Friend just got liquidated. Everything gone.
This is why you don't overleverage. This is why you use stop losses.
The market doesn't care about your conviction. It will wreck you if you're overleveraged without protection.
Position sizing > being right
Risk management > moon calls
Don't let greed turn a 20% drawdown into a 100% account wipeout.
This is why you don't overleverage. This is why you use stop losses.
The market doesn't care about your conviction. It will wreck you if you're overleveraged without protection.
Position sizing > being right
Risk management > moon calls
Don't let greed turn a 20% drawdown into a 100% account wipeout.