I need some honest advice from experienced traders. 🙏
I started trading on Binance Futures about 20 days ago. Before that, I knew almost nothing about trading. I start with $75 and make about $41 profit in the first week.
Then I deposit another $200. A trade is opened without a Stop Loss, and I end up losing almost all of it. Later, hoping to make up for the loss, I deposit another $600, but unfortunately I lose that too through several trades.
Overall, I’ve lost about $975, and now I only have about $11 left from my savings.
From this experience, I’ve realized that I made a big mistake by trading real money before learning the basics of risk management, leverage, position sizing, Stop Loss, and proper trade management.
Now I don’t want to run around trying to recover losses or make money quickly. I want to learn to trade properly from the beginning.
If you
I started trading on Binance Futures about 20 days ago. Before that, I knew almost nothing about trading. I start with $75 and make about $41 profit in the first week.
Then I deposit another $200. A trade is opened without a Stop Loss, and I end up losing almost all of it. Later, hoping to make up for the loss, I deposit another $600, but unfortunately I lose that too through several trades.
Overall, I’ve lost about $975, and now I only have about $11 left from my savings.
From this experience, I’ve realized that I made a big mistake by trading real money before learning the basics of risk management, leverage, position sizing, Stop Loss, and proper trade management.
Now I don’t want to run around trying to recover losses or make money quickly. I want to learn to trade properly from the beginning.
If you