I got liquidated for two consecutive days.


The first time I played in the crypto world, I came in full of anticipation.
Then every time I would invest 1,000 and get liquidated.
After each liquidation, with my friends' guidance, I slowly got back on track.
I deposited 10k and gradually learned to control my position and set stop-losses.
Telling myself that money isn’t made by gambling but through reasonable positions and correct direction,
bit by bit, I worked my way out.
And so, in a month, I reached a high of 7,000 USD.
That was when my mindset went wrong.
I felt like making money was easy, as if I could earn 500 USD effortlessly.
I was deluded.
I forgot my original intention at the start.
I began to want to take bigger positions,
just like when I was reckless at the beginning—firing one shot after another.
On May 20th, I shorted 570 and entered with 10 contracts,
then added more as it went up,
adding until I had 100 contracts.
At this point, if I closed at 599, I’d lose about 2,000 USD,
but it could have been worse—more than that.
When it dropped to 590, I started to become arrogant.
Feeling I could hold on, I removed my stop-loss,
just out of instinct, I took it off.
I asked myself, “Are you stupid?”
It was greed that made me remove it.
Then it shot up to 612, and I still had about 2,500 USD in my account,
so I could have exited.
But I was irrational.
It was a feeling of “either I die or I survive.”
At that moment, I didn’t even think about closing my position.
I didn’t think at all.
Within 10 minutes, it hit 640 and wiped me out.
My first time being heavily leveraged and getting liquidated.
My mental state shattered.
For two days, I reflected deeply.
I realized that to survive in the market,
it’s not about getting rich overnight but about steady, long-term growth.
Even if I hadn’t been wiped out that day, I might have been someday in the future.
Next, I will try to start again with 100 USD.
If I can grow it to 20k USD, I’ll come back and share my insights.
If I don’t come back, it means I haven’t succeeded.
Keep going, future me.
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MarketStabilizationPil
· 2h ago
Buying 100 units with 7000u is too risky; you'll get exposed sooner or later.
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LovesEatingSquid
· 14h ago
Keep going 💪
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