Trading any derivatives market (not only crypto) with high leverage should have been viewed as a job; if you decide to trade instead of just passive investing, you can view it as starting your own job. /cont
There are two essential problems when it comes to trading. 1) You are getting spammed 24/7 with success stories of others 2) You are on your own sitting naked at home most of the time.
This can lead to the urge of "speeding up" the whole journey, but same as starting any other business, it's not smart to just wake up one day and be like "fuck it, I'm just gonna yolo send it here and hope for the best"
Another thing with trading is that I hate to break it to you, but you could probably teach 10 year old doing simple technical analysis and being able to spot some trades, because of that you will be wrong a lot and lose money a lot.
This is fine because if you can apply proper risk management and every time win just a little bit more than losing you will make it, not one trade, but in the next 1000 trades.
Trading is hard, it is mentally draining and can bring the worst of us, that's why the vast majority lose money, not because of leverage, exchanges, indicators, but because of greed and lack of determination and not knowing what they are doing.
Margin trading is not the only way how to make it, especially now in crypto you have so many options, its safe to say margin trading might be one of the hardest way of actually making it and you should always remember that your job as a trader is to show up tomorrow.
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