Don’t be greedy in trading like me!

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Don’t be greedy in trading like me!

I’m gonna share my personal trading history with ETH futures here. I started trading crypto this year, Ethereum mostly. Over all, I did quite well apart from being down 25k on a 35k account in one trade lol. It got back however, and in the end of October I had a profit of 21k over the year which was absolutely amazing to me. Guess what, when the sell of started, I went more or less all-in with a little leverage (50 ETH to be precise), thinking it will bounce up again quickly as it did within the last weeks. It didn’t, so at the end I’ve been down 53k (!) and almost got liquidated. My liquidation level was 2598 USD and it went down to 2621. I felt like shit and was sure I’m gonna lose it all. For some reason, the market turned and with today’s profits I managed to get out break-even regarding my initial account balance. So I lost a little over 21k with just one trade and now I’m up 46 USD for the whole year. I know I got REALLY lucky not losing it all, it was incredibly close. I see it as a second chance not many people get, so pray for me that I’m gonna be more responsible the next time.

Yohan Harsha Answered question
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You started trading crypto this year, and you began with futures?
If this is a side account of money you won’t miss, that’s reasonable. If the account represents more than a small fraction of your net investible worth, then you, my friend, are (statistically) in for a bad time.

Bhanuka Harischandra Answered question
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