#ShareYourTrade 5 Brutal Lessons I Learned**:
1. **Leverage Is a Double-Edged Sword**: It amplifies both profits and losses. 75x leverage sounded exciting, but when the market flipped, my margin ratio tanked, and liquidation loomed.
2. **Volatility Is Unforgiving**: ONDO is highly volatile, and those rapid price swings wiped out my trade. Beginners, stick to less volatile pairs if you want to survive!
3. **Copy Trading Isn’t Foolproof**: I blindly trusted a trader's past performance, but I didn’t account for their risk tolerance—or my own. Research is key before copying anyone!
4. **Risk Management Is Key**: I had no stop-loss strategy. Rookie mistake! Set your stop-loss and take-profit levels before jumping into any position.
5. **Emotional Trading Will Ruin You**: Watching those unrealized losses grow made me anxious. I held on too long, hoping for a turnaround that never came. Emotional decisions will almost always end in disaster.
**Advice for Beginners**:
- **Start Small**: Don’t risk more than you’re willing to lose. Test the waters with smaller trades.
- **Avoid High Leverage**: Leverage can be tempting, but it’s a disaster waiting to happen for inexperienced traders.
- **Learn the Basics**: Understand margin, leverage, and liquidation before you even think about trading.
- **Have a Plan**: Set clear goals, entry/exit points, and risk limits before opening any position.
Trading isn’t a get-rich-quick game—it’s a marathon. Don’t repeat my mistakes. Learn from them, and trade wisely! 🔥