Today my Futures got liquidated... $68.24 wiped everything out 😢
Hey family,
This morning I got an email: "[Binance] SOLUSDT Liquidation Call" My heart sank. I didn’t understand what happened.
What happened? I was new. I took a Futures trade on SOL with leverage after watching YouTube. Thought 2x, 5x profit would come. The market dropped -4.16%. Binance sent an email: Margin exhausted. Position closed. Liquidation at $68.24.
Three mistakes I made as a beginner: 1. Didn't understand leverage - Thought only profits would increase, didn’t realize losses would too. 2. Didn't set a Stop Loss - Kept waiting thinking "It'll drop a bit more then go up." 3. FOMO - The market was red, still took a trade out of fear of "missing out."
What did I learn today? 1. Futures = a fast car. No brakes means guaranteed accident. 2. Only invest money that, if lost, won’t keep you up at night. 3. Spot + DCA is safe. Content creation is safe. I’m a Snapchat creator, not a gambler.
To be honest? I took a loss. It hurts. But I won’t give up. This was a lesson for $ . It will help me for the next 10 years.
Who among you experienced your first liquidation? How did you handle it? Let me know in the comments 👇 I want to learn from you.
BTC $75K to $62K... Market's red. What’s a newbie learning? 😬
Hey Crypto fam!
I was thrilled until yesterday - BTC crossed $75,000. Woke up this morning to a red market 🔴 BTC at $62,396, down -4.16%.
To be honest? My heart sank 😅 Thoughts like "What's next? Is my portfolio done for?" started creeping in.
Then I remembered what I wrote in my post yesterday: DCA + No FOMO.
Three questions from a newbie today: 1. Does a red market scare you or make you happy? 2. Is a dip a discount sale or a danger signal? 3. What do you all do during a dip? Do you buy or sit on the sidelines?
My lesson for today: In crypto, a 10% up, 10% down is normal. Being happy in green and scared in red is a rookie mistake. I'm learning to be patient.
I’m not an expert. Just sharing my feelings. What does your experience say about dips?
Let me know in the comments 👇 I'll read and learn from you all.
Hey there! I'm Asifa from Multan. I'm a creator on Snapchat - 925 followers, close to monetization.
I'm new to crypto. Today, BTC set another record at $75K+ Feeling inspired to write something 👇
Three questions from a beginner: 1. Should I buy now or wait? 2. After hitting $75K, will BTC go to $80K or will we see a correction? 3. What should small investors do?
Here's my strategy that I'm following: 1. DCA - Dollar-Cost Averaging, buying a little daily/weekly. Not putting all my money in at once. 2. No FOMO - I won't go all-in just because I think I'm "late to the party". 3. Learning - I'm studying charts, watching YouTube.
I'm not an expert. Just sharing my journey. What do you all think about BTC's next move?
Let me know in the comments 👇 I'm learning from you all.