๐ I Made a Big Mistake in Trading โ Hereโs What I Learned
I started trading Binance Futures around 25 days ago, and honestly, at that time I barely knew anything about trading.I started with $100 and somehow made around $54 profit in my first week. I thought maybe I was starting to understand the market.But then things completely changed.I took a trade without using a Stop Loss and ended up losing $260. Instead of accepting the loss and stepping back, I made another mistake โ I added $600, hoping I could recover what I had lost.I lost that too.In total, Iโve lost around $960, and now Iโm left with only about $24 from my savings.Looking back, the biggest lesson for me is that Risk Management is much more important than chasing profits.I donโt want to keep chasing my losses anymore. I want to actually learn trading properly โ leverage, position sizing, Stop Loss, risk management, and trade management.If you were in my position, what would you do?Would you completely stop and focus on learning first, or eventually start again with a very small amount after gaining enough knowledge?And for the experienced traders here:What is the biggest mistake you made when you first started trading, and what lesson did you learn from it?Iโd genuinely appreciate your advice. ๐