Sometimes you win, and sometimes you learn. Today I share this ETHUSDT futures trade to remind the importance of having an exit plan and managing risk. ⚠️
This ETHUSDT trade closed with a loss of -91.52%.
My lessons learned:
Stop Loss: Never trade without a well-defined Stop Loss. Relying on the market to recover is a risky strategy.
Leverage: High leverage can amplify gains, but also losses very quickly. Lower leverage would have given me more room to maneuver.
Discipline: Sticking to my original trading strategy is vital, regardless of emotions.
Trading is a marathon, not a sprint. Tomorrow will be another day to apply what I've learned. Take care of your capital, community!