I need some honest advice from experienced traders. 🙏
I started trading on Binance Futures about 20 days ago. Before that, I knew almost nothing about trading. I started with $75 and made around $41 profit in my first week.
After that, I deposited another $200. A trade was opened without a Stop Loss, and I lost almost all of it. Later, hoping to recover my losses, I deposited another $600, but unfortunately I lost that as well through several trades.
In total, I have lost around $975, and I now have only about $11 left from my savings.
This experience made me realize that I made a big mistake by trading with real money before learning the basics of risk management, leverage, position sizing, Stop Loss, and proper trade management. Now I don't want to chase my losses or make quick money. I want to learn trading properly from the beginning.
What would you do if you were in my position?
Should I completely stop trading for now and focus on learning first? Or, after gaining enough knowledge, is it reasonable to start again later with a very small amount and low risk?
I'm not looking for profit guarantees. I just want honest and realistic advice from experienced traders so I don't repeat the same mistakes.
Any guidance would genuinely mean a lot to me. 🙏$AAVE $HYPE $BASED
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New week, full throttle—starting point for breakthroughs! Focus on the goal, quicken your steps, be brave and go all out! Believe in your own strength, and let every effort become the power that propels your career upward!😊