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 really a huge and extremely stupid mistake, even if I am bullish on my life that bitcoin will reach 50k still I would not go for 100x leverage because of the very simple fact of fluctuations. We all know that how much bitcoin fluctuates, and with 100x leverage, your liquidation point must be just around 40-50 points below the current price, which means you gave zero breathing space to your order. I hope this lesson remains in your mind forever, the only holy grail for making money in this market is protecting your capital and keeping risk minimal. Impulsive trading isn't trading it's just gambling.