Quote from: DarkDays on Today at 09:39:06 PM

Quote from: iamwithyou on January 13, 2021, 04:10:33 PM

Though I lost so many times earlier but this one is bit tough. I was bearish on bitcoin when it was around 30000$ but it went up and up and touches 40000$. I lost around 1000$ and I was ok but I do not know what happens to me suddenly in the heat of the moment I decided to go all in with 100x leverage, with no technical analysis nothing, as I was sure about bitcoin reaching 50000$.
And that is it all my bankroll which I build from 350$ vanished my hard work of 6 month gone.
Now I am broke. But I know I will build my bank roll again over the course of few months but oh man this is tough.
I hate this feeling. Guys no matter what don't be impulsive in trading.

This is why I say that trading isn't for everyone. It requires skills as much as it requires patience. You never go on leverage when you're not sure of the market, and never do it with 100x.

The reality is that people will nonetheless try it because they want that quick money but it is stories like this that puts the risks in perspective. It is tough to lose it all but you've got a valuable lesson out of it, and don't forget you made the money once you can do it again!

^ Definitely right and I must agree with your point of view. Trading is required skills and knowledge and this is not an easy way of getting profit. When you see that the market suffers losses because it is in a bearish situation. You can take a break in trading or just do a little scalping while waiting the price will surge back. If you don't have enough skills on this, I suggest you pay attention to the investment process which is a very simple way of making a profit once you have patience holding on to it.