Exactly! when I was new in leverage trading the first mistake I made was using high leverage because of that I lost a lot of bitcoin it's only later I understood higher leverage equals lower liquidation price. We should always take ladder entry with low leverage IMO. Also, do not just blindly open a position without understanding the market.
Sometimes leverage system is a good for someone who just have small money. Yeah, I often see some youtube channel who provide that he got $900 just in one day with he spent $100 for his capital and yeah that is a crazy thing. And otherwise, I follow the rekkt whales telegram group and in one day I always see that there are a lot of investor (most likely whales) who just lose at least $100.000 for their trade. I don't if I were them maybe I will go crazy if I lost $100.000 just for trading. You are right mate, leverage system is not deserve for newbie trader who just blindly open and may tend to be greedy.