I’m a student and a beginner at Binance futures. I started with 1,000 USDT and now I’m down to 550 USDT—a 45% loss. I haven’t been liquidated, but it hurts.
How did I lose that 45%? Three things. I’m writing them down so you don’t make the same mistakes:
1. Holding onto losing positions: When my first trade went into the red, I told myself, “I’ll wait a little longer. It’ll come back.” It didn’t. Holding on isn’t patience—it’s refusing to admit you’re wrong.
2. Trading without a plan: I entered because it “felt like the price was going up,” then decided on a stop-loss on the fly and left the take-profit to chance. With trades like these, making money is luck; losing money is inevitable.
3. Trying to win it all back after a loss: After a string of losses, I opened a much larger position to make it back—and ended up losing even faster. Revenge trading is the fastest way to give your money to the market.
I’ve changed my approach. Here’s what I’m doing with this BNB trade:
• Write down a fixed plan before opening each trade: stop-loss at 708, take-profit at 755/800. Once it’s written down, I don’t change it.
• Review my trades every night at 10 p.m.: What did I do right today? What did I do wrong? I’ll change just one thing.
• Accept that “this trade might hit my stop-loss”: If 708 breaks, I’m out—no second-guessing.
This post is my accountability log. Whatever happens with this BNB trade, I’ll come back and update you—if it hits my stop-loss, I’ll own it; if it hits my take-profit, I’ll share it. I won’t delete the post.
If you’re also going through a drawdown, tell me in the comments: how did you get through it?
⚠️ This is a personal account and not investment advice. Futures trading carries extremely high risk. Don’t copy my trades.
How did I lose that 45%? Three things. I’m writing them down so you don’t make the same mistakes:
1. Holding onto losing positions: When my first trade went into the red, I told myself, “I’ll wait a little longer. It’ll come back.” It didn’t. Holding on isn’t patience—it’s refusing to admit you’re wrong.
2. Trading without a plan: I entered because it “felt like the price was going up,” then decided on a stop-loss on the fly and left the take-profit to chance. With trades like these, making money is luck; losing money is inevitable.
3. Trying to win it all back after a loss: After a string of losses, I opened a much larger position to make it back—and ended up losing even faster. Revenge trading is the fastest way to give your money to the market.
I’ve changed my approach. Here’s what I’m doing with this BNB trade:
• Write down a fixed plan before opening each trade: stop-loss at 708, take-profit at 755/800. Once it’s written down, I don’t change it.
• Review my trades every night at 10 p.m.: What did I do right today? What did I do wrong? I’ll change just one thing.
• Accept that “this trade might hit my stop-loss”: If 708 breaks, I’m out—no second-guessing.
This post is my accountability log. Whatever happens with this BNB trade, I’ll come back and update you—if it hits my stop-loss, I’ll own it; if it hits my take-profit, I’ll share it. I won’t delete the post.
If you’re also going through a drawdown, tell me in the comments: how did you get through it?
⚠️ This is a personal account and not investment advice. Futures trading carries extremely high risk. Don’t copy my trades.