#MyGateTradeStory

I have many unforgettable memories, but some are not just experiences, but lessons.
One of the most instructive for me is:
My Gate Trade Story — BTC Futures:

“My ego, not my plan, was liquidated.”
January 11, 2024… The night of the ETF approval.
03:17 AM, I'm at home. The Gate app is open, my eyes glued to the screen.
Everyone in the market was on the long side. I also succumbed to the classic thought:
“Approval came, now the rise can't be missed.”
I opened a 20x long position.
Entry: 46,800
Target: 47,200
The price moved as I expected, even reaching the 48,900 level. I was in profit. But I didn't close.
Because at that moment, I listened to my ego, not my plan.
Then the famous market truth arrived:
“Sell the news.”
In just 10 minutes, the price wickedly touched the 46,000 level. I wasn't liquidated, but because I didn't set a stop loss, I manually closed the position with a loss of approximately -68%. That trade taught me this:
In the market, it's not enough to just be right.
You need to be right at the right time, with the right risk.
Since then, I have 3 rules for every trade:
1️⃣ Set a stop loss before entering the trade
2️⃣ Limit leverage to a maximum of 5x
3️⃣ Don't leave profits on the table
This wasn't my most profitable trade. But it gave me the most valuable thing:
Discipline.
Sometimes, the money you lose in the market is worth less than the experience you gain.