You are completely right, I'm definitely not a skilled trader yet, just been lurking for some time
I am just playing with around 2k, and I only buy in trends + when I see clear candle patterns and with the info from this website and telegram. So most of the time I only make "safe" (I know it is almost never safe") trades. But then I discovered leverage trades, made some good money, adrenaline was pumping, got overconfident (also the drinks did not help) went long just as it was turning (Still have no idea where my logic went).
I am aspiring to become a full skilled stock trader, BTC just happened to come on my path and with little money you could still easily make a couple of 100 bucks. Also the idea of using it as long term savings account looked great since in Holland I get less then 1% growth in a year... Also since the laws for bitcoins are still in a grey area you can do a lot of fun things with it (currently writing a coin buying and investing website with ideal support for a select amount of people). The API's in general are funt to work with as a programmer so it gives me some incentive to work.
As soon as I get that website up and running and have some more funds I'll start opening up a proper broker account and reading into where to start there...
This is getting a bit off topic but any suggestions on where I can start even with a low amount off funds. Probably best not to post it here.
TLDR;
Lost all my earnings and a chunk of my 2k due too leverage and intoxicated, slowly getting it back. Also do want to get into normal