I only do 5x-10x leverage which is why I still have a few left to trade but still, these losses are just so discouraging. I've been in groups about trading but instead of learning I get ridiculed.
If you do not have the ability to analyze market patterns, it is not recommended to trade leverage because it is very risky, you better learn to trade properly and practice for market accuracy in spot trading. I even prefer spot trading to leverage trading because it is very risky to lose margin when market conditions are volatile.
You are right. Leveraged trading is more difficult than spot trading because when the market moves against our position, we have already experienced a loss, and it will get bigger if we don't know when to close the trade. But it's different from spot trading because when the market moves downwards, you do lose in value, but you don't pay for the loss, and you can get back in profit when the price goes up again. It is better to try spot trading first and get the hang of it before trying leverage trading.