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Let me share my trading experience. The past two days have seen a significant drawdown of 20%...
In April, I got liquidated for $2,000 by rave.
In May, I slowly traded from $145 up to about $1,800 a few days ago.
Maybe I've really hit a bottleneck.
Then, over the past two days, my operations became completely distorted, not following my own trading system.
I opened in the right direction and had floating profits, but I didn't take partial profits and set a breakeven stop-loss.
The result was that after waking up, the crypto market took a hit—BTC went from $63,000 to $59,000.
Watching my floating profits turn into floating losses, I was terrified of getting liquidated and had to cut my losses for a stop-loss.
I still want to tell everyone: respect the market. When you have floating profits, always take 50%–70% of your position first. Leave the rest to run with the profits. Setting a breakeven stop-loss is the most important thing. You must respect the market. Protecting your principal is the most important thing.
I won't trade futures for a while. I plan to lay out spot positions and hold until next year.