I've been at this for 4-5 months and I've burned 3 accounts.
First, I burned a $20 account, all because I wanted to quickly turn it into $100 using high leverage; I wanted to feel like those who claim to earn hundreds every day.
Then I put in $30 and started studying, and there I learned things like managing my emotions, consistency, and discipline, but it seems I didn't study enough because I burned it little by little with 25x-30x leverage.
Once again, I tried with $30 and doing almost the same as before, I noticed something. All new coins always drop drastically after their launch, and I wanted to take advantage of that. I waited for a new coin and convinced of this new "strategy," I put everything I had into several trades with considerable leverage, doing something like a grid by placing trades on the big drops that happened after bouncing back from some of them.
It worked very well for me; I made $250 in one day with $TREE .
I felt like a genius, like the new market promise who, after just 3 months, multiplied his $30 account by 10.
Since I felt so confident, I forgot how I lost my previous 2 accounts.
In my eagerness to make at least $30 daily, I put in even half of the total account into trades with 25x leverage.
In one of those trades, I lost $110 and felt like my world was collapsing; I wanted to recover it at all costs and put everything else into another trade. I ended up burning my $310 account up to that point.
Now, after all that and 3 burned accounts, I hope I've learned enough to control my emotions and at least be able to say that I've improved my trading strategies during this time.
Here in the image, I lost $13; it was painful, but I don't intend to let my emotions take over. Everything I lost, I will get back, but soon, not today, and perhaps not tomorrow either, but with patience, I will have it.