⚠️ This lesson cost me a lot... Don’t repeat my mistake and lose your portfolio!
The mistake was: jumping into a trade (short) with way too much leverage, and without using a 'stop loss'. 📊
What happened?
The market is 'treacherous' and unforgiving, and in an unexpected moment, the price reversed against me hard. And due to the lack of a safety valve (stop loss), the result was painful: my entire portfolio was wiped out in minutes. 📈
The lesson I learned (and remember it well):
The stop loss is not your enemy that closes your trade at a small loss; it's your best friend; its only job is to protect what remains of your capital so you can stay in the game and make a comeback tomorrow.
A small request from my fellow traders: please follow me and support the post
$BTC $ETH $SOL
The mistake was: jumping into a trade (short) with way too much leverage, and without using a 'stop loss'. 📊
What happened?
The market is 'treacherous' and unforgiving, and in an unexpected moment, the price reversed against me hard. And due to the lack of a safety valve (stop loss), the result was painful: my entire portfolio was wiped out in minutes. 📈
The lesson I learned (and remember it well):
The stop loss is not your enemy that closes your trade at a small loss; it's your best friend; its only job is to protect what remains of your capital so you can stay in the game and make a comeback tomorrow.
A small request from my fellow traders: please follow me and support the post
$BTC $ETH $SOL