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.
#BinanceSquareFamily #DeXeJumps70%In24h #BTC走势分析 #SolanaUSTD #CryptoPakistan #BeginnerMistakes #SpotIsSafe
#LearningFromLoss