$XRP LIQUIDATION โ NO SHAME IN IT! ๐ค๐ซ
Yes, I got liquidated โ and Iโm not afraid to admit it.
XRP: 2.3152 (+7.19%) ๐
But Iโm sharing this experience for one reason:
Donโt let the market wipe you out. ๐ช
Wealth isn't built through futures trading. It's about constructing something solid and lasting, not something that can be built overnight. ๐๏ธ๐ฐ
My journey started small, and my first steps were shaky. But my strategy was straightforward: Build it from the ground up. ๐ทโโ๏ธ
After a bumpy start, I slowly started making progress. I shared my trades, and occasionally my signals, with you. But the liquidation hit hard and wiped out my futures account. ๐ฅ
However, before this happened, I took a few precautions that still leave me confident and secure in this volatile market:
๐ธ Recovered my initial capital that I used for futures trading.
๐ธ Took some profits off the table and transferred them to my bank account. ๐ธ
๐ธ Paid off Binance loans by withdrawing part of my futures funds. ๐ฆ
And just so you know, the initial capital was a loan backed by my crypto. Thatโs the power of your assets. But I wouldnโt recommend borrowing against your crypto to trade futures. Donโt do it. ๐ซ
I understood the risks and acted accordingly. Yes, I lost a decent amount, but I had already locked in solid profits. ๐ผ
So, what went wrong?
Greed? Absolutely. 50% of it. ๐
Optimism? Fair enough. 50% of it. ๐ค
But I made sure that, no matter what, I wasnโt putting my entire account at risk. Even after this rough ride, Iโm standing strong. ๐ช
The spot market is still growing, and Iโm earning passive income from my assets every day. ๐ต๐
I have to restart in futures, but this time, I know exactly what not to do. Oh, and I bought the dip in my favorite altcoins today. ๐๐
Sure, I lost a four-figure amount, but Iโm confident itโs just the beginning of my journey to six figures. ๐๐ฐ