Trading should never be something people compete over.
Everyone starts with a different amount of capital, and too many factors are tied to that. No one can start from the same line.
If we have to compare, we should compare maximum drawdown, the Sharpe ratio, and how long we’ve survived in the market.
On the platform’s feed, large accounts can casually make tens of thousands—or even hundreds of thousands—of dollars on a single trade. And that feed is the most direct source of information available to retail traders.
In an already greedy market, constantly seeing other people’s highly profitable trades naturally makes those with a few thousand or tens of thousands of dollars want to crank up their leverage and go after bigger gains.
But that’s where the nightmare begins.
You should only compare your trading with your own. For example, what percentage of your total position did this trade earn? When you placed the order, did you consider what percentage of your total capital you could lose if the trade went against you? Don’t just focus on the liquidation price when you enter a trade, then aggressively add to a losing position, only to get wiped out in one move.
Plan your trade, and trade your plan.
We can’t control whether the market goes up or down, but we can control the maximum loss we’re willing to accept on a trade. Set the size of your position based on your stop-loss.
People are full of contradictions. We always want the lowest risk and the highest return, but that’s obviously impossible. If someone offers that, it’s a scam#FedMinutesFocusOnOctoberPause #BinanceLaunchesBinanceIntelligence #SP500AndNasdaqHitRecordHighs $
Everyone starts with a different amount of capital, and too many factors are tied to that. No one can start from the same line.
If we have to compare, we should compare maximum drawdown, the Sharpe ratio, and how long we’ve survived in the market.
On the platform’s feed, large accounts can casually make tens of thousands—or even hundreds of thousands—of dollars on a single trade. And that feed is the most direct source of information available to retail traders.
In an already greedy market, constantly seeing other people’s highly profitable trades naturally makes those with a few thousand or tens of thousands of dollars want to crank up their leverage and go after bigger gains.
But that’s where the nightmare begins.
You should only compare your trading with your own. For example, what percentage of your total position did this trade earn? When you placed the order, did you consider what percentage of your total capital you could lose if the trade went against you? Don’t just focus on the liquidation price when you enter a trade, then aggressively add to a losing position, only to get wiped out in one move.
Plan your trade, and trade your plan.
We can’t control whether the market goes up or down, but we can control the maximum loss we’re willing to accept on a trade. Set the size of your position based on your stop-loss.
People are full of contradictions. We always want the lowest risk and the highest return, but that’s obviously impossible. If someone offers that, it’s a scam#FedMinutesFocusOnOctoberPause #BinanceLaunchesBinanceIntelligence #SP500AndNasdaqHitRecordHighs $