Many people/I come to crypto for making so much money, But I am in loss now, I want to share some rules and mistake that beginner or most of the people make that is harmful for there mental and physical health.
3. never take leverage more than you can afford to hold for a night and sleep with no worry.
The psychological stress that comes as a result of being overleveraged cannot be compared with anything in this world. It is so draining emotionally. You can't eat, you can't sleep, every second your heart is racing and can even lead the individual to make rash decisions that could result in a significant loss of assets. Imagine still being required to pay a loan you requested when the market crashes. How do you repay? You request for a loan from someone else to repay the current loan. This is too much for anyone to handle.