THE IMPORTANCE OF RISK MANAGEMENT AND NOT GOING ALL‑IN IN TRADING – A TRUE STORY OF ENDING AT ZERO!
Yesterday I tried a challenge. I just happened to receive a commission of over $50.
I was just messing around: Could it become $1,000? Maybe I could use it for content, right?
Long story short, I got a WINNING STREAK
Win 1: Made about 57 USDT profit
Win2: Made about 68 USDT profit
That streak turned a few‑dozen dollars into 150++ in one day
If done for 2 days, does 150 become 450?
If done for 3 days, does 450 become 1,350?
If done for 4 days, does 1,350 become 4,050?
If done for 5 days, does 4,050 become 12,150?
If done for 6 days, does 12,150 become 36,450?
And after a week you’d get more than 1.5 billion?
That’s what they call “MIMPINYA”
But then I made a mistake. On the third trade I LOST, and the loss was total.
The reason isn’t just a “stop loss”.
I chose a pair with low liquidity and volume. Normally, if it hit stop loss, I would “only” lose about 50%.
Instead it lost about 98%! Almost everything. This was due to slippage.
I’ve actually talked about this kind of situation a lot in groups and communities.
No matter how skilled you are at trading, if you lose everything when you hit a loss, it’s all for nothing.
And this content is just an illustration for you.
DO NOT DO THIS!
- All‑in on every entry
- Excessive leverage
- Trading pairs with low liquidity
That’s it.
Before anyone comments “that’s why money management…”, this was the money I used for the challenge. It’s not hot money, nor cold money. It’s the leftover cash I forgot after opening a CEX position, so I just used it. Think of it as finding money in your laundry pocket. It’s safe.
But honestly, when I realized the loss, I started spouting zoo‑like and terminal‑style words, KAWOKAWOKAWO
