🚨 Lessons from Losing $6.5k in Futures Trading 🥲💪
Today, I lost around $6,500 USD from my futures wallet.
It’s definitely painful, but instead of dwelling on the loss, I’m reflecting on what I can learn from it. Losing this amount is like paying for an expensive course—except this time, the lesson came through experience.
Here are my key takeaways:
1. Never Be Too Greedy.
It sounds obvious, right? I thought I understood it before, but now I feel it. Greed blinds rational thinking and often leads to bad decisions.
2. Money Is Not Everything.
We all know this in theory, but experiencing a significant financial loss puts things into perspective. Money can be earned back, but time, health, and relationships are far more valuable.
3. Stick to Bitcoin.
If I had only invested in Bitcoin and avoided chasing altcoins or speculative futures trades, I’d have three times more money today. Consistency beats risky experiments.
4. No One Can Predict the Future.
Thinking I could outsmart the market was foolish. Markets are unpredictable, and even the best traders rely on probabilities, not certainties.
5. Focus on Building a Business, Not Watching Charts.
The time I spent glued to screens was just like binge-watching Netflix or scrolling Instagram—unproductive and costly. The best investment I can make is in my business, where I have control and can create real value.
Final Thought:
Let money work for you, not the other way around. This experience was expensive, but the lessons I’ve gained are priceless. Here’s to smarter decisions moving forward! 💪
