"My account is small, so even if I lose it all, it's not a big deal." This lie cost me so much. You throw $50 into a 100x DOGE trade, thinking "it's just $50." Poof, gone. But that wasn't "just $50," that was 50% of your $100 initial capital for that trade. Or maybe 10% of your overall $500 balance. The *amount* felt insignificant, but the *percentage* wiped you out, just like it did for me on ADA. What's true is that percentages are your only guide. Losing 10% of a $100 account requires the same percentage gain to recover as losing 10% of a $10,000 account. Are you tracking your dollar loss, or the percentage hit to your future capital?
#CryptoTrading #RiskManagement #FuturesTrading #SmallAccount #BinanceSquare