If I have to tell a story about a memory from Trade Journey, I think back to the time when FCFS (First-Come, First-Served) Events were all the rage in the market. Back then, I got FOMO because I wanted the Event Reward so badly that I miscalculated the risk and ended up suffering a disastrous outcome where I had to pay even more than $50, including $50.
Actually, if I had closed that position a little later, it would likely have turned out much better. Not only did I get greedy and chase the momentum, but then suddenly, between the ups and downs of the price, I panicked and ended up not being able to manage it properly—so there was no other choice but to close the position to limit the loss. That is the first and bitter memory I’ve ever had since I entered the crypto market.
After that, I became especially careful with risk management in every futures trade. I would always remind my friends and myself, saying, "Be mindful of risk," but in real life, that big, costly lesson turned out to be unforgettable. When I look back, that mistake made me change my entire trading mindset and strategy in a systematic way. I realized that in the crypto market, being able to control emotions (emotional control) is more important than technical analysis.
When you see that everyone in the market is making profit, it’s only natural to feel FOMO. If you enter trades impulsively, without a plan, you often end up with regret in the end. After experiencing that kind of loss, I clearly understood that you need strict discipline to be able to stand in the market long-term. No matter how good the opportunity is, I will never break discipline.
Now, before entering any new position, I calculate the risk-to-reward ratio in advance. Setting the Stop Loss (SL) and Take Profit (TP) properly before I even enter protects me from being excited by sudden price swings and making wrong decisions. I don’t get carried away by what happens next in the market. Even if I miss an entry that turns out to be better, I remind myself, "In the crypto market, tomorrow always exists." The main thing is not to chase every time the price rises, but to protect my capital safely.
I also systematically developed the habit of writing a trade journal both before entering a trade and after finishing one. Recording the reasons for each trade’s entry and exit, the leverage used, and my current emotional state helps control and prevent similar mistakes from happening again in the future.
Trading is not a short sprint race—it’s a marathon that requires patience, continuous learning, and systematic risk management. The mistakes I made early on taught me the value of being able to keep your mind calm and steady. Today, I handle things with discipline by using a calm mindset for every chart, making accurate analysis, and applying systematic position sizing.
I also want to encourage Beginner Traders who are newly entering the market: don’t focus only on making profit—focus mainly on protecting your capital. Every loss in the market is a lesson, and only by applying those lessons correctly and consistently can you become a more capable, resilient trader in the long run.

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