One big trading mistake I made was using high leverage without fully understanding the risk. I was tempted by the idea of quick profits, so I opened a 20x leveraged position on a coin that looked bullish. At first, it moved slightly in my favor, but then a small price drop wiped out most of my position. I didn’t use a stop-loss, thinking I could manage it manually. That was a huge error. The liquidation hit fast, and I lost nearly all the funds in that trade. High leverage magnifies both gains and losses, and in volatile markets, it can destroy your capital in seconds. I learned the hard way—never use high leverage unless you can afford to lose it all.
