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!
Sad stories or wrekt experience is something been casual already on this trading market or topic where there are people who do lost up big time just because of having wrong perception which do end up on wrong
position or trades which it did really cost them big.
Going 100x is suicide..I do only touch up futures with 10x and wont get past on that number and thats the only percentage where i can took up some risk.You would really be basically messing up your life.
Invest or trade on the amount you can afford to lose because you wouldnt know on what would happen next.