After I opened a short position on $CYS
At $0.82, for a few minutes, the trade was profitable until we saw a huge green spike we haven’t seen on $CYS in the last 24 - 48 hours.
This Is why you must always trade with stop loss, this is the only way to survive in this market, do everything possible to protect your Capital while trying to make profit.
If i did not place that trade with stop loss I will be down by 60% by now or even liquidated.
You cannot control the market but you can control your max loss.
This is my second loss after the first on $ESP
At $0.82, for a few minutes, the trade was profitable until we saw a huge green spike we haven’t seen on $CYS in the last 24 - 48 hours.
This Is why you must always trade with stop loss, this is the only way to survive in this market, do everything possible to protect your Capital while trying to make profit.
If i did not place that trade with stop loss I will be down by 60% by now or even liquidated.
You cannot control the market but you can control your max loss.
This is my second loss after the first on $ESP