The first lesson when stepping into Binance.

When I first started to know about cryptocurrency, I was more clueless than a lost cow, only buying a bunch of meme coins like Pepe, Shiba, MegaDog, Doge, etc.... also following FOMO to buy usual coins, in the end losing 1000$ . Then I heard that going long or short also meant betting 100$ and burning an account of 700$ . After that, I learned about cross and iso modes... then I traded with x20, x50 and it seemed to go quickly... still losing another $1000. Now I realize that going long or short is like playing dice. If you want to go long or short, then only x5-x10. Don't hold a loss more than double your capital. For example, if you go long with 50$ , you should only hold an additional 100$ when in loss. If it's more than that, let it go. No one goes long or short and wins 10/10. You must know when to let go of necessary orders. The most important thing is to have discipline to stick to the plan. If you let your emotions take over, you'll lose everything… #btc #usual