Quote from: LongBTC2Moon on April 02, 2021, 10:40:50 AM

Hi friends,

I am not a professional trader, all I wanted to do is earn some bitcoin so as to pay the potential income tax.
On 23rd Feb, I lost my 80% of bitcoin.
I should have managed risk better, but my worst mistake happened, when I had longed 3x. and I got scared during the dip.
I had lost 50% of my bitcoin in January but I think I got lucky, Elon musk pump helped me recover my lost bitcoin and earn 15% more.
Out of this 115% btc, 80% is lost.
I tried to recover from feb 24 and I was able to make 20% to double and make it 40%.
But being under tremendous stress, I overtraded and lost recovered btc and now back to 20%.
I thought of asking for some guidelines / help from some twitter personalities who are good traders, but I am afraid to approach, because they may think I am going to ask for some bitcoin or I am a scammer. Also I do not personally know any good trader who can help / guide with the strategy to recover my lost bitcoin.
By help I do not mean to give me everyday a trade setup or calls.
my strategy is to go very slow, buying the dips with 2x or 3x leverages and recover bitcoin over period of next 6 months.
I didn't do any revenge trades or high leverage trades to make it all back in one trade. This recovering is easier said than done.

Also I was thinking of selling a piece of land I own, buy some bitcoin and keep it safe in hardware wallet, not trade with it.
And slowly recover from my existing 20%. Or stop trading completely. This 20% is also quite some. so just stop trading and be content with whatever I have. and DCA in future.

Now I don't need to pay any income tax but also lost my bitcoin.
Greatly appreciate any words of wisdom, any help with the strategy to recover my loss.

The common lesson here is "Dont chase losses" this might be common on gambling but also with trading as well.Dont try to mind of too much on how you would break even or would profit because this will just
end up on affecting your own actions because desperation would always come next if you do have these things in mind.

I dont see the point on selling out a land because it isnt really worth for it to be sold.When you do deal with this market then you should be aware on the risk.

Secure when you do see gains and buyback when you do see opportunity.Dont get confident because if you would make yourself a bit careless on making
positions then it would really be having neither the odds of gaining or lossing.