When you have no knowledge of the market, then do not enter the position!

Someone sent me this and said; I saw that it was going down and when it reached the last point, I felt that it will definitely go up from here; I entered into the transaction with only 31 dollars and said that if it does not go up, only this 31 dollars will burn, but I slept at night and when I woke up the next day, I was at a loss of 140 dollars; I didn't say that now that it has gone down so much, it will definitely go up and then I will get out of the deal when it breaks even. But then I reached this amount of loss, what should I do now?

I said, when you don't understand what is an isolated position and what is a cross; What is leverage and how much should it be? You make a mistake, you enter into a trade, and when you do, why don't you put a stop? Now that you have gone to a thousand percent loss, you messaged me and asked?

What do you think I should give him? exit the transaction with the same amount of loss or wait for the price to return to his entry point; Leave a comment, maybe we can save him from being liquidated.