I Tried Copy Trading with 75x Leverage and Lost $323 in Minutes

I Tried Copy Trading with 75x Leverage and Lost $323 in Minutes: Here’s What I Learned

Cryptocurrency trading isn’t the “get-rich-quick” dream it seems on social media. I learned this the hard way after trying copy trading with 75x leverage on Binance. In minutes, my $323 unrealized PnL vanished as the volatile ONDO/USDT market turned against me. Here are the key lessons I took away:

1. Leverage Cuts Both Ways: High leverage amplifies losses as much as gains—beware.

2. Volatility Is Brutal: Start with stable pairs if you’re new.

3. Copy Trading Isn’t Foolproof: Always research the trader you’re following.

4. Risk Management Is Vital: Never trade without stop-loss and take-profit strategies.

5. Control Your Emotions: Emotional decisions lead to costly mistakes.

Trading isn’t a game. If you’re starting, take it slow, start small, and learn the basics. Mistakes are part of the process, but they don’t have to cost a fortune.