Lesson from Loss: The Importance of Timing and Strategy in Trading
In the world of cryptocurrencies, success is not measured by the number of trades, but by the quality of decisions made in each trade. The image above shows the result of a buy trade for 1000SATSU/USDT, where the entry was at a price of 0.000064 and the exit at 0.000063, resulting in a loss of 12.960-.
Although the difference between the entry and exit price seems small, in the world of leverage and trading volume, these small differences translate into significant losses.
Potential reasons for the loss:
Entering after a strong rise, meaning buying at the peak.
Absence of an appropriate stop loss.
Weak capital management.
Lessons learned:
1. Do not enter a trade just because the price is rising; watch the technical indicators.
2. Do not underestimate the importance of stop loss.
3. Use a clear plan for risk management.
In the end, loss is part of the trading journey, but learning from it is what makes a successful trader.