Post
Topic
Board Trading Discussion
Re: Lost 17500$ during recent downswing, Now completely broke.
by
Nhor1011
on 03/08/2021, 15:14:22 UTC
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.

Oh, that is so sad losing huge amount of money in just a moment in trading. Your experience is a proof how risky the trading is. It really needs proper knowledge and understanding specially in technical analysis. Or else, it will cause you a lot of loses and worst trading experience. I think after what happened to your trading, you need to take some rest first and analyse everything if how you will trade again with new strategy to make up for what you lost.