Stealing this quote from Elon Musk who at the time was commenting on the rise of $BTC.X .

I’m talking about the rise and fall of $GME and it’s WSB champions. The entire move in the stock reminded me of my first time trading forex at age 18. At first delighted by the potential of leverage at my fingertips the only thing I didn’t imagine were stop losses or profit targets. All it took was an unwarranted missile test from North Korea off the coast of Japan to liquidate my account back to $0... Investing lessons are rarely cheap and with the rise of options and high margin accounts these lessons can really punish you. More than ever it’s important to understand how to manage ones position. I plan to spend much of 2021 less focused on finding asymmetric market opportunities and instead improve my technique as a trader.

If anyone has any recommendations for learning the most efficient and effective ways to enter and exit trades manage margin and risk- I’d love the recommendation. We can use this thread for other recourses of this kind if people find it useful.