Yesterday, I made a poor decision. I ended up using 10% of my capital on a risky trade with 75x leverage, and things quickly went downhill. I found myself in a highly leveraged position, which left me very exposed. On top of that, I was already struggling to recover from a previous bad trade with another coin.

The situation took a turn for the worse when I realized I was staring down a $40 loss. With the market still in the red, liquidation was beginning to feel inevitable. I knew I had to start reducing my position and hope for the best. Unfortunately, averaging down only deepened my troubles, and liquidation continued to loom ominously, just out of reach but never far away.

To reduce the risk, I had to sell off some of my assets in spot which where already down by 10%, to bring in enough capital to lower my liquidation price in futures. I was essentially hoping for BTC to recover just enough to avoid getting wiped out. In the end, I felt stuck, overwhelmed by the market’s rules and unsure of what to do next.

I was at a crossroads, but the recent surge of Bitcoin to $95k helped me minimize my losses, leaving me with just a $4 loss overall.

Now, I'm choosing to wait for the market to stabilize before making my next move. Once things settle, I'll buy back into my spot investments, aiming for better futures trade and hoping for a recovery in the long run.

Lesson learnt💆