#Binancelunctakeover #binanceisthebest $BTC
LEVERAGE IS A POISON
At the onset of their crypto journey, many beginners delve into leveraged trading, believing they can make significantly larger profits, overlooking the fact that they can also incur much larger losses. Leverage will only lead to losses, trust me. Even if you may win some trades by chance initially, believe me, you will eventually surrender your profits to the market and incur much greater losses thereafter.
Don't assume you're a trader after watching a few technical analysis videos; technical analysis alone won't suffice. You need psychology alongside it, and it's the psychology that will make you lose. It may seem abstract at first, but believe me, those who have experienced it understand exactly what I'm talking about.
At the slightest loss, you'll panic, try to make up for it all, and that's when you'll start making mistakes. When you're in a bad period, it's a vicious cycle akin to a tornado. You won't emerge from it until you've blown your account, believe me. Don't even try to get into it; you have everything to lose and nothing to gain.
There are three actors in the futures market: the exchange (Binance), the institutions (Blackrock, Microstrategy, investment funds...), and you. And guess what? You're the only one who loses in this game because the other two have the means to make you lose. Do you really think you can win against these people with your few thousand dollars invested? You're completely dreaming. Forget leverage.
