My long got liquidated faster than my morning coffee cooled off. Lesson learned… again
There are 2 reasons as to why you got liquidated.1. You didn't put a stop-loss on your position.
2. You put a high leverage on your position.
Maybe I'll add a third one which is, you have the opportunity to cut your losses, but you decided not to cut your losses because you believed that the market will recover at some point. Well, it did recover, but after you got liquidated. Anyway, liquidations = learnings, and I hope you learn from this thing that happened to you.
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today we saw what I wrote about 2 days ago: Trump announced a 90-day pause in relation to a number of countries and a reduction in tariffs to 10% - https://truthsocial.com/@realDonaldTrump/posts/114309144289505174 And we can see how the stock and cryptocurrency markets reacted to this news with a 10% increase. So you don't have to look at the charts, you need to keep an eye on Trump messages)
Well, he paused it to all of the countries EXCEPT WITH CHINA.today we saw what I wrote about 2 days ago: Trump announced a 90-day pause in relation to a number of countries and a reduction in tariffs to 10% - https://truthsocial.com/@realDonaldTrump/posts/114309144289505174 And we can see how the stock and cryptocurrency markets reacted to this news with a 10% increase. So you don't have to look at the charts, you need to keep an eye on Trump messages)
Now we are experiencing the modern-day TRADE WARS between 2 superpower countries.
TBH, I'm thinking that Trump is just playing with us retail investors. I mean he will pump the market one day, and will dump it after with all this news, and decisions that he's making. I know that he's just doing what's best for his country, and the market is just reacting to it. Anyway, the market pumped and went above $80,000 after days of it being below that price. I'm hoping that it will sustain that recent pump, and will take the $80,000 as the psychological support yet again.