How to Get Wrecked Trading Cryptocurrencies

1) Open an account on JaFX.com and trade with 500:1 leverage

2) Go short or long and let it ride until it hits the sell/buy price point or you get margin called (no worries - you WILL get margin called and lose 70% or more most likely in a matter of minutes)

3) Only do market orders and be too impatient to wait for confirmations of breaking the trend

And this, ladies and gentlemen, is a real life story of how I just lost 1.1k in one day despite having a decade of successful stock trading experience. Yes, it's been a bad day.  I am now taking a one year break from day trading and going to focus on finishing my degree and running regressions on cryptos and stocks. Good luck out there and please DO NOT follow the above steps.