Sharing a profound trading lesson. On SPACEXUSDT, I shorted at 1672 based on valuation judgment, firmly believing that 2000 was a resistance level. However, the market moved far beyond expectations, with the price soaring to 2155, causing my 10x full-position short to initially lose -285%. This experience made me realize that in the cryptocurrency market, fundamental logic often gives way to market sentiment in the short term. Going against the trend with high leverage and holding on is an extremely dangerous combination. Although I am currently experiencing significant unrealized losses, it has also made me reevaluate the importance of risk management. Trading is not just about predicting market movements; it’s about managing risk and human nature. I hope everyone takes this as a warning, strictly set stop-losses, respect market trends, and avoid blind confidence. #Gate Plaza May Trading Share #CLARITY Bill passed by the Senate

View Original
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned