#MyGateTradeStory $BTC


I am an ordinary trader in the world of cryptocurrencies, not an expert or professional. Today, I want to share with you the biggest trade I lost significantly. At that time, the market mood was high, and a meme coin rose from 0.0548 to 0.1329, meaning the price doubled over 72 hours by 2.4 times. I entered at a price of 0.0821 and added leverage. After entering, the price continued to rise, reaching 0.1329, and my account made a noticeable temporary profit. But I didn't realize profits; I always thought, "This isn't the end, at least it could double." But the result was that the price dropped directly from 0.1329 to my cost price of 0.0821, then fell further, and my trading positions were liquidated. That moment of despair, I believe many futures traders have experienced it. And worse, another coin called KAT, which I bought at 0.0064, I saw that support was about to break, but I couldn't sell, and finally I sold at 0.0052, paying the price with debt after increasing my position size. Later, I reviewed all the data and discovered a painful lesson: big losses don't come from a sudden drop once, but from every time the market rebounds and you increase your position size. The most dangerous thing in the market is not the sudden decline, but that after every drop, there is always hope for a slight recovery, making you believe that "the pullback is an opportunity." And so, the cycle of increasing positions and bearing losses repeats, and eventually, the losses turn into an endless pit.
BTC-0.35%
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