Lesson
Wise for three years, foolish for one hour.
Seeing altcoins rise, reviewing purchases but then going short because of the temptation to take quick and easy profits.
Trading futures for about 2 years (almost 2 years) has resulted in about 35k hours burned. Luckily, I haven't lost my capital, but I've wasted time and health. After this trip, my mentality has also been affected.
When an exchange wants to liquidate you, no matter how much you deposit or pump in, the exchange will still liquidate you; I still have armor but decided not to pump because it's too obvious. Pumping further pushes it up to 2-3 dollars.
I should have cut my losses: a loss of 3k in the afternoon but was busy having fun, being complacent.
When I saw it, I noticed it had a tendency to kill the shorts but stubbornly hoped it would drop a bit to go long (both ends) then it quickly shot up. Burned!
So I often tell my friends to take a break (retire) and play smaller for safety (like how I'm currently playing on profits).
After this trip, I really need to quit futures :))
I hope my brothers and sisters see, learn, and draw conclusions from my experiences.
I wish I could go back to yesterday.
Wise for three years, foolish for one hour.
Seeing altcoins rise, reviewing purchases but then going short because of the temptation to take quick and easy profits.
Trading futures for about 2 years (almost 2 years) has resulted in about 35k hours burned. Luckily, I haven't lost my capital, but I've wasted time and health. After this trip, my mentality has also been affected.
When an exchange wants to liquidate you, no matter how much you deposit or pump in, the exchange will still liquidate you; I still have armor but decided not to pump because it's too obvious. Pumping further pushes it up to 2-3 dollars.
I should have cut my losses: a loss of 3k in the afternoon but was busy having fun, being complacent.
When I saw it, I noticed it had a tendency to kill the shorts but stubbornly hoped it would drop a bit to go long (both ends) then it quickly shot up. Burned!
So I often tell my friends to take a break (retire) and play smaller for safety (like how I'm currently playing on profits).
After this trip, I really need to quit futures :))
I hope my brothers and sisters see, learn, and draw conclusions from my experiences.
I wish I could go back to yesterday.