My 18 Lakhs (~ $18,940 USDT) Lesson - How Cash Games Trapped Me
I am in 18 Lakhs INR debt, which is around 18,940 USDT. All because of cash games. I started without thinking much, and later it became impossible to stop.
The entire debt is from private lenders, and they are putting a lot of pressure on me now. That is 18,940 USDT to repay.
I am not posting this to trade today, but to share a small lesson.
My advice to anyone in a similar situation:
1. Leverage is like a loan. 20x leverage means 20 times the debt.
2. If you try to cover a loss by playing again, the debt will double.
3. The market never goes anywhere, we are the ones who lose discipline.
Now I am looking at trading not as gambling, but as learning. It is not about $1 profit every day, it is about $1 discipline every day.
Has anyone here come out of such debt (18k USDT+)? What plan worked for you? Your experience would help me.
#FinancialDiscipline #RiskManagement #TradingPsychology #DebtFreeJourney
I am in 18 Lakhs INR debt, which is around 18,940 USDT. All because of cash games. I started without thinking much, and later it became impossible to stop.
The entire debt is from private lenders, and they are putting a lot of pressure on me now. That is 18,940 USDT to repay.
I am not posting this to trade today, but to share a small lesson.
My advice to anyone in a similar situation:
1. Leverage is like a loan. 20x leverage means 20 times the debt.
2. If you try to cover a loss by playing again, the debt will double.
3. The market never goes anywhere, we are the ones who lose discipline.
Now I am looking at trading not as gambling, but as learning. It is not about $1 profit every day, it is about $1 discipline every day.
Has anyone here come out of such debt (18k USDT+)? What plan worked for you? Your experience would help me.
#FinancialDiscipline #RiskManagement #TradingPsychology #DebtFreeJourney