Losing Everything in one Trade has to be the worst thing ever!!!

Now that everyone is sure about a Bull run, let me tell you A Short Story about how I lost all my Networth, once.

On 29th November 2017, I was long BTC with all my net worth.

Expecting market to reach 10K.

The next second, I got completely liquidated as price Dumped.

Then my target of 10K was reached, AFTER liquidating me.

Moral - When Price run is about to begin, volatility makes sure to liquidate both Long and Shorts.

Be careful with how much you're risking, the leverage and stop loss. The market will go to prices you can't imagine, in a second, in either direction.

Keep Safe, define your risk and know how much you are okay with losing.

I learnt from that mistake and then from the mistakes of others, accumulated the habit of not repeating mistakes.

A huge tuition fee was paid to learn management of risk.

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