if you don't know how to box"
Before any investment, even if you are winning, learn first and educate yourself.
